How to get paid by your customers
Nowadays, it has become imperative for merchants, craftsmen and the liberal professions to accept bank cards such as Visa, Mastercard and / or American Express.
Until recently, payment terminals were only offered by traditional banks. But new players are coming to offer innovative services such as mobile devices connected to your smartphone or tablet. In addition, they can be connected to any commercial account on the market.
In the same way, the invoicing methods have changed. While banks charge a monthly rent for the terminal rental, it is now possible to buy a terminal for less than €100 and immediately collect the CBs. Commissions are sometimes higher but no fixed fees are expected.
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Legal Requirements of Cash Registers and POS
Technology has made it possible for companies to run their daily affairs flawlessly. With payment methods such as cash registers and POS, business owners can easily keep track of the daily profits that their business has made. In the UK, some legal procedures must be put into consideration before companies can embrace the benefits of Cash Registers and POS. Just like the legal procedures involved in setting up a business, it is essential to keep a close eye on every step to avoid breaking the law and attracting fines. Let’s take a look at the legal requirements of cash registers and POS in the UK.
The best payment options for small businesses
>UK’s GDP growth has been steady and has recovered since the financial crisis. According to the Financial Times, consumer spending has been one of the driving forces of this recovery. This means that small businesses in the UK have a brighter future. However, the biggest challenge facing most business owners is choosing the ideal payment option from the long list of options available. Although billing your customers is vital, choosing the best payment method for a small business is equally important. Customers need a solution that is safe, fast, and reliable. This post will dive deep into the topic and give you details on the reputable payment options available.