Top 6 Add-Ons for NCR Silver POS

Mobile phone connected to wireless POS terminal, NFC mobile point of sale processing , concept of payment communication technology, cashier hand holding smartphone isolated on green flat vector design

Thanks for visiting another round from the POS integration Hunger Games! Previously, we view the add-ons of numerous POS systems (Revel, Shopify, Vend, Breadcrumb, and ShopKeep POS) do fight. Now&#8217s tribute? The add-ons of NCR Silver.

Produced by tech giant NCR Corporation (history&#8217s first reason for purchase company), NCR Silver has earned its positive status within the POS world and it is presently probably the most adaptive and experienced systems available on the market.

Kudos for you for choosing a tried and true reason for purchase solution! Now it&#8217s time to benefit from the accessible add-ons. This is a shortcut towards the greatest-rated NCR Silver integrations:

Loyalty Programs: PassMarket

passmarket-logoBecause the only loyalty program integration NCR Silver offers, PassMarket wins this category automatically, however the large number of functions available may likely get this to software a front runner anyway.

Rather of attempting to pressure the type of cookie-cutter rewards systems most add-ons provide, PassMarket enables you to create custom loyalty programs for the business. You are able to distribute special deals and coupons for your customers and talk to them directly through their in-application Message Center.

PassMarket offers numerous features beyond just loyalty tools, including (although not restricted to) Gifting, Order Ahead &amp Payment, Geo-location &amp Beacon based messaging, an internet-based Menus. This application integrates with Apple Pay, Android Pay, and Samsung Pay so that your customers are able to place orders and pay using their devices.

The Takeaway: PassMarket is really a mobile customer engagement solution that simplifies the shopping experience for the customers.

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Payroll Services: Paychex

paychex-logoPaychex began in 1971 and today serves 600,000 companies.This payroll service pertains to big and small companies alike. Online use of Paychex can be obtained wherever you’re support services include free mobile phone applications for employers and employees (operated by iPhone and Android devices), use of a payroll specialist, and 24/7 support.

Features include:

  • Payroll outsourcing
  • Accounting
  • Direct deposit/paycard reports ledgers
  • Condition Unemployment Insurance (SUI)
  • Charge card processing
  • Tax credit
  • Some time and attendance services
  • Payroll tax
  • Florida sales tax payment
  • Worker’s compensation
  • Healthcare reform services

Miracle traffic bot also provides you with tools to build up employees, including recruiting, criminal record check, flexible spending account (FSA), retirement, health insurance and benefits, mobile application, an internet-based worker access services.

If you feel Paychex stops at excellent payroll features, reconsider. They provide 401(k) retirement plans and group medical health insurance plans with medical, dental, vision, existence, short-term disability, and lengthy-term disability coverage options. Paychex offers outsourced HR services.

The Takeaway: Paychex goes far above the world of fundamental payroll, delivering services that alleviate the strain of administering healthcare, insurance coverage, and 401Ks.

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Business Operation: NCR Console (formerly CimpleBox)

Image result for ncr logoNCR Console makes business management simple by supplying necessary features like sales reporting and purchasers planning/targeting. Capabilities include:

  • Notifications (email or text)
  • Consolidated dashboard
  • Operational calendar
  • Document management
  • Worker schedule management
  • Payment histories
  • Advanced reporting for timecards, income, labor costs, payroll, inventory, losses, cost-of-goods, customer comments, and census
  • Time-off demands
  • Timecard management
  • Labor cost projection
  • Payroll integration abilities
  • Recipe management
  • Product mix integration

NCR Console even integrates having a training module add-with that provides video tutorial management, exam management, an origin library, certifications to finish of modules/training, competency tracking, and the opportunity to integrate with cellular devices.

Finally, NCR Console enables you to gain much-needed feedback out of your customers with operation execution surveys and customizable questionnaires.

The Takeaway: NCR Console may be the digital manager that may help you run your company just like a well-oiled machine.

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Payment Processor: Elavon

screen-shot-2016-11-14-at-1-26-19-pmI&#8217ve awarded Elavon the title of greatest-rated payment processing integration for NCR Silver (despite some pretty stiff competition) due to its surprisingly different and innovative features.

Elavon enables retailers to merely and quickly process debit and credit cards. They likewise have a person-friendly reporting service you have access to online anytime. Nick cards have become prevalent because of their elevated capability to safeguard your clients&#8217 information. Elavon accepts nick card payments wherever you’re using their Converge Mobile application. You may also accept NFC (near field communications) payments, &#8220Tap and Pay&#8221 payments, mobile payments from Apple Pay, Samsung Pay, Android Pay, and traditional magnetic stripe cards.

Elavon also provides reporting options with two reporting levels, enabling you to access comprehensive reporting and transaction history on one dashboard. If you wish to observe how your small business is doing, you are able to interact with your bank account through MerchantConnect and find out your web statements, evaluate payments, or view reports anytime, anywhere. This integration can also be outfitted with advanced security measures which counsel you regarding how to increase your business whilst protecting your payment data. To learn more, take a look at our overview of Elavon.

The Takeaway: Elavon excels at delivering simple, effective, and sleek payment processing services which means you don&#8217t need to bother about a factor.

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Mobile Payment: LevelUp

levelupLevelUp triumphs within this category because of high ratings and exceptional service.

With LevelUp, mobile payment processing is really a cakewalk. All of your customers need to do is download the application, enter their card information, then scan the QR code on their own phone at checkout. They even order ahead and accrue rewards.

Talking about accruing rewards, i adore LevelUp also provides a loyalty program? This application enables you to select between numerous loyalty campaigns so that you can select the one which most closely fits your company. LevelUp also offers gift certificate abilities where you can offer your clients either plastic or digital gift certificates. This integration can help you engage your clients with surveys to gauge their feelings and opinions regarding your business. Beacon messaging alerts your customers whenever you are offering new deals.

The Takeaway: LevelUp seeks to create your existence simpler on an array of levels using its diverse features.

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Accounting: Xero

screen-shot-2016-11-13-at-8-07-08-pmFounded in the year 2006, Xero has were able to silently upstage classical solutions (like QuickBooks) due to innovative and various features.

Xero offers numerous avenues to satisfy retailers&#8217 accounting needs. This application syncs with your money so that you can instantly import transactions. With Xero, it is simple to manage personal expenses and compensate employees for business costs, stay awake-to-date on purchases and charges, accept payments online services, instantly calculate sales and condition tax rates, and track business assets, for example vehicles and equipment for your office.

Beyond just accounting, Xero boasts numerous additional features:

  • Invoicing
  • Data security
  • Inventory management
  • Payroll
  • Quotes
  • Reporting

You will see the performance of the business with the Xero dashboard, track gains and losses across many currencies, visualize contacts and relationship histories with smart lists, and fix files to accounting transactions so that your details are stored in one location. For more information, take a look at our overview of Xero.

The Takeaway: Xero is a superb accounting choice for small company proprietors.

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What exactly do you think? Have I selected the very best add-ons for NCR Silver? Have you got much better suggestions? Be at liberty to contact us or comment below!

The publish Top 6 Add-Ons for NCR Silver POS made an appearance first on Merchant Maverick.

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5 Methods to Enhance Your Personal Credit Rating

An undesirable personal credit rating could affect your company finances along with your finances. In case your personal credit rating is low, banks along with other lenders are more inclined to deny you business loans because they are able to&#8217t make sure you&#8217ll have the ability to repay their cash. So when you certainly have to keep close track of your business credit rating, don&#8217t result in the mistake of neglecting your individual credit rating either!

Listed here are five methods to enhance your personal credit rating.

Check Your Credit Score

Should you haven&#8217t already, obtain a free copy of your credit score. Additionally to disclosing your own personal credit rating, the report will break lower your causes of credit and debt. It will help provide you with a feeling of what weaknesses your credit might have and the best way to improve it.

After you have your credit score, you can try to dispute any potential errors with credit rating agencies. When you&#8217re in internet marketing, you may also discuss steps to avoid id theft or fraud, which will help prevent credit issues outdoors of the control later on.

Pay Your Financial obligations promptly

It&#8217s impossible to understate the significance of having to pay your debts promptly. Regardless of how much debt you’ve, you should always repay a minimum of the bare minimum—ON TIME. This is the way you prove you’re reliable and could be reliable to gain access to again later on. Having to pay even a couple of days late could have a negative impact on your credit rating.

Behind in your payments? Making up ground is vital. When you&#8217re up-to-date with your instalments, your credit rating should start searching better however, make certain you stay up-to-date with your instalments to maintain your credit up to date. Establishing payment reminders can keep you on the right track.

Keep The Borrowing Ratio Low

In case your charge cards are at their maximum, you&#8217re going to buy a poor place. Ideally, you&#8217ll be utilising under 35% of your credit limit, however if you simply have previously lent in addition to that, concentrate on lowering that percentage. Your credit utilization ratio is something which lenders will appear at whenever you make an application for personal or loans.

Additionally to having to pay lower your charge cards, you may also lower your credit utilization ratio by growing your borrowing limit, if at all possible. Talk to your lenders to see if this sounds like possible. If it’s, keep your spending at or below its current level otherwise, you risk once more lowering your credit rating having a high ratio of utilization.

Check Your Quantity of Credit Sources

Based on your funds, you may want to either open more causes of credit or consolidate the causes of credit you have. If you haven’t were built with a charge card or any kind of loan, you’ll have a completely different experience than somebody that is deeply indebted with house/vehicle/education loan payments or perhaps an unmanageable quantity of charge cards.

Individuals individuals without lots of causes of credit might need to begin by opening a few new accounts. Opening a charge card, utilizing it for any couple of regular expenses, and having to pay it lower promptly is a terrific way to start showing to lenders that you could manage debt. Don&#8217t open a lot of too rapidly, though. Lenders will detect that which you&#8217re attempting to do when they see an array of credit accounts all of a sudden appear inside your name—and it’ll really finish up cutting your credit.

Around the switch side, if you’re battling to handle many causes of credit, you’ll most likely wish to consolidate. Essentially, what this means is mixing multiple financial obligations onto one supply of credit.

For instance, let&#8217s say you have three charge cards open and 2 seem to be at their maximum because there is a lower limit. If you can to, transfer your debt one card having a greater limit. In some instances, you may also have the ability to transfer to some card having a lower rate of interest. This makes your credit a lot more manageable and really should raise your credit score as lengthy while you still pay promptly watching your credit limits.

If consolidating sounds intimidating (it may indeed be complicated!), you are able to approach it with the aid of a credit counselor.

Wait it Out

Should you&#8217ve declared personal bankruptcy or had another major economic crisis inside your past, regrettably, your main option could be to hold back until the incident is taken away out of your record. This could frequently take as lengthy as 7 &#8211 ten years.

As pointed out earlier, there might be some instances in which you might be able to dispute or negotiate a product on your credit score. However, you may even finish up being tied to it. In individuals cases, you&#8217ll need allow it some time and concentrate on the other steps in the above list.

Conclusion

The steps you are taking to improve your credit rating will probably rely on your exact credit situation, however the points right here give a good beginning place for most. Bear in mind that getting a bad credit score doesn’t instantly preclude you against getting financing or beginning a business. For more details about loan choices for companies with a bad credit score, look at this.

Have you got more recommendations concerning how to raise your credit score? Leave a note within the comments!

May your individual credit ratings increase as well as your small business ventures be smooth!

The publish 5 Methods to Enhance Your Personal Credit Rating made an appearance first on Merchant Maverick.

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The Worst Credit Card Terminal Leasing Companies

Upset man holding credit card with laptop on background

Unless you’re running a purely eCommerce business, you’re going to need a credit card terminal to accept credit cards. If your business is large enough, or if you operate out of multiple locations, you might need more than one. Credit card terminals come in many shapes and sizes, from simple wired terminals that aren’t much bigger than a smartphone up to fancy POS terminals that can do much more than just process credit card transactions.

Procuring terminals for your business can be an expensive proposition for a first-time small business owner. Because of this, many traditional merchant account providers have used leasing arrangements to supply their merchants with the hardware they need. If you get anything out of this article, above all remember this: Don’t do it! While that low monthly leasing fee might seem like a bargain compared to the cost of buying a terminal, it’s anything but.

How Leasing Works

Almost all terminal leasing contracts contain the same two provisions: (1) a 48-month (four-year) term, and (2) a clause that makes the lease completely non-cancelable. The standard four-year term deliberately takes advantage of the fact that most merchant accounts start with a three-year term, and automatically renew for one-year periods after that. In other words, even if you successfully close your merchant account after the three-year period is up, you’re still on the hook for your terminal lease for another year. You’ll be paying for equipment that you don’t actually own and won’t even be able to use at that point.

