When it comes to choosing a business entity, the choice between LLC and S corporation can be confusing at times. This simple chart answers a few of the basic questions. Please refer to this article from Business.gov for more information about the prevalence and rules regarding LLCs and S corps. Read more
Here at FeeFighters, we want to get our customers talking about their experiences using the site so we can learn as much possible, and also encourage customers to pass on their wisdom (and savings) to friends/colleagues. When done correctly, promoting word of mouth marketing can be one of the most cost-effective and impactful marketing methods for your business. Here are some tips to gets the recommendations flowing. Read more
Yesterday I had the pleasure of speaking at length with a FeeFighters user who is a member of the Wine and Spirits Guild of America. He told me about his quest to learn as much about credit card processing as possible in a marketplace with few resources. Read more
Businesweek recently profiled a small boutique’s struggle and success in getting lower credit card processing costs. With revenue of $350,000, the business was able to save about $4,000 using the strategies listed below. Read more
In the ongoing battle between credit card companies and merchants over increasing fees, the National Retail Federation had the opportunity to state its case last week in Congress. Here is what NRF Senior Vice President and General Counsel Mallory Duncan had to say: Read more
Lots of business owners ask us “how much does it actually cost to process a transaction?”. Sometimes they are just curious, and sometimes they want to know for purposes of evaluating what is a good deal. While none of the big credit card processing companies will ever come out and tell the world their cost structure (since that’s a competitive secret), we have a few bits of data that we can piece together for an answer. Read more
Warning: This is a “pat on the back” post for us so readers should beware. That said, if you can’t pat yourself on the back on your own blog then where can you do it? Read more
A recent CardRating.com article noted a trend in the language of credit card companies. In light of economic conditions, card issuers are lauding credit cards as finance management tools. For example: Read more
In the past I have written about the various ways of charging for credit card processing, such as Tiered Pricing and Interchange Plus (the most business-owner friendly way of pricing – why you want interchange plus). 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.
