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CBD Business Trends and Why a Merchant Processor in the Space is Important for Success

CBD Business Trends and Why a Merchant Processor in the Space is Important for Success

Payment Processing, Trends, What's Hot
CBD business trends have fared well; however, there is still room for improvement. We have researched the recent trends, and have provided a go-to list below. Merchant Processors and their importance The greatest point of influence in a business is the process of adopting a merchant processor. First, merchant processors allow payments using debit and credit cards, which is among the top payment methods used by CBD merchants. This will keep existing clients and attract new ones, while also offering a wide range of payment methods to select from, including bank transactions and prepaid cards. A merchant processor will enhance a business’s growth because it allows for detailed and efficient transactions with fraud control measures put in place for the security of the business. O...
Online Billing Options for Small Businesses that are Converting from Paper Money

Online Billing Options for Small Businesses that are Converting from Paper Money

Breaking News, Business Solutions, E-Commerce, Payment Processing, Tech, Trends
A lot of entrepreneurs have shifted from paper to online billing, however; there are still several small-scale business owners who are wallowing in the paper method. This method is relatively costly and consumes more time and effort compared to online-based billing. Manual paper operations take a little bit longer, while online billing is instant by clicking a button. We have compiled a list to smooth out your transition from paper to online billing. Wave This is an online software for preparing accounts and invoices for entrepreneurs. Wave's most outstanding feature is that you will not be required to pay high fees for the services therein. It offers services in full bounty, ranging from payroll preparation, invoicing, billing and many more. As an added bonus you will not be re...
Options for setting up accounting for small businesses

Options for setting up accounting for small businesses

Business Solutions, Payment Processing, Trends
Accounting is a significant business unit, whether operating on a large scale or a small scale. With that said, most small-scale business owners do not give it much thought, which may eventually cause the business to crumble. The right merchant processor makes all the difference and will help your business succeed. Accounting is a broad topic that requires you to understand different issues such as taxes, billing, and other financial information. We have discussed various alternatives to guide you as you operate and strategize your business's best accounting method. Accrual Basis Accounting In accrual accounting, money earned and money spent within the business operations is recorded instantly. Goods or services sold on credit are also noted, even when payment is expected later....
Tips for Saving Money When Reopening Your Business after Covid

Tips for Saving Money When Reopening Your Business after Covid

Breaking News, Business Solutions, E-Commerce, How-To, Tech, Trends, What's Hot
Due to Covid-19, many businesses have been operating remotely. As life slowly moves back to normal, however; several businesses are reopening, and others are in the process of doing so. As business owners adapt to the “new normal,” there is a lot they need to take into financial consideration since these are more extraordinary times that require additional measures. To avoid spending extravagantly, it’s important that business owners revisit their business plans to determine what can be omitted to avoid unnecessary spending. Cut on non-essential subscriptions Times have been good before, and many businesses had services and subscriptions to make the working environment more manageable. Most of these extras are not necessities, and because employees can work without them ...
Top Cash Discount Programs for Reopening Businesses after COVID-19

Top Cash Discount Programs for Reopening Businesses after COVID-19

Breaking News, How-To, Trends, What's Hot
A cash discount program is a service offered to clients by businesses that allow trade by cash, where a discount is provided on the set price of a commodity. It is meant to encourage cash transactions over credit and debit cards. Bouncing back to business after COVID-19 would require cash discount programs, as people in the industry aim to maximize profits. It will also help to reduce costs by evading the fees charged in processing credit and debit cards. Besides, chargebacks that affect businesses negatively can be avoided by employing Cash Discount Programs. We will discuss various ways that traders can utilize to actualize the cash discount process. Trade Discounts This discount is offered to intermediaries who purchase goods in cash. It is meant to promote their loya...
Top CBD Merchant Payment Processing Solutions

Top CBD Merchant Payment Processing Solutions

Business Solutions, Payment Processing, Trends, What's Hot
It is essential that as a CBD merchant, you find a payment processor that has a responsive support system and is designed to operate risky transactions with low transaction fees. As you’ll see below, we’ve studied some of the top ranked payment processors in the CBD industry. Easy Pay Direct Easy Pay Direct was developed in 2000 and stands out as one of the best payment processors. It has been designed to cater to both risky business and those with minimal risks. Clients who use Easy Pay Direct are encouraged to have bank accounts or credit card accounts, as Easy Pay facilitates simple transactions using an online shopping feature. As an added bonus, payments at Easy Pay Direct can be made straight to mobile phones and their customer care team responds to queries around ...
Avoiding Mistakes When Implementing a New POS System

Avoiding Mistakes When Implementing a New POS System

Breaking News, Business Solutions, How-To, Payment Processing, Tech, Trends
A point of sale system has made it easier for merchants and businesses to sell their products and services conveniently to their clients. Whether you have a retail store or small business, your POS system will help you manage your operations and get more sales. You can also use your POS system to leverage eCommerce features like ordering online. POS system problems occur if you install your POS system incorrectly, if your employees lack POS training, or if you don’t have a clear understanding about what type of POS you need. However, many POS system mistakes are avoidable if you choose and implement your POS system properly.  Mistakes to avoid when implementing a new POS system Picking the wrong POS Oftentimes, businesses do not take their time to select the right POS sys...
Top POS Systems for the Restaurant Industry

Top POS Systems for the Restaurant Industry

Breaking News, Payment Processing, Tech, Trends, What's Hot
The top POS systems in the restaurant industry do more than accept and process sales payments. They make it easier to run and manage your business with features that help you connect with your customers and analyze sales data. The POS system features also help you track inventory, manage employees, and analyze data. These systems also have integrations for loyalty programs and email marketing that save you time and streamline processes. Below are some of the top POS systems for the restaurant industry. Touch Bistro Touch Bistro is an affordable POS system that focuses on the restaurant owner's needs and has reservations, table and delivery management features. It suits all kinds of food establishments including casual eateries, fine dining, pubs, food trucks and cafes. It ha...
Avoiding Mistakes When Billing Clients Not in the Office

Avoiding Mistakes When Billing Clients Not in the Office

Business Solutions, How-To, Payment Processing, Tech, Trends
Finance is the main component for maintaining a business that is run smoothly. Many businesses, whether new or established, struggle with billing or invoicing. A business owner may assume that invoicing is simple, straightforward, and may not require full attention, however; this is untrue since billing and invoicing clients properly is a major part of the job. It’s also vital for a business owner to avoid common mistakes or errors while billing or invoicing their clients. Below are some of the mistakes to avoid when billing clients out of the office. Invoicing the wrong person Invoicing the wrong person is one major mistake you should avoid when billing a customer as it leads to problems, delays, complicates the process and looks unprofessional. A business owner needs to make s...
Best Practices for Billing Clients Not in the Office

Best Practices for Billing Clients Not in the Office

Business Solutions, How-To, Payment Processing, Tech, Trends, What's Hot
Establishing best practices for billing clients is a critical component for enhancing positive cash flow and keeping the business running smoothly. With that said, it’s critical that a business has an established invoice system that sends and creates bills efficiently. Implementing best practices for billing clients when not in the office will save you time and money. It also helps generate more revenue in the business. Below are some of the best practices for billing clients outside the office. Set your terms Before working with a client, you should both agree on a set of terms. This is an initial step toward good customer relations, helps to avoid any friction, and increases the chances of getting paid on time. The set terms should clearly state when the project should be comp...