Decades ago, they said that we would become a paperless society. And while there are trillions of gigabytes that hold a tremendous amount of data, there are so many paper documents that haven’t made the leap. Thankfully, checks have now gone through the transition from a paper environment to an electronic process that you as a merchant, can take advantage of to improve your bottom line and lessen the turnaround time from a conventional deposit.
There are tea leaves in nearly every flavor, for someone attempting to read what direction the economy’s headed in. But for at least two of the biggest credit card companies, the news seems to be that things are picking up, or at least their customers — the ones using credit cards — are convinced it’s okay to start saying “Charge it,” again.
Your business plan is complete, your product ready to ship and your website ready to go live. Your marketing is set and the whole world knows that you are open for business. One of the most important aspects at this stage is cash flow. Lots of it, hopefully. There are many options with which to receive payment but how do you get it fast and easy?
As the news keeps making clear, changes are coming to what exactly it means when a customer says “charge it!” There are smart wallets, phones-as-credit cards, and more.
We were struck by a long and thoughtful article recently posted on AOL Business, with the headline “Can You Afford to Run a Cash-Only Business?” The first section dealt with some of the admitted advantages from a “cash on the barrelhead” approach — every penny that comes in stays with the business, and you are also absolved from any worries about security breaches, hacks, banks raising fees, etc.
As we head toward our big midsummer celebration, remember that if John Adams had been right, you’d be celebrating two days earlier!
On July 2nd, 1776, the Continental Congress legally separated itself from Great Britain. President-to-be John Adams wrote to his wife that the “second day of July, 1776, will be the most memorable epoch in the history of America.
In the same week where the smallness and flexibility of small businesses is being touted in an article explaining how small specialized bookstores may outlast the giant Barnes & Noble chain, comes a report from payments firm ControlScan and TransFirst, suggesting that small businesses (those processing fewer than 20,000 e-commerce or 1 million physical card transactions annually), may be missing the boat in responding to one growing critical need: the ability to respond to a customer base increasingly seeking both information, and payment options, on mobile platforms.
Here at AVPS solutions, we salute all our customers celebrating National Small Business Week! Started in 1963 by President Kennedy, “one thing that hasn’t changed,” according to the latest White House statement, “is America’s entrepreneurial spirit and the important role that small business owners play in our economy and our communities.”
We wanted to take a minute to share just a few of the wonderful reviews we’ve received from customers recently: