Small business owners are great at what they do but sometimes they are not great at the other essentials involved with running a business. These may include financial decisions and budgeting, technology and managing customer data, marketing and more. After working with thousands of SMBs here is our take on the 5 most critical financial priorities to get a handle on to make your business run easily and grow quickly.
Credit card chargebacks are a headache for everyone involved- the merchant, the processor and the acquiring bank because the whole process has to be reversed and that costs money. To avoid getting hit with chargeback fees there are a few tactics merchants can employ to ensure customers are fully happy before they swipe to begin with. Setting up expectations on the front end saves a lot of money and hassle on the back end and lowering your overhead is the name of the game here at Singular Payments.
In our world getting paid is everything. It’s what we focus on day in and day out- making sure our merchants get paid on time, every time. But when you run into cash float and collections issues – sometimes you need extra working capital to hold you over, help you grow, complete upgrades or make repairs. And in these cases we direct our merchants to our great working capital loan partner that focuses on loans built for small to medium-sized businesses - OnDeck.
Topics: merchant finances, merchant fees, easy to qualify small business loans, working capital, working capital loans, small business loans, small business line of credit, small business working capital