As the interest rates are hovering at their record low levels and when there are predictions of the rates to bump up again in the coming few months, this seems to be the best time to refinance your mortgage. However, there’s one problem: while many homeowners will leverage this time to refinance their mortgages, there are some who won’t as they’re too lazy and confused about the steps that they need to refinance. The National Bureau of Economic Research says that a fifth of homeowners who could refinance didn’t do so.
Retirement is the most pleasing part of someone’s life as this is the best time to enjoy life and do all those things which you couldn’t do due to your work pressure. Perhaps this is why this period is known as the golden years of someone’s life. However, nowadays due to lack of proper retirement planning by people, there are lot of people who are drowning in debt during their retired life. There are even people who are still paying down their student loan debt which they took out during their college life. If you don’t want to spoil your retired life, here are some retirement planning tips you should know about.
As technology advances, mobile wallets may become the payment method of the future. Mobile wallets are revered for their convenience. Instead of digging through countless loyalty cards, credit cards, and more, customers can make payments and cash in on deals or rewards using their smartphone. If you want to get ahead of the trends and set up your business for mobile wallet payments, here are the simple steps to get you started. Step #1: Decide How to Use Mobile Wallets
Mobile wallets can be used for any number of things. For some businesses that do not offer discounts or loyalty programs, they may only be useful for actual payments. Other businesses, however, may find that mobile wallets may be useful for offering discounts, coupons, or loyalty programs to their regular customers.
Step #2: Upgrade Your Hardware (if necessary)
Mobile wallet payments, such as the ones Fattmerchant offer, work using near field communication (NFC) technology. In some cases, the card reader at your store may already have this technology implemented. Otherwise, you will need to upgrade to newer hardware to complete mobile wallet transactions in your place of business.
Step #3: Choose Which Software to Work With
There are many software options to consider for mobile wallet payments. This is especially true when you consider that Google, Samsung, and Apple all have their own payment platforms. You should weigh the cost of implementation against ease of training, how quickly the software works, and other factors before making your final decision on which software to use for mobile wallet payments at your company.
Step #4: Inform Customers
Letting your customers know when you are implementing your new method of payment is essential to getting them excited about using it. Offer coupons, discounts, or whatever is in your company budget to get customers onboard. The benefits that you will reap in the future as far as speed of transaction, lower processing fees, and more will make up for it.
Step #5: Train Employees
Training your employees is essential to success with any new software. Make sure that you leave plenty of time for training, however, it should be relatively simple if your employees already have experience using payment processing hardware and software.
Step #6: Implement the Software
The final step of any software is the implementation. This means choosing a start date, ensuring all employees are trained, and more. Remember that the first day may not run as smoothly as you hope. Be sure there are enough trained employees on hand to ensure success.
Frequently Asked Questions
Mobile wallet payments are a relatively new technology, meaning that you may still have some questions about how they can be used. Here are some of the most asked questions regarding this technology.
What is a Mobile Wallet?
A mobile wallet is a digital option to traditional payment methods, often using smartphones. It allows your customers to make payments, redeem loyalty points and coupons, prove their identity, and more. They are also sometimes called eWallets, digital wallets, or mWallets.
What are the Benefits?
A major benefit of mobile wallet payments is that it is harder to duplicate or steal mobile payments, which significantly reduces fraud. Additionally, using these types of payments can result in faster payment time and lower payment processing fees. The final advantage is that you can send incentives during “slower” transaction times to encourage customers to shop.
How Does it Work?
Mobile wallets are extremely easy to use. The customer simply passes their smartphone near your business’ payment terminal and a single-use code is generated. This allows the payment to be processed at the push of a button and provides a high level of security.
Lautaro Martinesis a small business owner who just recently converted to mobile wallet payments and has had a great success. He has learned quite a bit of information in his transition and graciously has shared his tips and insight. If you wish to learn more about Lautaro, feel free to view his Google+ profile.
One of the biggest mistakes which people make while purchasing a new car is not looking at the cost of auto financing in the total price of the new car. If you’re eager to negotiate the price of the vehicle, you should not ignore the terms and rates of financing. There are different options when it comes to auto financing and if you’re in the market to buy a new car, you need to take a look at the cheap car finance tips. Read on to know more on this.
Are you someone who is planning to save a portion of your funds for your future so that you don’t have to borrow money on interest rate? If answered yes, you have to make sure you’re following a frugal budget that helps you make better financial decisions. So, what are the ways in which someone who can’t afford to save money save some funds? And how can people saving only a little save a bit more? Take into account the below mentioned budget saving tips that you can follow in order to stay on top of your finances.
In case you’re making multiple student loan payment on each of your student loans, you might feel the urge of consolidating them. Consolidation involves combining all your debts into a single monthly payment so as to relieve the stress of allotting multiple payments to multiple creditors. Even though student loan debt consolidation might streamline your student loan repayments, this might not always be the best option for you. Before you apply for a debt consolidation loan from the US Department of Education, you should be aware of the advantages and disadvantages of debt consolidation.
Recent reports say that more than half people within the United States of America with considerable amount of savings fear about becoming bankrupt during retirement. But there are ways in which you can keep that from happening when you’re spending your golden years. The first step that you need to take is to create a frugal budget and be serious about the places where you can trim down and curb.
If you are searching for a
flat for rent in Patna, then you are on a right
track. Patna is a city where the real estate sector is at its extreme. There
are several newly developed housing societies developed here. It is an
excellent opportunity to hire the flats for rent in this city. There is a wide
range of flats available at effective prices.One can get the related
information through several online portals. These portals help a lot in
searching a right property which suits the needs and requirements of the user.
Classified plays an important role for searching the properties for individual,
businessman and partnership firms etc. it is very effectual because there are
better chances to get the real customers. Many property dealers post their ads on their
portals and get the quick response. This is an effective way as it saves time,
money and labor of the forager. These sites are built category wise, there is
an option of filter showed results by location, price ranges and tenant type.
To owe a land
in Chennai would be a good idea. This place is one of the important parts of
south India. The place is well developed and designed. It is one of the
attractions for tourists in India. It is developing both economically and in
the case of infrastructure also. The city has undergone several vast changes
and is growing quickly. It will be a good idea to buy a land here. The city is
a mix of both traditional and western cultures and ethics.
Recent reports suggest that President
Barack Obama signed a presidential memorandum recently asking the federal
agencies to change the way in which American students pay back their student
loans. Amidst the series of steps that the administration took to promote
college access and affordability among students, this move was the latest among
them. Moreover, this relief comes during a crucial time when student loan debt
surpassed $1.3 trillion and the average graduate is leaving school with around
$30,000 in student loans.