According to the Wall Street Journal, credit unions are creating quite a stir among traditional bankers because they’re trying to lend small businesses more money. Unfortunately, it seems to be an uphill battle.
Tomorrow, we’re packing our bags and heading for the Bay area to attend SFBeta 5.0 We’re looking forward to meeting all the other cool finance startups and showing them what we’ve got.If you’re around, come by our table and say hey.
Many small business owners try to do their own books, but many times, that can lead to profit loss in the best case scenario, and a meeting with a representative from the IRS in the worst case. These business owners believe that by doing their own books, they’ll save money because they won’t have to pay accounting fees. But that may not be case. A good accountant will act as more than just a number cruncher—he can usually save a business owner money by evaluating business financial practices, and even by helping plan for expenditures and expansions. If you’ve never thought of hiring an accountant for your business, let’s first take a look at what you’ll need to consider, and then how to keep the costs to a minimum. Read more
At FeeFighters, we have many things for which we are truly thankful. Above all, we’d like to thank all of our customers, users, mentors, fans, advisors, and friends for all of the support they have provided this year. Read more
Several times a day, FeeFighters users ask us, “Which is better for me, Square or a traditional credit card processor?” To make life easier, we created the Square Calculator, a tool which lets business owners quickly and easily see which choice is more cost effective for their situation: Square or a merchant account. There’s no signup or lead generation form; merchants can see which option is better for their business clearly and in a matter of seconds. Read more
In response to a question we get very frequently from FeeFighters users, “Which is better, PayPal or a merchant account?” FeeFighters has launched the PayPal Upgrade Calculator, a tool which lets business owners quickly and easily see which option is more cost effective. There’s no signup or lead generation form; merchants can see which option is better for their business clearly and in a matter of seconds. Read more
FeeFighters is very happy to announce a new functionality which lets merchants screen credit card processors by gateways on marketplace. Now, when merchants come to FeeFighters to comparison shop credit card processors, they can see which processors can easily integrate with their existing gateways. Read more
CHICAGO, Jan. 05, 2010— Transparent Financial Services (FeeFighters.com), a leading marketplace for businesses seeking financial services, today announced the launch of the FeeFighters Credit Card Processor Directory, the first comprehensive website through which businesses can research, rate and review credit card processors. Read more
Transparent Financial Services (FeeFighters.com), a leading marketplace for businesses seeking financial services, has today announced that small retailers may overpay an estimated $73 million for credit card processing during an already tight holiday season. As a result of weak predicted sales, retailers are looking to cut operating costs as much as possible in order to maximize revenue. Read more
A customer recently asked us this question:
Is there a way for a not-yet-incorporated business to get a separate business checking account, or would I have to have a separate personal checking account until I have the proper business organization, Tax ID, etc? Read more
This article originally appeared on informed-merchant.com, a blog started by one of our founders, Sean, before he started FeeFighters. 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.
