5 Reasons to choose Vivid for credit card processing over Square

 

Switching from Square to Vivid's Credit Card Processing can be a significant decision for your business, and it should be based on a careful evaluation of the advantages and disadvantages of each option. 

Here are five potential reasons why you might consider choosing Vivid for Processing:

1.) Lower Transaction Fees: Vivid offers more competitive transaction fees compared to Square. Lower fees can directly impact your bottom line by increasing your profit margins on each sale.

2.) Customizable Payment Solutions: Vivid provides more flexibility in tailoring payment solutions to your specific business needs. Whether you need customized pricing structures, specialized reporting, or other features, Vivid's offerings may be more adaptable.

3.) Enhanced Security: Vivid offers advanced security features to protect your transactions and customer data. Improved security can help you gain your customers' trust and reduce the risk of data breaches and fraud.

4.) Customer Support: Vivid offers a higher level of customer support and assistance than Square. Better support can help resolve issues quickly and ensure that your payment processing runs smoothly, reducing downtime and potential revenue loss.

5.) Integration and Compatibility: If your business relies on specific software, hardware, or integration needs, Vivid's credit card processing system offers better compatibility or integration options that align with your existing tools and systems.

Remember that the decision to switch credit card processors should be made after careful consideration of your unique business needs and a thorough evaluation of the costs and benefits. It's essential to compare the specific offerings of both Square and Vivid to determine which is the better fit for your business. Additionally, you should factor in any contract terms, early termination fees, and potential challenges associated with making the switch - all of which Vivid does not implement.

 

What Credit Card Terminal Features Should You Look For?

Whether you sell online, in-person or both, no modern company can survive without being able to take credit card payments. In order for that to happen, you’ll need to research to find a smart credit card terminal. With the right set of features on board, you can look forward to secure payments, efficient transactions, improved analytics and satisfied customers.

Credit card terminals defined;

Before we dive into details about features, let’s get our terminology straight. 

A credit card terminal, sometimes also known as a smart credit card terminal, is a piece of hardware or a software application that makes it possible for a retailer to take debit and credit card payments. 

Typically, the terminal consists of a keypad for entering details such as PIN numbers, a reader and a display screen that shows details of the payment. The terminal connects, usually wirelessly, to the payment processor in order to facilitate the transfer of money from buyer to seller.

A good terminal does more than simply to take credit or card information and pass it onto the processor. It also contains a robust set of security tools that help to protect both you and your customer from possible fraud.

Feature 1: Accepting multiple forms of payment.

Now more than ever, it is crucial that your business establish yourself as a brand that is committed to catering to its customers. In addition to taking steps to personalize the shopping experience with targeted marketing, providing a variety of payment options allows your buyers to use the method with which they feel the most comfortable. 

With so many other stores competing for the same shoppers, going the extra mile to make the payment experience as pleasant, client-focused and accessible as possible can mean the difference between a sales conversion and a click away to one of your rivals.

Specifically, your terminal should, of course, take credit and debit cards. In addition, it should also have no difficulty accepting digital transactions like Apple Pay, Google Pay and PayPal as well as contactless payments. 

Offering a variety of options increases the chances that your customer will find one they love. It is even possible that they will spend more money.

Feature 2: Accepting recurring payments.

You should only partner with a payment processor who can provide you with a terminal that can be configured to accept recurring billing. This model lends itself to virtually all business types, allowing you to schedule withdrawals from a customer’s credit card or bank account in specified amounts, on predetermined dates and for a certain duration.

At one time primarily used by health clubs, day care centers and utility companies, this model is now embraced by retailers of all types. When you offer this enhanced way for customers to resolve their invoices, you make it more comfortable for them to buy larger-ticket items. What’s more, you have numerous additional opportunities to enhance your relationship by means of supplementary communications and promotions.

Feature 3: Compatibility.

Your terminal should also work seamlessly with the other software and systems that you are already using in your business. These include components such as the point of sale program that communicates with your payment processor as well as your accounting and customer relationships and employee software. When all of these elements interface without a hitch, you can provide an accurate, secure and effortless payment experience not only for your customers but also for your staff.

Choosing the right credit card terminal for your business.

Now that you have an idea of what qualities to look for in a credit card terminal, it’s time to do some research to learn about the various options available to you. Taking the following factors into consideration will help you to choose among the many companies vying for your business.

