By: Rania V. Sedhom It’s unclear when COVID-19 truly made its presence known. However, most retailers were closed in major markets by mid-March and had no choice but to make decisions that immediately affected their employees, customers, and supply chain. Most of the companies with whom I work furloughed 50 percent of their employees and […]
finance
Kabbage Launches Online Hub to Help Boost Sales for U.S. Small Businesses Impacted by COVID-19
On Wednesday, March 18, Kabbage Inc. launched www.helpsmallbusiness.com to support small businesses financially impacted by COVID-19. The initiative is a call-to-action across the U.S., enabling anyone to purchase an online gift certificate from participating small businesses to provide them with crucial financial support. Certificates can be redeemed in full after they are issued or in […]
Five Banking Issues Online Retailers Are Facing
by Cameron Peake As a founder who has spent most of my career in financial services, I intimately know the unnecessary hurdles that small business owners face when it comes to banking. Whether you’re trying to open a bank account, send payments and transfers, or simply separate your business and personal finances without incurring costly […]
Don’t Get Ripped Off by Credit Card Processing Companies
Credit card companies are notorious for ripping off both retailers and consumers. Between rising interest rates, hidden fees, and sudden rate changes without notice, acceptance of credit cards can be an annoying, dizzying and costly process. But the reality is that many shoppers still pay with credit cards, so retailers have to offer that payment […]
Get Money Back with these 2020 Tax Tips for Retailers
by Danielle Higley Depending on your industry, workflows, or a thousand other factors, your business may be leaving tax savings on the table. That’s why it’s so important to have a good accountant or bookkeeper on speed dial around tax time. You never know what sort of credits or deductions you might qualify for until […]
Don’t Fall Behind on the New Transaction Trend
Recently, Bank of America announced that it will be reissuing four million Visa debit and credit cards for account holders in the NYC, San Francisco and Boston areas, changing them over to contactless cards. Following the growing trend of tap-to-pay transactions, customers will soon have the option to try out the new payment method at […]
5 Ways to Finance Your Retail Storefront
by Eric Goldschein Whether it’s always been your dream to own a brick-and-mortar shop or you’ve decided that it’s time to expand from pop-up shows and ecommerce to a full-fledged store, a retail storefront is a major endeavor that involves extensive planning, lots of financing, and a bit of luck in order to succeed. Financing […]
Online Meets Brick and Mortar with the Help of Fifth Wall
As massive retailers such as Sears and Payless are leaving vacant storefronts, online indie retailers and pop-up shops have been moving into the brick and mortar spaces. More e-tailers are finding out the importance of having a physical presence, but getting the funds to move into a storefront can be a bit difficult. That’s where […]
4 Steps for Choosing a POS System
Choosing a point-of-sale (POS) system is a big decision. The right system can make your business operate much more efficiently, help manage inventory, provide data to make better purchasing and staffing decisions, and improve customer service. Many of the POS systems available for retailers advertise similar features. But, they are not all created equal. Here’s […]
The New Cobranded Small Business Credit Card from Amazon and American Express
Amazon and American Express are partnering up to offer a new credit card for small businesses in the U.S. The e-commerce giant is continuing to expand financial and payment products for business customers, and since American Express is known for their Small Business Saturday startup, the two companies decided to work together. The new co-branded […]
