Nicole Osibodu | Pay It Forward Processing

Working with a Licensed Credit Card Sales Office vs Working with a Broker Sales Office

In the world of credit card processing, it can be overwhelming and hard to find the best processing choices for your business. No matter if you’re searching for a processor for the first time or re-evaluating your current processor, here are some differences in working with a licensed credit card sales office versus broker sales office: Using a licensed sales office: Licensed offices will find you the processing company with best pricing and best point of sale or gateway with unbiased motives. They have the ability to waive unnecessary fees not charged by Visa and Master Card. Using a broker: Brokers find the best deal that pays the broker the most. The mentality is to make the most money so, often times, they search for the deal that favors… Read More.

Top Ways to Promote Freshness, Effectiveness + FUN in Your Company

Invest in learning. Want to create raving employees that love your company and stay for a long time?Invest in their brains! Sending them to training and industry conferences will make them more valuable to you, the team, and your customers…and they will love you! We buy self-improvement books that our teams wants to read and then discuss them and implement what we think would improve our company. Support innovation. Being small gives you an advantage over bigger competitors–you can afford to “do things that don’t scale.“ Treat your people right. If you treat your team well, then they will support your vision and goals with everything they have. According to a March 2015 survey by Totaljobs, a U.K.-based job placement agency: “Work-life balance is by far the most universal concern for 50% of the… Read More.

Why Do Other Credit Card Processors Lock You in Contract Jail?

Why do most companies lock you in contract jail? It’s simple: 1. When signing a contract, you are stuck with them for the length of the contract and they do NOT have to tell you when they raise your rates. A contract does NOT guarantee your rates will remain the same as at signing. 2. There are cancellation and termination fees. These can range from a flat fee of $250-$22,000 (yes, you read that correct)! Sometimes the termination fee is the percentage of profit they think they would have made had you stayed the length of your contract. This can be a ton of money! 3. Overtime, they know you might want to get out of your contract and they don’t want you to do that! Hence #2… Why… Read More.

Merchant BEWARE! Cash Discount Programs are quickly becoming ILLEGAL!

A cash discount program is a way for merchants to pass the cost of card acceptance along to cardholders. The merchant will raise all of their prices via simple signage in their location, and then offer a discount to customers paying with cash. Pay it Forward Processing does not endorse cash discount programs and here is why: Eleven states are getting wise and making it illegal to participate in cash discount programs. California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas—and Puerto Rico have laws that prohibit merchants from charging consumers with surcharges on credit card transactions. Minnesota prohibits a seller of goods or services that establishes and is responsible for its own customer credit card from imposing a surcharge on a purchaser who elects to use that credit… Read More.

We Believe!

As humans, we lead our lives based on deep seated beliefs. The Pay it Forward team has spent a ton of time lately in coaching sessions and we are all PUMPED for our future-but most importantly, we believe in the journey! Since you’re reading this, we thought we would share some of those beliefs with you, our biggest fans. WE BELIEVE in answering the phones with a smile. Isn’t is nice to talk to someone who is smiling and attentive than someone who sounds like you’ve called in the middle of their Candy Crush game? We think so. WE BELIEVE in FUUUUUN! One time, our CEO returned from a trip to find her entire office wrapped in her least favorite color, PINK! It is not uncommon to hear laughter coming… Read More.

Five Things to watch out for with your current credit card processor

1. Dishonesty Have you been promised a certain processing rate yet when receiving your statement; they are higher than you were promised? Also, additional fee’s you weren’t aware of. Most credit card processing companies focus and sell you on a low rate without explaining what will happen after a transaction. These extra hidden fees can sometimes be in the range of $50-$100 monthly and even more. 2. Bait and Switch Your current processor may lower your rates on the signing or when asked to explain or compare rates, but do not have to notify you when they raise your rates again which usually happens shortly after lowering. 3. No Customer Support Do you have a consistent and supportive relationship with the agent you signed up with? Probably not. It is… Read More.

CNN Hero of the Year-A Model of Passion + Purpose

“I wouldn’t change you for the world, but I will change the world for you.” -Amy Wright A line that speaks volumes about the love Amy has for her children and her mission to change the world. And she is actually doing it at Bitty & Beau’s Coffee, where it’s more than a cup of coffee… It is not often that someone as special and passionate as Amy Wright from Bitty & Beau’s Coffee gets the recognition they deserve. The light was shed on the perfect recipient last night of CNN’s 2017 Hero of the Year but more so on people with disabilities. We are so proud of Amy and the 40 employees at Bitty and Beau’s who work every day to Pour it Forward. You ARE changing the world. Congrats to… Read More.

Give Back to your Community-Four Creative Things your Business Can Do

While using Pay It Forward Processing may be one way to give back to your community, it’s not the only way. Here are some creative ways to get involved and make an impact that goes beyond just donating or raising funds for charity. Incentivize it. An easy way to encourage charitable giving is to offer incentives for employees-and to make it fun! Creating contests for the largest givers Casual dress day-have employees pay to dress casually Gift card or free lunch as a prize Make giving part of your culture. A company that gives is a company that lives! Yearly or quarterly stipends for employees to give to their favorite organizations Establish a set number of paid hours for volunteering or charity work Give based on… Read More.

2017 Give Back to The Friendship Club!

Every Swipe Matters! We are incredibly excited to announce that we gave The Friendship Club 50+% more than 2016! We donated $4,314.56 to The Friendship Club through our Every Swipe Benefits Charity Program where a portion of every swipe goes to vetted nonprofits without costing our clients’ additional fees. Mick Collins presented the check to Jennifer Singer, executive director of The Friendship Club, at their annual Holiday Gala on Dec. 4.

Renee VanHeel, Rising Up In Our Community

Renee was a recent guest on Rise Up Radio with Jared Kelley and Derek Abbey! Renee shared the stage with David Bareno the Founder of Think Box Concepts. Renee talks about her “why” and her commitment to a better community through giving. Renee continues to inspire her company and beyond! Thanks Renee for all that you do for our world. The complete interview can be accessed here.