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The Importance of Payment Processing for Businesses!

2/26/2023

Payment processing is a crucial part of any business that involves accepting payments from customers. It refers to the handling of financial transactions between the customer and the merchant, which can involve a variety of payment methods, including credit/debit cards, electronic checks, and mobile payments.
The payment processing system consists of several steps that occur behind the scenes, but are crucial for ensuring that the transaction is successful. Here is a brief overview of the payment processing process:

Authorization: When a customer makes a purchase, the payment processor sends a request to the card issuer (e.g., Visa or Mastercard) to confirm that the customer has sufficient funds available to make the purchase
Settlement: After the transaction is authorized, the payment processor sends the transaction details to the merchant's bank, which then transfers the funds to the merchant's account.
Funding: Once the funds are settled, the payment processor deposits the funds into the merchant's account, minus any fees or charges associated with the transaction.

There are many benefits to using a payment processing system for your business. One of the most significant advantages is that it can help to streamline your payment process, making it faster and more efficient. This can improve customer satisfaction and help to boost sales.
Payment processing systems also offer a high level of security, which is critical when handling sensitive financial information. They use advanced encryption and fraud detection tools to protect against unauthorized access and fraudulent activity.
In addition, payment processing systems can provide valuable data and analytics that can help you to better understand your customers and their purchasing behaviors. This can help you to make more informed business decisions and tailor your marketing efforts to better meet the needs of your target audience.
Overall, payment processing is an essential part of any business that wants to accept payments from customers. By using a reliable payment processing system, you can streamline your payment process, improve security, and gain valuable insights into your customer base.

We here at Island Preferred can help you save on your payment processing fees. Click on the Payment Processing tab in the menu to save.

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Use Our Capital Services to Grow Your Business!!!!

2/25/2023

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A Pizzeria with two locations in New Jersey accepted funding from David Allen Capital through the Bank Breezy Platform in August of 2022. Their primary need was the expansion of a current location.

They have funded a total of $28,000.00 between their two locations. They began experiencing incredible expansion opportunities and needed and received an additional $40,000 in November of 2022.

Then again in February 2023, another opportunity came their way to open a third location. Once again they relied on David Allen Capital and Bank Breezy for growth capital.

We contacted one of the owners, and he was very happy to give us the statement as follows:

"I am extremely happy with how simple and easy it was for my company to receive growth capital. When many businesses are closing down, our business is expanding. But we could not have done so without the help of our wonderful partners at David Allen Capital. We will continue to lean on their help as our business grows. We highly recommend David Allen Capital and Bank Breezy. We continue to go to them for help and surprisingly within 24 to 36 hours we have the capital in our bank account, It's really that easy. "

If you need Capital for your business we have it. Go here now for Application: www.topbizgroup.com

We are also a leader in getting Business their ERC returns at www.topbizerc.com

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Save On Your Payment Processing Fees?

2/18/2023

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Cash discount payment processing is a payment method in which a merchant offers a discount to a customer who pays with cash or a check rather than using a credit or debit card. The discount offered is typically a percentage of the total purchase price, and it is intended to offset the processing fees that the merchant would otherwise have to pay to the credit card companies

Lower processing fees: By offering cash discounts, businesses can reduce the amount of money they pay in processing fees to credit card companies. This can add up to significant savings over time, especially for businesses that process a large volume of transactions.

Instead of the Merchants or Businesses paying the processing fees, these costs are passed to the consumer utilizing their credit card for payments. We believe that business owners work hard and deserve every penny they make on the products and services they offer. To save on your payment processing needs: Click Here!!!

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Asset-Based Funding: A Solution for Businesses in Need of Financing

2/3/2023

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Are you a business owner in need of financing, but struggling to secure a loan from a traditional lender such as a bank? If so, asset-based funding may be the solution you're looking for.
Asset-based funding, also known as asset-based lending, is a financing method that provides loans to businesses based on the value of their assets. Instead of relying solely on the borrower's creditworthiness, the lender uses the borrower's assets as collateral to secure the funding.

The assets that can be used as collateral in an asset-based funding include accounts receivable, inventory, equipment, and real estate. The loan amount is determined by the value of the assets, and the funding is typically secured by a lien on the assets.

One of the main benefits of asset-based funding is that it provides businesses with more flexibility and cost-effectiveness than traditional financing options. For example, businesses with fluctuating cash flow can use asset-based funding to access funds when they need them, without having to pay for unused credit lines. This can help to reduce costs and increase the overall efficiency of the business.

In addition, asset-based funding can be a good option for businesses that are unable to obtain traditional bank financing. This may be due to a lack of credit history, a recent bankruptcy, or a weak financial performance. By using their assets as collateral, these businesses can still access financing, despite their creditworthiness.