The non-cancelable provision in leasing contracts is far and away the most onerous thing about them. Once the leasing company has your bank account information, they’ll keep deducting monthly leasing fees from your account until the contract expires, regardless of the state of your business. Even if you’ve closed your business and shipped the terminals back, they’ll keep charging you under the terms of your lease. Deliberately breaking your lease before it expires puts you on the hook for an immediate payment of all remaining months of your contract.

Those monthly lease payments can seem tempting, especially if you’re trying to start a new business on a shoestring budget. What the sales representatives pushing these leases don’t tell you, however, is that in addition to a monthly leasing fee, you’ll also pay sales tax and a monthly equipment insurance fee. Here’s a hypothetical example: Let’s say you can lease a terminal for “only” $30.00 per month. Add in $5.00 per month for insurance and 8% sales tax, and you’re actually paying $37.80 per month. Multiply that by 48 months, and the true cost of the contract comes out to $1,814.40. Yikes! Considering that a terminal that leases for that amount can usually be purchased outright for under $300, it’s clear that you’re being ripped off.

Myths About Terminal Leases

If terminal leases are such an obvious rip-off, why do merchants sign up for them? There are several reasons for this. For one thing, the leasing companies have a number of arguments in favor of leasing that can be very persuasive if you don’t do your homework. Here’s what they’ll tell you:

Your upfront costs will be lower. Yes, that first month’s payment will be lower than buying a terminal outright. If you need multiple terminals, you’ll save even more – for a few weeks. After that, the costs just keep adding up until they’ve exceeded the cost of buying a terminal by several hundred percent.

Your leased terminal will be compatible with your merchant account. Again, this is true on its face. What they aren’t telling you is that you can buy your own terminal and have it re-programmed by your merchant account provider to work with their system. While some providers will charge you a re-programming fee, many of the better providers will re-program your existing equipment for free. Even if you have to pay a re-programming fee, you’ll still save hundreds, if not thousands of dollars over leasing.

Your leased terminal is insured in case it gets damaged or stops working. It’s true that if you buy your terminal outright, you’ll have to find either a way to insure it or go without the insurance. If you buy your terminal directly from your merchant account provider, they might be able to cover this. If you buy your terminal online through a third party, it won’t come with any insurance protection. Here’s the thing, though: credit card terminals aren’t nearly as delicate as many of the other electronic gadgets we rely on every day. They’re rugged, and absent deliberate abuse they’ll last for years – possibly even decades – without needing repairs. Obsolescence is a bigger threat to your terminals than physical damage. Given the horrible reputation that terminal leasing companies have for customer service and support, I wouldn’t expect much help if you actually had to make a claim. Overall, terminal insurance is both expensive and unnecessary.

Leasing costs are tax-deductible. Like any legitimate business expense, you can deduct the cost of your terminal lease on your taxes. Of course, you can also deduct the cost of buying your terminals outright just as easily. Don’t let a sales representative convince you that paying 6-10 times the retail price for a terminal is a good deal because you can write it off on your taxes. You’ll still come out way ahead overall by buying your own terminals.

What Happens at the End of Your Lease?

Here’s the worst part about leasing: At the end of your lease, you still won’t own your terminals. They remain the property of the leasing company. Your options at this point vary depending on which leasing company you’re working with. Here are the more common possibilities.

  • You can terminate your lease and return your terminals. You’ll be out from under your lease, but now you won’t have any way to process credit card transactions.
  • You can buy the terminals from the leasing company. Some companies will let you buy your terminals at the end of your lease, but they’ll usually charge you much more than they’re really They won’t give you any credit for all those lease payments, either.
  • You can continue leasing your equipment. Leasing companies will usually allow you to continue leasing your terminals after your initial four-year lease expires. While some companies will allow you to continue leasing on a month-to-month basis, others will put you on another four-year contract. In either case, it’s just not worth it.

How Do They Get Away with This?

If you’ve gotten this far, you’re probably asking yourself why anyone would agree to a terminal lease. Unfortunately, it usually comes down to merchants falling for misleading, high-pressure sales tactics from the representatives pushing the lease. Unethical sales agents will tell you that it’s more economical to lease than to buy. They might also tell you that your merchant account provider only offers leases and that if you buy your own equipment, it won’t be compatible. None of this is true.

Credit card terminals used to be a lot more expensive than they are today. Back then, it might have made at least some economic sense to lease a terminal. Today, thanks to increased competition and advances in technology, you can buy a modern, EMV-compliant, NFC-capable credit card terminal for as little as $120. You’ll still need to have the software load installed to make it compatible with your merchant account, but some of the better merchant account providers will do this for free. Even if you have to pay a re-programming fee, it’s still far less expensive than leasing a terminal.

Some of the more unethical sales agents will deliberately obscure the fact that your merchant account provider and your terminal leasing company are two different entities. This mostly comes down to the fact that they don’t want you to see your leasing contract before you sign it. As we’ll see later, there’s evidence that some of the most unethical leasing companies have gone so far as to deliberately forge merchant’s signatures on their leasing contracts. The best way for you as a merchant to avoid this kind of blatantly illegal conduct is to avoid terminal leases completely.

While there really aren’t any ethical, honest terminal leasing companies that we can recommend to you, we have assembled a rogue’s gallery of the worst companies that you should stay away from. You’re quite likely to run into one or more of these companies in your search for a merchant account, so it’s important that you understand how they operate and how to protect yourself. Here are the companies that you never want to do business with:

First Data Global Leasing (FDGL)

First Data logo

First Data Global Leasing is a subsidiary of mammoth First Data, which is probably the largest merchant account provider in the United States. Although we’ve reviewed First Data favorably, we can’t say the same thing about First Data Global Leasing. With expensive, non-cancelable leases ranging from 24 to 48 months in length, FDGL has generated a huge number of complaints from merchants for its business practices.

FDGL primarily leases proprietary First Data-branded credit card terminals and POS systems, including the very popular Clover Station POS. While First Data’s hardware offerings are all solid products, it’s much more affordable in the long run to buy them rather than leasing them. The Clover Station POS, for example, can be bought for around $1,000.00. While this is a big investment for a small startup business, it’s a lot less than what you’d pay overall for a four-year lease. You’ll also own your equipment outright from the beginning, rather than having to either send it back to FDGL or pay a second time to buy it after your lease expires.

FDGL’s website is remarkably basic, and doesn’t provide much information about either the terms of their leases or the leasing fees associated with their products. They do, however, include a brief FAQ that should be enough to convince you that leasing through them is a terrible deal. Hey, at least they’re honest.

You should also check out First Data’s Merchant Services Terms and Conditions, which includes a copy of the leasing contract. It’s on pages 31-32, and I’ve highlighted some of the most egregious provisions. Because FDGL is part of First Data, you won’t have two separate contracts for your merchant account and your equipment lease. At the same time, it’s easy for merchants to skip reviewing this section when they sign their contract since it’s buried in the middle of 48 pages of fine print.

FDGL doesn’t have a separate profile with the BBB, so you’ll have to look under the main First Data profile. Here, you’ll find that First Data has an A+ rating – despite being unaccredited by the BBB and having over 1,000 complaints on file. Looking through those complaints, it’s apparent that a significant number of them involve issues with FDGL’s leasing terms. Unfortunately, responses from First Data make it very clear that they will strictly enforce the terms of the lease in almost all cases.

Ripoff Report has an additional 72 complaints filed against FDGL, including several merchants alleging that FDGL’s sales agents forged their signatures on leasing contract documents. At ConsumerAffairs.com, you’ll find another 56 1-star reviews from merchants who have been abused by this company. There’s even a Facebook group called First Data Global Leasing Victims, where merchants have posted complaints about FDGL and its leasing contracts.

When shopping around for a merchant account, you need to be aware that First Data has a very extensive network of resellers, some of whom use FDGL to lease their equipment. Merchant account providers such as Elite Pay Global, TransFirst, and many, many others use First Data as their backend processor and offer First Data terminals and Clover POS systems. If you’d like to use First Data’s equipment or take advantage of the services such a large processor can provide, take a look at Dharma Merchant Services. One of our favorite providers, Dharma utilizes First Data (and other processors) but doesn’t partner with FDGL. In fact, they don’t lease terminals at all. They’ll either sell you a terminal at a fair price or re-program your own equipment for a reasonable fee.

Northern Leasing Systems, Inc.

Northern Leasing Systems logo

If you think FDGL is a terrible company, I have bad news: there are even worse leasing companies out there that you need to avoid at all costs. Based in New York City, New York, Northern Leasing Systems, Inc. has been in business since 1991. In that time, the company has managed to build such a terrible reputation with merchants that it’s resorted to doing business under numerous DBAs and through various subsidiaries, including Golden Eagle Leasing LLC, Lease Finance Group LLC, MBF Leasing LLC, Lease Source-LSI, LLC, and others.

Like most terminal leasing companies, Northern Leasing uses a standard contract that runs for four years and is utterly non-cancelable. If you’d like, you can review their Lease Agreement right here. It’s pretty clear from even a brief overview that the contract can’t be canceled and you can’t break it early without having to pay off the remaining months of the contract. So why do merchants ever agree to this? The truth is they often don’t know what they’re getting themselves into when they sign up for a merchant account. Northern Leasing usually doesn’t sell or market their terminal leases directly. Instead, they partner with many different merchant account providers, who package their “services” as part of setting up a new merchant account. Merchants often don’t understand that their lease is through a separate company and not their merchant account provider. Northern Leasing’s contract is buried inside the fine print of a merchant’s contract with their merchant account provider, and many merchants don’t read everything in their contracts before signing them. Also, sales representatives – particularly independent agents – often do a poor job of explaining the terms of the equipment lease when trying to sell a merchant account.

Northern Leasing is not accredited by the BBB and currently has an F rating. There have been an unbelievable 631 complaints filed against the company within the last three years, with 260 complaints being filed within the last twelve months. Even more complaints can be found on the BBB profiles of several of Northern Leasing’s subsidiaries.

On the company’s BBB page, you’ll also find details about a lawsuit filed against Northern Leasing and several of its subsidiaries in April 2016 by the New York Attorney General. The company is accused of fraudulently forging merchant’s signatures on contracts and illegally obtaining default judgments against merchants who have stopped making payments on their leases. The lawsuit seeks compensation for merchants who have been harmed by Northern Leasing’s predatory and illegal practices, and the complete dissolution of the company. If you’ve been victimized by Northern Leasing or one of their subsidiaries, by all means go to the Attorney General’s press release about the lawsuit. It contains websites and phone numbers where you can find out more about the suit and get your claim added to it.

Northern Leasing also has 282 complaints on Ripoff Reports, with the same allegations being raised. You can also find many other complaints on the web. In fact, a search for “Northern Leasing” mostly leads to consumer protection websites where merchants have complained about the company’s business practices.

Unfortunately, many merchant account providers continue to use Northern Leasing to provide leased terminals to their merchants. These providers include Central Payments (CPAY), Elite Pay Global, TransFirst, Velocity Merchant Services, and many others. While many of these providers are solid, reputable companies themselves, you’ll definitely want to avoid leasing your equipment from Northern Leasing.

Lease Finance Group (LFG)

Lease Finance Group logo

Based in Chicago, Illinois, Lease Finance Group (LFG) has been happily ripping off unsuspecting merchants since 1992. The company is actually a subsidiary of Northern Leasing Systems, Inc., and pretty much everything we’ve said about Northern Leasing applies to LFG as well.

LFG claims on their website to be the “#1 Point of Sale (POS) equipment lessor in the country.” Whether it’s actually true or not, this is a dubious distinction at best. LFG utilizes the same absurd non-cancelable four-year leases to charge merchants as much as ten times the actual retail value of their terminals over the life of the lease. It’s clear from LFG’s primitive, bare-bones website that they’re not directly marketing their “services” to merchants. Instead, they’re looking to partner with merchant account providers so they can sneak their awful lease contracts into the overall contract between the merchant account provider and the merchant. This way, merchants often overlook the onerous terms of the lease contract, and in many cases don’t even know that they have a separate contract with LFG at all.

This sort of unethical behavior is compounded by independent sales agents, who often fail to disclose any of the terms of the lease when signing merchants up for an account. Even the most inexperienced merchant would refuse to agree to one of these leasing contracts if they knew and understood what the terms of the lease entailed.

