Business Services

An In-Depth Look into the Various Ways Money is Globally Transferred

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Summary: Global money transfers are relied on more than ever in today’s economy. Here’s how it’s done.

One of the most pivotal components of today’s modern economy is the global money transfer system. As large-scaled businesses are continue to shift their focus on cutting costs by outsourcing work to contractors overseas, there’s a substantial increase in the amount of global transfers.

The Utilization of Online Wallets

One unique way of transferring money online is through the use of an online wallet. For some individuals, the wallet is either a checking or savings accounts. This allows the consumer to maintain a fair currency exchange rate when spending around the globe – essentially when one works with any merchant service that will accept credit cards online. Also, for businesses that send their employees to various countries, it’s also a significant factor in cutting costs.

Bitcoin: The Currency of the Future

Bitcoin is considered the most popular forms of crypto currencies. Furthermore, it’s also being utilized across the globe as we speak. With a complex algorithm system, money is safely transferred from country to country without duplication concerns. This is done similar to that of a merchant credit card processing system, but varies in the amount of keys that are assigned to each transaction. Already, the economy is witnessing a substantial increase in digital currency, and it’s only the beginning. It may become a universally accepted means of money transfer, but only time will tell.


Bio: For merchant processing services and goods such as a credit card swipe machine, visit the experts at Charge.com today. With years of experience on their side, their seasoned staff is ready to assist you at a moment’s notice.

6 Financial tips for entrepreneurs launching a startup

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Male Garden Worker Using Digital Tablet

Starting a new business can be difficult and involve many financial mistakes. Here are six financial tips for entrepreneurs launching a startup.

Manage your cash flow – It is important that new startups are aware of where their money is coming in from and going. Manage your cash flow by hiring an experienced accountant or by taking a few courses in accounting basics to understand your financial position.

Monitor spending – Understanding how your business is spending its money is important as it will give you a good idea about how to manage your business and maintain growth.

Limit your fixed expenses in the beginning – Avoid investing in an elaborate office and furnishings and instead concentrate on how you can grow your business and generate revenue.

Remain optimistic but prepare for the worst – Business environments are ever changing, therefore stay alert and prepare for the worst. Make sure that your business has grown before you decide to quit your current job and eliminate your main source of income.

Reserves – It is important that you have personal and business reserves that you can tap into when bad situations arise. Remember that as an entrepreneur, you have to take control of your retirement fund to ensure that you have something to fall back on when you are unable to work anymore.

Every minute has monetary value – Small businesses revolve around the owner and therefore your time is very valuable. Schedule your daily activities to ensure that you have sufficient time to look into all aspects of your business.

How Mobile will Affect Payment Processing

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The future of online credit card processing lies with companies that are diving head first into the market for mobile payments. The more mobile devices are deployed with applications built for sharing payment data, the better the integration of this technology. Consumers need to know it’s safe to use a cell phone to make payments, and more retailers are beginning to accept these alternative payment forms as a result. This was a major step forward in supporting freelancers worldwide, and will no doubt be the first in many to come.

Mobile Offers Convenience

With smartphone adoption rates trending upward, almost everyone has the ability to move money from wherever they are. What’s changed is that more retail outlets are beginning to accept mobile payments from customers on the go, which means they are no longer tied to the debit card or cash. These new merchant accounts protect a customer’s identity and payment information. Making everything safer. Mobile devices are usually protected by a password, and are often secured by the person carrying them. So, rates of physical theft are low and there are multiple security measures one can take to protect their device.

Exclusives

Mobile payments also allow a lot of tracking on the merchant’s end, which is a good thing for consumers. It’s possible to allow customized coupons that apply specifically to what a consumer actually buys, rather than forcing him or her to buy outside of habit. It may be possible to “remind” customers of deals at the payment processor, where the customer would be most receptive to loyalty offers and coupons. There are exclusive deals you can offer through mobile that encourage customer loyalty as well.

Imagine you’re in line at a terminal, when your phone buzzes. Upon opening, you discover that the item you’re about to buy has a coupon for 20% off the store’s asking price. You can scan this coupon from your phone, without remembering where you might have left it, and you’ll be able to claim your offer seamlessly from the terminal.

Final Thoughts

Ultimately, it will come down to experimentation but mobile payments are finally beginning to see increased adoption rates. Companies will be looking for ways to harness this new technology, so that merchants can deliver tailored solutions to customers looking for a great deal. Consumers will love taking advantage of the new methods to save money and earn loyalty rewards bonuses.


