You accept credit card, right? Well, you probably do, and you probably know the issues that can arise from accepting them. While debit cards are now equipped with safer features, credit cards are not, leaving all merchants at risk. Accepting credit cards is risky, but it is something that all merchants should do. And while it is risky, there are things that we can do to help combat any issues that may come up.
While the majority of credit card transactions are safe, the few that are not wreak havoc on the entire industry. First, you have to deal with a chargeback, which is the result of a fraudulent transaction. This not only costs you the initial charge, but also a fee of up to 270% of that charge. This can put your business under quickly, if too many of these occur. After too many chargebacks, a mainstream merchant account provider could close your merchant account. To avoid this, a high risk merchant account is best for those who are prone to having fraudulent transactions, as they better understand the risks and issues involved.
There are also things that you can do. First, ask for
If you’ve been in business for a while, chances are that you are aware your business is a separate entity from you. As such, it’s only logical that you do not commingle its finances with your own personal finances.
But that’s rather by the book. In reality, there are numerous cases when your personal finances have to come to the aid of the business, especially when your small business is just getting off the ground.
What about a personal loan? Is it a good idea to use it to finance your business? Well, that depends on a few factors. Here’s when it’s okay to finance your business with w personal loan.
Just starting out
Banks and a few other lenders may not be willing to finance a small business loan. Even your bank is likely to be reluctant when to finance a small business. It definitely has a limitedfinancial history which is not good for the banking business.
In such a case, a personal loan is a great alternative. You just need a good credit score of anywhere from 640 ad you can qualify for a personal loan. But be sure to have
In the past, there were not so many mortgage brokers available. There were only a handful of options available, so screening them was easy. However, given the choices available locally and online today, you might have a hard time narrowing the options down. This is why it is extremely important for you to screen the choices if you wish to end up with the best property. To effectively remove the choices that won’t help you, it is a must for you to remember what types of mortgage brokers you have to avoid.
- Not so many connections
The reason why you partner with a mortgage broker is you want someone who will connect you with different possible options. You don’t want to be limited. They must present you with lending companies that are suitable for you. When the choices are limited, you might be forced to partner with someone whom you are not comfortable with.
- Difficult to work with
You will know right from the start if you are partnering with a mortgage broker who is easy to deal with. This person will gladly answer your questions,
Every trader in his career has repeatedly tried to find something to catch the bottom or the very peak of prices, which will turn the long-term trend. Log in at the top of the market and increasing the position with each new penetration level, earn a fortune – a dream of any trader. And when the price is trying to update yearly highs or lows, thousands of market participants around the world stand up against the trend in the belief that this time they will not miss her. But, as practice shows, in 90% of cases, these expectations are not met. Despite this, we never stop to look out for signs of a reversal to break a big jackpot.
The first dangerous signal for the trend is when price of currency pair could’t update its max or min. If it stops at the level of the previous one, it formed a double top or double bottom. For example, the uptrend remains to wait until the price falls below the previous low and strikes the base of the candle shape. This will be a strong signal for a reversal trend or a big correction. It also can help oscillators, such as RSI
If you have a small business, you know how important it is to plan your budget accordingly. But planning your business budget is quite a different matter from planning your own personal budget. There are vast differences and various factors to take into consideration when you are budgeting for your business. But if you want to learn how to plan your business budget in such a way that it doesn’t encroach on your own personal budget, then here’s what you need to know.
Take advantage of spreadsheets
Yes, spreadsheets are annoying – and use up a lot of your time as well. But if you don’t have your financial data set out in an organised, well-categorised manner, then you won’t be able to make sound financial decisions for your company. Use a spreadsheet for every expense, every transaction, and all income, and you will be happy when you realise how much easier it is to move forward and make a good decision based on your detailed listings and records.
Prepare for mistakes
Even if you consider yourself the best business owner in the world, you may still have
Most Americans wonder why they get denied when they submit their first credit application if they do not owe money to no financial institution. Would you be able to lend me ten thousand dollars without knowing me? No, right? That is why financial institutions have to use credit reports to evaluate customer’s credit behaviors.
Credit score is influenced by four factors: history of payments, length of accounts in good standing, inquiries, and types of accounts.
It is difficult to obtain history, length with accounts, or types of accounts when you do not have any kind of previous history. Most credit agencies will turn you down or denied your application because they do not know you. To start building a good credit score, you must establish a secured account. Some institutions call it “secure credit cards” or “secured loans.” Secure products will help you generate history with a credit institution with a low-cost and without risk of generating unnecessary debt. A secured account starts by initiating a savings account which will be taken “hostage” by the financial institution in case you do not repay the loan they will give you for the same amount on the savings
Everyone makes bad financial decisions from time to time, and a little help with saving money is always of good use. For example, a visit to the mall to buy one inexpensive item might turn into an unscheduled shopping spree. A plan to buy some small gadget can become a home technology makeover. Applying some frugal spending tips will help curb such money wasting impulses and help form new money saving habits.
Don’t shop on payday. A freshly cashed check can start burning holes in pockets before money for the monthly bills and savings has been safely put away. Just because payday produces a large amount of cash, that doesn’t mean that it should be spent in just any way. An uncontrolled day of shopping on payday may result in unpaid bills at the end of the month.
Don’t shop for groceries when you’re hungry. Buying food on an empty stomach is guaranteed to produce unnecessary spending; it’s an undeniable fact. Despite a well organized budget and a shopping list, hunger can take over and make you buy things you never normally would. Purchasing fast food on the way home from the store to squelch your
Take Control Of Your Finances
1) Calculate, Calculate, Calculate!
The first step is to know exactly what its you owe and who you owe the money to. Be as open about it as you can otherwise there will be even more pain later. Your debt should not account for more than 20% of you monthly income. If it is, you are entering the danger zone and MUST take immediate steps to cut back.
Once you calculate exactly how much you owe you can devise a budget, including a schedule for repaying your debts. Be realistic and calculate what you can afford to repay and still stay within your budget.
Don’t borrow any more money or take on any more debts until you have repaid what you already owe.
4) Daily Spending Control
Give your card to a trusted friend of family member (don’t include the PIN!) for safe-keeping. That will reduce any spontaneous spending splurges. Take a fixed amount of money out of the bank at the beginning of the week so you can only spend what you have.
5) Organize Bills
Making some small changes at your office or home-business can save you money you and benefit the environment.
1.- Sign up to receive Online Statements with your bank.
Some banks provide this service and you will receive your bank statement by email. This can save lots of trees.
2.- Use your email more.
Send your invoices by email. Quickbooks can be setup to do this easily. You can save on paper and postage expenses. Also, try to read your emails on the screen before printing them.
3.- Print on both sides of the page.
It may take a little effort to get used to doing this but it can cut your paper usage by half.
4.- Replace your regular light bulbs with compact fluorescent light bulbs.
According to the federal government, if every American home replaced just one light bulb with an Energy Star approved compact fluorescent bulb (CFL), the United States would save enough energy to light more than 2.5 million homes for a year and prevent greenhouse gases equivalent to the emissions of nearly 800,000 cars. Using motion sensor lighting is also a good idea.