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 […]