Blog Posts | Page 86

Although factor rates and interest rates appear similar, there are some important differences which potential borrowers need to be aware of. Fixed fees (the fee determined by a factor rate) are only calculated once, before the loan is issued. The fee will stay the same, regardless of how long repayment takes. On the other hand, interest rates are accrued over time—the longer your loan is outstanding, the more fees will build up. Read on for more about the difference between factor rates and interest rates.

Free credit card processing sounds great, but the fact is, it’ll never be completely free. You’ll always have some fees to cover on your own, plus you need to consider whether it’s actually a good fit for your business model. Here’s what you need to look for.

Despite what Visa and Mastercard’s advertising would have you believe, most businesses accept American Express cards. However, for merchants looking to add Amex to their repertoire of payment options, the company has been a challenge. In this article, we’ll take a closer look at American Express’ fees and processing rates.

Drive-thrus have long been an American staple, as they combine several things Americans love: speed, convenience, and driving. During the pandemic, drive-thrus are especially attractive to many diners. Read on to learn about the best drive-thru systems for your restaurant.

Is there anything you can do to get your funds from your payment processor more quickly? Yes, but if you think being able to accept credit cards instantly means you’ll get paid instantly, it’s time to think again.

A lease line of credit — also known as an equipment line of credit — addresses that issue. Rather than financing a specific piece of equipment, the lender will grant you a line of credit for a limited period of time (typically one year). Similar to a personal or business line of credit, you’ll be given a credit cap.

Square Capital is an easy-to-understand, convenient loan product for Square borrowers. Although the fees can be a little expensive, they’re still generally comparable to or better than those of its competitors.

A tax lease is a rental agreement in which the entity financing the lease (lessor) retains ownership of the asset in question for the duration of the lease with regard to tax and bookkeeping purposes. Tax leases last less than a year.

These days, consumers have very specific technological expectations of every business they patronize. Specifically, when it comes to service and hospitality industries, people want to be able to schedule easily (online, if possible) and pay with alternative methods. And that’s where software comes in.

If you’ve been searching the internet for information about equipment leasing, you’ve probably run into a wall of industry jargon. Between captive lessors, capital leases, equipment financing agreements, and references to Section 179, the terminology can get pretty opaque. This is especially true when it comes to TRAC leases. If you’ve ever wondered what the TRAC lease is, how it works, or even just what the acronym stands for, you’ve come to the right place.