Monthly Archives: January 2017
A Closer Look at Safe Harbor 401k Plans There are important benefits in providing your employees with a safe harbor 401k plan. Safe harbor 401k plans offer businesses certain advantages that traditional 401k plans do not. A safe harbor 401k plan is a low cost retirement plan that is perfect for small businesses. For a 401k plan to qualify as a safe harbor 401k plan, the employer must meet certain contribution requirements that end up benefitting both the employer and the employees. When your company offers a retirement benefit, your 401k plan will be tested to see if it meets industry requirements, which could incur fees if your plan does not meet these standards. Industry requirements test your company’s 401k plan through Top Heavy and ADP and ACP testing which may end up costing your company additional fees if your 401k plan is not up to industry standards. When you switch your company to a safe harbor 401k plan, however, you will actually avoid having to submit your 401k to these industry tests, which means that you will not be subject to possible fees as well. For this reason, small businesses all over the country are switching to safe harbor 401k plans by getting in touch with 3(38) investment managers who help them find and implement the best 401k plans available for their specific company needs. If you want to implement a safe harbor 401k plan, your employer contribution will have to fall within certain specific guidelines. The employer contribution for a safe harbor 401k is 100% of the first 3% of each participating employee’s contribution and then 50% of the next 3%. While it may be a larger contribution than your current 401K plan, saving yourself from having to submit to industry testing would make it worth the expense.
Interesting Research on Funds – What No One Ever Told You
If you would like to find a 401k plan that benefits your company as well as your employees, the first thing you should do is talk to a safe harbor 401k plan provider. If you are looking for the best safe harbor 401k plans available the first thing that you should do is find a 3(38) investment management services provider to help you figure out which 401k plan options would be most advantageous to your company. When you enlist the help of a 3(38) investment management service they will help you reduce the overall financial risk involved with your fiduciary planning.
Learning The “Secrets” of Services
For more information about the benefits of 3(38) investment managers all you have to do is take a moment to visit the official website of a 401k plan provider in your area. To find out more about safe harbor 401k plans all you have to do is perform a search using your preferred search method for the best 401k plan providers or for a 3(38) investment management service in your area.
Should People Give Importance to Credit Card Processing?
One of the many things that you need to know about the online world is that it has been able to change the way people conduct business. As a matter of fact, even the brick and mortar stores have been affected. Credit card processing is as a matter of fact one of the many things that your business is in need of in today’s modern times.
Being a business owner means that you are very much aware of the fact that accommodating each and every customer is important. You have for sure a lot of goals that you want to be able to achieve and for sure one of them is to be able to give your customers a fulfilling and unique experience. As a matter of fact, you are able to achieve this goal through the use of this service since this is a more convenient way for the customers to pay. It is your responsibility as a business owner to ensure that you will be able to keep up with the changes since the society is now becoming a cashless society.
Payment processors is as a matter of fact the popular name for the credit card processing. Basically, the use of this services will mean that the business will be able to process debit and credit cards by making use of the point of sale system. There will be a need for you to pay them for the reason that you are making use of their accounts and equipment as well. There is one important thing that you need to be able to keep in mind when you are thinking of wanting to go online to earn some money or you plan to create your own web site so that you will be able to generate income however, keep in mind one thing. You will not be able to accept any payments online if you do not have a merchant account. There are extreme security measures done in order for a person to be able to pay online and this is the reason as to why people think that this is safer. To be able to make sure that their money will not be wasted is understandable for the simple reason that people have worked hard to earn this.
For you to be accepting credit card payments will as a matter of fact bring you a great deal of benefits. One of the many benefits is the fact that you will now be credible in the eyes of the customers. The customers will start to think that you are a safe company since you accept credit card processing. In the world of business, trust is indeed a very important aspect. If a customer will trust you then for sure he will be making a purchase.
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Guide to Credit Card Readers
If you accept credit card payments in your store or website, you should do it the right way and this means you need to use a credit card reader. It is also known as a credit card swiper or magnetic card reader. It might give you considerable cost in getting a credit card reader but the benefits that it gives to your business far outweigh these costs. Whether you are processing cards at a retail store, online or even on your mobile phone, it is easy to integrate a card reader and take advantage of the many benefits.
When credit forms are processed it will include a lot of mistakes including miscoding or misspelling the creditor’s name, the address, bank account number etc. and when you accept check even a simple erasure or an incorrect date may mean that the shop owner would have to go into a lot of trouble to make the transaction legitimate. By the simple action of swiping a credit card you get advantage of a card reader that makes no mistakes. And because it is electronically processed, all types of verification is subjected spontaneously.
