Articles
How Payment Gateways Work (on a Technical Level)
If you run an eCommerce business that makes digital sales, you're probably familiar with payment gateways. Created to promote payment security and enable businesses to receive payments without the burden of storing payment information. Payment gateways have more or...
The advantages of using cashless transactions
Cash transactions in Australia decreased by 46% between 2010 and 2016, according to Australian FinTech. Experts speculate that Australia will become a cashless society by 2022. Given this move away from cash transactions, it is important to consider how your business...
4 Reasons Why Payment Processors Are Important For an Online Business
An important part of setting up your online business is choosing a payment processor that suits your needs. Without a good payment processor, you're likely to miss out on potential sales. This not only reduces your overall revenue, but limits your ability to thrive...
How to Manage Cash Flow in Your Small Business
Here's a statistic that will shock you: A massive 82 percent of small businesses fail because of poor cash flow management. Not bad management decisions. Or lack of interest from the public. But cash flow — something that should be simple, right? What gives? ...
Automating School Fee Payments to Increase Cash Flow
These days many businesses, including schools are looking to simplify how they get paid. Rather than receiving cash payments or being restricted to accepting just a few payment providers, they are realizing the benefits of embracing automated payment solutions. Here...
30 Basic Accounting Terms
Whether you’re just starting out with accounting or taking on a new project, it can help to have a primer of basic accounting terms. These 30 accounting terms will assist you in reaching your company’s financial goals through focusing on the basics. General Accounting...
Ask These Survey Questions to Find Out What Your Customers Really Think
When a lead decides to become a paying customer of your company, you can collect important information from that customer in order to ensure that they enjoyed their experience buying from or working with you. You can also use the information to be provide reliably...
Spring Cleaning – Declutter Your Business Data
How long does it take you to find important business data on your current system? Have you ever had a situation where you couldn't find essential documents? You may need to do some spring cleaning and declutter your business data. Why Spend Time Decluttering?...
Using Payment Data to Create Email Marketing Campaigns
If you're looking to find the right customers, your email marketing campaigns must be targeted and specific. One way to improve your email marketing is to use customer payment data. Using payment data for email marketing ensures you're reaching out to people who have...
The Best Ways to Reinvest Business Profits
When you run a business that's thriving, you'll be taking home profits. This means that you're bringing in more money than you're spending. Profits can be nice to line your bank account, but they can also be utilized as tools to make your business flourish even more....
Tax Time Tips for Small Business
When it comes to running a small business, tax time can quickly get overwhelming if you're unprepared. So, it's important to have a system in place to prepare your small business tax return appropriately and on time. That's why we've put together a few tips to help...
More ways to accept payments for your business
When it comes to business payment processing, you have quite a few options that can help you accept payments. The right solution for your business depends on the type of payment you want to accept, how often the billing happens, and whether you need to send invoices...
The Holiday Season is Coming, Is Your Business Ready?
With the holidays approaching, companies should be gearing up for a boost in business. After all, the holiday season is when consumers spend more than $11 billion. However, while holiday season can be exciting for a business that wants to bring in more revenue and...
Why One Business Merchant Account is Easier Than Many
In a world in which 18 billion payment cards are being used worldwide, having a business merchant account is a must for your Organisation. Why? Because merchant accounts allow you to process electronic payments (as opposed to just cash). With access to a business...
Hidden Costs of Manual Payment Collection in Aged Care
Are you in the aged care industry and find you're struggling with accounts receivable? Are your clients stuck with a manual payment method? Manual payment collection in aged care is unfortunately one of the most popular payment methods, but it's certainly not the...
Automating Aged Care Payments To Increase Profit Margins
Are you looking for ways to improve profit margins for your aged care services business? If so, one of the first things you should look at is automating aged care payments for your customers. Many companies rely on manual payments, but this inefficient solution ends...
5 Pitfalls That Can Ruin Your Customer Payment Experience
Nothing impacts sales quite like a ruined customer payment experience. That's why it's important to ensure the checkout process is streamlined. After a decade of payment solutions experience, we've identified five pitfalls that could completely ruin a transaction for...
What Are KPIs and Why Should They Matter to Your Business?
When you run a business, it's important to stay on top of that business' performance. That way, you can tweak things if they need improving, or stick to processes that are successful if they're working well. In order to get a concrete measure of how your business is...
How to Use Recurring Credit Card Billing
If you run a business where customers make multiple, regular purchases over time, one of the best practices to rely on is recurring credit card billing. Recurring credit card billing allows you to save the credit card information of a customer in a safe, secure...
How to Analyze a Profit and Loss (P&L) Sheet
If you run a business or handle accounting for a company, it's essential that you have a good grasp on where your organization stands financially. One of the most important tools for doing that is a profit and loss (p&l) sheet. By learning how to update and...
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