Lease Finance Group is not accredited by the BBB and currently has an F rating. The company currently has 379 complaints, almost all of which involve the absurd terms of their leases and the company’s tendency to continue charging merchants after their leases have expired. There is also an alert for the lawsuit brought in April 2016 by the New York Attorney General against LFG, Northern Leasing, and several of their other DBAs. While this action is still making its way through the courts, it’s encouraging to see that state governments are finally cracking down on this kind of unethical and illegal behavior.

Like its parent company, the internet is littered with complaints against LFG, including 598 complaints on Ripoff Report alone. Unfortunately, LFG is still being used by TransFirst and many other merchant account providers to supply leased equipment to their customers. If you’re looking into a merchant account provider, be sure to read our reviews and any other reviews you can find online. Merchant account providers rarely disclose the identity of their leasing partners on their company websites, and you certainly can’t count on a sales agent to give you an honest answer about this, either.

LADCO Global Leasing Solutions

LADCO Global Leasing Solutions logo

LADCO Global Leasing Solutions is a subsidiary of Elavon, one of the largest merchant account providers in the United States. The company is located in Knoxville, Tennessee (with a second office in Thousand Oaks, California) and appears to have been in business since 1979. While Elavon provides a decent line of products and services for merchants, the same cannot be said about LADCO. Like all our other worst-rated leasing companies, the company relies on noncancelable, four-year leases to extract far more money from their merchants than what their equipment is worth.

Elavon goes out of its way to avoid disclosing its relationship with LADCO, and for a good reason. The leasing company has a terrible reputation among merchants for high prices and unfair leasing contracts. LADCO’s reputation is so bad that it no longer maintains its own company website. The company’s former site, www.ladco.com, now re-directs to Elavon’s website. So much for keeping the relationship between the two entities a secret…

While LADCO and other leasing companies go to great lengths to keep merchants from fully reading their contracts, we’ve found copies of them on the internet. Even a brief look at LADCO’s Equipment Finance Lease Terms reveals how one-sided these contracts are. The first thing you’ll (hopefully) notice is that the word noncancelable is right in the title of the agreement. Merchants often don’t understand just how strictly this term is enforced. What this means is that you are liable for the full cost of all 48 monthly payments (and possibly more) from the moment you sign your merchant account provider contract. LADCO will not let you out of your contract under any circumstances. Did you sell your business? Too bad. Did your business fail and you are shutting down altogether? Again, too bad. I’ve even seen complaints where the business owner has died, and the executor is frantically trying to get the lease canceled and the equipment returned – to no avail.

You should also note that LADCO, like most other leasing companies, provides their equipment on an “as is” basis, with no warranties or guarantees whatsoever. In other words, if your equipment doesn’t work, it’s up to you to contact the manufacturer and get it fixed – which you have to pay for. The fact that your monthly lease payments also include charges for “insurance” that won’t do you any good just makes it that much worse.

LADCO does not have a separate profile with the BBB, but you can find plenty of complaints against them under Elavon’s profile for their Knoxville location. While the profile shows 182 complaints over the last three years, some of them refer to problems with leased equipment and many others refer to other aspects of Elavon’s merchant account services. There are also 132 reports on Ripoff Report alleging similar problems with LADCO.

Like Northern Leasing and its numerous subsidiaries, LADCO has frequently found itself in legal trouble over its business practices. In April 2012, the Ventura County District Attorney’s office settled a case against LADCO’s Thousand Oaks office after uncovering evidence that sales agents were misrepresenting just about everything in their leases, including the length of the lease, the fact that it couldn’t be canceled, and the true cost of the lease. LADCO was also apparently leasing used equipment and misrepresenting it as being new, among other practices. There was also evidence that sales agents were forging merchant’s signatures on their leases. To settle the lawsuit, LADCO agreed to pay over $418,000 in fines and restitution, and to be bound by a permanent injunction prohibiting similar violations of the law. Unfortunately, this settlement only seems to have brought relief to merchants located in Ventura County.

The Elavon BBB profile also discloses a similar legal action by the Tennessee Attorney General in 2015. Under the terms of this settlement, LADCO is providing refunds to affected merchants. Again, this settlement seems only to apply to merchants in Tennessee. Despite these legal settlements, the complaints keep coming in from angry merchants, and it’s clear that LADCO hasn’t reformed its business practices in any significant way in response to these legal setbacks.

Needless to say, if you’re considering signing up with Elavon for a merchant account, you’ll want to avoid being stuck with a terminal lease through LADCO. Be aware that many of Elavon’s re-sellers, including Costco Merchant Services, also use the company to furnish leased equipment. Helcim, one of our favorite providers, uses Elavon as a processor but sells terminals directly rather than offering leases through LADCO.

Exceptions to the Rule

While in almost all cases we recommend that you buy your terminals or POS systems outright, there are two notable exceptions to this general rule. One exception is if you’re working with CDGcommerce, one of our favorite providers. If you need a credit card terminal, CDG will provide one at no upfront cost to you. The only thing you’ll have to pay is an annual $79.00 fee for insurance and equipment upgrades. This works out to $6.58 per month – a fraction of what the leasing companies will charge you. Unlike the terminal leasing companies, your contract with CDG is month-to-month, so you’re free to close your account and return your terminal without having to pay anything extra.

The other exception applies only to Canadian merchants. In Canada, EMV-compliant terminals are not designed to be re-sold, so you’ll have to rent them instead of buying your own. Helcim, our favorite Canadian merchant account provider (and one of the best choices for US-based merchants as well), will rent you a terminal for a reasonable fee. Helcim’s contracts are also month-to-month, so you can return the terminal at any time with no penalty.

Conclusion

It’s not hard to see how the leasing companies make their money. With credit card terminals being more affordable than ever, it’s easy for a company to buy a huge number of terminals at wholesale prices and then lease them out to unsuspecting merchants. The initial cost of buying the terminals is recouped within the first few months of the lease, and from there it’s pure profit. By providing the equipment on an “as is” basis, the company avoids the additional cost of servicing terminals once they’ve been leased. In fact, it’s apparent that none of these companies have an actual customer service department to speak of. The incredibly one-sided nature of the leasing contracts makes them a literal “license to steal.”

How can you protect yourself? First and foremost – buy your own equipment. If you don’t have the money to pay for your terminals, put it on your business credit card or consider a merchant cash advance. Even with the additional interest, you’ll save a lot of money over getting stuck in a lease. Don’t ever let a sales agent tell you that you have to use their leased terminals. As long as you use a terminal that your provider supports, you can have it re-programmed to work with their service. While some providers will re-program your equipment for free, others will charge a fee for this. Re-programming fees can run as high as $150, but they’re usually much less. In any event, you’ll still save money over leasing.

Also, beware of “free” terminal offers. While some of these offers are legitimate, many are not. Yes, there are a few providers out there that will let you use a terminal for free as long as you maintain your merchant account with them. Other providers will include the fee for the terminal in your monthly account fee, so the terminal isn’t really free. In the worst cases, a sales agent will deliberately lie to you and tell you you’re getting a free terminal, when they’ve actually signed you up for one of these leases without your knowledge or consent. Don’t accept a “free” terminal offer without checking it out first.

The unscrupulous business practices of the leasing companies we’ve profiled here represent sociopathic capitalism at its worst. While many of the more reputable merchant account providers have abandoned terminal leases altogether in favor of selling the terminals directly (or allowing you to bring your existing equipment), there are still plenty of other providers who are still pushing terminal leases. It’s reassuring that a few state and local government agencies are finally beginning to crack down on these shady companies, but their actions so far don’t seem to have put much of a dent in their business activities. Until a more comprehensive legal remedy becomes available that puts these companies out of business, the best way to protect yourself is simply to avoid doing business with them completely. If you’ve had any experience with any of the companies we’ve profiled in this article, please feel free to tell us about it in the comment section below.

The post The Worst Credit Card Terminal Leasing Companies appeared first on Merchant Maverick.

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Best 12 WordPress Styles for Courses, Tutorials & Learning Management Systems

Top WordPress Themes for Courses &amp Tutorials

The development of technologies have altered the way in which the world functions in practically every sphere from politics to medicine to relationships &#8211 and particularly education. This source calculates up to 5.8 million individuals have took part in a web-based course, which number is just growing. Getting a web-based education presence is important &#8211 whether you’re a residential area college, a distinct segment education startup or you need to increase your YouTube tutorials.

What should you aren’t a coder? That’s no problem any longer! WordPress Styles can definitely provide you with the upper hands if you wish to manage a top quality &amp professional website but still be economical. It’s an incredible platform since it provides a high score with user-ambiance, versatility with design &amp functionality, and contains great Search engine optimization potential. With no, you actually don’t need to be tech-savvy to have it okay!

And also the cherry on the top is the fact that WordPress is open-source, so you’ll obtain a huge network or support &amp sources to construct a sensational website. Forget blowing your financial allowance and-commitment contracts having a design firm.

A significant element to bear in mind while you’re scrolling with the a large number of styles available available &#8211 you’ll need a method to manage all of the facets of your web learning center. A learning management system for courses and tutorials is generally handled having a wordpress plugin (a credit card applicatoin for particular task inside a theme) since it’s the purpose element, not really a design element. Two best course plugins on offer are : Sensei by WooCommerce &amp CoursePress by WordPress.

However, courses and tutorials do present certain design challenges that may be solved having a particular theme. Furthermore, there are several styles that bundle the functionality you will need (like timers, quizzes, etc) to help keep things simple. Otherwise, make certain the theme you decide to go with will sync together with your wordpress plugin of preference.

Everything stated, listed here are the very best 12 Best WordPress Styles for Web Based Classes &amp Tutorials! Many of these options either include the functions you’ll need or integrate well with plugins like Sensei &amp CoursePress.

Disclosure &#8211 this site receives customer referral charges from companies and merchandise pointed out on this web site. All data &amp opinions derive from ShivarWeb staff&#8217s independent research and professional judgement.

Academy

Academy Theme

Academy includes a professional design with a little modern &#8211 and it is functionality is from the charts. Because it was produced particularly for online education, it’s bundled with the features you can imagine, including course &amp lesson filing, ratings, user profiles and payment integration with WooCommerce. And you may personalize the look elements to mirror your brand. See Academy here.

Clever

Clever Theme

If your minimalist, clean design best reflects your idea, Clever may be the theme for you personally. It genuinely gives your users a enjoyable experience on any device since it’s a responsive design. Clever features it’s own learning management system that enables you to definitely personalize each course how you want, and so they have integrated a PayPal payment system for you personally. You are able to personalize from fonts to colours to layouts, therefore the design facts are your decision. See Clever here.

College

CollegeCollege was created particularly for that Education arena, meaning it’ll have all of the bells &amp whistles that you’re searching for like slideshows, galleries &amp a number of publish types. It’s classic, clean design is responsive &#8211 therefore it will appear great on all devices. Plus you are able to personalize all of the little details to suit your own design. See College here.

Education Center

Education CenterEducation Center is yet another WordPress theme crafted particularly for online education, however with an innovative, fun spin on it’s design. The large plus with this particular theme may be the integrated lesson management system. There are several fabulous plugins available which will perform the same factor, but Education Center has packaged it in. It is also a responsive theme with a lot of customizable options. See Education Center here.

Education Hub

Education HubEducation Hub has a unique design that’s really not only an internet site visit &#8211 it’s an entire experience. The slider is gorgeous and you’ll also provide their hands on a sticky menu that actually works ideal for displaying current courses or offers. The look aspects of this theme are customizable and it is a responsive design which will look fabulous on any device. See Education Hub here.

Edugate

EdugateIf you are searching to find the best all-in-one theme, Edugate is the choice! It features a modern, thoughtful design that’s really intuitive for you personally as well as for your customers. It’s course management system is really easy to make use of, plus it’s integrated having a wordpress plugin which will manage payments &amp billing. It’s practically all you could want. See Edugate here.

Invent

Invent ThemeInvent provides you with a design which will set you in addition to the others having a unique feel and look. It’s a really effective platform and it has all of the functionality that you’ll require. The creators have integrated it with LearnDash, one other popular learning management system wordpress plugin by WordPress which will help you to personalize and make your courses &amp profiles. You may also personalize the feel of the look by modifying colors, fonts &amp layouts. See Invent here.

