It was as early as the last decade, in 2014 to be more precise, when The Economist Intelligence Unit found that 80% of customers “are demanding new consumption models, including subscribing, sharing, and leasing – anything except actually buying a product outright.” And this is where recurring payments have entered the payments landscape to change…
It wouldn’t be an overstatement to say that we’ve all probably purchased something online over the past two and a half decades. After all, with the proliferation of the world wide web, the Internet, and the technologies that go along with these developments, it’s become even easier to shop online. Whether through your smartphone, computer,…
Although not a new concept, embedded finance is a growing trend that’s more than likely to remain fixed in place and thrive in the future as consumers and businesses seek ways of getting around banks for traditional banking services. With this increased convenience, we’re likely to see huge rates of adoption worldwide. Some predict that…
For those of you whose strengths do not lie in numbers, talking about invoices and pro forma invoices could, at the very least, be confusing. However, as a business owner, it’s important to know the meaning of these terms so that you can run your business more effectively. So, what does a pro forma invoice…
Unless you’re a one-man or woman business, the chances are that you have employees working for you. These are going to be your business’s greatest asset, as employees can portray your brand and company culture like no other force out there. Essentially, they’re your greatest brand ambassadors. But what happens when the “honeymoon” phase ends…
In the world of subscriptions and continuous payment authority, the various terms used may sometimes lead to confusion. From recurring payments themselves to standing orders and direct debits, they all share some similarities, but there are some fundamental differences. In this blog post, we explore what is a standing order and the primary differences between…
Imagine a publicly listed company on the stock exchange. Now imagine that this company is divided into hundreds of little pieces which you can own. This is the case even if you don’t run a company. These “little pieces” are “shares” and the person who owns them is known as a shareholder. But looking at…
Bookkeeping and accounting are not everyone’s cup of tea. They involve an in-depth knowledge of numbers and an accurate way of putting each one where it belongs in a firm’s general ledger. While you’re right to think that this profession involves numbers, to make things even more complicated, there is also a specific terminology that’s…
One of the first things you need to do when thinking of starting up your own business is to determine your business structure. Will you be a sole trader or a limited company? This distinction is crucial as it will determine not only what type of profit and income you make but also your debts…
At some point in our lives, most of us have signed up for one subscription or another. Whether a gym membership, a weekly or monthly newspaper, and magazine, utility bills, paying your phone bill every month, and interestingly, you can also sign up for a car service or even have shaving kits delivered to your…
There are 6.378 billion smartphones in the world. And if you think about it, this covers around 80.69% of the world’s population. Impressive, isn’t it? But if most people have a smartphone these days, what makes a smartphone stand out from the crowd? Your smartphone is a personal computer in your pocket. You’ve chosen your…
Sending and receiving money across Europe is now easier than you can imagine. All this with a little something called an IBAN number. This number is very specific, though, and it plays some important functions in transferring funds on the continent, and even beyond. Let’s find out what IBAN is and how it works! Table…
Nothing beats getting money, right? But how can you get money based on your spending? The answer lies in the concept of cashback. If this is a new idea for you and you’d like to find out more, then just keep reading to find out more. In this blog post, we focus on the meaning…
In the world of card payments, many acronyms tend to pop up, causing confusion. After all, the simple point-of-sale or POS terminal has many names. It used to be called a PDQ (process data quick) machine, and today it’s simply known by its name – POS. However, in some other countries, these payment machines are…
The world of payment acceptance is dotted with many words, one such being an “acquirer”. If this term is new to you and you’re a merchant who’d like to accept payments through a POS device or even online through your website or online shop, then this blog post is for you. Here, we cover what…
