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Small Business Blog Posts

By First American Merchant

Feel free to give us a call for more info 1-800-210-5649

Remote Work for Your Small Business Employees

When we think of office space, we think of our place of work, but sometimes the office can be an obstacle for work. That may seem strange to think about at first but give it further thought.  Do you deal with stress from traffic commuting to and from your office? Once at your office are you finding distractions from co-workers, phones ringing or the AC being too cold? Do you feel like there always seems to be something that isn’t your work that’s taking your attention?  Recent data shows that remote work has drastically grown to 159% in the last […]

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Managing Costs Wisely While Expanding Your Small Business

There comes a time in a businesses’ life cycle when it experiences a successful launch, which is soon followed by success and growth. Although reaching this point is incredibly exciting and has proven the viability of the business, a new set of obstacles and challenges must be met head on. At this stage of growth, the small business owner begins to get pulled in a myriad of directions: managing an increasing level of revenue, attending to customers, dealing with the competition, and accommodating an expanding workforce, just to name a few. As your business continues to grow and develop, so […]

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The Fed’s Approval for Payment-Services Fees in 2020

The Federal Reserve (the Fed) Board has given its approval to the new payment-services fees schedule for this year. It’s 2.4% higher as compared to the previous year. If you want to learn more about the topic and discover an exceptional merchant services provider, keep on reading this post. Payment-Services & Credit Card Processing Fees Credit card processing fees represent the cost that merchants pay for credit card payment processing. The total cost is based on more than one piece such as transaction fees, flat fees, and incidental fees. In Q1 of 2019, the annualized rate of real GDP growth […]

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Documents Small Businesses Need To Keep Hard Copies Of

Apart from the daily operations of a business, small business owners must also contend with keeping important documents accessible at a moment’s notice. From taxes to financials and critical customer information, these documents must be easily pulled for reference. Although using a cloud storage system may be all your business needs for easy access, having hard copies are sometimes necessary. In most states, for example, it’s a legal requirement for a limited liability company (LLC) to have a copy of its operating agreement in its “primary place of business”. Business licenses and permits should also be available in hard copy […]

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How Small Businesses Can Lower Credit Card Transaction Fees

Accepting credit cards is crucial to your business success. However, you must pay for this since credit cards come with transaction fees. Importantly, you should be careful about these fees. This article will help you be smart about transaction costs associated with small businesses. Credit Card Transaction Fees for Small Businesses Small business owners are well aware of how accepting payments online is important for their growth. As you know, card transactions come with associated fees. On average, processing fees vary from 1.5% to 2.9% for swiped credit cards. Thankfully, you can use several ways to save on fees. Before, […]

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Putting Your Best Foot Forward in Your Entrepreneurial Journey

Not many business dreams actualize into brands or companies. Why? Because it is not easy to kick off and expand. Everything is no longer in the mind, you have to take action, and all decisions impact your venture’s future. Every day is business, and your mind is full of ideas to implement, problems to solve, targets to meet and every other thing that could impact your bottom line either positively or negatively. But launching a startup is the sizzle, not the steak, growth is a bigger worry because it is a never-ending process. For your business is to move forward, […]

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Addressing the Cyber-Security Skill-Shortage in the Payment Sector

With millennials so hooked on tech, the internet, and eCommerce, it is almost impossible to imagine that the looming shortage in the number of cybersecurity experts will get worse. Different statistics warn of a talent shortage in the sector. For instance, a 2017 study by Cybersecurity Ventures approximated over 3 million unoccupied cybersafety job vacancies by 2021. Recruiters are on the look for young employees with cybersecurity skills to serve in different departments, and the shortage is affecting the payment and finance sector the most. The online payments industry particularly relies on cybersecurity because both businesses and customers are at […]

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Easy and Economical Ways to Fund a Franchise

  Getting down to the nitty-gritty of funding a franchise business is important because it eventually determines the type of business you build. Furthermore, would-be franchisees often realize they have far more options than they’d imagined when they find that they can buy a resale business, secure a bigger region or even multiple regions. Knowing your funding options also gets you ready to inject the right amount of cash when opportunities knock and you need to grow your bottom line or face situations that need instant funds. SBA: African Americans Dig into Their Pockets to Fund Franchises Reports by the […]

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Small Business and Entrepreneurship Not A Priority for 2020 Presidential Runners

One vibe the small business industry is getting from the race to 2020’s Presidency is that no one cares about them. Not a handful of the many names from the Democratic field have majored in entrepreneurship and small businesses. It is dreadful that core issues like the status of the economy and the small business industry, are far behind matters like gun regulation, social justice, immigration, climate change, healthcare, and foreign affairs. Only a few candidates are mentioning micro-business loans, despite the fact that access to merchant funding is central for the growth of small to mid-sized companies. Surprisingly, the […]

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Banks Losing Ground to Alternative Small Business Loans

It’s no more a surprise that alternative lenders are a striking alternative to big banks and are working on attracting more and more low and high risk merchants. Where can find low cost and reliable alternative small business loans for your company? If you’re interested in all these, this article is right for you. Alternative Lenders Are on the Rise New alternative lenders have emerged since the global credit crisis and are still emerging in the payments space. The non-bank or alternative finance field is an established source of funding for both low and high risk businesses. This is a […]

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