takepayments blog.
Tuesday, 13 October 2020
How to ask for business loans from family and friends
Let’s get straight to the point: borrowing money from close family or friends should not be your first port of call if you are looking for funding. Mixing business with your personal life can be a potentially lethal recipe for fall outs - particularly if you encounter problems with paying back the loan. However, this might be an unavoidable scenario and you may have no choice but to ask your nearest and dearest for a quick injection of capital. But, you need to treat this with an extra level of care. Particularly, as these are the people who know you best. This means they will know your weaknesses as well as your strengths. This level of intimacy is something you need to get over. This person might be someone you have shared history with, but this arrangement should be strictly business. That means you need to…
Tuesday, 13 October 2020
Make sure you get paid on time
Managing cash flow as a small business can be one of the most challenging tasks you will face. Not only do you have to keep on top of your income and outgoings, but you need to make sure you receive the money you are due at the right time. Firstly, consider whether you might be able to get paid immediately. Depending on the nature of your business, you might be able to take payment there and then using a card terminal. It may also be an option to process card payments via a virtual terminal without the customer needing to be there.
Monday, 12 October 2020
Payment processing solutions: Everything you need to know
More and more people are using their debit or credit card to make payments. In fact, card payments are now the norm in the UK. In 2017 we saw some really big changes happening: That’s why it’s key for independent businesses like yours to strongly consider card payment processing solutions.
Monday, 12 October 2020
How to do your own PR for your business
PR, or public relations, is all about the way a business communicates with the general public, promotes itself, and tries to build a positive public image and reputation. The way a business is represented across all forms of media has a massive impact on how consumers perceive it, so ultimately the better your PR the more successful your business is likely to be.
Monday, 12 October 2020
Invaluable online resources for small businesses
Life as an entrepreneur can get pretty hectic, we don’t need to tell you that. There are always 101 things to get done and a to-do list which never seems to get any shorter. It makes sense then for small business owners to make use of the online resources designed to make their lives that bit easier. Now we’re living in such a technological age, the web arena is increasingly competitive and packed full of apps and tools created to do just that. The best bit? Some of them won’t cost you a penny.
Wednesday, 07 October 2020
Brits want contactless limit increased
We don’t need to tell you the COVID-19 pandemic of 2020 has had a dramatic impact on every area of life as we knew it, including how us Brits are making payments. It’s been a tricky time for businesses, who’ve had no option but to rapidly adapt to keep up with government guidelines and changes in consumer habits.
Thursday, 01 October 2020
Micro-merchants - how beepaid could help you
Micro-merchants are the backbone of the UK economy, accounting for 96% of all businesses in 2019, and yet it’s a world that’s often misunderstood. So, before we go into how takepayments can help micro-merchants get paid, let’s strip it right back and look at what being a micro-merchant really means, as well as the challenges they face when it comes to payments.
Wednesday, 30 September 2020
How do I take card payments over the phone?
Taking card payments over the phone lets you reach customers who can't come to your business in person, opens doors that would be closed otherwise during this period and could help you keep trading until everything returns to normal. Wondering how you go about actually doing it? Don’t worry, it’s super simple and you’ve got a couple of options:
Wednesday, 30 September 2020
What's payment tokenisation?
As a small business owner, naturally, the safety of your and your customers’ data is at the top of your list of priorities. You’ve probably heard the work tokenisation bandied about, in fact it’s become a bit of a buzz word in the world of payments, but what does it really mean?