Amazon may have swept through the globe as the world’s biggest online retailer, and although online shopping is here to stay, there’s much to be said for the physical in-store experience. Many people long for the days spent on Main Street where the store owners and staff knew them, greeted them by name and offered…
Dating as far back as the 18th century, retail includes markets, department stores, specialty shops and more. Aspiring entrepreneurs who are considering opening a retail store will find the opportunity to be financially lucrative and also rewarding by being able to meet their community’s needs. Whether you’re thinking of boutique clothing, make-up and beauty, accessories,…
Despite the massive shift to online shopping and online stores over the past few years, there remains an overwhelming number of shoppers who enjoy and prefer the physical in-store experience. Although many retailers have gone through challenges as a result of the Covid-19 pandemic, they remain relevant in the business landscape and will continue to…
A brief definition of “retail” is the sale of physical products to members of the public. These products are generally purchased in small quantities and their main purpose is consumption as opposed to re-sale efforts. With retail being such a daily part of our lives, it’s also not a broadly well-known or understood subject. In…
As much as e-commerce has really picked up over the past couple of years, there still remains a great demand for physical brick-and-mortar stores in our communities. These stores give customers the opportunity to see, feel and touch products, try them and generally have a comparatively more “real” shopping experience that’s got the human touch….
When you are running a retail store – whether online or off, it’s only natural to be thinking about your sales and the payments you receive. After all, retailers rely on customers to pay for the goods and services they offer in order to operate. That’s why optimising the payment experience of customers is an…
We all know what a business is in its basic form. We hear the term constantly and engage with different types of enterprises daily. Yet, when it comes down to defining the meaning of business and its characteristics, many find it difficult to explain. So, what is a business precisely, how is it structured, what…
With the ever-growing global economy, the need to facilitate international payments is becoming increasingly apparent. A solution to this can be found in the face of Dynamic Currency Conversion (DCC). The service, which offers a fixed exchange rate and certainty on the final billing amount, undoubtedly has many advantages for businesses and customers alike. But in…
In line with the growing popularity of cashless payments, the rate of credit card fraud has also increased in the UK. In the last quarter of 2021 alone, the rate rose 42%, reaching a five-year high. Expectations are that this number will continue to grow. Luckily, there are some preventative measures anyone can take to…
Nowadays, many foreign goods can be found at almost every corner market or even small local shop. This is thanks to new systems and ways of transporting, exporting and importing, which have been developed. Such is the EORI number. Even if you are not a trader or own such a business, it is still good…
With today’s increasingly digital economy, consumers and businesses alike have found themselves in need of fast and easy options for sending payments across borders. Although instant payment solutions have been around for a long time in many countries in Europe, they are limited to only domestic transfers or among the same payment service providers. However,…
Most entrepreneurs that go into business do so for a very specific reason. Setting profit aside, they also believe that the product or service that they offer is something unique. It fills a gap in the market. It meets certain needs and resolves pain points. As such, they’re offering something of value to their target…
We’ve all heard the famous stories of people like Bill Gates starting his business from his garage all those years ago. But he’s not the only one. Companies like Amazon and Google started out the same and we can only marvel at how far they’ve come since those early days. The impact of the Covid-19…
You’ve set up your business and are running it in Europe. Given this, you are most likely exchanging goods or services with other companies on the same continent and this means you need to make or receive payments in euros outside your national system. In this case, transfers will be made via SEPA. But what…
You’re on one side of the world and the person to whom you want to send money, or the company that owes you, is on the other. No matter where on the globe amounts start their journey and where they’re expected to end it, they sure will make it. SWIFT is what facilitates the process….
