An introduction to the Forex Broker eToro

 eToro is a global phenomenon and it’s one of the best trading platforms all around the world. Counting with 111 million users in more than 140 countries, the name eToro has become an institution in the Forex trading world. 


forex trading


Designed with the idea of smoothening the road to new traders, the platform offers loads of features that beginners will find particularly useful, as well as abundant information that will make it easier to start trading. But the platform is also useful for experienced traders, with very intuitive management and clear options.


While many different assets can be traded on eToro (commodities, cryptocurrencies, and CFDs), Forex trading, which is the exchange of foreign currencies, is one of the most popular. 


What is Forex Trading?


Currency trading, which is commonly known as Forex or FX trading, is one of the most active markets all around the world. Trading currency means buying and selling different types of money, like US dollars, pounds, or euros. This is necessary to keep international commerce flowing and also for tourism and traveling.


Technology has made able to millions of traders operate in the Forex trading marketplace live, following the latest trends and being creative in their investments.


In fact, a platform like eToro allows trades to get started in the world of currency exchange just using a small initial capital. This, in particular, makes eToro very attractive for beginners in Forex trading.


As a matter of fact, in eToro beginner traders will find a lot of interesting information to start trading in the Forex market and heighten their chances to make a profit, therefore reducing their risk of losing their money. eToro is committed to help and educate new traders to perform well in the trading world.


Risk in Forex trading


The main risk of Forex trading comes from the volatility of the currencies you may be dealing with. While this is where opportunities come from, it also represents a risk.


Another risk factor is leverage. This tool used well can enhance profits, but it also comes with a high level of risk, meaning that losses can be higher than the initial deposit amount.


Forex Broker eToro: an introduction


eToro is one of the favorite trading platforms chosen by millions of traders all around the world. Here is an interesting eToro review that will prove the benefits this platform offers to newer and expert forex traders. 


Some of the benefits of using eToro to operate in the Forex trading market are low deposit needed to get started, potential high profits, small fees, and low costs, freedom in terms of location since all is done online.


If you’re wondering how to get started with eToro, don’t worry. Keep reading below and become one of the many users that have been initiated into the Forex trading operations, with the potential of making profits.


How to start using eToro?


Registering on the eToro trading platform is very easy and takes just a few minutes to go through the required steps. Once you’re registered you can make your first deposit and start using the many features that the eToro trading platform offers.


First of all, sign up in eToro. It only takes a minute to complete the required information in order to create a new account.

Next, you are required to verify your account. This offers safety to your account and protects your interests.


Then, it’s time to make your first deposit using one of the many options that eToro makes available to their traders. This step is also really easy!


Finally, there is nothing more to do, but start trading!

New Dental Plans Is Great For Teeth Health And Dental Care

 Over the past few years, Lake Mary Dental has expanded and added more dental services to their existing family plan offerings. Many residents and families have been thrilled with the many benefits and extras that are available to them, from free cleaning in between dental visits to free dental cleanings every single year. With the new coverage package, many long-term patients and other staff at Lake Mary Dental can celebrate an old-fashioned love story that truly played out right in front of their very eyes. Just as the wedding bells began to ring, wedding bells have now taken the place of routine dental drills.


Dental Insurance


Dental insurance is usually purchased by families before any kids come into the picture, but a new policy will be made available to children within the next year. Since dental services can be costly in today's economy, some parents may choose to wait until their children are older to get some insurance, but now's the perfect time to get some dental plans started.


dental insurance


lake mary dental care is something that all kids should receive as early as possible, even if it is only for the first few years of their life. As children grow older, they will begin to visit their dentists on a routine basis, and most kids will find themselves getting cavities and having root canals every year. Even if your child is already old enough to get dental plans through a family plan, there is still a lot of money saved on routine care and preventive services. Not to mention that children who are covered by dental plans are far less likely to develop cavities or get their teeth pulled.


With the new policy, dental care for children is offered at the same rates that you would expect to pay at an adult dentist's office. This means that if your child has a cavity or needs to have his or her tooth pulled, the cost will be no different than you would pay at a normal dentist. The new plans will allow you to take advantage of the same discounts on dental services as adults and use any savings for other medical emergencies as well.


Lake Mary Dental's new dental plan is one of the best policies out there. In fact, many people have chosen to purchase it, especially those who live close to the city. While some may feel the policy doesn't cover all of their needs, others will find that the dental services offered are very high quality and the coverage levels are high enough to keep them happy and healthy without a lot of stress.


Dental Plan


If you are interested in joining the dental plan, you will first need to schedule an appointment. To schedule an appointment, you will need to call the Lake Mary Dental offices listed above and speak to a representative who will be able to answer any questions you may have about the new dental plan. You can also call the Florida Department of Financial Services for an application that you can fill out, which will be used to determine if you qualify for this special policy. Once you submit the application, you will be able to book an appointment with a dentist that is within your zip code for a free consultation to discuss the benefits that are included with the new coverage plan.


You should be able to get the information you need to see whether or not you are eligible for this new policy after you have submitted the application. Depending on what the policy offers, you may be able to pay a flat fee or monthly fee for a limited amount of time. However, there is usually a waiting period before the waiting period expires, so if you know when that is, you can use that time to find a dentist within your area that is just right for you.


Once you get your dental plan, you will be happy that you did everything you could to get a plan for yourself and the one you want for your family. There are so many benefits that are included with this coverage and you will be able to take advantage of these benefits without a lot of stress and worry.

What is a Wax Liquidizer?

