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    Good Credit Card Use Tips that You Need to Know

    Last updated 4 years ago

    Credit cards are often an important tool for small business owners trying to grow their businesses, but they can also spell disaster if not used correctly. As a small business owner, you have to consider two sides of credit card usage: how much you pay for credit card processing and how you use your own cards. Keep credit card usage issues at bay with these tips:

    Be Realistic about Spending
    You may feel a lot of pressure to spend money to grow your business, but relying on credit cards to speed up your company’s expansion is risky. A survey by the Kauffman Firm found that small businesses increase their odds of failing by 2.2 percent for every $1,000 of debt they take on. Before you charge something on your business card, ask yourself if you will realistically be able to pay off the bill. If you’re counting on your expenditure to generate enough profit to pay for the charge, you probably can’t afford it.

    Get Personal
    As a small business owner, your company’s expenses can’t be entirely separated from your own. In fact, some small business credit card activity is reported to your personal credit report. Scrutinize your business expenses the same way you would your own. If you’d settle for a less expensive office chair at home instead of reaching for your credit card to buy a more expensive chair, then make the same call with your small business card. Remembering that your business moves could have personal repercussions can help keep your spending in line.

    Pay It Off
    The best way to manage a small business credit card is to pay it off every month. Paying only the minimum payments can put your company behind the curve quickly. If you don’t think you can pay off the bill every month, chances are that you’re making unnecessary purchases.

    At Merchant Advocate, we can help you make smart decisions about the other side of small business credit card usage: the processing fees you pay when your customers charge their purchases. Let us find the best possible rates and save you money, year after year. Contact us at (732) 727-2073 to learn how we can help you.

     

     

    Are You An Entrepreneur? Check Out The Links Below For Some Helpful Advice.

    Last updated 4 years ago

    Given the significant investment entrepreneurs make in creating their company’s success, being able to secure the lowest possible credit card processing fees can make a tremendous difference in receiving the revenue you need to keep your business thriving. To find out more about the ins and outs of running your own company, please read the following articles.

    • Fast Company discusses how the first hour of the workday is often the most important one for business owners.
    • Running a successful business takes courage, intelligence, and intuition. CNBC.com explains why seemingly counterintuitive habits can work for entrepreneurs.
    • Mashable.com details how to incorporate an entrepreneurial spirit within your employees.
    • The customer is always right, right? Inc. lists six ways to cultivate a service culture within your company.
    • A key component of ensuring your business’s longevity is to gain customer loyalty. Forbes breaks down how to win over your patrons by making them feel special.

    Merchant Advocate provides business owners with the best credit card services available. We guarantee that you will receive the lowest possible credit card processing fees, which can afford you the extra revenue you need to build your company’s success. To find out more about our merchant services, please call our Jersey City, New Jersey location at (732) 727-2073.

    Take The Time To Read Through Our List Of Helpful Links About Merchant Services

    Last updated 4 years ago

    Starting a business takes considerable time, energy, and financial resources. To find out more about the ins and outs of running your own company, please read the following articles.

    • The Wall Street Journal explains how entrepreneurs can make critical business mistakes before their company ever gets off the ground.
    • Business owners are often obligated to pay the interchange rate that a credit card company sets for credit card transactions. The Institute for Local Self-Reliance explains how credit card expense reduction can help independent businesses and customers alike.
    • Are you sure that you’re getting the lowest credit card processing rate possible? Entrepreneur discusses seven oversights business owners make.
    • The National Federation of Independent Business offers five tips for protecting your business from credit card fraud.
    • If you’re like most business owners, you’re always looking for more ways to make money. USA Today gives entrepreneurs 10 moneymaking strategies that work.

    Merchant Advocate provides business owners with the best credit card services available. We guarantee that you will receive the lowest possible credit card processing fees, which can afford you the extra revenue you need to build your company’s success. To find out more about our merchant services, please call our Jersey City, New Jersey location at (732) 727-2073.

     

    What Do You Need to Know About Small Business Insurance?

    Last updated 5 years ago

    Though businesses should try to lower their costs when they can, such as securing the lowest credit card processing rates possible, it may prove highly beneficial to buy business insurance to protect your company from the unexpected. As this video explains, business insurance can ensure that your company will weather any problems that come its way.

    You can purchase business insurance as a safeguard for a number of situations. It can become essential should your place of business suffer from a fire, flood, or other weather-related event. It can also cover expenses if an employee files for workers’ compensation. Business insurance is also vital if a customer is injured on your premises or by one of your products and claims personal injury damages. In addition, you can buy business insurance to provide reimbursement for customers who do not pay.

    Getting business insurance makes good financial sense, as does receiving the lowest credit card processing fees available. Merchant Advocate can help you get the credit card expense reduction you want. Call our Jersey City, New Jersey location today at (732) 727-2073 to speak with a Merchant Advocate representative.

    Tips for Small Business' Success from CBS News Online

    Last updated 5 years ago

    Starting a business can be a rewarding experience, but it takes determination and stamina to succeed. As this video explains, individuals must be prepared to handle numerous tasks when beginning a business, from hiring staff to overseeing payroll to securing the best credit card processing rates.

    The first question to ask before starting a company is whether you can handle its demands. Nine out of 10 businesses fail in the first five years. Starting a business requires all the considerations of a full-time job and more. You must also be comfortable with making important choices that will decide your company’s fate. Above all else, you must love what you are doing. Considering the total investment of time, energy, and financial resources that you will inevitably put into your company, you must be certain that this business is exactly what you want to do with your career.

    Merchant Advocate wants business owners to succeed, which is why we offer unparalleled service that guarantees the best credit card processing rates for your company. Call our Jersey City, New Jersey location today at (732) 727-2073 for more information.



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