Inside Retail

FEBRUARY 28, 2024

The benefits of global e-commerce expansion are obvious: market diversification, new revenue streams, 24/7 business operations and increased brand awareness. Building a detailed plan will help minimise risk and focus you on those areas that will make the biggest impact for your business. Planning to go to the US? Not on Shopify?

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Small Biz Trends

JUNE 14, 2022

Luckily, there are a number of accounting software tools that can help. Many of these tools are available for free, which is useful for business owners operating on a shoestring budget. Free Software for Your Small Business Accounting. Every accounting software for small businesses comes with its own set of features.

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Retail TouchPoints

APRIL 5, 2022

Mobile technology is transforming payments, making it easier, safer and more affordable for people to move and manage their money than ever before,” said Dan Schulman, President and CEO of PayPal at the time of the spinoff. Source: CivicScience. RTP: Consumer adoption of things like digital wallets is still relatively low.

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Merchant Services Payment Services Checkout Consumer 348

Retail TouchPoints

JANUARY 12, 2024

The purchase amount is automatically deducted from the employee’s payroll account, a major benefit for doctors, nurses and other staff people who often don’t carry wallets or purses while they’re working. Employees can look up receipts and account balances in the hospital’s badge pay web portal or mobile app.

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Secure Retail

JUNE 28, 2023

Secure Retail is an established provider of secure and bespoke omnichannel payment solutions, delivering vendor-agnostic payment gateways, hardware, software solutions and associated managed services. The whole process of working with us in Europe is now faster, easier and more cost effective.

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Small Biz Trends

NOVEMBER 9, 2022

The Internal Revenue Service (IRS) has reminded taxpayers accepting payments through payment cards and third-party network transactions that they may receive 1099-K forms for sales over $600 in early 2023. Taxpayers are still required to report all income on their tax return unless it is excluded by law.

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Payment Services Returns Accounting Planning 98

Retail Minded

MAY 15, 2024

Consultants provide regulatory compliance guidance, ensuring data management practices adhere to standards like GDPR, HIPAA, and PCI-DSS, reducing the risk of costly penalties. This can involve security audits, penetration testing, and reviewing compliance regulations. What Is IT Risk Consulting?

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Payment Services Supply Chain Management Management Planning 52

Inside Retail

JANUARY 29, 2024

This surge – notably in e-commerce, travel, and financial services – presents greater revenue opportunities but also calls for strategic caution. Eliminate unnecessary banking fees Retailers should pay attention to the costs associated with cross-border transactions and conventional banking fees for currency conversions and payments.

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Payment Services Customer Experience Accounting Planning 130

Retail Minded

MARCH 19, 2024

Opening a restaurant necessitates securing funding, a process that can overwhelm even the most ambitious restaurateurs. Between crafting an investor-worthy business plan, providing robust financial projections, and competing against other inspiring ventures, securing backing may seem an insurmountable challenge. establish credibility.

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Retail TouchPoints

FEBRUARY 27, 2024

Cyberattacks and network outages can disrupt operations and erode customer loyalty. This article delves into the evolving threat landscape, examining the impact of these disruptions on retail operations and exploring proactive measures for safeguarding businesses, customer data and reputations.

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Payment Services Wholesale Store Layout Inventory Management 245

A1 Retail

AUGUST 26, 2021

The shift to ecommerce has changed the game for modern retailers, leading many to shift their attentions online and start to plan for international growth. To do so effectively, however, retailers need to optimise their payments ecosystems now to put in place the right framework for expansion in the future.

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Inside Retail

MAY 31, 2022

But it’s important to consider the costs as well as the benefits before jumping at a new payment method. That means having honest conversations with BNPL providers and your own team around issues like fees, integration, UX, accreditation and customer ownership, accountability and bad debt management. .

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Retail TouchPoints

JULY 25, 2022

In the midst of rising inflation rates, many Americans are wondering how to cut their costs — and younger generations such as Gen Z may have found a solution in the short term with “buy now, pay later” or BNPL plans. This generation has taken to this payment option faster than any other, but looking at their history it is easy to see why.