With a low-cost guarantee, and no setup or cancellation fees, Charge.com is one of the most affordable and secure payment processing services available online.

Tips to Save on Credit Card Processing

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woman-paying-with-credit-cardThe costs for small business credit card processing can add up pretty quickly if you’re not careful, but there are some things you can do to try and lower those costs.

Review Your Contract

Most payment processing companies will require you to have some kind of contract filled out in order to process your new account. Usually, these contracts hold you to a period of about two years and contain language that defines your fee structure. Pay close attention to any discounts, to be sure you can meet the requirements to utilize them, and make sure your account is setup properly to take advantage of the fee structure.

If you have the option to utilize phone support during setup, do so.

Reduce Fraud Risk

Payment gateway services process transactions at a set rate, but fraudulent transactions can cost money when they are reversed. Get too many of these transactions and it may even trigger removal of your merchant account. If you become a high risk, reducing your fraud risk will eventually help to correct that status and get lower fees on transactions as well.

The best way to stop fraud? Swipe as many of your customer’s cards as possible!

Shop Around

If your first option is to go to a bank, then definitely shop around. Banks usually contract this processing to another company, so you’re paying extra fees to cover those costs and using a branded terminal. Why pay those extra fees if you can just go to the source yourself? Shopping around will ensure you find a contract with a good fee structure, and discounts you can actually use.


For more than 20 years, Charge.com Payment Solutions, Inc. has been the easiest and most affordable solution for accepting credit cards online.

5 of the best items to buy from best buy

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eharprefinance june 2016The store’s slogan read “Expert service. Unbeatable price.” The best buy chain also claims that with more than 1400 stores at present that it “offers expert service at an unbeatable price more than 1.5 billion times a year.”

This is definitely true in a variety of products, specially on electronics. Here are the 5 best deals at best buy.

Televisions – Best buy is mainly an electronic retailer and therefore offers the best deals on televisions. Most deals will give you 25% off plus free shipping. For a further discount, look at buying your TV during thanksgiving or black friday. Apart from this, best buy offers a price match guarantee on local and online competitors.

Major Appliances – If your looking to purchase your next major appliance such as refrigerators, dishwashers and washing machines, best buy will give you the lowest price. If you are unable to pay the full value up front, the store offers 18 months no interest financing for purchases over $599.

Apple Products – Best buy is a certified retailer for Apple products and the store offers greater discounts than the Apple stores.

Video Games – The store has a gamers club for the best pre order deals on new games. Most discounts range from $10- $20.

Four-Hour Flash Sale – At least once a month, best buy slash their prices on a four hour flash sale. This sale is only available for online purchases.

Tips for the first time car buyer

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eharperfinanceBuying your first car, can be filled with a lot of uncertainty. Investing in a car is a big responsibility and it is important you get it right the first time. Here are a few tips to help with the process.

Establish your budget – You should first know how much you can afford monthly, for your car loan. Start with looking at your cost of living, which should include food, accommodation, entertainment, fuel, car insurance etc.

Transportation needs – Figure out what your main transportation needs are and what you will need to transport. If you are using your car for travelling to uni and work on most days, you could opt for a 2 door hatchback.

Prioritize your wants – Your first time car, will not be your only car. Therefore, invest in a car that fits your needs now. Try to stay away from the expensive models with the pricey extras.

Research – Do your research on models you intend to buy. Online research is quite extensive and would give you a good idea of the pros and cons of the car you intend to buy.

Find a dealer – Locate a dealership and speak to a sales person. Find out what models are available within your price range.

Test drive – Take your car for a test drive. This is a great way to get a feel of the car and identify any features you might want added.

Price – Look at the Kelley blue book fair purchase price. This will give you an accurate idea of what you should be paying for your car in your area. You could also speak to a credit union separately or at the dealership.

3 Things to Consider Before Getting A Short-Term Small Business Loan

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It might be easy to get a short-term small business loan but there’s no doubt that it can turn out to be far more expensive than traditional loans.

The application for such a loan is usually done through a broker and the money is deposited into your account within a few days. You pay the loan back in a year either by daily or monthly payments.

Here are 3 things to remember before signing on the dotted line for this type of loan:

eharprefinance1: Check for fees

It’s vital that you know what additional fees you have to pay when you obtain the loan. In some cases, money lenders charge fees for a loan upfronts. Others will charge if you set up an automatic payments or miss a payment in the future. Check for these fees and how much it will cost too.

2: Know the APR

It must be pointed out that many money-lenders do not inform their clients about annual percentage rates for the loan products that they offer. For your benefit, if you do know the APR, this can help you to compare the cost of the loan to others. Also, if you want to know how much you can borrow based on the monthly payments that you can afford, there are a number of online calculators available online.

