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Federal Watchdog Institutes Consumer Protections for BNPL Purchases

Retail TouchPoints

Additionally, a CFPB market report issued in September 2022 revealed that more than 13% of BNPL transactions involved a return or dispute and that people disputed or returned $1.8 billion in transactions at the five BNPL firms the agency surveyed.

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10 Accounting Services for Small Business

Small Biz Trends

However, it’s not always possible or sensible to hire an entire accounting team. Luckily, there are outsourced and online accounting services available to fill these needs for you. What is an Accounting Service? Here are some functions accounting services usually offer: Measure cash flow.

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Retailers Must Embrace Financial Services, and Quickly

Retail TouchPoints

And it’s increasingly clear that brands that embrace financial services within the customer journey are scoring highly on engagement scores. What’s more, the number of payment providers on the market has dramatically multiplied over the years, creating a vast and often confusing ecosystem. Many customers bail at this point.

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Serial Returners and Refund Fraudsters: How Brands are Fighting Back With Data Insight

Retail TouchPoints

Online return fraud cost U.S. For every $100 in returned merchandise accepted, U.S. to return fraud, the NRF has calculated. While it is possible for shoppers to commit return fraud innocently simply by mis-reading the returns policy, a significant number of returns are the result of premeditation and malicious intent.

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What is the Difference Between Bookkeeping and Accounting?

Small Biz Trends

Small businesses need to ask important questions, such as ‘What is the difference between bookkeeping and accounting?’ And the results from accounting and bookkeeping efforts blend together to make your business more efficient. Bookkeeping Vs. Accounting. Accounting is about generating reports.

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How to Improve Business Processes with B2B eCommerce Software

Retail Focus

However, to do that, the system needs to be operable 24/7 throughout the entire year. The ultimate benefits that come with all of that include: reduced operating costs, fewer operator errors, increased sales, . Deciding Which Processes to Automate. The old-fashioned way of doing that was always to have staff available.

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Best Accounting Software for Small Business

Small Biz Trends

That’s why most of them rely on accounting software to make their life easier. What is Accounting Software? Small business accounting software is a powerful tool that enables business owners to have complete control over their finances. Why You Should Invest in Small Business Accounting Software. AccountEdge Pro.