Congress has expressed interest in approving the next round of Paycheck Protection Program (PPP) loans. If this happens, small businesses can expect a wave of help coming their way. Following the approval, The Prioritized Paycheck Protection Program (P4) Act is a source of funding for small businesses. Businesses that employ less than 100 people can apply […]
This Proposal Would Allow Businesses to Get another PPP Loan Read More »
Amidst the global pandemic, many countries are resuming the routine life and easing the lockdown. However, recent studies have shown that around half of the US population is still worried about their health and how shopping, eating, and social interaction can affect it. Therefore, many businesses and shoppers are more inclined to make contactless payments,
Contactless Payment Trends in 2020 – Apple Pay, Google Pay, NFC, and More Read More »
How Is COVID-19 Transforming E-Commerce Merchants? There is no doubt COVID-19 has redefined our life, and its impact could, presumably, last for years. The way we socialize, work, and function has rapidly changed, and so has our buying behavior. Online shopping has become the new norm as consumers are finding it safer and more reliable.
How Is COVID-19 Transforming E-Commerce Merchants? Read More »
As the effects of the pandemic continue, we’ll likely see more changes in the retail industry. Retail merchants had to make major changes while the economy was shut down, but those changes may continue. Retailers need to adapt to what consumers want and what the economy allows. Today, that means a lot more e-tailing than
Retail Merchant Trends for 2020 Read More »
PPP funds disappeared in as little as 2 weeks when first released. The relaunch occurred on May 11, allowing more small merchants to take advantage. But, today the funds still exist and applications for the help are slowing down. What are PPP Funds? If you haven’t heard, PPP funds or the Paycheck Protection Program is
PPP Funds Still Available yet Applications Slowing Down [2023 Update] Read More »
Last month, a bank in Rhode Island bank was given an application for a $144,050 loan through the Paycheck Protection Program (PPP). PPP is an enormous federal effort that is designated to assist many small businesses that are severely affected by the Coronavirus pandemic. This PPP loan application was made on behalf of a restaurant
Lenders Dealing with Emerging PPP Loan Fraud Read More »
The COVID-19 pandemic and the resulting stay-at-home orders across the globe and country during the past few months has led to a significant reduction in both the number of merchant services transactions and dollar sales in our country. With predictions of a global decline in GDP, there are few bright spots in the economic fallout.
Merchant Services and Payments Impacted by COVID19 [2023 Update] Read More »
There has been a lot of talk amongst the business community about the effects of the coronavirus pandemic on the economy. While there has been a downward trend for brick and mortar businesses due to social distancing, e-commerce has seen a rise. While it’s not too surprising considering many people are shopping online for their
E-Commerce Booming Amid COVID-19 Concerns Read More »
Under the financial stress and burden resulting from the effects of the pandemic, businesses may be more receptive to sharing the cost of credit card fees with their customers. Even under normal circumstances, credit card processing is expensive for businesses, especially small businesses with tighter budgets. To improve cash flow, as well as to prevent
How to Survive COVID19 by Sharing Costs with Cash Discount Merchant Services Read More »
While you don’t need to stop selling during the COVID-19 pandemic, you will need to change your approach to selling. At least for a few months and possibly longer, you’ll want to shift the way you sell whether you’re an agency owner who does all of the selling or if you have team members selling
Tips for How to Sell and How to Keep Your Business Afloat During COVID-19 Read More »
Among the many industries adjusting to life under the coronavirus pandemic, fitness studios have found ways to compensate for shutdown orders. From online classes to equipment rental, fitness studios remain flexible in their fitness offerings for their clients. Whether studios offer classes on Instagram or interact with students on Zoom, instructors and studios are making
Fitness Studios Are Adapting Their Business Models to Survive COVID19 Shutdowns Read More »
How Might Coronavirus Affect the Payments Industry? Not handling cash is one measure consumers are taking to avoid the risk of exposure to Coronavirus, or Covid-19. Contactless payments are already on the rise as consumers find avenues that allow them to avoid touching possibly high-risk payment terminals. Payment processing by self-checkout may become more popular
How Might COVID19 Affect the Credit Card Processing Industry? Read More »