Start by assessing your current and future business needs. While it is important to find a terminal that possesses a variety of features, you may not need every bell and whistle if your operation is small. 

By the same token, you should keep your goals in mind and opt for a terminal that can grow right along with your store. Card terminals are available at varying levels of power and speed. Smaller businesses with lower sales volumes may not require the more robust features that also cost more. As we said above, deciding the power of the terminal you choose should be a balancing act between your current needs and your projected future requirements.

Furthermore, examine your customers’ preferences to gauge what types of transactions you wish to accept. Since you are looking to ensure that your system will accommodate your future as well as your current needs, be sure that your terminal is equipped to accept contactless mobile payment solutions and those that come from digital wallets.

Credit card terminals come in a variety of types. Stand-alone models are usually connected to a telephone line or to the internet. These old-school systems are perfect for stores operating from a set location with moderate to high sales levels. A modern alternative is the mobile card terminal. These terminals use an app to connect to a smartphone or tablet, making for easy, wireless payments from anywhere that keep security as a high priority.

Finally, virtual terminals lend themselves to online or phone-based businesses. 

These software applications act in the place of standard physical devices, allowing payment details to be securely entered by customers on a dedicated web page or, in the case of a telephone order, by you or one of your staff members. Credit card terminals have come a long way in just a few years. 

No longer simple “dumb” machines that take and transmit payment details, they are now able to interface with complex point of sale systems to provide a host of features that streamline employee, customer and inventory management as well as creating actionable reports that can be used to plan future marketing initiatives. Be careful in selecting the right smart terminal today, and your business will benefit from its scalability and feature set for years to come. Source

How Payment Choice Can Impact The Customer Experience

Many of us appreciate having choice about how we pay for goods and services. Maybe we like to put larger purchases on a credit card rather than a debit card. Or to use different payment methods for in-store purchases and online shopping. And perhaps we find eChecks handy for paying bills.

Offering your customers a range of ways to pay can have a positive impact on their shopping experience. Add in convenience and security, and you can be well on the way to building a loyal customer base and accelerating your growth.

Offer the payment types customers prefer

So, can offering different payment types make your customers happy to shop with you? Whether you sell online, in store, or both, you should try to offer the options that meet most customers' preferences. Your payment processing platform should allow you to accept:

• Debit and credit cards. Card payments are pretty much a must-have for both eCommerce and in-person payments. For in-person purchases, you'll probably want to offer customers the convenience of contactless card payments, too.
• Digital payments. Add more choice by enabling customers to pay using digital wallets like Apple Pay and PayPal.
• eChecks. Ideal for recurring transactions like bill payments and subscriptions, eChecks also offer faster processing and deposits than traditional paper checks.

 A smoother payment experience

As well as giving customers choice about how they pay, look for a payment processing platform with additional features that can positively impact the payment experience. In general, most people will choose options that require them to make the least amount of effort. This so-called 'principle of least effort' is widely applied to consumer behavior. So, it's worth considering ways to:

• Make things easier for returning customers. Make checkout faster and easier for returning customers by securely storing their payment information so customers don't have to re-enter their details every time they check out. 
• Simplify recurring billing. A great solution for subscription—and membership-based businesses—customers just set up their payment details once and are automatically charged at each billing cycle.
• Avoid the hassle of expired cards. Save customers the trouble of updating their stored details when they receive a new card. Use a service that automatically updates their card-on-file information to help avoid the friction and lost sales that can have a negative impact on the shopping experience. Source

 

8 Ways To Minimize Business Banking Fees

Use these savvy steps to reduce banking fees for your business;

Banking fees may seem like an unavoidable cost of running your business. However, with a bit of planning and a few smart moves, you may be able to minimize them. Use these eight tips to learn more about fees, choose the products that may be right for you, and understand strategies that can potentially help reduce the banking fees your business pays.

1. Get familiar with fees.

Different types of products have different types of fees associated with them. For example, credit card and merchant services may have application fees, annual fees, processing fees, late fees, and others. Bank products like checking, savings, and certificates of deposit (CDs) may have fees if your account balance falls below a minimum requirement or processes international transactions. Be sure to read the terms and conditions of any account you are considering (found on wellsfargo.com or provided in-branch) and speak with a banker before you open an account to ensure that the product is a good fit for your business’s needs.

