Think about the current software installed on your point-of-sale (POS) device. Does it offer the functionality you need in areas such as inventory, taxes, order management and item-level analysis? Does it integrate with peripherals that can make your business more efficient, such as a handheld barcode scanner or kitchen printer?
A few questions to help you get started
If you answered “yes” to one or more of these questions, then a more feature-rich POS software plan may be just what you need.
Options to consider
All Clover payment solutions enable you to accept credit, debit and chip card payments with 24/7 customer service and support.1 Clover Flex, Clover Mini or Clover Mobile* users can choose from three POS software plans that offer a range of functionality and pricing to fit budget and business needs. Here is more detail about each software plan as well as compatible devices:
How to upgrade your current Clover POS software plan
Think a more feature-rich software plan is the right option for your business? If you have a Clover Mini, Clover Mobile* or Clover Flex, upgrading can be done through your Clover Web Dashboard. Follow the steps below or give us a call and we can help.
Don’t have a Clover device but you’re interested in learning more? Call us at 800.430.7161 and we can help you determine the best device and POS software plan for your business.
The holiday shopping season is almost here. You may be a seasoned pro, or this could be your first holiday season. Either way, the following checklist has some useful reminders and tips to help you prepare your business for the most wonderful time of year:
Unsure if your POS device has the functionality to help you complete any of the tasks listed above? Visit the POS Devices for Small Business page to see the ability of each device.
The ways customers pay for goods and services has changed dramatically over the years. Did you know…
As customer behaviors and preferences continue to evolve, small businesses must keep pace. Staying up-to-date on payment trends as well as customer expectations can give your business a distinct advantage over your competition, especially when 38 percent of small businesses report they have not changed the types of payments they accept in the past five years.⁵
See how you stack up
Bank of America Merchant Services just released its 2018 Small Business Payments Spotlight, which is based on surveys of more than 500 U.S.-based small businesses and more than 500 customers who frequent them.
The key findings in the report can help you compare your business to other small businesses and see how your shopping and payment options stack up to your competition.
Check out the full 2018 Small Business Payments Spotlight to get a pulse on changing consumer attitudes and pinpoint things you can do to make your business more competitive and successful.
In each issue of Small Talk, we answer some frequently asked questions from small business owners like you. Read on… you may learn something new.
Q: What is a 1099-K tax form and when should I receive it?
A: The 1099-K tax form discloses the gross amount of all reportable payment transactions you received in the prior calendar year. You’ll receive a form if your business received payments from payment card transactions, like debit, credit or stored-value cards. You’ll also get the 1099-K form because of other payments, like settlement of third-party payment network transactions above the minimum reporting thresholds. Per Internal Revenue Service (IRS) requirements, you will receive your 1099-K tax form before January 31 to complete your annual fillings.
Q: Why do I receive multiple 1099-K tax forms?
A: Your business can receive multiple 1099-K tax forms based on the entitlements, such as Electronic Benefits Transfers (EBT) or other government programs, on your account. If Bank of America Merchant Services deposits a specific card type into your merchant account, we will provide you a 1099-K tax form for that reporting year. If your business receives a direct deposit from a card organization, like American Express or Discover®, this will also generate a 1099-K tax form. An individual 1099-K tax form will be generated for Visa®/Mastercard® (volume is together on the same form), Discover/American Express OptBlue® (volume is together on the same form) and American Express OnePoint (volume is on one form).
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