When browsing for a suitable payment processor to partner with, you’ve likely encountered rolling reserves as a service provided by some. Before creating a rolling reserve merchant account, it’s essential to understand what this term means, how this reserve works, and what you can expect as a business. In the following sections, we cover these points and…

The financial audit is one of the essential accounting processes that confirms the accuracy of critical financial statements. No matter how large or small your organisation is, you may rely on income statements, balance sheets, cash flow statements, and other documents to demonstrate your company’s financial health and position.  However, unless a financial audit is performed, your financial…

Selling digital products in 2024 can be much more profitable than most people imagine.  Rather than investing in a physical product that often goes hand in hand with production, storage, and shipping costs, you can simply start selling digital products that are in high demand to reach potential customers and bring in recurring revenue. In the…

Considering the growing prices in the UK and the changes in the economy, more and more people are turning to income streams other than their main jobs. Around 43% of Brits have a side hustle as an additional source of income.  You’ve come to the right place if you’re looking for inspiration and easy-to-start second-income ideas. Below…

Studies show that nearly 60% of small businesses in the UK are waiting on unpaid money, which cannot be used because it is tied to unpaid invoices.  People can find a reliable solution to this problem with partial payments.  In the following sections, we explore partial payments, how they work, their benefits and drawbacks, and more. TABLE OF CONTENTS…

Today’s shoppers are exposed to a ton of options to choose from, naturally shaping a dynamic and competitive business environment where companies must stand out to attract attention.  One of the best ways to do so is to offer the right payment option, which allows the buyer to enjoy convenience, payment terms flexibility, and a…

Usually, when a procurement department prepares to invest in new software or hardware, they come across lucrative options from value-added resellers.  But what do these businesses do in reality and what are the pros and cons of working with them? In the following sections, we dive into the details of what is a value-added reseller….

Consumers nowadays have millions of choices when it comes to online shopping. With a vast range of brands competing for attention, standing out from the crowd as a business can seem like a mission impossible. The good news is that no matter whether you’re a large corporation or a small business that’s just getting started,…

The white label business model has gained popularity around the world, offering an alternative way to generate income by selling to other businesses. In the following sections, we explain what are white label products in detail and reveal some of the core benefits and challenges associated with this business model.  TABLE OF CONTENTS Introduction to…

Smart card readers play a crucial role in financial transactions, identity verification and access control. They provide a secure and efficient way to process data stored on cards. For their capabilities, these devices are integral to the modern business landscape. In this blog post, we will explore what a smart card reader is, examine the…