Guru

Guru ThemeGuru is yet another great WordPress theme having a vibrant, engaging design that’s very user-intuitive. It’s incredibly versatile and utilizes all of the plugins necessary &#8211 together with a management system, payment system &amp a social networking + forum system. It’s very easy to utilize, particularly if you aren’t scared of additional plugins! See Guru here &#8211 it’s a very fabulous choice.

Language Course

Language CourseElegant and practical &#8211 that describes Language Course perfectly. Here’s another out-of-the-box theme which will have all the feaures you would like, from solid menus to custom element design to video integration. And anything extra that you would like to include can be simply completed with a wordpress plugin because this theme is really versatile. See Language Course here.

Language Courses

Language CoursesTherefore the name isn’t exactly original (see previous theme) however their design is unquestionably original and incredibly attractive! The slider adds an innovative element which enables you to definitely market or display different products or facets of your company. Plus all of the actual elements of design are simple to switch to your requirements. It is also responsive, so it’ll look wonderful anywhere. See Language Courses here.

Learning Management System

LMS ThemeIf you are searching for any crisp, dynamic design, LMS is the best option! It’s another firm foundation for the website since it’s compatible wonderful your necessary plugins &#8211 including course management through Sensei, a calendar system together with payments &amp forums support. And you may personalize your personal creative look using the elements of design. See Learning Management System here.

Philosophy Courses

Philosophy CoursesPhilosophy Courses is yet another incredible off-the-shelf theme built only for online education &#8211 and it’s not necessary to consider that certain! It features a unique, interesting theme design with factors that are simple to personalize for your preference. You’ll get effective menus and video integration plus a host of other wonderful features. See Philosophy Courses here.

Skillfully

SkillfullyLast and surely most famously on the list is Skillfully &#8211 an incredible do-it-all theme that provides you with a good platform to construct a effective website. It had been crafted particularly with internet education in your mind, so you’ll get compatibility for from payments to tickets to class subscriptions and much more. This theme also offers a fairly awesome calendar/occasions feature. See Skillfully here.

Genesis Theme Framework

StudioPress ThemesA style framework is really a single theme with consistent, wealthy functionality that enables simple design changes across a variety of styles. The Genesis is among the earliest (and many leading edge) theme frameworks in the realm of WordPress. Their theme comes with an immense quantity of well-documented features and “hooks” where one can implement infinite functionality for you and your clients.

StudioPress also offers lots of “plug and play” child styles for Genesis with several education-specific child styles that you could install as they are. Take a look at Genesis by StudioPress here.

Elegant Theme Framework

Elegant ThemesLike Genesis by StudioPress, Elegant Styles is really a large, established styles creator using their own theme framework. They likewise have an in-depth theme “club” in which you get limitless use of styles to download, try to swap out when needed. They are a good option for an increasing website-based business that wishes plenty of choices. Take a look at Elegant Styles here.

Conclusion

Joining the WordPress team is among the best options available to achieve publicity and traffic for the site, the best of this? It’s all completely controlled on your part! Make certain to make use of styles rich in coding standards, and don’t forget that the good theme is flexible and utilizes other plugins.

If you are thinking about creating an incredible site with WordPress on your own, here are a few detailed guides on how to find a theme, how to setup your site and the way to get began with WordPress.

Best of luck! Tell me for those who have any suggestions within the comments!

The publish Best 12 WordPress Styles for Courses, Tutorials &#038 Learning Management Systems made an appearance first on ShivarWeb.

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The Best High-Risk Merchant Account Providers

High Risk rubber stamp on white.

Just about everyone in business these days needs to be able to accept credit cards. Finding a reputable merchant account provider to process those credit card transactions for you can be a pretty daunting challenge for any business, but it’s even harder if you’re a high-risk merchant.

So, what is a high-risk merchant? In the simplest terms, it’s any business that for any reason presents an elevated risk of fraud to the credit card processor. While this is usually due to the nature of the business itself, it can also occur if the business owner has particularly bad credit or the business caters to customers that are deemed to present a higher risk of fraud. Every processor has its own set of criteria for deciding whether a business is classified as high-risk. Thus, a business might be deemed high-risk by one processor, but not by another. Examples of businesses that are normally classified as high-risk include those in the adult entertainment industry, e-cigarette and vape shops, and online gambling sites. Those seem pretty obvious, right? Well, there are also a lot of other categories of high-risk businesses that aren’t so obvious. Bankruptcy attorneys, for example, can be classified as high-risk – a good example of how your customers can put you in the high-risk category even if you have perfect credit yourself. Furniture stores are also sometimes classified as high-risk due to their large average ticket size. For a complete discussion of the high-risk merchant category and a full list of businesses that often fall into it, see our article on the subject.

How does being a high-risk merchant affect getting a merchant account? Quite frankly, it makes it a lot harder and more expensive. Despite the intense competition within the merchant account provider industry, getting approved for a merchant account is never a sure thing. Providers have to balance the risk presented by a merchant applying for an account against the potential profit to be made from the account if it is approved. In most cases, they err on the conservative side of things, meaning high-risk merchants simply aren’t approved for an account.

Other providers will approve you, but you won’t get nearly as good a deal as a non-high-risk merchant would receive. Instead, you’ll pay higher processing rates and account fees, and you’ll usually be stuck with a long-term contract and an early termination fee. In some cases, you might also be required to put up a rolling reserve to get approved.

Merchant account providers that are willing to sign up high-risk merchants fall into two categories. On the one hand, there are the companies that indirectly market to high-risk merchants. Unfortunately, many of these companies are among the bottom-feeders in an industry that already has a reputation for being ethically-challenged. Look out for claims such as “instant approval” or similar gimmicks that suggest they’ll approve any merchant, regardless of their credit history or the nature of their business. Sign up with one of these companies, and you’ll be guaranteed to pay higher rates and fees, be saddled with a long-term contract, and receive virtually no customer support or service after the sale.

On the other hand, there are a handful of companies that we call “high-risk specialists.” These are ethical, honest companies that have a lot of experience working with high-risk merchants and will do their best to get you a decent deal on a merchant account. Below, we’ve profiled five merchant account providers that deliver the best service to high-risk merchants. While there are a handful of other high-risk specialists out there, these are the ones that we feel offer the highest quality service available.

How We Chose:

High-risk merchants have essentially the same needs as everyone else when it comes to finding a merchant account – it’s just harder to find them if you’re in the high-risk category. High-risk retailers are going to want to have access to reliable, up-to-date credit card terminals, as well as possibly POS systems and mobile payments solutions. eCommerce merchants in the high-risk category will need a solid payment gateway, and possibly a virtual terminal to go with it. Integration with online shopping carts is another important feature.

You’ll also want the best pricing plans and contract terms you can get. Here’s where a dose of reality comes in. There are several truly outstanding merchant account providers that we’ve awarded 5-star ratings to, and with good reason. They offer low interchange-plus (or subscription) pricing, month-to-month contracts, and excellent customer service and support. Unfortunately, one of the ways they keep their costs down and can offer such great terms to their merchants is by avoiding the high-risk category altogether. In other words, you won’t get approved for an account with them if they decide that you fall into the high-risk category. Getting approved for a merchant account if you’re considered high-risk involves a few compromises. You won’t get the lowest rates. You will pay more in fees than a non-high-risk-merchant. And you probably won’t get a month-to-month contract (although sometimes you can successfully negotiate one). That said, the high-risk specialists we’ve identified below will usually be able to get you a deal that’s above the industry average, even if it’s not the best of the best.

We’ve identified the following criteria in evaluating our best high-risk merchant account providers. Here’s what we looked at:

  • High-risk specialization. This involves more than just marketing toward the high-risk sector. A true high-risk specialist will have a sales staff (preferably in-house) that’s trained and experienced in dealing with high-risk merchant accounts. Likewise, their customer service representatives will also be trained in working with high-risk accounts.
  • Hardware. Unless you’re running a purely eCommerce business, you’re going to need equipment to process card-present transactions. This could be a standard wired credit card terminal, a wireless terminal, a POS system, or a mobile smartphone-based system with a card reader and an app. Regardless of what type of hardware works best with your business, we highly recommend that you buy your equipment outright rather than leasing it. Standard terminal leases run for four years and are noncancelable, meaning you’ll have to buy out the remaining months of your lease if you close your account. Note that some providers offer a “free” terminal with your account. Be wary of this and read the fine print. While this offer might work out if you only need one terminal, you’ll often end up paying a higher monthly account fee (i.e., the terminal isn’t really free), and you could also be locked into a long-term contract with a hefty early termination fee. Don’t accept a magstripe-only card reader! With the switch to EMV, you’ll need equipment that can process both magstripe and EMV cards. Equipment that can process contactless payments using NFC (such as Apple Pay) is also a good idea as this type of payment method is rapidly gaining in popularity with consumers.
  • eCommerce support. If your business has an online presence, you’ll need a payment gateway to process your sales transactions. You might also want a virtual terminal to go with it, as this will allow you to input card-not-present transactions from any internet-connected device with a web browser. Card readers that connect to your computer via USB or Bluetooth expand the usefulness of a virtual terminal by allowing you to process card-present transactions as well.
  • Sales and advertising. Misleading sales gimmicks and dishonest sales agents are common problems in the merchant account provider industry. While we like to see full disclosure of contract terms, processing rates, and account fees right on a provider’s website, even the best high-risk specialists often fall short in this area. There’s a reason for this. High-risk specialists often work with multiple third-party processors to find one that can accommodate your needs. With each processor setting their own rates and terms, it’s practically impossible to spell out all the details on a website. You’ll want to work closely with your sales representative and negotiate to get the best terms available. Just be aware that as a high-risk merchant you’re not going to get as good a deal as a non-high-risk merchant.
  • Pricing. Costs associated with maintaining a merchant account include both processing rates and account fees. Processing rates are assessed on a per-transaction basis, while account fees are billed monthly or annually. Ordinarily, we recommend an interchange-plus pricing plan for processing rates over a usually more expensive tiered pricing plan. As a high-risk merchant, however, you will have a harder time getting approved for interchange-plus pricing. It’s still worth asking for during the negotiation process, though. Likewise, you can also expect to pay higher fees than a non-high-risk merchant would. For a more detailed look at rates and fees, see our Complete Guide to Credit Card Processing Rates and Fees.
  • Contracts. There has been a trend in recent years within the merchant accounts industry to do away with the standard three-year, automatically renewing contract and allow month-to-month contracts instead. Expensive early termination fees are also gradually being phased out as part of this trend. Unfortunately, as a high-risk merchant you usually won’t be able to participate in this positive development. Providers are more likely to sign you up for the traditional long-term contract. It’s worth asking for when negotiating the terms of your account – just realize that the odds are usually going to be against you.
  • Customer support. This is a challenging area for many merchant account providers, especially when trying to provide 24/7 support by phone or email. Many of the better providers are increasingly putting more self-help resources right on their websites, including tutorials and articles explaining in detail how their service works. This allows merchants to solve some of the simpler problems so that support staff have time to deal with more complex issues. While some providers offer better customer service than others, all of our recommended high-risk processors exceed the industry average in this area.

With these criteria in mind, here’s a more in-depth look at five of our recommended high-risk merchant account providers:

Durango Merchant Services

Durango Merchant Services logo

We’ve listed Durango Merchant Services first for a reason. Of all the merchant account providers who specialize in setting up accounts for high-risk merchants, they’re the best of the best. While they aren’t perfect, they are good enough that we even recommend them for non-high-risk merchants. Founded in 1999 and headquartered (naturally) in Durango, Colorado, they have an excellent reputation for honesty, fair rates, and great customer service and support.

Durango doesn’t try to set you up with expensive leases when it comes to processing equipment. Instead, they offer a variety of terminals for sale right on their website. Options include both wired and wireless models, with some offerings that support NFC payments. They also sell the iPS Mobile Card Terminal, which connects to a smartphone to provide mobile payments capability in conjunction with the iProcess mobile app. If you’re using a virtual terminal, they sell the MagTek DynaMag, a USB-connected magstripe card reader that attaches to your computer. Unfortunately, it’s Windows-only. Durango currently doesn’t offer any POS systems for sale.

Durango supports eCommerce through their proprietary Durango Payment Gateway, which integrates with the numerous processors the company uses and includes support for most of the popular online shopping carts. Durango’s gateway also features an Authorize.Net Emulator, which allows it to interface with any shopping cart that works with Authorize.Net. Pricing for the gateway is not disclosed.

