If you’re a self-employed individual in the UK or are filing for a Self-Assessment tax return, one of the most important things you’ll need is your Unique Taxpayer Reference number. But what does this number mean and what does it represent? Who needs to obtain a UTR and why is it important? In the following…
In our digital-first world, every business owner is quickly realising the importance of having a professional website. Acting as the window into your brick-and-mortar or online store, a sleek and modern design will set you apart from your competition. Apart from making your business more competitive, you can attract new clients and improve business profitability….
Businesses that accept in-person payments or payments online know how critical the checkout experience is for their customers. A more efficient checkout process can be the tipping point for a great or poor customer experience. Ultimately, business owners want to focus on the former and not the latter. So, how do these merchants ensure that…
No matter whether you’re a sole trader or run a limited company, you’ll need to fully understand the different taxes you need to pay. This can help you stay on the right side of the law and ensure full compliance with tax regulations in your area. In the following sections, we explore the nature of…
The retail landscape is incredibly competitive, no matter whether you are running an online store or relying on physical locations to attract customers. In such a dynamic environment, standing out from the crowd can be a significant challenge. One of the ways to build a solid customer base and guarantee customer satisfaction across channels is…
If you’ve ever made a payment by swiping your credit or debit card through credit card readers or card terminals, you’ve used magstripe payments. Although this payment solution has dominated the industry for years, it’s slowly being phased out as more reliable, secure, and convenient alternatives that gain popularity. In the following sections, we explore…
Payment fraud is one of the most serious challenges for businesses in the UK, no matter the size or the type of business. With more and more fraudsters taking advantage of system weaknesses, companies are exposed to significant threats. But what can you do as a merchant to avoid these issues? In the following sections,…
Payment fraud is a serious concern for both merchants and consumers who shop online. Having your card details stolen is a serious risk to your sensitive financial information. Meanwhile, merchants face the risk of chargebacks, fraud and other issues if payment authentication is not accurate. Payment authentication was introduced to address this concern. And while…
Across the world, the issuing and use of EMV cards are rising rapidly. These credit and debit cards aim to make card-present transactions more secure. And this has resulted in a drastic reduction of card fraud globally. For this reason, merchants operating brick-and-mortar locations and physical stores are increasingly equipping themselves with EMV card readers…
When it comes to online payments, two major contenders stand out in the space: Samsung Pay and Google Pay. Although several others exist, these two global payment giants are making waves and introducing ease of payments to millions of people worldwide. If you’re new to these options for making contactless payments, you’ve come to the…
When it comes to contactless payments, using a mobile device is among the top preferred options in the UK. For those using an iOS device or Apple devices like the Apple Watch or iPhone, using the Apple wallet for shopping is quick, easy, and convenient. In the following sections, we’ll review what it takes to…
In recent years, contactless card payments have skyrocketed in the UK. For example, studies reveal that over 93% of all in-store card transactions of less than £100 were completed via a contactless payment. This demonstrates the shift in trending global card transactions, encouraging more and more businesses to accept contactless payments. Plenty of popular wallet…
Sending invoices is a crucial aspect of running a business. This is particularly true for B2B (business-to-business) transactions, where it serves as a common payment method. While the process may seem straightforward, it’s essential to understand the various methods used for sending invoices and the best practices to streamline payment processing. In this comprehensive guide,…
To manage invoices, track payments, and store extensive client data can be challenging, especially for small businesses with limited time and resources. That’s where modern invoicing software solutions come in handy. When merchants invest in such a tool, they can easily simplify their billing and invoicing processes and ensure timely card payments, healthy cash flow,…
Undoubtedly, the ecommerce industry in the UK is growing exponentially year after year. This means that large and small businesses rely heavily on eCommerce websites to win customers and generate sales. But what does it take to run a successful online store and a profitable eCommerce site? One of the most significant things for achieving…