2. Choose the right products.

One way to minimize fees is to choose a product that meets your business needs. Consider how you’ll be using the product: checking accounts may be best for transactions, while business savings accounts may be the best for keeping cash on hand. For example, ensure your business can easily meet minimum balance requirements; otherwise a low balance could trigger maintenance fees. If your business accepts international payments, check the fee requirements for such payments to ensure you choose the best fit for your business needs.

3. Link your bank accounts.

Another way to ensure one account doesn’t incur a low-balance fee is to link your business bank accounts, when the option is available. Let’s say a cash flow shortage means that your checking account fell below the minimum required balance to avoid a maintenance fee. If you’ve got a linked savings account, the balance in that account counts toward your minimum. So, as long as the total balance in both accounts meets the overall required minimum, you won’t be charged a maintenance fee for the account with the low balance.

4. Activate account alerts.

Account alerts1 through your mobile banking app can keep you informed of account activity. As you explore the features of the Wells Fargo app, enable push notifications so you can be informed if your balance is getting low and you’re at risk of fees or overdrawing your account, for example. Such alerts can also help keep your account safe by alerting you to transactions so you can note any suspicious activity. You may also choose to receive paperless statements to stay informed of your account activity. You’ll be notified by email whenever a new statement is ready.

5. Keep your account active.

If your business’s account doesn’t have any transactions for a certain period of time, an “inactivity” or “dormancy” fee may apply. Dormancy fee specifications may vary by state and institution. To avoid or minimize these fees, set up autopay for a small bill that you pay off every month or set a calendar alert to remind you to make a small deposit to or withdrawal from the account, especially if you don’t use it very often. Make sure your transactions meet any required minimums and that the account has enough funds to cover any payments you schedule.

6. Know your transaction limits.

Just as your account may incur fees for having too few transactions, you may find fees assessed if there are too many. Check the number of transactions each account allows per month, including types of transactions like deposits and withdrawals or wire transfers, and plan your financial activity accordingly to minimize fees.

7. Be aware of timing.

You might not think that the amount of time that you keep your money in an account matters. However, products like time accounts, which may also be called business certificates of deposit or CDs, may require you to keep your money deposited for a specified period of time. As a result, withdrawing funds too soon may trigger a fee. Be sure you know the required timeline for time accounts and when you’re able to make fee-free withdrawals.

8. Explore overdraft protection.

Sometimes mistakes happen, and a transaction may overdraw your business account. And overdrafts can be costly. Your business may incur fees if the payment clears, leaving you with a negative balance in your account. If a payment is declined, you may incur interest or late fees as well as possibly damaging relationships with vendors. Overdraft protection is activated if your account is overdrawn, allowing the check to clear, helping your business avoid transaction delays and overdraft fees. Source

What Is The Best Way To Accept Credit Card Payments?

With cash taking more of a back seat every day, even micro-companies are accepting the fact that they need to take credit and debit card payments in order to survive and appeal to the preferences of their customer base. But what is the most effective method out there to securely accept these types of payments? As you may have guessed, there is no cookie-cutter solution that works for every company, and there are several effective options that meet the varying needs of today’s websites and physical stores.

Traditional point of sale systems.

Most customers are familiar with the point of sale or POS device that reads their credit card and communicates with the processor to complete the purchase transaction. This can either be run on a “dumb” system that does nothing more than securely accept payments, or on a smart credit card terminal that interfaces with a more powerful software network that streamlines many other business functions such as inventory and employee management, customer relationships, and report generation. Most of these systems can also be configured to accept other types of payments, including via digital wallets, mobile phones, and ACH.

Mobile point of sale systems.

When a company conducts many of its purchases away from its physical location, or when it makes sense for sales associates to be able to process purchases throughout the sales floor, mobile payments via mobile POS systems are ideal. Today’s Tap to Pay on iPhone feature allows your staff to complete the transaction using an iPhone. With no additional hardware needed, the customer simply puts their mobile device or credit card near the salesperson’s phone. Thanks to near-frequency communication technology, the transaction will be securely processed within a matter of seconds.

Online payment gateways.

When people purchase goods and services over the internet, the need for security is stronger than ever. That’s because there is no way for the business owner or cashier to be able to see the person’s physical credit card.