Because Durango works with such a wide variety of third-party processors to set you up with a high-risk merchant account, they don’t list rates or fees on their website. These will vary tremendously depending on which processor they set you up with. While we normally like to see more transparency from merchant account providers, in this case, it’s understandable. Depending on your qualifications, you can expect either an interchange-plus pricing plan or a tiered one. Don’t get too excited about the “rates as low as 1.39%” quote on their website – you’ll probably be paying more than that. Merchant accounts through Durango don’t seem to have standardized fees. Again, these will depend on the terms that your backend processor imposes.

Durango assigns a dedicated account manager to every one of their merchants, which means you’ll be talking to the same person every time you have an issue. While this can sometimes be problematic outside of normal business hours and when your account manager isn’t available, overall it provides a much higher level of service than you’ll get from a random customer service representative.

PROS:

  • Direct sales of processing equipment
  • Reasonable rates and fees based on your business and your backend processor
  • Dedicated account manager for customer service and support

CONS:

  • No support for POS systems
  • USB card reader not compatible with Mac computers

For more information about Durango Merchant Services, see our complete review here.

Payline Data

Payline Data high risk merchant accounts

Another 5-star provider, Payline Data isn’t as exclusively focused on the high-risk sector as Durango Merchant Services. However, they do accept high-risk accounts and advertise this prominently on their website. Founded in 2009 and headquartered in Chicago, Illinois, Payline is a relative newcomer to the merchant accounts industry, but they’ve quickly established an excellent reputation for honesty and fair prices. They also provide a full range of products and services to get you started, including terminals, POS systems, and mobile payment solutions. Payline uses Vantiv as their backend processor and partners with them for their iPad-based POS system.

Payline doesn’t offer terminal leases, but they will sell you a terminal or re-program the one you already own. The terminals they offer support both EMV and Apple Pay. Their website doesn’t go into specifics, so talk to your sales representative to see what’s available. They also offer the Vantiv Mobile Checkout app to provide either a tablet-based POS system or a smartphone-based mobile payments solution.

For eCommerce merchants, Payline offers a proprietary payment gateway that integrates with over 125 online shopping carts, supports subscription pricing, and offers numerous fraud protection features. Pricing for the payment gateway is not disclosed on Payline’s website.

Payline discloses a simplified interchange-plus pricing plan on their website: all retail (i.e., card-present) transactions are charged interchange + 0.20% + $0.10 per transaction, while all online (or card-not-present) transactions are charged interchange + 0.35% + $0.10 per transaction. There is a monthly $15.00 account fee. There are no application fees and no early termination fees. Contracts are all month-to-month. Customized pricing (with presumably lower processing rates) is also available to merchants processing over $80,000 per month. Unfortunately, as a high-risk merchant, this simplified pricing may or may not be available to you. Depending on the nature of your business and your processing history, you should expect to see higher (but still reasonable) processing rates. You should also expect to have a rolling reserve included in your account.

Payline provides excellent customer service and support by telephone and email. They also have a great knowledge-base on their website for self-help. Online complaints about Payline Data are very few and far between, which is a good indication of the overall quality of the service they provide.

PROS:

  • Full range of hardware options with no equipment leases
  • Minimal account fees, including no early termination fee
  • True month-to-month contracts

CONS:

  • Only available in the United States and Canada
  • Rates, fees, and contract terms may be substantially different than advertised for some high-risk merchants

For a more detailed look at Payline Data, be sure to check out our full review.

Cayan

Cayan (Merchant Warehouse)

Formerly known as Merchant Warehouse, Cayan has been in business since 1998 and is headquartered in Boston, Massachusetts. While the company doesn’t specifically market itself to high-risk merchants, its broad range of services and competitive terms make it an above-average choice for those in the high-risk category. Effective negotiation is the key to getting a fair, cost-effective deal on a merchant account from Cayan. Note that the company uses First Data as its primary backend processor, and so you can expect to have to put up a reserve in order to establish a high-risk account.

One of Cayan’s best features is their full range of credit card terminals, which are offered for direct sale at very competitive prices. You don’t have to worry about being pushed into an expensive terminal lease. The company offers a number of wired and wireless terminals from Ingenico and Verifone, as well as several other models. All are EMV-compliant, and most either support NFC payments natively or when used in conjunction with a pin pad. Cayan also offers their proprietary cloud-based Genius platform, a terminal/POS hybrid that supports magstripe, EMV, NFC, and QR code-based payments. Cayan also offers a Mobile Chip Card Reader for EMV-compliant mobile payments on an iOS or Android device.

Cayan also supports eCommerce by offering the popular Authorize.Net payment gateway. This can be used by itself, or in conjunction with Cayan’s proprietary MerchantWare Virtual Terminal. Pricing is not disclosed for either of these optional services.

You won’t find any specific information about processing rates on Cayan’s website, but the company offers interchange-plus pricing to all merchants. Account fees aren’t disclosed, either, but you can expect to pay $7.95 per month for a statement fee, $99.00 per year for PCI compliance, and have a $25.00 monthly minimum. As a high-risk merchant, you might also be subject to additional fees and a rolling reserve.

Contracts through Cayan are month-to-month and have no early termination fee. The company’s customer service options include telephone, email, and chat, although the latter is sometimes unreliable. Cayan has an above-average reputation when it comes to customer service, although it’s not as stellar as some of the other providers we’ve profiled here.

PROS:

  • Wide range of terminal equipment for direct sale (no terminal leases)
  • Month-to-month contracts with no early termination fee
  • Interchange-plus pricing

CONS:

  • Above-average number of complaints relative to size
  • Account fees not disclosed on website
  • $99 PCI annual compliance fee

For more information, see our complete review here.

Instabill

Instabill logo

Headquartered in Portsmouth, New Hampshire, Instabill has been in business since 2003. The company uses a large number of backend processors to provide accounts to high-risk merchants and offshore companies doing business in the United States. A high-risk specialist, they also provide accounts to non-high-risk merchants as well. Although they’re a fairly small company, they have a strong reputation for being able to provide merchant accounts to businesses that would otherwise have a hard time being approved for one.

Instabill doesn’t provide very much information about credit card terminals and other hardware on their website. They do offer a variety of Verifone and Ingenico terminals, many of which support both EMV and NFC-based payments. Be aware that these terminals are probably being offered through a lease – which you should avoid like the plague. We recommend that you buy your equipment outright and have Instabill re-program it to work with their accounts. You’ll save thousands of dollars in the long run.

The company also partners with CardFlight to provide a mobile, EMV-compliant POS system and a smartphone-based mobile payments system. Pricing for these options is not disclosed on the Instabill website.

For high-risk eCommerce merchants, Instabill offers their proprietary international payment gateway that can process transactions in multiple currencies. If you’re in the MOTO (mail order/telephone order) sector, they also include a free virtual terminal.

Because Instabill works with so many different backend processors and there are so many variables that go into determining rates and fees for a particular business, they don’t advertise any specific fee or rate information on their website. They do, however, provide a Merchant Account Fees and Rates page which explains many of the factors that go into determining these costs. They’re also upfront about the fact that you will pay more as a high-risk merchant. Contracts are also highly variable for the same reasons, but you should expect a standard three-year term with an early termination fee in most cases.

Instabill uses a team of in-house sales representatives to set up accounts and doesn’t rely on independent agents. Customer service is also entirely in-house and includes telephone, email, and chat options. While the quality of customer support is generally very good, it’s also limited to normal business hours. Instabill is a solid choice if you’re a high-risk merchant who’s had trouble getting approved with other providers. Be aware, however, that they don’t accept everyone. Their prohibited list includes business categories such as drug paraphernalia, cigarettes, and weapons.

PROS:

  • High approval rate for hard-to-place businesses
  • International payment gateway with multi-currency support
  • In-house sales and customer service staff

CONS:

  • Offers equipment leases rather than direct sales
  • Customer support only available during normal business hours

For more information, see our complete review here.

Host Merchant Services

Host-Merchant-Services-logo

Host Merchant Services is a relative newcomer to the merchant accounts business, first opening in 2009. The company is headquartered in Newark, Delaware and has a second office in Naples, Florida. While they don’t specialize in high-risk accounts, their website lists several high-risk business categories that they can accommodate. Their interchange-plus-only pricing and a full range of products and services make them an excellent choice if you can get approved. A former web hosting company, HMS is ideally suited for eCommerce merchants. They use TSYS as their third-party processor.

For retail merchants, HMS offers a variety of Verifone and Equinox (formerly Hypercom) terminals. Terminals are offered for sale, and the company does not lease its equipment. While prices are not disclosed on the HMS website, you should be able to negotiate a very reasonable deal on terminals, especially if you need more than one. If you already have a compatible terminal, they’ll re-program it for free.

HMS offers a variety of POS systems that utilize either tablets or touchscreen displays. Choices range from an 8” tablet-based system up to a 17” touchscreen monitor. The company’s Starter, Plus, TouchStation Plus, and Custom POS options should fill the needs of just about any business that needs or wants a POS system.

If you need a mobile processing capability for your business, HMS has you covered. While their website still promotes their proprietary HMSPay app, the company has very recently discontinued this in favor of ProcessNow, which they offer via a partnership with TransFirst. ProcessNow works with either iOS or Android phones, but the current card reader is magstripe-only and requires a headphone jack to plug into.

As a tech-focused company, eCommerce is HMS’ specialty. The company has recently introduced their proprietary Transaction Express payment gateway, which includes a free virtual terminal. (Note that the HMS website has not been updated to show this new product as of this writing). HMS also supports a large number of third-party gateways, including Authorize.Net.

HMS uses interchange-plus pricing exclusively, which is a huge plus. While they don’t disclose their rates on their website, they’re based primarily on monthly processing volume and are very competitive. See our full review for more details. Fees are not disclosed either, but include a $24.00 annual fee, a $14.99 monthly account fee (which includes PCI compliance), a variable payment gateway fee ($5.00 per month for Transaction Express, $7.50 per month plus $0.05 per transaction for Authorize.Net) and the usual incidental fees (i.e., chargebacks, voice authorizations, etc.). Again, you might have to pay additional fees if you’re a high-risk merchant. Contracts are month-to-month with no early termination fee.

HMS provides customer service and support via 24/7 telephone and email. Chat is also available through their website during normal business hours. They also feature an extensive collection of articles and blog posts on their website for customer education. Support quality appears to be well-above-average, based on the almost complete absence of complaints about it on the BBB and other consumer protection websites. Assuming that your business falls into one of the categories of high-risk business that the company can accommodate, HMS is an excellent choice for a merchant account.

PROS:

  • Full range of products and services for retail and eCommerce businesses
  • Exclusive interchange-plus pricing plans
  • Excellent customer service and support

CONS:

  • Rates and fees not disclosed on website
  • Can only accommodate a small number of high-risk business categories
  • Mobile card reader not EMV-compliant

For more information, see our complete review here.

Conclusion

Running a business is a challenging proposition in itself, but it’s even harder if your business is in a high-risk category. We’re all aware that a distressingly large number of new businesses will fail within the first few years of starting up. It’s not hard to believe that many traditional merchant account providers take advantage of this unfortunate reality with their long-term contracts, early termination fees, and expensive terminal leases.

If anything, new high-risk businesses are even more likely to fail than others, which is one reason merchant accounts are more expensive for them. All five of the providers we’ve profiled in this article are good choices for high-risk merchants. Which one is best for your particular business will depend on a number of factors, including your credit history, your processing history, and which high-risk business category you fall under.

For particularly risky businesses that have a hard time being accepted by other providers, we recommend Durango Merchant Services as our top overall choice. Less-risky businesses can also find good service and terms through Payline Data or Cayan. Instabill is the best choice for international businesses operating in the United States. Finally, Host Merchant Services is a particularly good fit for eCommerce merchants, although they can only approve a limited number of high-risk business categories.

None of the providers we’ve profiled offer much in the way of specific information regarding rates, fees, or contract terms available to high-risk merchants. Be aware that the information they do provide on their websites applies to non-high-risk merchants, and you may or may not be eligible for them. Our best advice is to do your research ahead of time, talk to sales representatives from the companies you’re interested in to see what they can offer you, and review your proposed contract thoroughly before signing up. Lastly, unless you have a long and stable processing history, most high-risk merchant accounts will require a rolling reserve. Just remember that your reserve will decrease over time as you build up a processing history.

If you’ve had any experience with any of our top high-risk merchant account providers, please feel free to leave a comment below.

The post The Best High-Risk Merchant Account Providers appeared first on Merchant Maverick.