Swiping and reading the card is done is a very fast manner unlike the traditional way so writing them or typing in the numbers, etc. This means that whether you are a small business that processes only two cards a day or an enterprise swiping thousands of cards every hour, your time is still money spent on your side.
Your cashiers are relieved and will no longer have to face making mistakes processing if you use a credit card reader for your business. You should not over look this.
Speaking of which, you customer may be a bit uneasy about you manually typing in their credit card number, and understandably so. Typing a credit card number manually is far less professional that using a credit card swiper. If you are still using the traditional typing numbers method, you will indeed look old fashioned and amateurish, but deeper than that is the questions that consumers might have in their minds on why your business is not concerned about their convenience and security.
credit card swiper is a novelty compared to the full type terminals. Startig to accept credit card payments online will make this more evident. When it comes to size and weight, countertop terminals are heavier and cumbersome compared to the smaller card swipers which also cost significantly cheaper. An additional wireless services in required for credit card terminals and they need to reprogram it for each processor which will surely cost you money. You also need a contract for most point of sales terminals. It is said that using a low key credit card reader is a much better option is you are accepting credit card payments online.
This means that whether you are running a few cards each day or processing multiple transactions every hour, the benefits of a card reader for credit card processing are pretty clear. What this includes is security, flexibility, and convenience.
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What Citizenship by Investment Requirements Do You Have to Satisfy
Interestingly, there is a percentage of the population that is not content with originating from a certain country, meaning that they would also desire to become citizens of other nations. For instance, if the individual’s assets are at risk of seizure due to litigation or political differences, impending chaos, strict currency controls, among others. If you are a wealthy individual who is facing such or other threats to your property, it is wise to consider citizenship by investment. It is a process that allows you to fast-track the legal naturalization process when applying for another country’s citizenship. There exist variations in the requirements you need to fulfill in such applications but most of the basics are similar.
A legitimate immigration department will require you to be a resident of the country for a minimum period before applying for citizenship. The reason for such a sequence of events is to allow the formation of ties with the new country. It will be necessary to demonstrate to the immigration authorities that you have some ties before being granted citizenship by investment.
A thorough background check will be carried out because most countries do not want to grant citizenship to persons with links to terrorism or other crimes. This measure is to prevent the granting of citizenship to terrorists and persons with illegal stashes that they wish to launder in the new country. So, if you have a record of criminal activity, it may be impossible to obtain citizenship by investment. At times, you will be asked to prove that your income is justifiable before taking another step in the process.
You have to meet the minimum investment in place by the authorities of your target country for citizenship by investment to be granted. In most cases, applicants are asked to purchase government bonds, buy a home or rent one for several years, or contribute to a fund that benefits the nationals of the target country. At times, you could be asked to invest in a venture that employs the local population.
If you are granted the dual citizenship, traveling to various other countries will not be a problem. Since most counties have formed political or economic blocks that comprise of numerous nations, and you can travel to any one of them without satisfying the stringent visa requirements in place.
Some nations require you to learn their language so as to get to get citizenship by investment. In other cases, however, no such requirement has to be met.
If your country has a reciprocal visa program with the target nation, getting naturalization and expediting it will be very easy.
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How Business can Grow with Using Payment Processing Gateway to Accept Credit and Debit Card Payments
It is actually a very good practice to pay cash for goods since it will force to manage or purchase only the things limited to your budget than when you are given a free hand to spend what you want. If we are to use cash only to buy things, then most of us will not be able to afford a lot of things and only those who have a lot of cash to spare can do so. This is very true especially these days when everyone else is virtually living on their monthly paycheck and the idea of stretching ones financial aptitude is now possible. This is also a good alternative for an enterprising business owner who wishes to augment its trade or commerce. And so instead of attempting to get a business loan, this is now the means.
This modern world today is a world where debt is already an integral part. It’s almost impossible to fund expensive purchases without going into debt. So when we buy a home we need to mortgage and when we buy a car we need to apply for financing. Some people also have to borrow money to start a new business or as stated earlier, expand an existing one. And for a while, these has amassed a lot of trouble.
Credit card payments are now becoming to be an integral part of our more mature financial impasse. It is a thing of a the past to pay in cash. And this is the reason why it makes sense to offer credit and debit card payments if you want to maximize your business.
Credit and debit card transactions are processed electronically and settled quickly, with proceeds typically deposited into your bank account by your processor quickly. So unlike receiving checks, there is no more waiting for checks to be cleared, and no more billing and waiting for your customers to pay, and you also have less cash to handle. These transactions using credit or debit card is money transaction done electronically where the customer’s bank account is accessed. You simply need to swipe your card in a machine and you get to pay for the goods that you have shopped for, electronically. And therefore by a snap, the whole process is done. Also, an online payment processing gateway enables you to process credit and debit card transactions in real-time over your website. Through a payment gateway, there is an instant processing of the credit card payment with the customer knowing instantly whether their order pushed through or not. The feedback includes whether your payment has been approved or declined by your bank.
