Blog Posts | Page 8

We were blown away by the quality of businesses that applied. Ultimately, we settled on five amazing businesses, each earning $2,000 toward growing their small business.  The winners span from California to Florida and represent a variety of industries — from farming to financial planning! But the one thing they all had in common was a dedication to improving the world through sustainable business practices.

Hunting for a new POS or just starting your research? Take our quiz to find out which system we think is right for your small business.

With more businesses adding the option to tip following a purchase, combined with prices going up, many customers are fighting back with their wallets. Tipping actually decreased from 2022 to 2023 according to a report from our top payroll systems systems recommendations,  Gusto.

We recommend Lightspeed for small to midsize restaurants focused primarily on quick-serve and fast-casual orders because the software is affordable, you can install it on any iPad, the inventory management is best suited for buildable items and combo meals, and a straightforward loyalty program is available on all plans.

The best way to accept donations online is going to be the way that works best for your organization. It matches your budget, feature needs, and performance expectations to make it easy to take online payments and raise funds for your cause.

Learn how to set up Gusto payroll in this full video walkthrough. See the setup process step-by-step in real time so you can know exactly what you’re getting into before setting up your Gusto account.

The credit card industry has many players, from credit card issuers, to credit card networks, to merchant acquirers. Each handles a different part of a credit card transaction, allowing customers to draw on a revolving line of credit at checkout.

According to the Nilson report, there were $932.85 billion in outstanding balances on credit cards in 2021. American Express saw the highest outstanding balances per card at $2,153, but had the lowest percentage of delinquencies among accounts that were carrying a balance.

Credit card issuers extend customers a revolving line of credit with which to make purchases. This amount can be drawn upon, paid off, and then used again so long as the account remains open and the credit limit isn’t exceeded.

When it comes to processing payments online, there is no such thing as a free lunch — transaction fees will be assessed. We hope that this guide has given you some understanding of the types of fees you’ll have to pay and the different pricing models used by merchant service providers to charge you for the cost of taking payments online.