Raise your hand if you’re tired of banks and their fees. There’s a fee for everything. There’s a fee to use an ATM, there’s a fee to deposit cash in to the bank and some banks are now considering a fee for those who want to keep cash in their bank account. If you’re close […]
If you are planning to start a small business in the not so distant future, you may not be aware of an expense that could seriously eat in to your profit margin. It’s call the swipe fee and it’s the subject of some recent rulings by the Fed that have some small businesses upset.
First there was bartering and trading, then we paid with coins, then paper money, and finally credit cards. Now, the smartphone innovation has brought about a new way to pay and for many, it will allow consumers to eventually leave their wallets at home. The company is Square and they’ve developed a way to pay […]
Any business that doesn’t immediately collect all the money at the time of a sale has entered the realm of extending credit. This entails a risk that the sale amount may never get to the bank account.