Category Archives for "Payments Lingo"

Accounting for Subscription Businesses: What You Need to Know

Whatever your reasons for starting a subscription business, a deep love of business accounting probably wasn’t high on the list. And yet, it’s a necessary part of running your business successfully. In order to create a profitable business, and stay on the right side of the law, you need to cover all the accounting basics. 7 steps to take for subscription business accounting In the early stages of building your subscription business, there are seven important parts of getting your accounting set up. Find a good accountant The advice on this list is a good primer, but a lot of what you need to know will be specific to your business and location. Both to get guidance particular to your […]

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cashless cities

How Businesses Can Thrive In the Wake of Cashless Cities and Subscription Sites

The world is going urban, and that’s not changing anytime soon. The UN projects 68% of the global population will be city dwellers by 2050, up from only 30% in 1950. Populations are rapidly concentrating and smartphones adoption are commonplace. That’s leading to expansive smart city initiatives globally, involving everything from public WiFi to autonomous shuttles to cashless economies. Cashless transactions are now ubiquitous and, especially in urban areas, are the new norm. In the United Kingdom, two-thirds of transactions are now done electronically. There are opportunities here for businesses to embrace this change and make changes that are wins for themselves and their customers. Improve your customer service experience Physical money comes with some significant downsides: Cash handling errors […]

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Looking for a Payment Gateway? Read This First

Once your subscription business is off the ground, you’d probably like to get paid for the service or product you’re providing. To do that, you’ll need a payment gateway – and choosing which one is one of the most critical decisions you can make. (In fact, we recommend that you set up more than one, but we’ll talk more about that later.) Or perhaps your current payment gateway isn’t cutting it, and you’re looking for a new solution. What should you look for when selecting a payment gateway? What is a payment gateway, actually? Why are they important? How can you set them up so that you can process payments without any interruption to your business? Read on to find […]

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