Even before the spread of COVID wreaked global havoc, cash was a dirty business. Literally dirty. And the physical dirtiness of cash in the time of COVID has resurrected and accelerated the debate around going cashless. Most customers already prefer to use a card or other non-cash payment method, and some industries have already gone cashless. Is it time to transition to a cashless business model? Read on to find out.
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Small businesses hurt financially by COVID-19 can no longer take advantage of one federal aid program intended to dish out emergency cash, as billions in funding has run dry. The Economic Injury Disaster Loan (EIDL) Advance program — which delivered this source of quick income for business — has stopped accepting new applicants, the Small Business Administration (SBA) announced in a weekend press release.
A wider range of small businesses and digital creators will now be able to sell on Instagram thanks to some new and looser commerce eligibility requirements that went into effect July 9th. Chief among the new requirements: Businesses will need to provide a website where they own and sell “at least one eligible product” in order to use shopping tags on Instagram.
Fintech — a term that stems from “financial technology” — has played a key role in the years after the 2008 recession by offering small businesses alternative lending platforms to the traditional banking system. During the current time of crisis, many fintechs pivoted quickly to shovel out billions in PPP funds. Like almost everything else associated with the PPP, fintechs have been far from perfect over the past few months. However, these forward-facing firms have still helped fill a gap left by the bigger banks.
In March 2020, the Treasury Department and Internal Revenue Service put into place a three-month tax deferral as a result of the economic impact of the Coronavirus pandemic. The extension provided individuals and small businesses extra time to get their finances in order without interest or penalties. The new tax deadline of July 15 is rapidly approaching. Do you have all the information you need to file on time?
Looking for new software, hardware, or services to help your business run better? We’ve collected the best small business Black Friday deals, offers, and savings.
Merchant Maverick has come a long way since July of 2009. Back then I was afraid. I was afraid that my idea would fail. I was afraid that I’d run up my credit cards and that I’d go broke. I thought I’d have to sleep in my car, and would eventually be homeless. Fear is […]
For the first five years of running this business I felt like a fraud. It was as if I was working on a pet project which happened to last a little longer than I expected it to. But year six has changed everything. I feel like Merchant Maverick is officially…well…official, and I’m extremely proud to say it. […]
eBay is almost single-handedly responsible for championing PayPal (see our review) and transforming it into the world’s premier online payments option. The online auction marketplace scooped up the fledgling company back in 2002, and after more than a decade together, they’re ready to call it quits. Later this year, PayPal will spin off from eBay and become […]
It’s unreal to me that Merchant Maverick has been around for what is now a half a decade. Our continued progress is due in large part to our readers (YOU) who have helped us improve our process throughout these past five years. We cannot thank you enough for spreading the word about our site and […]