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Small Company Loans 101: Repaying The Loan (Part 3)

repay small business loansNote: This information is Part 3 in our Small Company Loans 101 series. Should you haven&#8217t already, take a look at parts 1 and 2: Choosing the best Loan provider and also the Application.

Once you&#8217ve found a loan provider, went through application, and received your funds, all you’ve got left to complete is spend your funds!

Indeed, and pay back the loan.

Regrettably, when you are most likely aware, loans have a price money. You spend it well. With interest.

Here&#8217s all you need to know to know your relation to repayment, guidelines for repaying the loan, and list of positive actions whenever you&#8217re done having to pay the loan.

Relation to Repayment

To pay back the loan on time, it&#8217s vital that you know whether your instalments are fixed or variable, how frequently you need to pay back, and just how repayments are created.

Fixed versus. Variable Payments

Repayments might be fixed or variable.

Borrowers having a fixed repayment pay exactly the same amount each time they make a repayment. For instance, a customer may need to pay $341 on the bi-weekly basis before the loan is compensated off. Barring extraneous conditions, the customer won’t ever pay more or under the $341 dollars.

Variable repayments mean the total amount you&#8217re having to pay may change. You might have a flexible repayment schedule for 1 of 2 reasons:

  • You’ve got a loan (or advance) that’s paid back by deducting a portion of the income. For instance, your loan provider might subtract 15% of every purchase before the debts are paid back. These financing does not possess a maturity date, because repayment depends upon your income.
  • Your rate of interest depends upon the best rate. When the prime rate rises, same goes with your rate of interest and therefore your instalments. Naturally, when the rate of interest drops, your rate of interest and payments will too. The best rates are generally employed by lenders who offer loans with lengthy term lengths, or individuals that provide credit lines.

Repayment Frequency

Previously, almost all loans were compensated monthly. Nowadays, lenders may need payments in several times, including monthly, bi-monthly, weekly or daily. Daily repayments are usually only made every week day, excluding bank holidays.

Repayment Method

The days are gone if you need to make sure to write and mail inside a check (mostly). Now, many lenders go for a computerized repayment system, by which your instalments are deducted right from your banking account via ACH. All you need to do is make certain the cash is incorporated in the proper banking account.

Some still allow payment via checks. However, many charge a cheque processing fee, which could cost your company a substantial price of money with time.

Guidelines for Repaying The Loan

Theoretically, repaying the loan is simple all you need to do is payout your loan promptly. However, poor budgeting or any other hangups could make that idea a bit more difficult. Listed here are a couple of ideas to help you stay on the right track.

Create a Budget

Whether you spend by check or perhaps your payments are deducted via ACH, you need to be sure the cash is incorporated in the bank when it’s needed. To guarantee the cash is ever present, it&#8217s best to create a budget&#8212or adjust your financial allowance if you have one.

Based on Corporation&#8217s &#8220How to begin a company Budget,&#8221

A financial budget will include your revenues, your costs, and &#8212 most significantly – your profits or income to be able to determine regardless of whether you have money remaining for capital enhancements or capital expenses.

By monitoring where your hard earned money is originating from on and on to, and just how much you&#8217ll requirement for every month, you&#8217ll have the ability to make certain a person always has enough money to cover everything necessary, loans incorporated.

To learn more on how to create a budget, mind to Corporation&#8217s full article.

Know Your Loan provider&#8217s Overtime Policy

Because of unforeseen conditions, you might be unable to payout your loan. Lenders realize that, every so often, problems may arise many possess a overtime policy because of this.

For instance, some lenders offer a brief elegance period, by which no charges is going to be billed and absolutely nothing is going to be reported towards the legal action. Others permit you to miss some payments, that will then be added in to the finish of the repayment schedule.

Make certain you realize your loan provider&#8217s overtime policy, so that you can make adjustments and recover while accruing a small amount recently charges and credit rating hits.

Talk With Your Loan provider

Lenders don&#8217t enjoy being left at nighttime in case your payments become irregular or stop, plus they don&#8217t know what you think, they&#8217ll eventually think that you&#8217ve defaulted.

Should you&#8217re getting problems paying, contact your loan provider and inform them what&#8217s happening As soon as possible. Frequently, lenders are prepared to exercise an alternate payments schedule, presuming you communicate rapidly enough and don&#8217t create a practice of irregular payments.

When You Refinance

There comes a period when watch should consider refinancing their debt. (That’s, taking out a new loan to repay outstanding debt.)

There’s two big causes of refinancing:

  • Your company is continuing to grow and you have use of bigger loans at lower costs. This really is frequently known as &#8220graduating&#8221 to higher debt.
  • You’re battling to pay back your financial troubles, so you’ll need a loan with long term lengths, smaller sized monthly obligations, or fewer costly rates of interest and charges.

If either of individuals seem just like a situation you&#8217re in, a treadmill you might be in at some point, read this article for an entire rundown of why and when you refinance.

Once You&#8217ve Paid back The Loan

Making one last payment on the loan, whenever which may be, is reason for celebration. Before you take out the champagne, however, remember that there’s two stuff you still need do.

First, make certain that automatic repayments have stopped. Automated repayment systems from time to time keep pulling payments, even though you&#8217ve finished having to pay your financial troubles. This may be easily remedied by calling your loan provider and getting the issue for their attention.

Second, check UCC records to make sure your loan provider has released any liens in your business. Liens left in your business can make it harder that you should find financing later on. Read this article for additional info on liens.

Final Ideas

Repayment could possibly be the easiest or hardest area of the lending process. A properly-applied loan might help your company prosper. However, missing payments or defaulting on the loan can make problems for your company.

Learn how to place problems in early stages, and also you&#8217ll have the ability to solve repayment problems prior to them getting began.

The publish Small Company Loans 101: Repaying The Loan (Part 3) made an appearance first on Merchant Maverick.

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Top Ten Add-Ons For Wix

wix

Most website builders provide you with a couple of standard features to utilize. You&#8217ll get eCommerce, a blogging tool, Google Maps, a message form, and perhaps a couple of other odds and ends. For more functionality, there’s frequently some type of HTML tool available which enables you to definitely insert an embed code from, say, PayPal or MailChimp.

However, I&#8217m prepared to bet most ambitious site proprietors don&#8217t join an internet site builder to allow them to fiddle around with embed codes. They would like to create the website inside the builder itself without getting to fool around with outdoors programs along with other such nonsense. Thankfully, Wix makes this possible. The Wix Application Market contains a remarkable 250 add-ons that may be added to your website with only a couple of clicks. This wide selection of add-ons is the reason why Wix probably the most versatile website builders available.

Let&#8217s check out the best and many popular add-ons the Wix Application Market provides.

(This really is the beginning of my three-part series around the Wix Application Market. Listed here are parts two and three.)

1. Wix FAQ

wix

Sure, you may create an FAQ using simply text, what fun would that be? Who wants to be FAQ-shamed, if you don&#8217t want website visitors making fun of the dull, lifeless FAQ, add some Wix FAQ application to simply create attractive pages. Select from four professional-searching layouts, add social share buttons for your solutions, personalize the colours and text any way you like &#8212 it&#8217s an excellent tool for supplying solutions to questions which are requested frequently.

The conventional Wix FAQ application is free of charge and lets you equal to seven questions. The Premium version, readily available for $1.95/month, enables to have an limitless quantity of questions as well as enables you to insert videos in to the mix.

2. Wix Get Subscribers

Wix&#8217s Get Subscribers application is definitely an e-mail marketing tool that may enable you to get a pleasant fat pile of monetizable subscribers.

wix

With this particular totally free add-on, you are able to increase your listing of email subscribers, there&#8217s no-limit to the amount of subscribers you are able to accumulate. Get notified if you register a brand new subscriber. Choose whether horizontal or perhaps a vertical layout. On top of that, your subscribers is going to be instantly put into your address book, which may be attached to the next Wix application on my small list:

3. Wix ShoutOut

Shoutout is definitely an application for creating and delivering attractive newsletters, filled with text, images, videos, and links. Mail them towards the contacts in your contacts list. Your ShoutOut newsletters could be concurrently shared on social networking whenever you mail them.

The disposable version enables you to definitely distribute 3 ShoutOuts and 5000 emails monthly, as well as contains Wix branding. You will find three different ShoutOut compensated subscription levels, each with various amounts of benefits:

Fundamental

  • $4.35/month (annual plan)
  • $4.90/month (monthly plan)
  • 5 ShoutOuts monthly
  • No Ads
  • 9,500 emails monthly
  • 10,000 contacts
  • Mobile Enhanced
  • Premium Support

Business Essential

  • $8.60/month (annual plan)
  • $12.90/month (monthly plan)
  • 20 ShoutOuts monthly
  • 50,000 emails monthly
  • 25,000 contacts
  • Connect with your Domain

Pro Limitless

  • $32.75/month (annual plan)
  • $42.90/month (monthly plan)
  • Limitless ShoutOuts monthly
  • a million emails monthly
  • 200,000 contacts
  • Very important personel support line

4. Social Networking Stream

With Social Networking Stream, an application produced by PowerUP, you are able to stream the information you publish for your social networking accounts straight to your Wix website. You&#8217ll have the ability to add streams in the following:

  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • Pinterest
  • VK

The disposable form of Social Networking Stream includes fully customizable design, is mobile responsive, and includes Pages and Hashtag support. The premium version, readily available for $3.97/month, enables you to connect an limitless quantity of social networking feeds (the disposable version only enables for just one such connection), removes the emblem, updates your stream instantly, and includes Search engine optimization support.

5. Comments

Would you desire feedback in the public in your website efforts? If that’s the case, what the heck is wrong along with you? Ha, just kidding. Wix&#8217s Comments application enables you to collect comments out of your website visitors and integrate with Wix Store so users can publish reviews filled with star ratings. The add-on also enables social networking discussing, so that your users can share their comments using their social networking supporters (which seems like this type of productive utilization of one&#8217s time). Your comments ought to box is going to be updated instantly, if you have the ability to generate enough interest, you can aquire a virtual chat room going.

As the free version limits you to definitely ten comments, the compensated version, readily available for $3.97 monthly, enables for limitless comments, in addition to comment moderation so that you can delete undesirable comments and approve new comments before they reveal up. This is often helpful because I&#8217ve heard that typically people could be mean on the web.

6. Wix Music

The Wix Music application gives the time to create a little moolah with individuals annoying ukelele songs you&#8217ve been recording inside your bed room. Upload your own music in WAV, FLAC, ALAC or MP3 format. For sales, you&#8217ll need to connect the application for your PayPal Business account, though Wix won’t take any commission. You may also get advanced statistics on the amount of plays, shares, purchases and downloads for the tracks and albums. Wix Music can also be integrated with ShoutOut, allowing you to market your albums and distribute band newsletters for your subscribers.

Additionally to the suggestions above, reasonably limited subscription (provided with a compensated Wix subscription, less a standalone subscription) will allow you to distribute your own music on over 120 streaming services an internet-based stores, including iTunes, Google Play, Tidal, and Deezer. You&#8217ll likewise be able to connect with the Wix Store to market merch. It&#8217s pretty sweet.

wix

7. 123 Form Builder

An adaptable form builder is important for that small company searching to connect with its customers. With 123 Form Builder you&#8217ll have the ability to add almost any type of form you would like with simply a couple of clicks.

wix

Begin building your form from among the following templates:

  • Order Form
  • Sales Lead Form
  • Client Satisfaction Survey
  • Resume Form
  • Donation Form
  • Event Registration Form
  • Online Quiz
  • E-newsletter Subscription Form
  • Online Poll
  • Testimonial Form
  • Support Request Form

123 Form Builder will come in both free and premium form.

Free

  • 10 Fields Per Form
  • 100 Form Submissions Monthly
  • 5 Total Forms
  • 24+ Form Field Types
  • Live Chat Support

Premium

  • $3.99/month
  • 30 Fields Per Form
  • 1000 Form Submissions Monthly
  • 8 Total Forms
  • Custom Autoresponders
  • Multiple Recipients
  • File Upload
  • PDF Submissions

8. Wix Stores

Provided with a Wix eCommerce or Very important personel subscription, Wix Stores includes all of the tools you&#8217ll need to produce a lively and functional online shop.

wix

With Wix Stores, you&#8217ll get access to the following:

  • New Templates
  • Product Galleries
  • Mobile Enhanced
  • Professional New Store Manager
  • Integrated Shopping Cart Software
  • Add Online Coupons, Tax &amp Shipping Rules
  • Multiple Payment Methods
  • Secure Checkout
  • Easy Customer Management
  • 24/7 Customer Care

Wix Stores makes Wix a beautiful eCommerce solution, placing it alongside the kind of Squarespace and Shopify. Should you&#8217re searching into launching a web-based store, you can perform a lot worse than Wix Stores.

