On average, small and medium businesses in the US spend 15 days and $6000 in labor costs to chase delayed payments EVERY YEAR. As of 2020, there were 3.7 million micro-businesses. That was 532,800,000 working hours down the drain. Surprising, isn’t it?

Denver-based Emergency Locksmith wanted a substitute for the card readers he kept forgetting. But he did not think he would end up giving his customers a better experience and more payment choices.

Small business owners have to adopt all the right measures to meet their future growth targets efficiently. The use of innovative technology can help reduce redundancies within the workplace and optimize operations.

A smartphone offers various benefits, including an mPOS. A mobile point-of-sale is referred to a smartphone or an app that allows you to make the best use of your device for account management, payment receipt, and business bookkeeping.

While the business industry adapted to e-commerce in 2021 and experienced a digital transformation, 2022 will focus more on customer expectations. With e-commerce sales in the United States surpassing $1 trillion in 2022, businesses must prioritize customer experience to gain an edge over their competitors.

Instant payment apps are mobile applications you can use to send and receive money without entering any debit or credit card information. They can be directly funded or linked to your bank account, which makes them quick and simple to use.

The real superheroes of America are blue collared; Handymen, Home Service Technicians, and Small Businesses. But while you build America with your blood, sweat, and elbow grease, don’t forget to keep an eye on your bank balance.

Mobile POS systems have, by and large, replaced cash registers and manual bookkeeping. These innovations have reduced human error, oversight, and fraudulent activity for smaller businesses that previously lacked a proper payment gateway. And that’s not all these apps have done.

In 2020, mobile payment technology collectively welcomed 6.5 million users, most of whom were Gen Z and millennials. They’ve streamlined the technological aspect for several small businesses and professionals.

If there’s one thing most consumers look for when shopping from a business, it’s a convenient payment method. Electronic payment systems are some of the most beneficial developments of the technological era. Read on to learn everything you should know about these payment solutions.

One of the most important aspects of any small business is keeping track of finances. This can be a daunting task for entrepreneurs who often juggle two or three jobs at once, but it's vital to success.