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Payment Services Advertising Accounting Consumer 193

Inside Retail

SEPTEMBER 1, 2021

According to co-founder and chief product officer Joel Aaron, refunded cash can be in the customer’s account within as little as 30 seconds. It means consumers don’t have to wait for the seller to receive the returned product and approve the refund before they get their cash — a process that can take weeks or more.

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Merchant Services Payment Services Returns Planning 130

Retail TouchPoints

AUGUST 7, 2023

A few days before reporting Q2 earnings, Wish also announced plans to cut approximately 34% of its workforce, or about 255 employees, in order to “refocus the company’s operations.” Temu also operates as a manufacturer-to-consumer marketplace and offers a wide range of merchandise, from homewares to apparel.

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Retail TouchPoints

SEPTEMBER 17, 2022

The Consumer Financial Protection Bureau (CFPB) is planning to start regulating buy now, pay later (BNPL) products. Apparel and beauty companies accounted for 80.1% of individual loans in 2021 saw at least some portion of the order returned, up from 12.2% with late payments, fees, etc.]. in 2020; A total of 13.7%

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Consumer Payment Services Apparel Accounting 215

Retail TouchPoints

AUGUST 24, 2022

For brands selling internationally, local tax codes, compliance and support for a variety of currencies are hurdles that can’t be ignored. Today’s online shoppers are looking for customization wherever possible, and that necessitates that ecommerce stores offer a variety of payment and shipping methods.

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Independent Retailer

MARCH 20, 2023

A big trend among some online sellers is buying Amazon return pallets and overstock and flipping the items for big markups. What are Amazon Return Pallets? Why Would You Want Amazon Return Pallets? What is the Process? Where to Buy Pallets What is the best time to buy Amazon return pallets?

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Retail TouchPoints

NOVEMBER 20, 2020

The pandemic has accelerated the shift away from shopping in person, making it difficult for many brick-and-mortar retailers to sell products, service their debt load and pay vendors. Here are seven viable steps to consider building into your game plan for continuing to survive the crisis and thrive on the other side. #1:

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Payment Services Consumer Management Planning 255

Inside Retail

OCTOBER 6, 2021

The customer goes through the checkout process as usual and on the confirmation page they have the option to view their AirRobe account which will show them the item that they have just bought as well as previously purchased items. Today, 66 per cent of consumers plan to shift their spend to more sustainable brands.”.

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Small Biz Trends

DECEMBER 15, 2022

Are you unsure of how much it will cost and what your monthly payments will be? All you have to do is adjust the sliders of the business loan calculator for “Loan Amount,” “Interest Rate (%),” and “Term” to view your estimated monthly payment and total cost of the loan. Amortization.

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Payment Services Finance Shopping Accounting 98

Inside Retail

OCTOBER 21, 2021

James Johnson, director of technology services & strategic accounts, APAC at Shopify, says it is critical for Australian retailers to optimise their product offers and sales channels to make the most of the sales season and seize the opportunity to end a difficult year on a high.

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Returns Merchant Services Shipping Payment Services 130

Hyken

JULY 15, 2022

The stakes have effectively been raised, and they’ll continue to go up for product brands, service providers, and client-based companies alike. . And as a result, we’ve become addicted to the on-demand whatever-you-want immediacy, the ridiculously easy swipe-and-receive culture, plus the reassurance that comes with no-hassle returns.

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Payment Services Accounting Customer Experience Planning 110

Retail TouchPoints

JULY 12, 2022

Amazon has unveiled a new and improved version of its smart shopping cart — called the Dash Cart — and plans to roll out the carts at select Whole Foods Market stores for the first time. A few additional Whole Foods Market stores as well as a number of Amazon Fresh stores will also get upgraded Dash Carts over the coming months.

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Payment Services Shopping Marketing Accounting 245

Inside Retail

NOVEMBER 28, 2022

Having already operated a live-shopping feature across parts of Asia, where event-based shopping is particularly popular, the platform is well poised to disrupt the retail landscape and stage the next digital shopping revolution. A successful social commerce operation relies on high-functioning warehouse infrastructure.

