A Complete Guide on Selecting the Right Payment Gateway

Payment gateways act as a channel that assists customers to make payments online. A thorough research would help you shortlist the available options and choose the right one in an effortless manner.

What does a store need to have to implement a payment gateway?

In order to transfer money received from the customer to the bank account of the store, most of the payment gateway providers require two things. These are a merchant account and a bank account that directly accepts credit card payments.

Types of payment gateways:

There are mainly two types of payment gateway providers:  modern and classic.

Modern gateway:

With a modern payment gateway, an online store only needs a valid account in the bank to accept credit card payments. These gateways are easy to install and configure but charges higher per-transaction fees than classic payment gateways. Some of the examples of modern payment gateways are Stripe, PayPal, and Simplify Commerce.

By installing this payment gateway, a store is saved from all the hassles involved in changing bank accounts and setting up any software to run on the payment side. The other main advantage is that integration of these gateways with the infrastructure of your store happens quickly.

One downside is that as these gateways redirect customers to off-site for making a payment, it reduces the rate of conversion for some stores.

Classic payment gateway

As in classic payment gateways, a store needs to set up a valid bank account and a merchant account for the receipt of money, it can make the process cumbersome. These gateways take a long time in the installation and require mandatory technical knowledge to perform its integration via API.

Some of the popular classic payment gateways are WorldPay, Authorize.Net, and 2Checkout.

The low per-transaction fee is one attractive feature in these gateways. So, all you need to decide is, whether a little hassle involved in classic payment gateway is worth the high fees charged by modern payment gateway.

Thus, by keeping this useful information in mind, your search for the right payment gateway would become uncomplicated and efficient.…

How Residential And Commercial Markets Benefit From Self-Storage Facilities

Self-storage facilities have gained popularity since the last few decades. They are specifically well-defined spaces that are out for rent for a limited period for a designated rent, after signing up an agreement. These facilities are available for both residential and commercial purposes to store products.

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Purpose of self-storage facilities

Self-storage facilities present many advantages with their specialized storage spaces. This type of facility attracts both residential owners as well as commercial enterprises due to their efficient and organized storage spaces. Some of the uses of self-storage facilities are mentioned below:

  • Home owners can safely store bulky and valuable belongings such as recreational vehicles; less used supplies and even leisure equipment.
  • Specialised products that need specific climate controlled storage can be stored in these self-storage spaces. Storage products such as medicines and other pharmaceutical supplies that are heat sensitive and need colder environment can be stored here. Many businesses engaging in trading of these sensitive products can avail of the facility to preserve their efficacy.
  • Inventory stocks, machinery and important documents can be stored safely in these self-storage facilities. High valued machineries, excess of inventory and documents that are in seldom use in daily operations can be stored there.
  • Such storage facility is a great idea for temporary storage for those individuals who are relocating their enterprises or homes. Individuals renovating their dwelling or office building as well as those who are relocating entirely can make use of self-storage facility to temporary store their wares to allow for smooth construction or free movement.
  • More and more offices and residential spaces are de-cluttering or downsizing to fit in essential items and do away with unnecessary things. Self-storage facilities allow taking spaces in rent without being too expensive. The fixed costs for storage facilities can be too expensive. Self-storage spaces are useful in keeping valuables and other items safe at reasonable price.
  • Individuals trying to de-clutter but not finding ample time and customers to sell their wares can temporarily store their disposable items here in the self-storage facilities.

However, self-storage facilities are not just about abandoning your unwanted or excess things. Some individuals use them for many other purposes too. Few individuals take them on rent to use them as art gallery, photograph studio, workshop etc.

With such advantages, storage units are a widely accepted facility now in the market.


Finding the Most Effective Business Template

man with a pen

If you are starting a new business, but have very little idea about how to get started, you would do well to find a good business plan template. It will help you set the right goals, and evaluate your options, so you can make the most appropriate decisions to make your company profitable in a relatively short time frame.

What a template gives you

If you have never heard of the term, a business template might make no sense to you. Here is what it does for you:

  • It gives you a customizable financial model
  • It lets you set clear goals, so that you have direction
  • It gives you the tools to measure your progress
  • When you are stuck, referring to the template will help you stick to plans and be patient

A template acts as a guide, so you know what is needed to operate a business and run it efficiently. It gives you a framework so that you can fill in the blanks with your requirement.

Where to find one

Of course, the above benefits will only apply if you find a good business plan template in the first place. They are offered by business consultants for a fee. For small businesses, this might be less than $100.

You can find great business templates by choosing consultants who specialize in small businesses and particularly those who have helped companies similar to yours. This way you can leverage their experience to get your business off the ground with a firm direction.…