B2B Vault: The Biz To Biz Podcast

Today's podcast talks about Payment Trends In The News, it's 2022, and exciting things are going on in the world of payments! Innovations, new products, new laws that business owners need to pay attention to, and more! B2B payments on credit cards and ACH are increasing and have been for the last few years! Stop waiting for that check in the mail and set up a payment portal. More on products - look for same-day ACH to evolve; it's not there yet, but it's getting there, Push to Card/ Bank Account is getting HOT and is now ready to go for smaller opportunities like personal loan companies, rebate companies, and more! Get people their money faster - in less than an hour. New laws and taxes. These stories have been around, but now many local TV and media are finally talking about it. $600 reporting rule for payment services, like Paypal, Venmo, Zelle, cash app, and more. Is it time to turn that side hustle into a real business? Crypto is always in the news - it is always a hot topic on Twitter! The IRS will collect taxes on it - so talk to your CPA or tax professional. We have a great product that removes all of those headaches - check out npscoin.com. Book an appointment with Allen here. If you want to learn more about our services.

In Today's podcast, we are going over how to get set up to accept cryptocurrency in your business. We will be going over the top 10 reasons to accept cryptocurrency and we will be going over some of the most frequently asked questions. Then we go over the setup process and how we can get you to take cryptocurrency at your business and getting US Dollars in your bank account. We can work outside of the USA as well and Settle in Euro, AU, and more. Carpe Diem Check out npscoin.com for more info

In today's podcast, we are diving into a discussion on how to start a business.  Today I am joined by Justin Owings, my web developer, and podcast guru. We will be going over all of the various things that you need to do when you are starting up a business. I have started several businesses and Justin has helped many business owners over the decade with websites, digital marketing, SEO, and traditional marketing. This was a great discussion and if you are going to start a business you will learn a lot. Hope you enjoy the podcast!

In today's podcast, we are doing an industry spotlight on the Insurance industry. We work with agencies, insurance companies, and 3rd party administrators. Here are some of the great ways we can help as far as insurance goes. Get you enrolled as an emerging market merchant - Why is this important? Suppose you are working with an experienced consultant like Nationwide Payment Systems. In that case, we can guide you through getting set up so you get the best Interchange fees for your industry. Several industries qualify for "Special" Interchange fees from the card brands, and as long as you set it up correctly, you can reap the benefits, saving a lot of money on your costs. Interchange makes up 80% to 90% of what you pay on your merchant services bill each month. So take a listen or watch the video - and find out what we can do for your insurance company, visit our insurance webpage - alkjdlkafjdlkjalkfjalkjd.com/ins you will get better of an idea of how we do it, and there 2 case studies on that page as well. Follow B2B Vault on your favorite podcast networks, YouTube and Social Media! Carpe Diem and have a great day, everyone!

In Today's podcast, we are doing an industry spotlight on our Restaurant Program for Micros Point of Sale Merchants. This podcast episode is for you if you are using Oracle - Micros Point of sale! We are giving each restaurant the signs up $1000! In addition to that, you get free gateway fees, free software support from our Micros help desk team, and Free Equipment with a lifetime replacement warranty! Our restaurant program is exciting and can save Restaurants & Hospitality Merchants a lot of money gateway fees can be from the hundreds to the thousands per month. You get free Micros software support from our in-house team. You will be able to call one phone number and deal with your software, gateway, and processing - and not have to figure out where the issue is. To find out more - set up an appointment on our website.

In Today's podcast, we are doing an Industry Spotlight on hotels! We will be going over our Hotel Stimulus Program; hotels have been through hard times the last couple of years. Nationwide Payment Systems is here to relieve the hotel industry with this program. We work with over 50 different Reservation Point of Sale Systems that works with just about any system out there. What are we offering? Free Set up fees Free Gateway fees can save a small hotel/motel $200 to $1000 per month, and more significant properties can save $1000- $5000 per month. There are no monthly fees or transaction fees. Free EMV equipment for the front desk and all your outlets with a lifetime replacement warranty! The warranty includes wireless terminals where needed. Also, your hotel can qualify for a signing bonus of $1000 per merchant number - So, if you have a hotel with three outlets, you can be eligible for a $4000 signing bonus! Take a listen and learn about the hotel program from Nationwide Payment Systems. Set up an appointment to find out more - https://npsbank.com/appointment/

