2020 was a tough year for business owners. Those who received some sort of business funding will tell you that this was a real life-saver to their business and got them through the worst of it but also helped them grow their businesses. Many business owners only start looking into funding options when their businesses are failing and often that …
If you’re accepting card payments, you’re bound to incur a card transaction fee on every sale. This is a fee imposed on banks by Visa and Mastercard or similar card associations but you may have noticed that many service providers also charge a minimum turnover fee (a fee based on achieving a defined amount of …
How to get the lowest card machine transaction fee rates Read More »
We all have those clients that say they love our product/service so much that they will definitely return, and then they don’t. What would the financial impact be on your business, your cash flow, your debt or even just your life if your clients actually returned? Would you have made it big time and won …
The South African economy is now in a recession, reducing the spending power that customers have or making those who do have spending power a lot more price sensitive about their purchases. Keeping or growing your market share can be tough during these times, especially when competitors compete even more aggressively and customers are more hesitant to …
6 Ways to Structure Your Pricing During a Recession Read More »
Have recent developments in the South African political and economic spheres been keeping you up at night, led to emergency strategy meetings or stopped you from expanding your business? This month, the WAPPoint team are focused on helping business owners to find ways to overcome the disaster in the economy and turn this into potentially …
4 Ways To Avoid “ Junk Status ” from Affecting Your Business Read More »
With the festive season behind us, businesses are either scrambling for cash flow because of the holidays or need to plan theirs for the quieter period to come. You shouldn’t need to worry about your credit card machine supplier limiting your cash flow as well! Cash flow can be described as the amount of spending …
Card transactions reporting can aid with reconciliations Have you recently enquired about getting Merchant Services for your business and wondered what the supplier means when they talk about reporting? We’re here to help. Transactions Reporting can be defined as the numerical data provided by a merchant service provider relating to the financial flow of monies between …
5 Reasons Why You Need Detailed Card Transactions Reporting Read More »
