The Benefits of Split Payments

The Benefits of Split Payments

Apr 26, 2017

When your customers shop online they expect to be able to pay with any form of payment they chose, and without much hassle. If you configure payment processing to accept split payments, you can accept more than one credit card without much of an additional cost to you. You close the transaction, the customer gets to pay with the payment methods he or she prefers, and you’ll save cash on each transaction with the right payment processor. Speedy Checkouts The customer will appreciate that split payments are speedy, especially if you allow him or her the option to save payment methods to an account. If you allow customers to create an account, and save their cards for transactions, then credit card processors will be quick and efficient. Plus, the account is password protected, so the information is secure as long as the customer chooses a strong password. Closing the Deal Customers who can’t afford to put the costs of a big ticket item all on one card will close transactions if they are allowed to split a remaining balance on another account. Retail outlets don’t run into this problem because their credit card readers typically allow for split payments. This is also beneficial for customers who want to place orders for a friend, or under a business account. Allowing multiple forms of payment works with the customer’s wishes. Saving If you choose the right payment processor, you’ll save money on the transactions you split payment methods for. Avoid flat fee processors and you’ll usually save. That’s because flat fee payments will charge you the same rate, even if the bank charges a lower rate to use a particular payment method. Money transfers are a good example, where the cost of a transfer on an interchange plan will usually be reduced. Bio: Charge.com offers free credit card processors and software, so you can accept credit cards online quickly and...

3 Personal finance tips for small-business owners

3 Personal finance tips for small-business owners

Apr 3, 2017

Article Written by : Simply Credit Help If you are a small business owner, you will be accustomed to taking risks. However, your business is often your biggest asset and your main income stream. Therefore, making sure you and your business are financially secure is vital. Here are three tips for small-business owners. Establish an emergency fund – Business fluctuates. Sometimes your business will do better than other times. Therefore, creating an emergency fund to cover the months when your income is low is a good way to ensure that you can meet your monthly expenses. Look at placing your emergency fund in a money marketing account, as they will give you a higher return than other traditional savings accounts. Diversify – If you are a business owner that invests all your funds back into your business, you may want to rethink your strategy. Although investing in your business is a good idea, you should set limits to stop you from concentrating your assets in one area. Look at also investing outside your business, your industry, and your sector. This way if something happens to your business, you will still have investments elsewhere to keep you financially secure. Customize your investments – Speak to a professional to help you invest to make the most return on your investments. Investment professionals should guide you about the right time horizons, evaluate your risks and weigh your options to give you the best possible...

How to use your time wisely to prioritize your goals?

How to use your time wisely to prioritize your goals?

Mar 1, 2017

Article Written by : Debt Declaration Many people have a long list of goals, but find it hard to reach these goals as they lack productivity. Here are some tips that will help you prioritize your goals and use your time wisely. Write everything down – List down the routine daily tasks that you have to handle plus the longer term projects assigned to you. Avoid only concentrating on tasks that are assigned by others. Organize by time horizon – Do this by dividing your list into three-time categories: Career aims – These are long term goals that are as long as five Objectives – These are your professional goals that span between three months to two years. Targets – Create action steps to add to guide you through your day. Rank your objectives – Look at what you want to do and what is best for you. Avoid considering what other people expect of you as these needs will be distinctively different from your needs. Rank your targets – Your targets are your action steps. They fall into two categories; these are enabling targets, which are targets assigned by you and assigned targets, which are those that have directed to you by others. Estimate how you spend your time –Once you have ranked your objectives and targets, assign them with specific timelines and how often you intend to work on them during the day or...

5 Reasons Your Employer Should Give You Free Lunch Everyday

5 Reasons Your Employer Should Give You Free Lunch Everyday

Feb 5, 2017

Article Written by : Financial Haze A new trend has emerged where companies are offering their staff free healthy lunches. There are many benefits for the employer as well as the employee by offering this benefit. Here are five reasons why employers are offering free lunches to their employees. Increased employee morale – Employers have noticed that by offering free lunches their employees, morale has soared. The free meals caused an increase in productivity that outweighs the cost of this benefit. You could also stand out from your competitors as an employer of choice because most job seekers will choose your company over a competitor who does not offer this benefit. Stronger connections between employees – When different departments and grades of employees sit together they have stronger connections with each other. This helps employees to interact better with other staff members from different departments. Increased productivity – Employees will not have to head out of the office to get their lunch and will, therefore, have more time at the office. Offices that offer healthy meals have also noticed an increase in employee activity and concentration, after offering this benefit. Healthier workforce – Healthy employees will cost the company less as they take less leave, are more productive and cost less regarding health insurance. Tax benefits – Most companies will be able to deduct their yearly spend on this benefit when they settle their taxes. Although there are requirements if an employer offers lunch, snacks and drink they can deduct these costs from their income tax....

Should You Accept Digital Wallets?

Should You Accept Digital Wallets?

Jan 30, 2017

In order to determine whether accepting digital wallets is right for your business, you should consider a few elements that are likely to impact your business. First, you should consider the adoption rates for these wallets. Next, you should consider the benefits of doing so. Only then can you make an informed decision. Adoption Rates There’s an interesting back and forth at play when it comes to adoption rates of digital wallets. Some customers are apprehensive because merchants are apprehensive, and merchants are apprehensive because their customer base is as well. However, recent regulations have shifted the burden of fraud onto the merchant. This has changed the POS dramatically, and means more terminals are likely to accept digital wallets. That’s driving adoption of this technology in new ways. If you’re getting into business, or looking to upgrade, it’s likely you’re looking at terminals that accept these new payment forms. Benefits Mobile wallets take the burden of fraud prevention off the business owner’s shoulders, and some provide handy loyalty programs as well. The bottom line is that these wallets make it easier to spend money at a particular business, or on a particular product. Gamifying shopping will unlock coupons and exclusive deals for customers, and could be a major draw for big box retailers in the coming years. The bottom line is that accepting digital wallets goes beyond offering multiple forms of payment to your customer base. It helps build customer loyalty and can be part of a broader marketing strategy. Charge.com provides small businesses with industry-leading merchant services, affordable rates, and the most efficient method to process payments...