Archive for February, 2016
Many businesses and vendors want purchases to be completed by their customers using credit or debit cards. It is a very rare occurrence in current times to find a business that will accept a check as payment and many businesses do not consider cash as their preferred type of payment. Because of these facts, merchant account providers have established processes and systems so that debit and credit cards can be used as payment for purchases, whether the payment is for products or services.
American consumers have embraced this new type of payment!
In 2013 with total consumer payments of $8.6 trillion, U.S. consumers spent $4.6 trillion using credit and debit cards. However as the use of the Continue Reading No Comments
There was a time when mom and pop shops were practically dying out. As large companies began monopolizing, more and more small businesses had no chance of keeping up and were forced out of business.
However, with the improved technology and business practices we have now, small companies are once again back on the rise. Just between 1996 and 2013, the amount of entrepreneurs who were from the baby boomer generation starting their own business grew from 14.3% to 23.4%.
Part of what has made starting a business a viable option again, is the implementation of computers into business. Staffing can be cut thanks to automation, and one person can take on the work of multiple jobs remotely through the internet.
However, another huge factor was the wider availability of Continue Reading No Comments