Security and PCI Compliance

Complete Review of Kount

Paul Maplesden
by Paul Maplesden

Maximizing your revenue is one of the main things you think about as a businessperson — Any money you lose to costs, leakage, or other factors directly impacts your bottom line. One area that can cause a big problem is fraud, especially credit card fraud. Fraud detection and mitigation is important. It’s estimated that around…

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Kount is a service designed to protect your business from fraud. In this review we’ll explore its various products and services, find out how it can help your business, and see what other people have to say.

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Credit Card Processing

Collect for Stripe Mobile Payments

Ellen Cunningham
by Ellen Cunningham

The Collect app works on smartphones and tablets with or without a compatible card reader. Before you sign up, make sure you know what you’re in for. What is Collect for Stripe? Enabling and Using Collect Collect for Stripe Card Readers Other Supported Services How much does Collect for Stripe cost? Separate Processors for Online…

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When a solution called Collect for Stripe promised businesses the ability to use their Stripe accounts to take payments in-person, it was a welcome announcement. But a closer look shows it to be an expensive option for taking credit cards in person.

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Accounting and Finance

Wave Accounting Software Review

Paul Maplesden
by Paul Maplesden

That means you can protect your cash flow, ensure you have enough money to meet your obligations, and grow your business. This in-depth review of Wave Accounting will tell you everything you need to know about the software, so you can decide if it’s right for your business. Wave’s account software is free, but if…

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Good financial management is one of the main skills any successful business owner needs to master. Wave Accounting is designed to help you keep control of invoicing, expenses, payroll, accounting and more.

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Business

The True Cost of Hiring Employees

Paul Maplesden
by Paul Maplesden

If you want to control expenses and manage your finances responsibly, it’s important to know the true costs of your employees. As they’re such a large part of your cost base, you have to ensure your product and service prices take into account the total money you spend on employees, not just their salaries, in…

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The biggest expense for many businesses is paying for employees, and that’s not just tied up in their salaries. The true cost of hiring, paying, and providing benefits to a member of staff goes far beyond their monthly paycheck.

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Credit Card Processing, Restaurants and Bars

Is It Legal for Employers to Deduct Credit Card Processing Fees from Tips?

Ellen Cunningham
by Ellen Cunningham

In general, yes, it’s legal, except where prohibited by state or local laws. States that currently prohibit processing fee deductions from tips are California, Maine, and Massachusetts. According to Nolo.com, the law is not clear in three additional states: Delaware, Kentucky, and Montana. In each of those states, existing laws regarding tips don’t specifically address…

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Credit card processing fees eat into restaurants’ bottom lines, and as owners look to lower expenses, many wonder, “Is it legal for employers to deduct the costs of credit card processing from servers’ tips?”

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Business

Growing Your Business: Costs and Considerations of Business Expansion

Paul Maplesden
by Paul Maplesden

Of course, alongside opportunities there’s also risk. It’s important to manage that risk carefully and stay in control of any potential issues as you’re expanding. One of the biggest risks for expanding your business is the cost of entering a new market, and whether you can justify that cost by bringing in enough revenue. Before…

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Most businesses consider expanding at some point. Whether you’ve saturated your current market, want to widen your appeal, or you have great ideas for new products, there are always opportunities elsewhere.

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Credit Card Processing

Taking Fleet Cards – Wex, Voyager, and More

Ellen Cunningham
by Ellen Cunningham

They’re all the same thing – a card used to purchase gasoline or diesel, as well as pay for tires, oil changes, car washes, or repairs on vehicles in a fleet. However, they all have different requirements and costs for acceptance. As a gas station, tire center, repair shop, or other business owner with fleet…

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Fleet cards go by a few different names. You may hear them called fuel cards, fleet cards, or a fleet-specific brand name, like Wright Express (Wex) or Voyager.

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Credit Card Processing

Clover Insights for Business Analytics

Brian Penny
by Brian Penny

The Clover Insights business analytics app is available from First Data – one of the largest credit card processors, handling nearly half of all US credit and debit transactions. The company also processes Apple Pay and gift card transactions for major brands like Starbucks. In 2014, First Data launched Insightics, an online reporting platform that…

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Businesses using a Clover POS system have access to Clover Insights for detailed business analytics.

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