The first of our tips for saving money on credit card processing is to never lease a terminal. Not only can you buy one yourself for less money than you would spend over the life of a lease but owning your own terminal makes it easier for you to switch processors at any point. Read more
Josh picked up this tweet from @stillbjorn on twitter: “I am very happy with my credit card processing company. Stop bothering me, stupid salesmen.“ Read more
The Wall Street Journal ran an article last week on the rising use of debit cards, attributing the trend at least partly to consumers’ growing reluctance to use credit and a new preference for paying as they go. Unlike Europe where debit cards have long been predominant, payment volume on credit cards has always exceeded that on debit cards in the U.S. But debit card use has been growing rapidly over the past decade and Visa reported on Thursday that debit card use exceeded that of credit cards in the last quarter of 2008 for the first time in the company’s history. It’s hard to know the extent to which rising debit card use is replacing credit cards or is due to the gradual movement away from cash and checks, but it is certainly true that greater use of debit cards by consumers is good news for merchants. Read more
In my last post I talked about why you should leave your corporate job and join a startup. In this post I want to talk about how you can get a job at an awesome startup like FeeFighters.
Outright, online accounting software for small businesses, seeks to streamline business accounting. How are they different from other business accounting sites? Let’s take a look.
Lots of times FeeFighters users ask us what a personal guarantee is and when/why they have to sign on. This week’s kick addresses that issue as Sean talks the basics on personal guarantees.
FeeFighters recently spoke at a utility conference about how its participants can save money on credit card processing. After analyzing one of the participants’ credit card processing statements, we realized they could save 25% or about $30,000 annually on their credit card processing fees.
Last week, I had the pleasure of speaking at the Extreme Entrepreneurship Tour. My task: inspire students to consider becoming entrepreneurs. One of my pieces of advice was to expand professional social networks by joining LinkedIn.
We were having lunch with our friends Sunir and Mike from Freshbooks, and Sunir mentioned the event SOBCon. I had no idea wtf he was talking about, but he then explained that SOB stands for Successful Online Business.
By the time we talk to business owners, many have been burned by a credit card processor. They reach out because they have been lied to, promised lower rates, and altogether feel cheated.
Many business owners in these uncertain times are looking for a way to turn around their flailing businesses.
We had a great time submitting, organizing, and speaking on our panel on financial institutions and startups. Here are some photos from the event and a great summary from moderator Felix Salmon:
I was reading the New York Times, learning from Thomas Friedman about the myriad of Islamic uprisings that are about to occur and I was presented with the attached ad.
