Small Business Owners: Transform Your Smart Phones into Credit Card Readers

/ BY / Small Businesses

As a small business owner, you want to make it easy for your customers to purchase goods and services—and that usually means accepting credit cards. But when you’re running a food truck, a craft shop or some other enterprise on a limited budget, you simply don’t have the money to invest in expensive credit card reading systems. The solution is smart phone technology and mobile credit card processing apps. Square was one of the first to introduce a mobile phone card reader into the U.S. market. That was in 2009. Since that time, the market has exploded, with dozens of companies offering their own variation on mobile credit card reading systems...

Financing Your New Business with a Credit Card

/ BY / Small Businesses

Hoping to start a new business in this new year? Finding the capital to begin your operations will be one of your biggest challenges. Some small entrepreneurs turn to their credit cards to obtain the cash and to buy the equipment they'll need to start operations. Could this work for you? The pros of credit card business financing There are advantages. If you already have a credit card and a good credit rating, you know that you will be able to get the cash out and/or make the purchases that you need to get your business in gear. You don’t have that same kind of confidence if you’re applying for a loan from a bank. You could find investors to help your start-up business, but you may...

Small Business Credit Card FAQs

/ BY / Small Businesses

Operating a small business can be both costly and complicated, especially at first. For this reason, most small business owners will open up a business credit card early on in their business. In addition to providing a cushion to draw money from, opening up a business credit card is advantageous for a number of reasons. It keeps business and personal finances separate, makes taxes and accounting easier, and allows you to earn cash back or rewards on your business purchases. However, the application process, billing, and payments of small business credit cards are different from consumer credit cards. The following frequently asked questions will help you better understand small business...

Business Credit Cards vs Personal Credit Cards -- What’s the Difference?

/ BY / Small Businesses

Many first-time business owners obtain a business credit card for their business expenses, and for good reason. Business credit cards make it easier to track your business expenditures, keep business and personal spending separate, and help give new businesses needed capital. But before you start charging up your new business credit card, it's important to know some of the key differences between personal credit cards and business credit cards. Thanks to the Credit CARD Act of 2009, personal credit cards offer a number of protections to consumers. However, the majority of these rules don't apply to business credit cards. Main differences between personal and business credit cards...

Credit Cards for Small Business

/ BY / Small Businesses

If you have a small business or are considering starting one, one of the first things to consider is how your business will pay for certain expenses. Credit cards designed specifically for small businesses are an excellent way to separate your personal expenses from those of your business while offering the necessary cash flow to keep your business afloat. Benefits of credit cards for small businesses Some small business owners simply use their own personal credit cards to pay for their business expenses, or they don't like the idea of opening up credit for their business. However, the Federal Reserve reports that 83% of small businesses use small business cards, and many financial and...


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