Posts Tagged ‘Payments’
How Digital Payment Solutions Can Streamline Mortgage Payments for Borrowers
The mortgage industry has long relied on traditional payment methods such as checks and Automated Clearing House (ACH) transfers for loan repayment. However, these conventional approaches are increasingly proving to be inefficient. They are also slow and burdensome for both borrowers and lenders. As a result, the industry is shifting towards a more modern and…
Read MoreThe Role of Cryptocurrencies in Reducing Business Transaction Fees
Transaction fees are among the recurring expenses that many business owners have to deal with, especially if they’re running a store that accepts cashless payment methods such as credit and debit cards or digital wallets. While seemingly negligible at first glance, these fees can quickly pile up over time as they are deducted from each…
Read MoreStrategies for Small Businesses to Overcome Late Payments
Cash flow is a crucial metric for small business owners — running out of capital is the number one reason why startups fail, according to data from CB Insights. Late payments from clients can interrupt your cash flow and threaten your business’s stability and growth potential. Plus, chasing down unpaid invoices drains your time and…
Read More4 Types of POS Systems for Businesses
All businesses, small, large, retail, or restaurant, need an efficient and reliable point-of-sale (POS) system to process transactions. Businesses traditionally used cash registers to record sales and accept payments, but with rapid advancements in technology, they now have a variety of POS systems to choose from. Business owners and managers may struggle to choose the ideal…
Read MoreHow Integrated Payment Solutions Strengthen Small Salon Operations
When you run a small salon, balancing the books can feel like juggling scissors. It’s critical, and a slip-up could be costly. Thankfully, integrated payment solutions are an exceptional wingman if you’re aiming to take on your operational efficiency woes, and win. These systems set out to cut down on paperwork, slice through transaction times…
Read MorePayment Systems You Can Use at Your Retail Store
Starting, running, and growing a small business can be an exciting adventure, but the sheer variety of choices you must make can sometimes feel overwhelming. One crucial decision you’ll need to make is which payment systems to employ in your retail store. With the rapid advancement of technology, there’s no shortage of options to choose…
Read More4 Ways You Can Enhance Your Procure-to-Pay Process
For business owners, the procure-to-pay (P2P) process plays a crucial role in ensuring smooth and efficient operations. From sourcing and procurement to invoice processing and payment, this end-to-end process is vital for organizations to effectively manage their supply chain and control costs. Pexels The P2P process involves multiple steps, starting with identifying the need for…
Read MoreGetting Payments From Social Platforms: Pros and Cons
Staple everyday sites such as Facebook, YouTube and Instagram have evolved significantly bringing with them a plethora of ideas, information, concepts and advertisements. The modern practical applications of social media have brought people closer together, and enabled businesses to promote their products and services on a global stage. One other significant social media development that…
Read More7 Common Types of Checks: What They Are and How to Spot Them
While there are many different types of checks, seven are the most common. These include personal checks, official checks, tax refund checks, cashier’s checks, insurance checks, commercial checks, certified checks, money orders, and traveler’s checks. Each type of check has its unique purposes and features. In this post, we’ll run through seven different types of…
Read More4 Reasons Your Small Business Needs a Payment Gateway
Photo Courtesy of Pixabay.com In the modern digital age, fewer people choose to carry cash to make purchases. Over half of consumers claim to only carry cash about half the time and they rarely have over $50 in their wallets. Most people rely on credit or debit cards to make purchases. As a business owner,…
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