In today's podcast, we are discussing Cryptocurrency and Real Estate transactions. Nationwide Payment Systems has the solution to the new IRS tax rules for cryptocurrency, now referred to as Virtual Currency You can accept cryptocurrency, and it is converted into cash - therefore, you will not have to pay the new "Virtual Currency Tax" in the 30% range, which would be a huge fee! Under our program, the cryptocurrency is converted in real-time into USD. Please listen or watch the video as we explain how our program works and how easy it is to use cryptocurrency to pay rent, down payment on a residence, pay for anything. It's less expensive than a wire and doing a currency conversion too! If you are a realtor, title company, landlord, investor - check out our program at npsbank.com/cryptocurrency - set up an appointment or sign up. No Chargebacks, No transaction size Limit, and No Monthly Fees! Carpe Diem

Today's podcast talks about another tax on small and medium-sized businesses! We have seen a bunch of new taxes that are pointed directly at smaller private companies. The current administration is making it harder and harder for smaller companies to stay competitive! In the latest announcement - if you are using Venmo, Cash App, Paypal, etc., and you are receiving more than $600 per year, those services will report that to the IRS in the form of a 1099. So if you own a business and have funds from those transactions hitting your bank account and you have your social security number on file with them, any funds you receive will be reported to the IRS. Another rule on top of the law is reporting anyone who transacts over $600 per year through your bank account and the new taxes on virtual aka cryptocurrency. But we have a solution - you can download our book about how to pay 0% for credit card processing at payzero.info - or you can visit our website - npsbank.com and go to the page for a cash discount to find out about how you can pay 0%. With a cash discount merchant account from NPSBANK, you can spend 0%, and we have the technology to help you do business and accept payment the way you want.

THE FUTURE OF PAYMENT PROCESSING, FINTECH & BUSINESS - so in today's podcast, we take a look back at the last couple of years and a look forward. Which technologies were winners - which ones didn't work out well. QR codes made a comeback as far as reaching websites and payments go - many discovered their rates went up. We also discuss trends that continue to grow - alternative payments - payment portals - CBD - the Safe Banking Act, and more. 2022 is going to be an exciting year so take a listen. We didn't make any predictions; if you find something interesting - reach out to us at NPSBANK.com, and we will be happy to discuss your business needs for 2022! 

Happy New Year as 2021 comes to a close; we wanted to discuss what subjects we covered on B2B Vault. So I go down the list and talk about the solutions, industries, and news we discussed on the podcast. We want to wish everyone a Happy New Year! I hope everyone has a happy, healthy, and prosperous New Year in 2022 There is a lot to look forward to in 2022 - look for the 2022 podcast kick-off episode, The future of payment processing - We have a contest to win an apple watch - click the link to join in! Thank you for listening - Carpe Diem - Seize the Day!

Today, on the Podcast, we will talk about CBD and Payment Processing. Are CBD and Hemp Related products legal? CBD payment processing is a moving target, and the short answer is yes. It's up to the credit card processors and banks who sponsor them and what types of products they are willing to process. Nationwide Payment Systems offers several solutions for these products. We will go over the different options available for CBD payment processing. We will also explain why banks are not very eager to work with CBD and Hemp merchants due to the four agencies that have eyeballs on this industry. A long list of federal agencies is looking into the CBD industry. This is why many banks shy away from this product. FDA - they look at you're advertising and product labeling USDA - looks at how the hemp is grown, and it meets the .3 or .03% THC level DEA - looks at these products and if you are selling items that contain too much THC FTC is looking at your website, advertising for promises you can't keep This makes compliance a big job for processors, banks, etc. Compliance is King when it comes to processing higher-risk merchants like CBD. We work with both Card Present and Non-Card Present CBD Clients: Retail E-Commerce The FARM Bill of 2018 opened this market, and several banks are opening merchant accounts for hemp, CBD, and related products. We work with just about any website, we have several gateways, and we have fraud tools available that you can also sign up to use. If you are looking for additional processing volume or want to see if you can lower your costs, we can help. We have been helping merchants obtain processing with hard-to-place businesses since 2001, and we are always looking for solutions to help business owners. Besides CBD and Hemp, we also offer merchant accounts to Cannabis related businesses, Doctors' offices, Cards, Lights, Accessories, and more! For more info, visit - www.npsbank.com/cbd.

