3 Hidden Money Sources That Can Boost Your Cash Flow (or Soften a Looming Crunch)

When new businesses fail, cash flow is the killer in the vast majority of cases. Cash flow problems don’t just appear out of the blue; they creep up on you slowly. Small businesses stay strongest and enjoy the most stability by keeping the cash coming in on a consistent, steady basis.

It’s tempting to think that as long as your business is profitable, everything’s okay, but resist the urge. The problem with profit is timing: It often turns up too late. The balance sheet for a swimsuit business might look rosy for June, July, and August, but there are many salaries and suppliers to pay before then.

We’ve noticed that all successful businesses have something in common — the ability to fine-tune the flow of funds in and out of their doors. And whether you’re a one-man band or a brick-and-mortar brand, you can benefit from learning what Sage Payment Solutions clients do to avoid cash-flow crunches and keep growing despite the killer odds.

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How to Protect Your Small Business Against Online Fraud

Most small businesses are all too aware that cyber criminals are becoming more inventive in their hunt for vulnerable or accessible financial information. They’re targeting individual consumers and small businesses, and the costs for businesses can be high.

For small businesses looking to combat online fraud, it can really help to have an understanding of today’s fraud landscape; the fraud-screening tools available right now; practical tips to mitigate fraudulent transactions; and an understanding of tokenized payments, which is a great way to improve security and customer convenience.

The face of online fraud today

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4 Key Benefits to Payment Processing Integration

The payment processing industry has changed so much and become so dynamic in recent years, it can be difficult for merchants and other small businesses to keep up with new standards and best practices. Although it might not sound particularly exciting at first, the integration between payment transaction processing and accounting software is without doubt one of the most important of those new standards.

Payment processing integration allows for payment transaction data derived from credit/debit card or other electronic payments (such as those made over the Internet or on mobile devices) to automatically flow into a business’ accounting or ERP system when a sale is made. It does away with the need to manually enter payment transaction data and reconcile accounts, saving valuable time and reducing labor costs and eliminating the possibility of human error. With payment processing integration, the data for each sale seamlessly posts into the accounting software, similar to how the money from a transaction is directly deposited into a business bank account.

It’s getting to the point that merchants and small businesses that don’t have the ability to integrate payments directly into accounting software are at a distinct competitive disadvantage. Fortunately, the technology to make it happen is affordable. And although there are initial costs to implement such a system, the benefits of an integrated payment solution greatly outweigh those costs.

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Be Aware of Key Changes in the Payment Industry

Small businesses have a lot to consider when it comes to how their customers pay them: from Apple and Samsung pay to mobile wallets; from online to mobile; from EMV to contactless; and now, from payment by social media to payment by text — it seems there are more options coming all the time. For the moment, however, let’s narrow the focus to the rest of 2017 and into 2018. What can small businesses and merchants expect when it comes to how they get paid?

The payments industry is an ever-changing environment, so we at Sage Payment Solutions are constantly talking to businesses and shoppers to stay on top of the latest trends. We recently surveyed 1,110 U.S. business decision makers and 1,062 U.S. consumers. Following are three key trends we expect to see play out this year and into the next. Some of our findings were very different from what we expected. (Download Sage’s exclusive 2017 Payments Landscape Report for the full story.)

1.    Consumers drive change in payments, but it’s a slow process

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9 Key Payments-Gateway Considerations

Thinking of accepting payments online? Great idea. Online shopping is a booming industry across the globe, and U.S. businesses are predicted to earn $354 million in revenue from online shopping in 2017.

To get started, you’ll need to select a payments-gateway provider to integrate with your current payment system, build your online shopping cart and process your customers’ online payments similarly to how payments are processed in-store.

But with so many payments gateway providers to choose from, finding the one for your business can be overwhelming and confusing.

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13 Little-Known Selling Days

Everyone loves a celebration, which is what makes every holiday a gold mine for sales. Popular holidays like Christmas are on every calendar, but could your business be missing out on selling opportunities by not marking these quirky holidays as part of your planned selling seasons?

Put on your thinking cap and come up with some creative ways to drive business for the 13 promotional dates below.

March 1

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