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Small Biz Trends

NOVEMBER 25, 2022

Whatever the reason, having a thorough plan for business dissolution is just as important as it was to follow your business startup plan. Here’s a breakdown of what you need to know about the business dissolution process, sorted by legal entity, and how to wrap things up without landing yourself in hot water.

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Payment Services Returns Planning Accounting 98

Retail Gazette

OCTOBER 10, 2023

Selfridges narrowed its losses last year thanks to a rebound in sales returning to near pre-pandemic levels. The department store retailer posted an operating profit of £38.9m loss the year before, according to accounts filed on Companies House. for the 12 months to January 2023, down from a £38.1m

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Department Stores Payment Services Accounting Returns 78

Retail TouchPoints

MARCH 3, 2022

That includes frictionless payments and checkout and fast shipping options. Professional fraud rings are shopping with other people’s payment data or loyalty points, so they’re usually not as price-sensitive as customers shopping with their own money. Account takeover fraud trends pose additional risks.

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Merchant Services Drop-Shipping Payment Services Shipping 223

Independent Retailer

NOVEMBER 30, 2022

While all of these new opportunities sound exciting, entering a new market unprepared can be a massive drain on resources with little to no return. Wholesale businesses need to make sure they are fully prepared to handle the process. You have a plan for growth. Conduct Research on the Areas You Plan to Expand Into.

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Wholesale Payment Services Target Market Marketing 75

Small Biz Trends

AUGUST 19, 2022

The loan application process can be lengthy, so it’s important to start gathering the necessary paperwork as soon as possible. Updated Business Plan. An updated business plan is one of the first things a lender will request. Business Income Tax Returns. Account Information. Bank Statements. Loan History.

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Payment Services Accounting Finance Returns 128

Inside Retail

NOVEMBER 10, 2022

Elon Musk is progressing plans to slim down Twitter since he bought the 396 million-member platform for US$44 billion (£38 billion) on October 27. It said: Given the nature of our distributed workforce and our desire to inform impacted individuals as quickly as possible, communications for this process will take place via email.

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Small Biz Trends

JUNE 1, 2022

A cryptocurrency is a decentralized payment method that you can use to trade online by way of smart contracts. This not only led to speculating in the cryptocurrency market but also facilitated multimillion-dollar transactions in digital collectibles, digital assets, goods and services to be traded within the cryptocurrency space.

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Payment Services Accounting Promotions Finance 124

Independent Retailer

MARCH 31, 2022

It brings new challenges like supply chain bottlenecks, inflation, around-the-clock operations, and labor shortages. Preparing and filing tax returns is an arduous process for retailers, made more difficult if they have commitments in multiple states or nations. These can include: Import taxes. Export taxes. Sales taxes.

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Payment Services Location Marketing Accounting 80

Cisco Retail

JULY 27, 2021

Organizations have been rapidly adopting new digital and cloud capabilities and are now faced with determining what types of technology investments they need as their workforce begins to return to the office. As they invest in new technologies, CIOs must determine how to pay, consider return on investments and their budget.

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Payment Services Operating Expenses Returns Planning 145

Retail TouchPoints

NOVEMBER 3, 2021

The beauty brand is adding three new executives to its team: a CFO, an SVP of Retail and the new position of Chief Commercial Officer, who will help the team develop its plans for the future. Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams.

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Finance Payment Services Accounting Returns 248

Small Biz Trends

DECEMBER 14, 2022

The IRS offers certain tax deductions for small business owners to help make the process of filing taxes easier and more efficient. This includes items like office supplies, professional fees (attorneys and accountants), travel expenses, utilities, and more. Rent and lease payments. Understanding Tax Deductions. Employee wages.

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Payment Services Accounting Advertising Returns 130

Small Biz Trends

NOVEMBER 29, 2022

If you buy and place in service qualified equipment by December 31, 2022, you can deduct 100% of the cost; no depreciation over a number of years is required. Set up a retirement plan. If your business doesn’t have a qualified retirement plan, you have until the extended due date of your 2022 return to set up and fund the plan.

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Payment Services Planning Accounting Returns 137