9. Site Search

Have you got a large website? Lots of ins, outs, and just what-have-yous? Website visitors can find precisely what they&#8217re searching for (text, images, products, etc.) with Site Search, something from InstantSearch+. What&#8217s more, you&#8217ll have the ability to see the thing it is people are trying to find, assisting you better tailor your website happy to these potential customers&#8217 preferences.

The disposable package lets these potential customers constitute to 30 searches and syncs looking together with your websites content every week. The compensated version, readily available for $4.99/month, lets these potential customers conduct limitless searches, conducts the sync daily and when needed, gives autocomplete tips to your users, includes special eCommerce search filters for visitors performing searches of the online shop, and much more.

10. MPZMail

MPZMail is a well-liked third-party tool for designing and creating attractive mass emails for your subscribers as well as for managing your email list. It&#8217s another tool Wix provides that will help you achieve to your supporters.

The MPZMail free package is very generous. You&#8217ll have the ability to send as much as 12,000 emails per month to two,000 contacts, capture email subscribers directly from your site, store limitless contacts, and gather detailed statistics on just who reads your mass emails (and who clicks the hyperlinks contained within). The compensated version, readily available for three dollars per month, eliminates the branding at the end of the emails and provides you 3,000 email credits per month &#8211 a $30 value.

Conclusion

In comparison using their many bare-bones competitors, Wix really provides you with the various tools to simply produce a flexible, well-supported site for almost any purpose on the planet. All of these features come under the umbrella from the Wix Application Market, which means you won&#8217t need to look elsewhere to import the characteristics you’ll need. Add these functions with only a couple of clicks rather.

Existence&#8217s way too short for embed codes.

The publish Top Ten Add-Ons For Wix made an appearance first on Merchant Maverick.

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SiteBuilder Review: 5 Pros & 5 Cons of utilizing SiteBuilder.com

SiteBuilder Review

SiteBuilder.com is among the faster-growing brands within the quickly evolving website builder space. SiteBuilder concentrates on core features along with a clean interface. According to feedback from my Weebly, Wix and Squarespace reviews &#8211 I gave SiteBuilder a go. Listed here are my 5 pros and 5 cons and full SiteBuilder review.

Take a look at SiteBuilder&#8217s current plans &#038 prices here.

Before we glance at SiteBuilder particularly &#8211 there’s a larger concept to bear in mind. Regardless of whether you go drag website builder an installed Cms (CMS), or hands-coded HTML files, there are plenty of factors which go into an creating a website.

Within the finish, you want anyone to key in an internet site address and find out your data, presented well with the proper functionality within their browser. Regardless if you are creating a simple project website or managing a internet business, how you construct your site determines lots of you skill both lengthy-term and short-term.

Within the lengthy-term, the various tools you utilize to setup your site affects your versatility, functionality, and, obviously, your brand. For the short term, it may certainly add/remove lots of headaches. That stated, much like selecting an actual office or house, there’s no such factor being an absolute “best” or “top” choice. There’s only the best choice in accordance with your objectives, experience, and conditions.

What’s SiteBuilder.com?

Website building tools exist on the spectrum having a core tradeoff between control &amp convenience. Usually, the greater convenient something is, the less control you’ve &#8211 and the other way around.

Sitebuilder endures the spectrum more all-inclusive and easy to get began and also be your site. It’s as opposed to solutions in which you buy, install, and manage all of the “pieces” of the website individually by yourself server.

Like other “hosted website builders” like Weebly or Wix, SiteBuilder is kind of like leasing and customizing a condo inside a nice development rather buying and owning your house. You’re still in charge of decor, cleaning, and everything living-wise – however, you leave the development, plumbing, security, and infrastructure towards the house owner. That time is essential because, again, there’s often a direct tradeoff between convenience and control.

All of the functionality and style which are incorporated with SiteBuilder work seamlessly together like a platform. That’s what enables these to have drag design, layout and content.

So far as competition, SiteBuilder competes directly with all of-inclusive website builders like Weebly, Wix, Squarespace and WordPress.com.

Website builders like a group contend with options like WordPress.org (which supplies the disposable software to create a website that you simply own &amp control – see my WordPress setup guide here) completely to options like typing actual Web coding right into a text file. Seem sensible? Awesome, let’s follow the SiteBuilder review.

Another quick aside – a disclosure – I receive referral charges all the businesses pointed out within this publish. My opinions &amp research derive from my encounters as whether having to pay customer or consultant to some having to pay customer.

SiteBuilder Advantages

Here’s things i discovered to be the professionals of SiteBuilder – not only to comparison with other website builders, but additionally being an overall website solution.

Speed, Security &amp Convenience

SiteBuilder provides hosting for those their websites. Quite simply, they offer a spot for your site files to reside additionally towards the builder too. That may be bad or good &#8211 however in SiteBuilder’s situation, it’s generally a benefit.

You will find big convenience points for getting to have little concern for hosting, speed and security. SiteBuilder seems to operate their software on Amazon . com and Google servers, that will hardly ever go lower.

SiteBuilder doesn’t the quickest load speeds, but it’s okay, especially because you, because the site owner, don’t have to do anything whatsoever as they are.

SiteBuilder Speed

Just like any website, you will find security risks. However they provide security and backups in their prices package.

Short-Term Prices

Should you not mind getting your site on the subdomain (ie, http://yoursite.myfreesites.internet) then SiteBuilder is free of charge without any trial expiration. It’s an excellent deal for small, temporary sites.

SiteBuilder Pricing Intro

However for more permanent sites, their opening prices is competitive with other all-inclusive website builders.

Since Sitebuilder comes with some fairly hard caps and structures on every plan, you almost need to go using the Pro plan or even more. Individuals is going to be pointed out within the prices section that come in the disadvantages.

Consider everything (software, hosting, security, tools, etc) is bundled, they’ve competitive prices for anybody who simply really wants to begin a website.

Even their ecommerce prices, while more costly than doing exactly the same factor by yourself hosting, is a lot less expensive than comparable plans with direct competitors.

Simplicity &amp Core Features

For just about any product, there is a thin line for brand new features. Sooner or later, additional features no more result in the product better &#8211 they worsen it.

Like I&#8217ve observed in my website builder reviews &#8211 companies possess the issue to be everything for everybody. They add a lot of features their “simple” website builder is actually quite complicated.

SiteBuilder concentrates on the main features that each fundamental website needs.

SiteBuilder Features

It isn’t for everybody (as I’ll mention within the cons), however if you simply do just have an easy, quick, fundamental website &#8211 SiteBuilder’s setup is straightforward and simple.

Site Building Process

On a single theme his or her concentrate on core features is the simplicity the particular site building process.

Regardless of what plan you finish up wanting, everybody will get began with similar setup process.

If you would like &#8211 you are able to create a live website in 3 clicks. There isn’t any purchasing in advance or passing charge card information.

Clicking Get Began, choose passwords, select a base theme, and you’re within the Editor where one can Publish your website.

SiteBuilder Setup

SiteBuilder Web Design

SiteBuilder Editor

The Editor also functions like a site dashboard where one can change your account towards the plan you would like.

The procedure &amp editor is intuitive and well-designed that is a solid pro.

Drag &amp Drop Editor

One marketed benefit of utilizing an all-inclusive website builder is you won’t be required to write HTML or CSS code. You can easily drag elements. A specific item within the builder is what you’ll get online.

However, it’s not always that easy. There’s lots of nuance to “drag and drop.” The majority of us really mean “I wish to click and drag this element and move it to some general area where it’ll look great – you realize, instantly centered, etc.” Quite simply, it’s like playing tee-ball rather of baseball…or bowling with gutter pads up. For you to do the factor, but in addition have a little bit of help.

Typically, SiteBuilder pulls this off. Their drag really works how you would expect it to.

You then have a variety of design options. The parameters and rulers are adjustable. The appearance &amp feel is easy and uncluttered.

SiteBuilder Editor

SiteBuilder Disadvantages

However, no Sitebuilder review could be complete without searching in the downsides. Let’s take a look at specific cons I discovered.

Search engine optimization &amp Marketing Tools

SiteBuilder does fundamental Search engine optimization &amp marketing tools much better than some competitors like Wix. They build in redirects and HTML tag functionality.

SiteBuilder Redirects

But that’s about all they offer. There isn’t any Schema or Sitemaps. That you can do little to completely personalize your website visitor’s experience. And you’re limited about where one canOrcan’t add content.

It normally won’t even get duplicate content right (ie, you’ll have duplicate websites on yourdomain.com and yourdomain.myfreesites.internet)

SiteBuilder SEO Duplicate Content

SiteBuilder acquire some broad strokes right, but it’s remember this that it is a fundamental website solution. Should you employ a professional to assist construct your site out, they’re likely likely to suggest that you progress to some more versatile platform.

This disadvantage is partially because Sitebuilder focuses more about towards convenience over control. And without 100% control of your website &amp server – it can be hard and/or impossible to include advanced marketing tools just like an EV SSL, custom email collection tools, custom analytics packages, custom social shares, specific Schemas along with aOrW testing software.

Lengthy-term Prices

SiteBuilder will a good job with opening prices, but overall, they aren’t an awfully the best value. Other website builders (ie, Weebly) give a less expensive on features and renewal prices.

SiteBuilder Pricing Renewal

And it is not even evaluating SiteBuilder against building your website by yourself server using website builder software like WordPress (or perhaps drag software like WordPress + BoldGrid). With Sitebuilder, you have to pay the fee every month per website. If you’re by yourself hosting server, any extra website is essentially free, so it’s that rather more value.

SiteBuilder Hosting Storage

Use Of HTML / CSS

Although located website builders cannot provide server access, many viewed accessibility “source code” (ie, HTML/CSS) from the website that you’re building.

It may be handy not just for somebody fluent in HTML/CSS, but in addition for anybody looking to get something around the page *just* right.

SiteBuilder provides an array of options within their builder (animations are particularly plentiful).

SiteBuilder Designer

However it doesn’t have means to access the HTML/CSS from the page. The only exception may be the header &amp footer where one can add verification tags for Search Console, Pinterest, AdWords, Facebook, Twitter, etc.

This limited access isn’t uncommon within the website builder world, however it does put SiteBuilder in a disadvantage when compared with competitors like Weebly and Squarespace.

Customer Care &amp Onboarding

Like I’ve pointed out in other reviews, customer care is really a tough issue to judge (in almost any industry). Rather of searching at whether customer care is “good” &#8211 I concept what their priority is by using customer care like a company.

Will they positively purchase sources and channels? Will they attempt to upsell? Will they turn to spend less?

With SiteBuilder, it’s a little difficult to say given that they operate a fully located platform where they are able to prevent many customer support issues.

Nonetheless, they are doing possess a small knowledgebase. Tech support team is by email &#8211 though billing support includes a telephone number.

SiteBuilder Customer Support

But all their “onboarding” emails (ie, the entire process of obtaining a new customer began) center around upsells.

SiteBuilder Customer Support

In accordance with other website builder companies, I take their customer care &amp onboarding like a disadvantage.

Growth Path &amp Platform Lock-in

Like I stated within the advantages, SiteBuilder excels like a simple website builder. That stated, for those who have a brand new website that you would like to develop and evolve, that’s additionally a disadvantage.

Competitors like Wix, Weebly and SquareSpace (and ecommerce competitors like Shopify) offer “app stores” or “extensions” that you could supplment your account while you grow. They take proper care of all of the advanced features that you’ll want while you grow. SiteBuilder doesn’t have that.

The characteristics you have would be the features you receive. If you’re planning on growing, you will need to think about that time.

Furthermore, moving from SiteBuilder to a different platform isn’t a straightforward process. They don’t have an information export option (which i may find). As well as their software doesn’t have any Feed that may sync your articles with something similar to WordPress.

Should you ever wish to migrate, you’ll need to element in migration costs and energy. Any design or content that you simply purchase SiteBuilder will have to be by hand moved.

Ecommerce Addendum

An added bonus for SiteBuilder is the ecommerce functionality. Marketing products out of your SiteBuilder website without switching platforms or any special development.

Ecommerce is a fairly little bit of functionality, but bear in mind that it is not really a full-fledged ecommerce that online shop platforms for example Shopify or BigCommerce. SiteBuilder includes a shopping cart software, fundamental inventory management, and payment acceptance.

