More than five billion Americans use a debit card that automatically deducts purchases from their checking account without their having to write a check or visit an ATM to withdraw money. In fact, debit transactions account for 31 percent of all retail transactions. Cash is used in just 29 percent of American transactions, with the balance being credit card transactions. For retailers, that means that if you aren’t set up to accept plastic as payment wherever you go, you’re losing sales.…
Many small business owners still find themselves cutting checks every pay period. But though this may seem like the most direct method of payment, there are some advantages to modernizing the process. Switching to direct deposit can be both a cost-effective and easier solution.
Direct Deposit is Cheaper
When it comes to mailing paper checks, there are three primary expenses: administrative time, checks and envelopes, and postage. Direct deposits can be done for either low or no cost comparatively.…
Having poor credit can take a huge toll on your ability to accomplish certain things financially. For example, it can affect the type of home loans, auto loans, and other personal loans that you are able to get. This is because poor credit often leads to lenders providing you with high interest rates to ensure that the loan they provide is going to make them money. To help you get a personal loan without having to worry too much about how your bad credit is going to affect it, consider the following three tips:…