In order to promote optimal security throughout the online purchase process, ecommerce companies usually opt to work with a payment gateway. This web application acts as an intermediary between the customer and merchant, helping to screen and facilitate a fast and efficient purchase. In order to interact with the gateway, a customer will be asked to enter their 16-digit credit card number, expiration date, and security code into the system. The application then connects with the cardholder’s bank to ensure that there are sufficient funds, also screening for any red flags that might signify a security breach. If all goes well, the payment is accepted, and the funds are moved from the customer’s account into the seller’s.

Peer-to-peer payment platforms.

Until January of 2022, many small businesses used peer-to-peer apps like Venmo and PayPal when taking customer payments. These apps connect directly to a buyer’s bank account or credit card, withdrawing the specified amount and transferring it to the merchant quickly and efficiently. Since then, however, a change in the tax code now requires that companies report any transactions over $600 received via those apps and pay the required taxes. As a result, this method has lost some of its luster with many small businesses and their customers.

Virtual terminals.

If a company takes phone or mail order purchases, one of the best ways to enter card information is via what is known as a virtual terminal. This simply means that the customer would verbally tell you their payment data over the phone or provide it in writing on a catalog order. You or your staff would manually input the information into your POS terminal or online virtual payments interface.

No matter which solution you decide to incorporate into your business, it is crucial that you work with a reputable payment processing company that provides updated security and is in compliance with the Payment Card Industry Data Security Standard (PCI DSS), a set of requirements set forth by the industry to protect cardholders. Additionally, you should keep data security as your highest priority by instituting robust authentication and anti-fraud measures both on your website and In your physical store. Once these options and protocols are in place, you can look forward to a customized payment experience that protects each customer and takes their individual needs and preferences into consideration. Source

Issuer Processors: The Backbone of Digital Payment Processing

An issuer processor is another name for a payment processor or merchant processor. Issuer processors are essential components of the payment cycle. They allow credit card transactions, which are crucial for companies that want to accept digital payments. An issuer processor is a vendor service that allows merchants to accept online payments by managing the logistics of credit and debit card transactions.

Issuer processors offer critical benefits to both merchants and cardholders. For cardholders, issuer processors make it easier to make payments securely online and allow them to use their credit and debit cards at more locations than they would have been able to use them before.

Additionally, issuer processors help merchants reduce costs and increase sales. Suppose merchants want to accept credit and debit card payments from customers. In that case, they must use an issuer processor or another similar solution to keep up with the current payment landscape.

Alternatively, to issuer processors, merchants can use payment facilitators to accept debit and credit card payments: payment facilitators are required to underwrite and onboard sub-merchants and give them the tools they need to process an online payment. A sub-merchant is similar to a merchant. They act as the payment facilitator’s customers and use the payment facilitator to accept online payments from their customers.

Merchants also have the choice of getting a merchant account. The account allows businesses to process credit and debit card transactions directly. Still, it can be challenging for businesses to get a merchant account, especially if they are new businesses with little track record.

 How Does an Issuer Processor Work?

An issuer processor is critical to the credit and debit card payment process. It works completely unnoticed in the background of the payment cycle to ensure that payments go from a customer’s bank account to a business’s bank account.

As soon as a customer makes a purchase with a card, the merchant submits the transaction to the issuer processor so that the issuer processor can help get the payment approved. While end customers don’t have visibility into the full process, a lot goes on to ensure that the funds are moved securely and efficiently from the customer’s account to the business’s account. Here’s what that process looks like in more detail:

1.) Customers must give their card information to the merchant (the business they are buying a product or service from). This can occur through a card-present scenario (via a payment terminal in-store) or a card-not-present scenario (via cloud software online).

2.) The customer’s payment information is sent to a payment gateway, which securely sends the transaction data to the issuer processor.

3.) A card network (such as Visa or Mastercard) will let the issuer processor know whether the payment has been approved. Before approving the payment, the card network needs to authorize that it is not fraudulent and ensure that the customer has enough money in their account to cover the transaction.

4.) Once the payment is approved, the issuer processor will contact the bank that issued the customer’s card (also known as the issuer or issuing bank) to finalize the transaction and officially facilitate the funds’ transfer.

5.) After this, the card network can transfer the funds to the merchant’s (acquiring) bank.

6.) The acquiring bank can finally deposit the funds into the merchant’s account, and the transaction is complete. Source

 

Why is Payment Processing Important?