You can encourage your customers to shop in both your brick and mortar store or your website if you have both credit and debit payment processing gateways.
Why Should You Accept Credit Card Payments?
Payment convenience matters much to your customers, so if you have an online business you should make sure that you offer this to your customers. Business transactions worldwide happen each day with millions of consumers buying products and services in online stores. And now there are many ways by which a customer can pay for a product. Credit cards used to be the only way you can pay for online purchases but today companies have sprung up offering payment solutions to customer and websites like PayPal and others also offer payment convenience and is now becoming very popular worldwide. You can also find online stores today that only accept e-wallet payments and you are not given the option to use your credit card. Credit card payment is still the preferred payment methods for most online customers.
So what is the reason behind this credit card payment preference?
When you use your credit card in making payment you don’t need to register or set up an online account. With credit cards you don’t have to set up any account before you can use it to pay for your goods.
It is fast and convenient to use credit cards. It can be processed within second once your customer enters credit card details on the checkout page. And it is also instant when they get approved or declined. Your orders will be shipped immediately once you have made your payment and the fund are deposited instantly to the vendors merchant account.
Today, credit card companies offer a better protection from fraud and you are able to chargeback a company for a wrong merchandise. When customers but online they feel safe ordering a product with credit card payments because there is increased protection.
Visa and Mastercard holders have additional security layers for all card purchases with the special Verified by Visa and MasterCard Secure Code program. With the implementation of this feature customers will only be asked for a password during the purchase. The makes the order safe and that the card is used only by the authorized person. When they order products, customers feel safe. If you have this feature working on your website, then customers will trust your store more. and you will be protected from possible chargebacks.
If you use your credit card often, banks usually offer reward points. This can bring them benefits in the long run. So this is the reason why they want to use their credit cards more.
Customers can pay you using their credit card limit. Even if they don’t have enough funds at the moment they can still borrow money from the credit card provider bank. For businesses, this means an increase in sales.
You reach international customers selling online. Using their credit card would be their best option than any other payment methods if they buy your products.
How to Get a Good Credit Card Processing Company
A known fact is that setting up a retail store is hard, and a time-consuming process for the business owner and many decisions need to be made ranging from choosing the right location to securing inventory putting up a retail store involves layers of intricacy that affect the definite the success of the business. It is good to note that some of the vital decisions is choosing a credit card processing company and with literally hundreds of processors to select from the proprietor is overwhelmed by the many options. To get the right credit card processor for the business, the person can follow the tips discussed below, and the first thing to do is to determine the level of risk of the businessperson. Risk in the merchant service industry is based on the intensity of the customer chargebacks, of a poorly run company, of customer fraud and the regulatory risk that is associated with the industry that the person operates in.
For many retailers that accept most of the purchases in person then there is little risk of client fraud via large-scale schemes like utilizing stolen credit cards but if the average ticket is gigantic (like more than $500) like in the case of furniture, or appliance sales, the business can be categorized as high risk due to the fact that if any change backs happen they will involve a lot of money.
The retail business is highly regulated, and firms like pawn shops, pharmacies, vitamin shops or law practices are regarded as high risk because the processor may have liability exposure if the company does not fully follow the industry rules. At time the business can be classified as high-risk if it is new, or the owner has a poor credit history, or they have a poor history of managing businesses and a new operation that has inexperienced people and leaders and in the event that the company does not have adequate capital then it can be classified as a high business.
It is a known fact that once the person has determined the risk level of the firm, they can significantly reduce the pool of potential credit card processors to only those merchants that meet their standard of risk and this is vital because high-risk merchants have very high fees that low-risk merchants may not want to pay and also low-risk credit card merchants do not accept high-risk merchants. Some high-risk merchants slip through the cracks from time to time, but in the long run, bank review audits normally catch up with the mistake and rapidly drop the merchant from their program.
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What To Know When Buying A Credit Card Reader?
Do you want to know how credit card readers function? Such device is extremely important in accepting credit point of a sale and at the same time, they can read employee cards, gift certificates and customer cards. In the world wherein credit card plays an important role in various businesses, these readers take part in reading and also, processing cards to finish sales transaction. The information that the reader gets from credit card is essential in passing info and verifying if the credit card has enough amount to cover the amount of the product to be purchased.
To understand how this thing works even better, it is going to be easier to know its foundation first.
Say that you have a credit card, you probably have noticed the shiny black stripe on the rear portion of your card. That stripe is actually the part that’s being read every single time you swipe the card. It has valuable info which is crucial when validating transactions.