Cannabis and Payment processing has been a subject that I have been asked about for years. The simple answer is: There are legal ways to accept electronic payments - most of them involve ACH. ATMs that dispense cash are allowed by some banks that provide services to ATM companies. There is Point of Banking machines (similar to an ATM) that are also allowed by some banks. The rules are different for each provider, so we recommend that you do your homework and determine what solution you will choose. The Card Brands has been sending out notices and shutting down dispensaries that are processing using the card brands networks. If you want legal cannabis payments - the short answer is - to keep writing your congresspeople. The House and Senate both need to bring the "SAFE BANKING ACT" to the floor for a vote -several committees have voted on this, and many states have legalized cannabis. When will the Safe Banking Act pass? Your guess is as good as mine... It is a multi-billion-dollar business - that needs national rules and taxes. Local governments are taxing 30-35% of dispensaries, so there needs to be some control over this industry. Congress has the power to do this and no one else! - The States have done the job they can do. Next, it's up to Washington D.C. Many organizations are lobbying for this Safe Banking Act to go through. Each year more banks allow cannabis businesses to open bank accounts. Until then, payment options are limited. Some companies bend the rules too far get shut down. Many have been shut down over the last several years, which results in merchants' funds being held for 6-12 months but is eventually released.

In today's episode, we will discuss what the IRS is doing Virtual Currency. Please look at how we are solving this issue for business owners!  The bill passed by Congress earlier this year had a law about Cryptocurrency, and the IRS had until 2023 or 2024 to figure out how they would deal with Crypto. Well - The IRS is not waiting - it's on this year's 1040 form!  So what is the IRS saying about Cryptocurrency?   1. They are now referring to all Crypto as Virtual Currency   2. They are going to tax you on the profits and two different levels Level 1 - if you sold, traded, or transacted with it and held it for under a year, there is one rate. Level 2 - if you held it for over a year, the rate is lower. The rates all depend on your tax bracket - not simple. Also, you would have to prove that you did a "Business Transaction" and what the costs were and show who paid you to take any deductions. Right now, the IRS says - they will "Collect" tax and sort it out with the taxpayer later. We have a service that eliminates - the issues with the IRS. Businesses can accept Virtual Currency, Digital Currency, or Cryptocurrency; the name keeps changing. That currency is converted to FIAT - U.S. Dollars and deposited into your bank account. So, since you never handled the Virtual Currency - you can show the sale on your books, deduct your cost of goods, expenses, etc. and avoid all the IRS issues. Want to find out more? npsbank.com/cryptocurrency, and you can book a call or sign up for our service there! 

In today's episode, we are going to talk about Gateways and how to protect your business!  Velocity Filters & Settings AVS - Settings  - address verification Shipping Address Settings -  CVV2 Settings - the 3 or 4 security digits Recurring transactions and account updater  3d Secure to protect against chargebacks  We will be talking about the importance of using these filters and why they help you control fraud, bust outs and more!  Another thing merchants should think about is verifying shipping addresses and avoiding shipping to mailbox stores and office suites that mail for people. UPS and FED EX offer - where the customer can change the delivery address or send to a local UPS Store or FedEx Store - do not allow this, this will attract scammers - they will do a legit transaction and then run a scam.

In today's episode, we will be talking about why accepting crypto from your non-US customers is a good idea. 1 - Safe 2 - Blockchain - Crypto transactions are secure 3- Cheaper than a wire and currency exchange where there can be high exchange fees 4 - Wires can be yanked back - not easy - but is cross border banking 5 - Crypto - No Chargebacks - need to do a refund that is between you and your client 6 - Easy to do - send an invoice and away we go 7 - No need to know anything about crypto - you are selling something for $5000 you will get $5000 8 - Many people outside the USA use crypto for business transactions 9 - People in the US use it for business but most people in the US look at it as an investment 10 - Visit Npsbank.com/cryptocurrency for more information and to sign up.