Without payment processing, most businesses wouldn’t be able to function (the exception being cash-only businesses, which are rare these days!). According to Statista, credit cards were the most common form of payment made at POS systems in the U.S. in 2023, followed by debit cards. What’s interesting to note is that mobile wallet payments surpassed cash as the third most common form of POS system payments, and they’re predicted to overcome debit card payments by 2027.

As the way customers pay continues to evolve with technology, payment processing platforms will be more essential for businesses.

Payment processors enable companies to accept a range of payment types, which not only creates a better customer experience but also helps maintain the business's cash flow. Plus, having a reliable payment processor keeps your payment process efficient and seamless, so you don’t have to worry about payment issues for either you or your customers. Source

 

Payment Processing Best Practices

Payment processors may freeze your account if they suspect customer or merchant fraud. This can happen if your business experiences a high volume of chargebacks or the processor flags unusual activity, like a large transaction amount or payment details that don’t add up. While small businesses can’t avoid fraud altogether, they can implement practices to minimize the risk of having their accounts frozen. 

Here are some best practices to follow when working with a payment processor.;

Keep chargebacks to a minimum. You may be able to reduce chargebacks by establishing clear return policies, offering responsive customer support and providing clear information about when items are shipped and delivered.

Don’t process a transaction larger than your limit. If your processor places a limit on how much you can process in one transaction, don’t try to process a larger amount. If your business will be regularly processing more than your transaction limit, talk with your processor about increasing your limit.

Notify your processor in advance of large transactions. Letting your payment processor know in advance that you’ll be processing a transaction that’s larger than your usual amount gives it time to ask questions and verify information. 

Know how to contact your payment processor directly. Prompt communication is key to getting an account freeze resolved. The processor might not be able to give you a full explanation of what it's looking at to ensure it can carry out an investigation, but it should be able to tell you why your account has been frozen and what you can do to assist the investigation. If your processor requests information or documentation relating to specific transactions, provide it as quickly and transparently as possible.

Have a backup way to accept payments. Be prepared to accept other payment methods, like cash or check, if your account gets frozen. Payment processors generally stipulate in their contracts that they can freeze accounts and investigate merchant activity for up to 120 days. If you don’t have a savings fund to fall back on, consider reaching out to your accountant or financial advisor, the U.S. Small Business Administration, a local Small Business Development Center or a SCORE business mentor to help address your financial concerns and find assistance in the meantime. Source

How Accepting Credit Card Payments Can Increase Your Sales And Improve Customer Satisfaction.

Virtually every business owner has come to the realization that, like mobile phones and the internet that supports them, credit cards are here to stay. If you are still on the fence about whether accepting these electronic payment methods is the right choice for your company, take a few minutes to learn how doing so can pad your profits and delight your customers.

Cash in with cashless customers.

Increasingly, carrying significant amounts of bills and coins is becoming a thing of the past. For businesses that only take physical currency, a greater number of customers each year will walk away without making a purchase because they are only carrying their cell phone and a credit card or two. As soon as you join your competitors in taking plastic, you too will be able to benefit from these patrons’ purchases, often for bigger-ticket items.

Turn sales from one-time transactions into the start of a relationship.

When someone buys items with cash, the money is exchanged for a receipt, and the person goes on their way. They might even forget your business entirely. As for you the merchant, you have information about how much was spent and when, and that’s all.

By contrast, when you take credit cards and use a point of sale device that includes a database function, you can also keep track of the personalized details pertaining to the individual making the purchase. Plug them into the POS’s customer management tools, and you have all the data you need to make them the first member of your new loyalty program.

Streamline returns and exchanges.

Another credit card benefit that both you and your customers will appreciate is that the purchase information appears on the shopper’s credit card statement. Should there be any concerns or disputes related to the product, all parties can readily retrieve everything necessary to resolve the situation.

Benefit from impulse buying;

How many times have you noticed a product in a store, looked at the price and knew that you could not buy it because you didn’t have enough cash in your wallet? Perhaps you walked away, but maybe you instead chose to make this spontaneous purchase with a credit or debit card. Had the business accepted only cash, you would have lost out on the item, and they would have failed to get the profits.

Credit cards allow consumers to — technically — buy now and pay later. While this behavior once only occurred when people made major, high-value purchases, it is happening today on even low-priced items. As a business owner, you know better than anyone that micro-buys might seem insignificant on their own, but they add up over time in big ways.