However, it's important to note that asset-based funding does come with some risks. If the value of the assets decreases, the loan amount may also decrease, putting the borrower in a precarious financial position. Additionally, the lender may seize the assets if the borrower defaults on the loan, which can have a devastating impact on the business.

Asset-based funding can be a valuable solution for businesses in need of financing. However, it's important to carefully consider the risks and benefits of this type of financing before making a decision. If you're considering asset-based funding, it's recommended that you consult with a financial advisor or lending professional to determine if it's the right option for your business.

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What Are Employee Retention Tax Credits?

2/3/2023

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The employee retention tax credit (ERTC) is a tax credit that eligible employers can claim on their federal tax returns to offset a portion of the wages they pay to their employees. The credit is designed to encourage employers to keep their employees on their payroll during economic downturns, such as the COVID-19 pandemic.
The specifics of the ERTC program vary depending on the legislation in place, but generally, eligible employers can claim a credit of up to 50% of the qualified wages they pay to their employees, up to a certain limit per employee per quarter. Qualified wages include those paid to an employee who is not providing services due to circumstances related to COVID-19, such as a reduction in business hours or a temporary shutdown.
To claim the credit, employers must complete and file the appropriate forms with the Internal Revenue Service (IRS) and provide documentation of their eligibility and the wages they paid to their employees. It is important to consult a tax professional or the IRS for specific details on how to claim the ERTC, as the eligibility criteria and the amount of the credit available may change depending on the legislation in place.

Our company is currently working with a CPA firm and Tax Attorneys to get our clients the returns they deserve. To find out if your business qualifies for the ERTC go to our website: www.topbizerc.com or click the link in the menu above.

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The Benefit of Equipment Financing.

2/2/2023

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Equipment financing is a type of loan used to purchase equipment, machinery or other assets for a business. The benefits of equipment financing are:

1) Preserves capital: Equipment financing allows a business to obtain equipment without using its own capital, leaving more funds for other expenses.

2) Tax benefits: Interest paid on an equipment loan may be tax-deductible.

3) Up-to-date equipment: Equipment financing enables a business to regularly upgrade or replace equipment, allowing it to remain competitive and efficient.

4) Fixed payments: Equipment financing typically has a fixed interest rate, providing predictable and stable monthly payments.

5) Flexible terms: Equipment financing can be customized to meet the specific needs of a business, with flexible repayment terms and options for lease or ownership.

6) Improves cash flow: By spreading the cost of equipment over time, equipment financing can help improve cash flow and reduce the immediate impact of a large purchase.

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Is Revenue Based Capital Right For Your Business??

2/2/2023

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Revenue-based capital is an alternative form of financing that enables startups and other growth-stage companies to raise funds without issuing equity or incurring debt. Instead, investors receive a portion of the company's revenue as a return on their investment. This structure is often used by companies that have a proven business model but have not yet reached profitability.

In a revenue-based capital agreement, the investor provides capital to the company in exchange for a fixed percentage of the company's monthly or quarterly revenue. The percentage is agreed upon at the time of investment and can range from 1-10%. This arrangement is similar to a royalty, as the investor receives a share of the revenue generated by the business.

The main benefit of revenue-based capital is that it allows companies to access capital without giving up equity or incurring debt. This is particularly beneficial for startups that are just starting out or are not yet profitable, as it provides them with much-needed funds to grow their business without sacrificing ownership or control. Additionally, revenue-based capital is less risky for investors, as they receive a return on their investment even if the company does not grow or is not successful.

However, there are also some drawbacks to this form of financing. For example, the percentage of revenue that must be paid to investors can be high, which can put a strain on the company's cash flow and profitability. Additionally, the terms of the revenue-based capital agreement are usually inflexible, and the company is obligated to make payments even if its revenue decreases.

In conclusion, revenue-based capital is an attractive option for startups and growth-stage companies that are looking for an alternative to traditional forms of financing. It provides access to capital without sacrificing ownership or control, and can be less risky for investors. However, it also comes with its own set of risks and drawbacks, and companies must carefully consider their needs and goals before entering into a revenue-based capital agreement.

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My name is Bill Schall I am a Certified Residential Appraiser in New York. My company does Real Estate Appraisals in Suffolk and Nassau Counties.

In addition, we help our clients with business services in our partnership with David Allen Capital, Inc. Our service include: Business Capital, Employee Retention Credits, Lines of Credit, Payment Processing and more.

The Importance of Payment Processing for Businesses!

Use Our Capital Services to Grow Your Business!!!!

Save On Your Payment Processing Fees?

Asset-Based Funding: A Solution for Businesses in Need of Financing

What Are Employee Retention Tax Credits?

The Benefit of Equipment Financing.

Is Revenue Based Capital Right For Your Business??

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