Blog Posts | Page 40

Closing a merchant account is never a simple process. Providers such as Worldpay go out of their way to make it as difficult as possible in the hopes of discouraging you from terminating your business relationship with them. We’ve laid out the specific steps that you’ll need to follow to do so successfully.

Instead of wasting time, energy, and office supplies sending out invoices and cashing checks, consider an online invoice payment solution. Sending invoices and accepting payments online is beneficial to you and your customers. And the best part? You can get paid faster — so why not give it a shot?

Automation of HR is fairly new, but the benefits for small businesses are immense: Where a small business was priced-out of running enterprise-level HR services, now the market is booming. Ultimately, HR is about hiring the best people, growing the best people, and retaining the best people for your company’s growth.

Selling a business can be a lot more complicated than it might seem at first glance. In this post, we’ll dig into the hows and what-ifs you’ll want to explore before, during, and through the transitional phases. Understanding the basics and planning can help you avoid falling into some of the common pitfalls that may spring up during the process of a business sale.

Computers, IT equipment, and related items pose unique issues for businesses trying to decide whether to lease or buy. Tech equipment becomes obsolete more quickly than almost any other type of equipment, making it a poor long-term investment. At the same time, many businesses need to keep their tech hardware up-to-date in order to remain competitive. Should you buy or lease your tech equipment? Read on.

HR, as a department within your business, is the branch of operations that is responsible for managing a company’s human resources (or human capital; or employees). Wondering whether a Human Resources Manager, a full Human Resources Department, or an outsourced service is the best fit for your business? We can help you decide.

Whether you are aware of it or not, you use ACH to make payments every day. In fact, even when a payment is not called an ACH transaction, a portion of that process might still pass through the ACH network. This is because ACH payments form the backbone of money transfers between US banks.

Chargebacks happen to every merchant. In fact, you probably won’t be able to eliminate all chargebacks as long as you keep accepting credit cards. The best you can do is to contain them and reduce them to a small number. What is left is just a part of the cost of doing business.

Financing allows those who are wavering on a purchase because of the price to buy from you right away and then pay for the goods/services in installments in the future. This way, you don’t lose a sale to sticker shock. This is called customer financing or, sometimes, consumer financing. Broadly speaking, you can provide customer financing yourself, or you can use a third-party financing specialist. As to how to do either, along with their pluses and minuses, read on to find out.

If you’re wondering how business loans work, you are probably in the early stages of research for getting business financing. You have taken an important first step: gathering information about what the process is like and learning what to expect if you continue your search for a loan.