Best Card Machine for Small Businesses
With credit card popularity still on the rise, it is no surprise that banks are looking into new ways to provide their customers with convenient payment options. A whopping 59.9 million credit cards were issued to UK residents in January 2022, with over 292 million credit card transactions made. As technology continues its rapid growth, […]
Best Pay as You Go Card Machines
What is a card machine? According to the European Central Bank, the number of card payments in the euro area increased in 2020 by 3.2% to 23.1 billion and the total value increased by 10.3% to €155.8 trillion. Card payment systems are unavoidable for businesses today, no matter their size. But what is a card […]
How to Accept Credit/ Debit Card Payments on Your Mobile Phone
When accepting debit or credit card payments via your mobile phone, you can either use card machine hardware that connects to your device via Bluetooth or a card payment app that allows you to take a payment directly from your smartphone. In this article, we’ve explained how you can provide your customers with a smooth and quick […]
Understanding Turnover in Business and Its Importance
“80% of small businesses get through their first year, half of all companies survive more than five years, whilst only a third reach the 10-year mark.” According to SmallBizGenius. With statistics such as these, it is no wonder that owning a business is stressful. Knowing that your hard work and dedication are paying off […]
What is Break-Even Point (BEP)?
According to the Small Business Administration (SBA), 20% of small businesses fail in the first year, 50% after 5 years and only 33% make it up to 10 years and more, primarily based on their BEP performance. During an enterprise’s earlier stages, founders understand the importance of a “break-even point”, with the crucial […]
Real-time, faster payments on your mobile app with Pay by Bank app
Through our unique partnership with MasterCard, SimplyPayMe is now integrating the newly launched Pay by Bank app. Created by Vocalink (Mastercard), Pay by Bank app will remove the need for debit cards, simplify payments for all parties, and offer existing and new customers an avant-garde mobile payment solution. SimplyPayMe’s ongoing research found that merchants, especially […]
How to Chase Outstanding Invoices and Get Them Paid
“Late payment is the silent killer of modern business” Anil Stocker, co-founder and CEO, MarketInvoice Processing overdue payments and outstanding invoices can be uncomfortable, especially when maintaining a good client relationship. And as small businesses, freelancers, and entrepreneurs are usually the last in the work chain; they are often the final ones to […]
Card Not Present (CNP) Transactions: Everything You Need to Know
With the growth of Omni-channel experiences, the gap between the physical and virtual world closes, altering consumers’ expectations. Businesses need to understand their customers’ needs as client satisfaction is key to success, and today, consumers want options. One fundamental practice is the ability to provide both online and offline payment methods. By doing so, businesses […]
How to Motivate your Employees
Repeating daily tasks in a workplace can lead to unmotivated employees including team managers. When recurrence occurs too often, a company can be affected by the employee engagement gap – the gap between what executives say they need and what is actually happening amongst their staff. Gallup (which has been measuring employee engagement for 20 […]