The reason why you are swiping the credit card is to send the needed data from your card which is embedded to the central tracking and billing system that’s capable of processing functions similar to sending info to the credit card company. What the credit card company do confirm after getting a confirmation from the issuing bank that the credit card is legit and the amount in it is either below spending limit or in some cases, the customer is in deep debt already.
It’s also a basic standard function for credit card readers to have magnetic stripe reader, keypad to enter info and small display. They may be attached through keyboard wedge by making use of a USB and can have a printer that is built-in or perhaps attached as a separate unit. The display also comes in different types. Needless to say, the bigger the display, the more information could be viewed at once. A backlit display is also an advantage as this lets you use the reader even in low light condition. Keypads may also differ in the number of keys and sizes. Bigger keypads may improve the ease of use while having more keys usually give you preference to allocate the most used utilities to its own key.
If you want to buy a credit card reader, there are some features that you have to take into account like the ability to attach your computer via USB or other port when processing online, ability to customize some key functions and download data right to your computer or any other electronic devices, shock resistance and AC/DC powered, read other data source you require in your business like insurance cards, drivers license and so forth.
Why Can You Benefit Through Credit Card Processing?
If one has his or her own shop or store, one might be very happy about being able to run it, to enjoy the pleasure of a treasured hobby turned into something truly lucrative and beneficial. One might also know, however, that running a store or a shop is not only about the benefits and advantages, but also about the duties, as it is not easy to run any kind of business in the fierce and competitive world of today. The good news is that there are a lot of ways through which business people can improve their stores, one of which is through credit card processing. One who decides to offer credit card processing to customers and clients, then, will definitely be happy to know that through taking this step, so many wonderful advantages and benefits can be enjoyed.
When one starts processing credit cards, he or she will be able to benefit, first of all, because an increase in sales can be counted on when this step is taken. One might know that in the world of today, so many people have stopped using cash when they buy things or eat out, choosing instead to use their credit cards to pay for things. One who owns a shop or a store, then, can see why it will be very beneficial and very lucrative to start processing credit cards, as it will mean more customers and more profits for the store.
Another thing that business owners can enjoy when they start processing credit cards is the benefit of being able to level the field of competition. If you know about your competition, which might include a lot of companies of different sizes, you might know that they might already be accepting and processing credit cards, pleasing customers and enjoying the sales and profits that they are able to make through the step that they have taken. If you wish your business to survive in the modern world of today, then, it will be a very good idea for you to start processing credit cards, as this will level out the field between you and competitors and give you the chance to survive and even to grow.
When one starts processing credit cards, he or she will also be able to benefit because when this step is taken, he or she can expand to include online sales. Online business is definitely a wonderful way to enjoy great profits and lucrative opportunities, which is the reason why business owners who start processing credit cards, which is required for doing business online, will be able to benefit many things through taking this step.
When all has been said, then, it is clear to see why credit card processing is something which will give people so many wonderful and exciting benefits to enjoy.
The Importance Of Using A Card Credit Reader In Boosting Your Sales
If you are business proprietor and you accept payments from credit cards or perhaps, your plan is to have this in your business, therefore, it is best for you to consider obtaining a wireless credit reader which can assist you in dealing with the cards. With these credit card readers, you can make sure that your credit card or your debit card transaction is not just quicker and easier but these transactions can be much safer.
If you are a business proprietor or you are a sales representative, who must travel to different places often, then, you can surely benefit by means of taking your credit card reader with you when traveling anywhere. This is because one will never realize when a good opportunity will present itself, this simply suggests, you will never know when you can make an excellent sale. And if you have a credit card reader with you, losing out on that huge sale can be prevented.
Transporting the wireless credit card reader is not going to be difficult for you for the reason that it is a small and compact gadget. Therefore, despite of your location, with your credit card reader, you will be prepared in helping all your potential customers who are fascinated in your products or your services.
If you will choose to make use of a credit card reader, you are assured that money can be saved given that this device will help you in preventing stolen credit cards or debit cards or preventing fraudulent transactions. Apart from that, You do not need to fret on simply allowing your transactions to be dependent on a telephone connection. Even though you need to go somewhere where you cannot get a decent connection, this must not worry you given that you still have the chance of processing transactions as these credit card readers contain storage. Storing all the sale you will make on your credit card reader can be done until you will be in a location wherein you will be able to connect. Next, you can process every sale you have made once you have connection.
As mentioned above, if you will choose to make use of a credit card reader, then, you will be able to reduce the chances of encountering fraud as well as the odds of getting stolen cards used on your business. Thus, your credit card reader can be your huge money saver and can help you boost your sales.
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