It’s ideal for websites which are mainly lead-generation, informational, etc but should also sell a couple of products. It is also a great fit for anybody trying out products before relocating to a lengthy term platform. It isn’t a lengthy-term fit for websites which are ecommerce-first. For individuals a web-based store you have with WordPress + WooCommerce or perhaps a niche ecommerce platform like Shopify (review) or BigCommerce (review) will be a better fit.

Next Steps

SiteBuilder is a superb option for an easy, quick, no-fuss website. They’ve competitive prices, good functionality, and good consumer experience. There are plenty of tradeoffs for implementing an exciting-inclusive website builder, but when that route fits your objectives – then I’d take a look at SiteBuilder’s Plans here.

If you’re more confused than ever before – I produced a BuzzFeed style quiz that will help you decide what’s the best website builder for you personally according to your requirements here.

If you feel building your personal website by yourself hosting is the perfect route, make sure to take a look at my step-by-step help guide to setting an internet site with WordPress on your own here.

SiteBuilder

SiteBuilder is among the fastest growing companies within the website builder industry. They concentrate on core website features for fundamental sites.
SiteBuilder Review
Date Printed: 11/18/2016
SiteBuilder is really a clean, simple drag located website builder. Ideal for a fundamental site, but take a look at other available choices for something more.
3 / 5 stars

The publish SiteBuilder Review: 5 Pros &#038 5 Cons of utilizing SiteBuilder.com made an appearance first on ShivarWeb.

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The Merchant’s Help guide to Quick Installment Loans

installment loans

If you want business financing, a payment loan is most likely the very first type of mortgage you consider. As probably the most common and simple kind of loans available, quick installment loans really are a popular kind of business financing.

Also generally known as term loans, installment loans can be helpful for a lot of business financing needs&#8212from capital to business expansion to refinancing.

What, exactly, is definitely an installment loan, though? And it is it suitable for your company? Keep studying to discover!

What exactly are Quick Installment Loans?

These financing options are, basically, loans which are paid back in fixed, periodic increments over some time. The amount of time can differ, but quick installment loans for business purposes are usually paid back during the period of someone to ten years.

Each payment goes toward repaying some of the principal (how much money you initially lent) and interest (a charge billed by periodically calculating a portion from the remaining, delinquent, principal).

For instance, a payment loan agreement might look such as this:

Borrowing amount: $10,000
Term length: four years (48 several weeks)
Repayment frequency: Monthly
Rate of interest: 12%
Origination fee: 3%

The origination fee, a typical fee billed to pay for the expense of administration and application, is generally deducted in the principal before issuing the borrowed funds therefore the customer would really receive $9,700. Read this article for other common charges billed throughout the lending process.

To pay back the main and interest, the customer will make monthly obligations of $263 within the next 48 several weeks. The quantity the customer would pay is $12,640.

Lengthy, Medium, and Short Term Installment Loans

Quick installment loans are generally defined by the size of their repayment term.

  • Lengthy-term loans have term lengths between six and ten years (or even more).
  • Medium-term loans carry term lengths between three and 5 years.
  • Short-term loans carry term lengths as much as 2 yrs. Many lenders that provide short-term loans don’t charge interest but rather charge a 1-time fixed fee.

Because long term lengths harder to pay back, they&#8217re considered greater risk. In the end, there are other possibilities for something to visit wrong in ten years than you will find in 2. Because of this, normally only strong, lucrative companies having a positive business history have the longest term lengths.

Why Have an Installment Loan?

Many reasons exist to obtain an installment loan. If your company is in one of these simple common situations, you might like to get this kind of financing.

Capital

Working capital loans are utilized to cover everyday operating expenses, for example payroll, inventory, expenses, and rent.

Whether your company is periodic and also you need funds to pay for your slow season (or prepare for that busy season), a brand new client uses a big (but costly) task finished, or you’ll need extra capital to pay the bills to many other reason, a functional capital loan may be for you personally.

Inventory or Equipment Purchases

Quick installment loans may be used to purchase what you need to maintain your business running easily. You could utilize financing to buy inventory in large quantities (to reduce cost), to buy an automobile for the mobile business, or other things you might need.

Business Expansion or Aquisition

If your company is succeeding, you might want to look for new possibilities to help keep it growing by expanding to additional locations.

However, you might want to buy a pre-existing business, whether that&#8217s to integrate it to your own or to become business proprietor without studying the effort of beginning the company yourself.

Debt Refinancing

Many companies discover that, because of poor management of your capital as well as other reason, there is a large amount of debt. Other companies curently have loans, but might now be eligible for a better rates because of business growth. Should you&#8217re either in of those situations, refinancing debt can be a method for saving lots of money.

Final Ideas

Installment loans are a flexible type of financing that may be helpful for companies in several situations.

However, don&#8217t think that quick installment loans are the only option. Your company will benefit from more specialized kinds of financing, for example credit lines, equipment financing, or invoice financing.

However, a payment loan might work best with your company. Ready to locate a loan provider that meets your needs? Begin with our help guide to choosing the best business loan, or have a look through our full listing of business loan provider reviews.

The publish The Merchant&#8217s Help guide to Quick Installment Loans made an appearance first on Merchant Maverick.

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Lending by Wave: Everything Small Companies Have to know

Wave is broadly regarded as among the best software choices readily available for small company accounting needs. Regardless of the (very welcome) fact that the majority of their services are totally free, Wave provides a robust group of features which will fit the requirements of most small companies.

Until lately, however, Wave could only assist you to manage your hard earned money. In case your business needed capital, you had been accountable for discovering it yourself. Using the advent of Lending by Wave, however, raising funds to develop your company might have just become simpler.

What, exactly, is Lending by Wave? And it is it suitable for your company?

Here&#8217s all you need to learn about Wave&#8217s latest service.

Lending by Wave Loans Are Issued in Partnership with OnDeck

The very first factor you must know about Lending by Wave is the loans are really originated and serviced by OnDeck. Founded in 2007, OnDeck is among the first business lenders around to bypass banks and provide fast, easy-to-get loans.

Although OnDeck loans won’t work with all companies and all sorts of situations, OnDeck offers flexible, diverse loans products. For any full rundown of the organization, read our OnDeck review, though we cover the key information below.

You can aquire a Short-Term Loan and/or perhaps a Credit line

You might be eligible for a a brief-term loan (STL), a credit line, or both through Lending by Wave.

Short-term loans will also be typically known as &#8220cash flow loans&#8221 since the lending decision is dependant on your present income, rather of the business&#8217s profitability or just how much you may be earning later on.

STLs are structured differently from traditional loans: the borrowing fee is calculated one time and doesn’t accrue like interest. Due to this, you&#8217ll know just how much you will need to pay back before borrowing the borrowed funds.

As you may expect, this kind of loan is known as a &#8220short-term loan&#8221 since it is paid back inside a almost no time. However, OnDeck&#8217s term lengths could be more than most&#8212the loan provider caps their term lengths at 3 years, whereas many lenders that provide short-term products won&#8217t review 18 several weeks.

Here&#8217s a complete rundown of what to anticipate from your OnDeck short-term loan:

  • Borrowing amount: $5K &#8211 $500K
  • Term length: 3 &#8211 36 several weeks
  • Effective APR: 6% &#8211 99%
  • Other charges: Origination fee of two.5% &#8211 4% from the borrowing amount
  • Collateral: Personal guarantee, UCC-1 blanket lien
  • Repayment frequency: Daily or weekly

Rather of, or additionally to, rapid-term loan, you might be qualified for any credit line.

Like charge cards, credit lines provide you with use of a money reserve from which you’ll draw anytime. You will simply need to pay interest around the amount lent while you pay back the borrowed funds, the money open to you will replenish.

OnDeck&#8217s credit lines carry these rates and charges:

  • Credit facility: As much as $100K
  • Term length: 6 several weeks
  • APR: 11% &#8211 39.9%
  • Other charges: $20 monthly maintenance fee (waived under certain conditions)
  • Collateral: Personal guarantee, UCC-1 blanket lien
  • Repayment frequency: Weekly

Which Loan If You Undertake?

There’s lots of overlap when it comes to which loan can be used as which purpose, however, many loans are more effective than the others for the way you&#8217re likely to make use of the funds.

Because short-term loans and credit lines should be paid back relatively rapidly, they&#8217re typically perfect for projects that will rapidly create a roi, in order to bridge a money flow gap until business accumulates again. For instance, you may use short-term loans or perhaps a credit line for inventory purchasing, small marketing projects, or working capital needs.

Additionally towards the above, companies will benefit from having the ability to tap into a line of credit without re-trying to get capital when they take some extra financing.

However, if you wish to purchase lengthy-term business growth projects that won’t repay for some time, for example business expansion, you might want to look for financing with smaller sized payments and long term lengths.

You’ll Need more than a year running a business and $100K in Annual Revenue to Qualify

OnDeck really wants to make certain they&#8217ll obtain money (and interest) back. To do this, they’ve needs in position to make sure they&#8217re lending to companies having a positive history.

Additionally to requiring annually running a business and $100K in annual revenue, OnDeck requires you have a personal credit rating with a minimum of 500, and also have a minimum of five deposits entering your company bank account every month. The organization could work with many kinds of business but prohibits some high-risk industries.

Lending by Wave Could be a little Pricey

Rapid-term loans have effective interest rates (APRs) that vary from 6% &#8211 99%. Although technically OnDeck short-term financing does not carry interest, the dpi proves you will probably have to pay for a good quantity of charges in your loan. For additional info on calculating APRs for fixed-fee loans, I&#8217d recommend looking at our article about calculating APRs on financing products with temporary-lengths.

With APRs varying from 11% &#8211 39.9%, the rates for that credit lines really are a little cheaper, but might be greater than some small companies would really like.

Nevertheless, both short-term loans and credit lines carry charges which are as good as (or much better than) similar lenders, which means you shouldn&#8217t rule Lending by Wave out if you’re searching for funding. However, for those who have a particularly creditworthy business, you might be able to find better rates elsewhere.

How Can You Tell Should You&#8217re Getting A Great Deal?

Before you decide to accept the borrowed funds, OnDeck explains your potential terms within an easy-to-understand format known as a good Box. The document provides you with all the details essential to understand and compare loan offers.

Together with common metrics just like your factor rate or rate of interest, origination fee, and repayment cost, the SMART Box provides these metrics:

  • The Annual Percentage Rate or effective APR
  • The all inclusive costs of capital
  • The cents-on-the-dollar cost (just how much you&#8217re having to pay in charges per dollar lent)
  • The typical payment per month
  • Penalties or reduced prices for prepayment

The SMART box format varies by lending product, but you can observe types of a exactly what the box appears like for any short-term loan or credit line around the ILPA (Innovative Lending Platform Association) website.

The Applying and Funding Process is Easily

Even though the loans can be a little around the pricey side, these financing options are extremely easily to be eligible for a. You won&#8217t need to write down strategic business plans, gather a lot of financial documents, or jump through hoops that loans have a status for requiring.

Typically, potential borrowers will discover when they&#8217re qualified for a financial loan inside a couple of minutes and complete the entire application within 48 hrs.

OnDeck requires very couple of documents as lengthy as you have individuals documents on hands (or can gather them on time), the procedure will probably be very fast and painless.

OnDeck Isn’t the Only Loan provider That Integrates With Wave

If you want the benefit of remaining inside the Wave ecosystem, but don&#8217t such as the products OnDeck offers (or don&#8217t qualify), you’ve still got other available choices.

Business to business companies that process invoices may want to consider Fundbox, a loan provider that provides invoice financing services. This loan provider integrates with Wave&#8217s software, if you need funds, you are able to request financing anytime based off the need for your delinquent invoices. To learn more, read our full Fundbox review.

Otherwise, Wave doesn’t have specific partnerships along with other lenders (to my understanding). However, a lot of OnDeck&#8217s competitors have similarly easily online applications. Before buying a loan provider, you may make some comparisons to make sure you&#8217re getting the best offer. Mind to our Small Company Loan review category to locate other trustworthy lenders you might be qualified for.

Final Ideas

Lending for Wave is really a easily means to access business financing should you&#8217re qualified. Although companies can always take advantage of walking outdoors from the Wave ecosystem to create a couple of comparisons, OnDeck offers flexible, helpful, and comparatively low-cost loans.

The publish Lending by Wave: Everything Small Companies Have to know made an appearance first on Merchant Maverick.

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