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…
The free market is defined by trade. Producers manufacture products at a certain price and consumers buy them. In theory, the higher the price that producers sell for, the more they will earn. However, consumers aren’t always willing to purchase at high prices, which is where the market equilibrium plays a role. With this in…
The checkout stage in e-commerce sites and online stores is perhaps the most important one for merchants. That’s where the sale happens and this directly impacts an online store’s longevity and profitability. For online retailers, this stage is essential. But one overlooked aspect on their checkout page is the option to checkout as a guest….
No matter whether you run a large or small business, chances are that throughout your experience you’ve come across credit notes. But what does this term mean, how does it influence your accounting, and what else should you know about it? In the following sections, we explain everything you need to know on the topic…
If you’re a business owner who works with multiple vendors and other partners, it’s highly likely that one of your challenges is related to payments. Luckily, there’s a more effective solution than wasting time and resources on individually preparing each transaction. Enter batch payments – a payment processing model that can help you pay in…
Prepayments are a popular method used for both businesses and individuals interested in purchasing goods and services that will be delivered and used at a later date. But what is prepayment, what does it represent, and how does it affect your financial statements as a business? In the following sections, we explore in-depth prepayments and…
Buy Now, Pay Later or BNPL has emerged as a highly preferred payment option among consumers, especially when it comes to online shopping. In the UK, nearly 40% of consumers used BNPL services in the period starting January 2023 and ending January 2024. But why is this a convenient way to purchase products and services…
Abandoned shopping carts are among the biggest challenges that online retailers face on their eCommerce websites. In the UK, the average cart abandonment rate is significant. In the fourth quarter of 2023, around 77% of mobile orders were not completed. Despite their purchase intent, online shoppers frequently leave their online shopping carts without completing the…
The restaurant industry in the United Kingdom (UK) is booming. There’s great demand for novel and delicious food offerings as Covid-19 recedes into the background and people look for new ways to delight their taste buds. But managing a restaurant business goes beyond merely offering tasty morsels of food. It’s also about being savvy as…
Our world is becoming increasingly interconnected. Businesses in one country often trade with businesses in other countries. Plus, there are distributed teams working remotely from different geographical locations. All this means that such business owners must make international payments to employees, clients, suppliers, partners and other stakeholders around the world. While domestic payments are quite…
A high-performing sales team is what separates a good business from an incredibly successful business. No matter the industry you’re in, the size of your business, or the nature of your target audience, sales performance plays a pivotal role in winning new customers and retaining existing ones. In the following sections, we take a deep…
