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BluePay Blog

What Are the Most Profitable Small Businesses?

Posted on Aug 29, 2019
The No. 1 rule in investing is to buy low and sell high. This basic concept also applies to business. To be successful, you must sell goods and services for more than what it costs to acquire or develop them. The difference represents your profit margin. Historically, this has favored the service industry — where the single largest investment is time. In fact, most of the small business ideas on this list are service-oriented.
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Topics: Small Business Tips, Getting Started with Payments

How to Accept Gift Cards for Small Business

Posted on Aug 20, 2019
Accepting gift cards for your small business is a simple, effective way to improve sales. Gift cards are easy, convenient options that take the guesswork out of gift giving and allow the recipients to purchase the item or receive the service they desire. There are many benefits of accepting gift cards. Here are just a few:
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Topics: Payment Technology, Small Business Tips, Getting Started with Payments

5 Things You Wish You Would've Known Before Opening Your Retail Store

Posted on Aug 13, 2019
They say that youth is wasted on the young. Nearly all of us wish we could go back in time to shake some commonsense into our younger selves. This universal desire applies to everything from love to health to business. It even applies to retail. Just think of everything you wish you could have told yourself before opening your first store.
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Topics: Small Business Tips, Getting Started with Payments

How Much Money Do You Really Need to Start a Business?

Posted on Jul 02, 2019
Starting a new business can be both exciting and terrifying. If successful, you face the possibility of leaving your day job and earning more money than you ever dreamed possible. At the same time, there are so many expenses to cover — all before making your first sale. Even for seasoned veterans, navigating the business landscape is inherently risky. However, it’s possible to mitigate some of these risks if you prioritize your finances and spend wisely.
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Topics: Small Business Tips, Getting Started with Payments, Awareness

How to Know When to Upgrade Your POS Equipment

Posted on Jun 27, 2019
Investing in technology is one of the biggest business decisions you’ll make. You want to ensure your business is benefiting from what’s available, but you don’t have the budget to buy every gadget that comes to market. For a retailer, this technology decision often hinges on when to upgrade the POS equipment. Here are some things to consider that will help inform your decision about when it’s the right time to upgrade and choose the right POS system for your business.
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Topics: Due.com Partner Posts, Payment Technology, Small Business Tips, Getting Started with Payments

Should Your Business Still Accept Checks?

Posted on Jun 11, 2019
According to historians, the first check was invented in ancient Rome, around 352 BC. It took a couple thousand years for the concept to really catch on, with checks enjoying their heyday during the 20th century.  Despite the advent of faster, cheaper, and more secure payment options, checks remain surprisingly popular. According to the Federal Reserve, Americans write nearly 17 billion checks annually — with an estimated payment volume of $26 trillion.
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Topics: ACH/eCheck Payments, Small Business Tips, Getting Started with Payments

The 6 Biggest Money Mistakes SMBs Make

Posted on May 30, 2019
Depending on whom you ask, anywhere from 50 percent to 90 percent of new businesses fail within their first few years.  The exact reasons why vary from startup to startup.  Below are six of the biggest money mistakes entrepreneurs make when trying to get their new businesses off the ground.  Avoid these pitfalls, and you could dramatically increase your chances of long-term success.
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Topics: PCI Compliance and Fraud Prevention, Small Business Tips, Getting Started with Payments

How to Increase Alternative Checkout Options

Posted on May 21, 2019
The last thing any online or in-store retailer wants is for their customers to abandon their shopping carts. That means a lost sale in the present and the potential for lost sales in the future if the customer decides to not return. However, some retailers have been so accustomed to controlling the transaction process that they have lost touch with what their customers want out of a checkout experience. 
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Topics: Due.com Partner Posts, Mobile Payments, E-Commerce and Online Payments, Payment Technology, Small Business Tips, Getting Started with Payments, Payment Trends

5 Thing to Do Before Completing Your PCI Assessment

Posted on May 16, 2019
The Payment Card Industry Data Security Standard (PCI DSS) is a broad set of guidelines that govern how organizations should handle credit or debit card information.  It doesn’t matter how large your organization is — or whether it’s a for-profit business or charitable foundation. If you store, transmit, or process payment card data of any kind, you must become (and remain) PCI-compliant. 
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Topics: PCI Compliance and Fraud Prevention, Small Business Tips, Getting Started with Payments

Differences Between Prepaid, Debit, and Gift Cards

Posted on May 02, 2019
According to The  Nilson Report, payment cards generate more than $6.5 trillion in purchase volume annually in the U.S.  That’s a lot of money.  As a merchant, it obviously makes sense to add “plastic” to your list of accepted payment options. Doing so allows you to tap into this multitrillion-dollar pie.However, this volume includes many types of plastic, with credit cards generating the largest share at $3.7 trillion a year.
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Topics: Small Business Tips, Getting Started with Payments, Awareness, Consumer Education

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