3: Check if they report to credit bureaus

It’s been known in the past that a number of money lenders do no report loan information to credit bureaus. This is despite the small business paying the loan off in full. Of course, without this option, a small business cannot build up credit in order to qualify for a traditional loan. Don’t get caught off-guard – check whether they report information before you do anything else.

The Perks of Hiring a Construction Consultant

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Construction ConsultantWritten by: Lyle Charles

Construction claims are known to be complicated. Not only that but when you involve the legal system and skip the settlement process, things can only get more stressful. Construction consulting services help relieve the stress and pressure that is placed on you when dealing with a claim. Here are some common reasons why you should hire an expert.

When lawyers handle the claim, it’s most likely going to be littered with verbiage that can be hard to grasp. Many times you will see a lawyer write claims that only other lawyers with experience would understand. This essentially keeps you out of the loop and can lead to misjudging the gravity of the situation. A simple mistake can cost you time and money. Construction consultants guide you through the claim and help you understand the ins and outs of it.

The standards of the construction industry change due to the fast-paced business environment surrounding it. Don’t get left behind and make the wrong decisions. Claims consultants will help suggest the right courses of action to make for each type of claim.

Negotiations are vital in a successful claim. There are times where the claim won’t even make to court saving you the stress of stalling a project. The best resolution will come from the best negotiations.

A deep analysis of your case is also recommended to understand the needs and volatility of the claim. Seeking out construction consulting will give you peace of mind as you won’t have to make decisions that could affect the outcome by yourself.

Tips on Managing Risk in Construction Projects

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The due diligence performed during construction claim analysis is the same kind that should be performed before the project starts. Performing these basic checks will help avoid risk altogether. Even though some risk is unavoidable, accidents do happen after all, you can safely manage most risky situations with the proper checks and balances in place.

Perform Risk Assessment

Hire neutral construction advisory services to review everything, from plans to scheduling, and look for consistency. Construction projects will involve multiple contracts between many companies, and specific mentions of both payment and timing will be important in the event of a dispute. Careful contract preparation is a crucial part of the pre-planning phase and ensures everyone knows the work they are required to do to get paid.

Document Everything

Another key concern, especially in smaller outfits, is documentation. Documentation saves one’s legal life so-to-speak. It may be a good idea to acquire insurance to cover parts of the project as well. It’s also helpful to have an independent party review any existing contracts for outdated language. It’s common for companies to use forms that are sometimes years old without having updated any of the legal language until a dispute occurs. Even if the law is on your side, make sure the work contract reflects that.

Allocate Risk Appropriately

Upon review of the project, just before ground can be broken, it’s helpful to designate certain parties and responsibilities to help allocate risk. The designer, for example, should only be responsible for design-related projects. This helps put power in the hands of those best positioned to use it for the benefit of the project.

Bio: Lyle Charles Consulting helps construction firms manage risk through claims analysis and mediation. For more information on construction project management, search for Lyle Charles.

The Many Roles of a Construction Consultant

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A consultant is merely someone who has years of experience in a particular industry. Consultants aren’t just experts. In the case of construction, a consultant may perform many duties on site besides evaluating the project. For instance, during disputes, consultants may act as a construction expert witness to help tell your side of the story in layman’s terms to a jury.

 

Expert

A consultant is firstly someone who has expertise in the field of construction. Some have many years occupying jobs at every level, others have owned and managed contracting companies, and still others have particular specialties (like steel fabrication) that fill important niches in the construction zone. That enables a consultant to fill the role of construction expert witness, project manager, turnaround supervisor and other key roles involved at every level of the construction process.

 

Mediator

Disputes are fairly common in construction, and most require little more than a claim to resolve. Occasionally, larger disputes between personnel or vendors can cause hiccups in the plans that throw off deadlines and ultimately cost money. In these cases, mediation is the preferred method to solve disputes. Construction mediation is much faster than trial, does not require legal representation and typically leaves all parties feeling as though they got what was owed to them. Plus, you don’t risk everything on an outcome that is difficult to predict.

 

Manager

Consultants often fill the role of managers, especially in turnaround scenarios. These key personnel sign off on plans, place orders for materials and oversee the entire schedule. Consultants are well suited to this role because their experience informs their decision making.

Bio: Lyle Charles has experience mentoring leaders in the construction industry. Lyle Charles Consulting can help manage commercial or residential construction projects and claims. Contact Lyle Charles for more information.