2. Credit Cards For Dummies:
Credit cards are a significant part of your
business and personal finances. Understanding how they
work is vital for long-term financial success, particularly
if you use credit cards for everyday purchases. Credit
card interest is very necessary to understand.
While it’s not uncommon to see rates over
20%—you don’t have to pay interest if you pay your
balance in full every month.
Every month when you make an on-time
payment, it’s added to your credit report—which can be
the difference between being approved or denied for a
mortgage, loans, or new credit cards.
These are just a few important details on
understanding credit.
… Financial education is and remains our vital tenets!
3. The Digital Wallet Revolution:
Believe it or not, digital wallets have been
around for years.
The first sign of the digital wallet revolution
dates back to the late 90’s with PayPal.
While digital wallets have completely taken over
payments, there’s no denying that they’ve gone
mainstream and it’s because of Millennials.
Digital wallets will soon replace traditional
payments methods, like cash and checks.
As noted in a previous Due post, all money will
eventually be digital because it’s expensive to produce
bills and coins, it will reduce crime, and make it easier
for a global currency to be developed.
… Financial education is and remains our vital tenets!
4. Tips For Finding The Right Platform:
When it comes to choosing the right payments
platform for your business, you better do your research.
First off, you should be aware of the various
types of fees that are most common: transactional fees,
interchange fees, annual fees, etc.
You also need to ensure most major payment
types are accepted and that the software is efficient.
While it’s difficult to find a platform with every
option available, it’s important to make a selection based
on your specific needs.
There are a lot of options available, but it’s
important to follow these tips in your decision-making
process.
… Financial education is and remains our vital tenets!