Making the move to accept electronic payments doesn’t mean you can no longer accept cash or checks from anyone who prefers those payment methods. What it does do is to open your retail operation to an entirely new stream of customers. In addition, it facilitates the personalized, streamlined purchase experience that today’s shoppers demand. Source

How To Apply For And Get A Business Credit Card

Applying for a business credit card is simple but requires diligent research and preparation, like any financial decision. Before you apply, be sure to do the following:

1. Determine Your Eligibility

All types of business structures can apply for a business credit card. That includes:

• sole proprietorships or freelance work
• partnerships
• limited liability companies
• corporations

The size, age or nature of your company doesn’t matter for business card eligibility. You can apply for a business credit card even if you founded your company last week. As long as you intend to make a profit from selling goods or services, you have a business. So don’t count yourself out if you’re a part-time freelancer or an eBay seller—these are legitimate businesses.

The first step in applying for a business credit card is determining which cards you have a realistic chance of qualifying for. Generally speaking, a credit card issuer will evaluate your personal credit history to determine whether your business qualifies for a credit card. That means it’s important to maintain healthy spending habits and regular payments on your existing personal accounts to maintain a strong credit score and improve your chances of getting a business card.

Major business assets and revenue can also help your odds of approval as well as qualify your business for a higher credit limit. But if your business is new, the approval decision will depend almost entirely on your personal credit history.

2. Gather Required Information

A business credit card application will usually ask for information such as:

• Business name
• Business address
• Annual business revenue
• Number of employees
• Estimated monthly spending on the credit card
• Employer Identification Number (EIN) and/or owner’s Social Security number
• Business structure
• Business description

Note that if your business doesn’t have an EIN, you can submit your SSN in its place.

Most business card applications will also require the owner’s personal information since the owner will be expected to give a personal guarantee. The credit card issuer may have follow-up questions about the business during the application process. Be honest and provide any documentation requested. Even if your new business’ current income is low or nonexistent, it’s better to disclose this. Be ready to discuss your business and plans for its growth.

It may help to seek out business credit cards offered by banks you already have a relationship with—this can make the application process more comfortable, efficient and successful.

How To Get a Business Credit Card With Bad Personal Credit

Since business card approval usually hinges on your personal credit history, getting a business credit with a less-than-stellar personal credit report can be challenging. Your options will likely be limited to secured business credit cards requiring a security deposit.

How To Get Approved for a Business Credit Card

There’s no way to guarantee approval on any credit card application, but there are some things you can do before applying that should increase your chances of success:

• Avoid maxing out any personal or business cards you already have.
• Apply for new credit sparingly to minimize hard inquiries on your reports.
• Identify the correct business structure to list—for example, if you sell handicrafts on Etsy or write freelance articles online, you might be operating as a sole proprietor.

Responding to a credit card pre-approval offer may also improve your odds. The card issuer will check your credit once you submit a business card application online. After the credit check is complete, cardholders deemed creditworthy by the lender may see an approval.

How Do Business Credit Cards Work?

Credit cards for businesses can be similar to personal credit cards in terms of perks and reward structures, but many offer higher spending limits and improved reward earnings for business-specific categories such as office supplies, advertising and shipping expenses. Business credit cards also provide business-focused features such as tools to help track spending across various categories or by employee cardholders. With most business cards, expense information is available for download to your business accounting software, making record-keeping easier.

Your business doesn’t need an employer identification number (EIN) to apply for a business credit card. The owner’s SSN will usually be required in the application process. In most cases, the owner is expected to provide a personal guarantee for the business credit card so their personal credit history is used to determine business creditworthiness.

However, if your business has an EIN, it’s beneficial to provide it in addition to the owner’s SSN when applying for a business card as the EIN identifies the business to commercial credit bureaus and helps to establish business credit history.

Business credit cards are useful for establishing, growing and sustaining a business. Here’s what business owners need to know:

• All business structures are eligible for a business credit card, including sole proprietors, limited partnerships and corporations.
• In almost all cases, the owner’s SSN is required in the application process since the owner must provide a personal guarantee for the business credit card.
• Business card benefits include better record-keeping for tax purposes, short-term access to funds and a separate business credit history.

Learn more on business credit cards here...