SmallBusinessNewz

Visa Investment in Square May Mean Big Things for Industry

Square has received a substantial (though undisclosed) investment from Visa.

Small Biz Credit Card Rates On The Rise

The recession has caused many industries to become quite competitive, and it might be natural to assume that the credit card industry would follow that trend.  Unfortunately, a study has determined that interest rates on small business credit cards have risen an intimidating amount this year.BillShrink, a sort of finance-related search engine, said in a statement, "In the run up before the CARD Act, one-third of issuers raised consumer card rates upwards of 20-30%, with an average overall rate increase of 16%."

Reduce Friction to Get More Mobile Sales

Last week, we talked about shopping cart abandonment, and how it is really out of your control to some extent. Of course, there are things you can do to encourage the completion of sales, but you're not going to get the all. What do you do to reduce friction during the buying process? Comment here.

Accepting Cash, Checks, and Credit Cards

These days, a business almost has to offer multiple methods for payments. As discussed in the video below, a business should however, set up a payment policy to protect the financial health of the business.

Report: Small Businesses' Reliance On Credit Cards Rising

Under the right (or wrong) usage conditions, credit cards can age quickly; they've been known to discolor, grow brittle, and crack.  And unfortunately, some small business owners may be entering the "heavy user" category, as the results of a new survey indicate a sort of tipping point's been passed.

FSB Calling For Lower Credit Card Rates

New Year's resolutions are often of a personal nature; people want to lose weight, become better husbands/wives/parents, or whatever.  But financial issues also get some attention, and in the event any small business owners want to clean up their credit card situations, the Federation of Small Businesses stands right behind them.

A Credit Card Bill That Would Actually Be Good

Yesterday, Doug discussed business credit-building pointers, quoting Tyson Elliott who named making sure you have a business credit card as the most basic step. Unfortunatley, credit card companies don't always play fair, and that is a notion that has sparked the House of Representatives to approve a bill to keep these companies from exercising practices that are harmful to small business owners.

Report Claims Credit Card Use Declining

Used properly, credit cards are fantastic.  They allow people to buy a gallon of milk (or a plasma TV), not pay anything for one month, and collect some sort of reward (even if it's just an improved credit score) in the meantime.  Unfortunately, a lot of folks don't pay off their balances, and it looks like these consumers are turning to credit cards less frequently.