You’re probably aware that you have to spend money to make money. The good thing about a freelance business is you can start with a pretty bare business budget and still see results. You can build a solid foundation without spending hundreds or thousands of dollars on bells and whistles. Here are important (and relatively […]
When you head to the cash register for a purchase under $10, do you reach for plastic to pay? According to a recent survey, nearly half of Americans prefer to pay with cash for low dollar transactions. While Greenbacks are a popular way to pay for many people, paying cash is rarely the best option. […]
Accepting online payments can be a great way to help you expand your business and make it easier for your customers to give you money. On the other hand, it seems as though every other day we hear about a data breach. And, even though many of these breaches aren’t online breaches, it can reduce […]
A business owner’s pride and joy is payday. While income can fluctuate when you work for yourself, it’s best to make the payment process run as smoothly as possible. When I first became self-employed, I used Paypal to send invoices and get paid. It was free to use and I only had to pay a […]
Everyone wants to avoid ATM fees. Sometimes going to an ATM can feel like highway robbery! Between fees charged by your bank and fees charged by the ATM owner, you could find yourself paying $6 or more just to get cash from your own bank account. If you ask me, that is something you should […]
If you hope to be competitive in the current marketplace, you have no choice but to start accepting credit card payments. However, many small businesses aren’t as prepared as they ought to be in order to manage this function. Is that your situation? Not only do credit card transactions cost you money, but they can […]
As a business owner or freelancer, you’re probably aware of the fact that getting paid isn’t a straightforward profit. In fact, if you want to get paid fast and accept credit cards and many online payments, fees will cut into your earnings. The good news, though, is that saving money on payment fees doesn’t need […]
Money preferences have shifted over time, and while cash is still the preferred way to handle a wide range of transactions, money transfer apps and digital wallets are quickly rising in popularity. In a recent survey, 77 percent of respondents had used bank transfer apps and 69 percent have tried money transfer apps, according to […]
A freelancer’s passion is to help people in some way whether you’re offering writing, design, or another service. Being a little too helpful can cause us to not set proper boundaries with our clients. Beware — unclear boundaries and doing favors don’t help your bottom line. Rush work is a specific area where you need […]
Almost every American adult is familiar with the obligatory squiggle of your name to complete a transaction. But how secure are those signatures in helping us avoid fraudulent transactions and purchases? Not very. Putting aside all of the hassles of writing your name with a dead pen, getting something that looks somewhat like your name […]
This is an exciting, yet challenging time, to be participating in the payments industry, a business segment that encompasses a growing diverse set of companies, business models, tools and systems. This includes a wide range of ePayments, including eChecks and eCash, as well as credit and debit cards, mobile payments, smart card technology, digital wallets and cryptocurrencies like Bitcoin.
The payments industry is rapidly changing and, with the evolution, comes numerous opportunities for freelancers, small business owners, large companies and consumers to completely alter how they view the payments they make and the types of transactions they do on a daily bases. In addition to these new ways of paying for goods and services, including new Internet currencies, there is more opportunity to do business all over the world and in ways that ensure privacy and even anonymity. The changes are so disruptive in the financial space that the banking industry is starting to take notice and join in on technological development, feeling threatened that a decentralized financial system may replace them altogether.
This means that more businesses will be able to increase the number of payment methods they accept without costing them more money, which then translates into the ability to attract more customers that may prefer to pay a certain way offline or online. The further connectivity in payments also means the ability to get paid more quickly, changing the cash flow of a business forever. New technology also helps reassure customers to know it is safe doing business with you because you have the latest FinTech solutions in use.
However, there are still many issues related to compliance, standardization, and cost to examine. Many small business owners may still be unsure of using a whole new currency system like cryptocurrency. That's why, as a company committed to helping customers make better business decisions, especially when it comes to money and financial strategies, we have developed a blog category dedicated to all subjects about payments.
Our article database on payments offers a wealth of subjects and issues related to the payments industry and the impact it may or may not have on your business. The topics include mobile payment trends and how user behavior might be used for payment authentication; how to streamline business finances with ePayments; how to get clients to pay; the benefits of an invoice managing system; how to create a payment schedule; how blockchain technology stops payment scams; how to set up an ePayments system and its advantages for freelancers; and the future of the payments industry. Other topics focus on security and fraud, transaction costs, cash flow and invoicing problems.
Numerous articles are focused on tips and actions that can be easily implemented into your freelance or small business without breaking the budget or having to rely on a huge team to manage the process. As a team who has founded numerous companies and works with other businesses and individuals to process payments, we understand that the information we provide needs to be focused on critical issues you need assistance with because you lack the knowledge or expertise in those areas to make the most informed business decision possible.