 What makes a Wax liquidizer different from other liquidizers? What ingredients do they use? How does Vape Juice work?


The truth of the matter is that Vaping is one of the fastest-growing trends in the USA and it's a popular product too. What makes Vape Juice special however, is that the Vapors produced by the Vape Juice maker contains no chemical additives or any other harmful elements at all.


Most vaporizers today also contain their own organic chemicals for producing vapor but the real beauty about this product is that it doesn't. So what ingredients are used in a Wax liquidizer? Well, you can get a Vape Juice maker that contains all kinds of different ingredients like fruit extracts, fruit juices, sugar, fruit butters, and of course, propylene glycol.


Wax Liquidizer

Propylene Glycol is actually a cheap preservative that has been found to cause allergic reactions in people who are allergic to them. Since propylene glycol has no taste, it is difficult for most people to even use them as it's not as popular as other ingredients.


Propylene Glycol is usually mixed with fruit juice to produce an organic tasting vapor. But what it lacks in taste, it makes up for in concentration as well as in potency.


Propylene Glycol is commonly found in some of the cheapest and least expensive types of vaporizer available today. A lot of these products do not have very good reviews and are very low end and not very effective. What makes these products so bad is that they do not provide much in terms of cleaning. This can lead to a buildup of residue which makes a vapor very difficult to inhale without coughing.


A Vaper Juice maker uses no chemicals and instead uses fruit juices, butters, and sugars to create a very effective product. It provides a rich flavor and it also doesn't contain any of the unwanted ingredients that are usually found in cheap Vapors.


The Vaper Liquidizer is more than just an affordable way to create a vapor. You can save a ton of money on your Vaper Juice by using a Vaper Juice maker over a cheaper one.


A quality product should also provide you with easy cleaning so that you can keep your own product fresh and clean. This will make your experience with the product more enjoyable.


Many of the better quality waxes today can also be used on other types of vaporizers. So if you're looking to make a very potent vapor then one of the better brands will work well for you.


These products range in price from $50 to hundreds of dollars. If you're just trying to make a basic vapor then you may want to try out one of the cheaper brands.


If you want to be able to use this product with other types of products then it would probably be best to stick to the cheaper brands. This will give you a chance to try the product out before spending the money on the top brands.


While the higher-priced products may be better than the cheaper products, it isn't really worth spending a fortune on one of these quality products. You can find a Vaper Juice maker to suit your needs and taste.


With a vaporizer you can produce a very effective product that does not involve any chemicals and is very easy to use. You won't need to worry about having to use too much oil to get a good amount of vapor or even wasting any of it.


This quality vaporizer has been around for a long time and it is still making people happy today. If you're looking for a vaporizer with a higher quality then you may want to look for one of the top-rated brands. There are many people that love them but there are also some people who don't.


The only good thing about a good vaporizer is that it allows you to create a quality product in your home. You can find something that meets your needs and tastes perfectly.

7 Best Ways To Save Money From Salary

Saving your money from salary is more difficult than making money.

If you're making $1000 a day but you're not saving your money then there is no importance of that money.

Well, if you understand how to save money from your salary, you can easily achieve your financial goals no matter how hard they are.

In fact, this post will show you exactly how to save money from your salary.

Save Money From Salary

Let's have a quick look at what are the ways to save money from your salary:

  • Keep a track of your finances
  • Pay off your debts first, if you have any debt
  • Keep Tracking Your Expenses Every Month
  • Cut Down Your Extra Expenses as much as you can
  • Save Your Money While Shopping
  • Switch to an online savings account
  • Set direct deposit or Use Automatic Savings App to save automatically

1. Keep a track of your finances

Since you have a consistent fixed income, it is very important to manage and save your money, one of the important things is to keep a track of your finances.

The biggest mistake people do is they just don't care about their financial situation, buy anything that they want and not try to save some extra money.

The most efficient way to keep a track of your finances is to make your budget list and spending list.

While making a budget list try to write the most necessary expenses first and least important in the end. In this way, you'll actually realize what are the important expenses for you.

Well to find out whether you have invested in the right expenses or not, make a list of the expenses that you have spent in a month. To find out your monthly expenses, you can use your past credit card bills or bank statements.

All right, find out which important things you have really done and what unnecessary things you have bought or did.

2. Pay off your debts first, if you have any debt

Before saving money from your monthly salary, you have to pay off your debt quickly.

If you will not pay off your debt, your more than half income will be wasted in paying off your debt. And in this way, you will keep taking new debt just to pay off the previous one.

To pay off your debt, one of the most important things is to say no to more debt. It doesn't matter whether you have owed a high-interest debt or low-interest debt, both are bad for financial life. A low-interest debt also takes a large amount of your income to pay off that debt.

I know it sounds obvious, but it is not. What most people do is just take another debt to pay off the previous one. And if you do this, you will never get out of the debt.

But, the problem becomes more difficult when you have a low income. In this case, it is very important to make a proper strategy to pay off your debt.

Well, I have recently published a post on how to pay off your debt with low income

3. Keep Tracking Your Expenses Every Month

Your expenses play a major role while saving your money. It is very important to keep tracking your spending.

How can you keep tracking your expenses?

Well, you can easily do that by making a budget list, you can easily do that in google sheets or use the traditional way of writing lists with the help of paper and pen.

But, how can you know what you have spent?

To know what you have spent, you can use your past month's credit card bills or bank statements, or you can also see your purchase on any app if you use a savings app.

It is not about for a month or two, it's about every month. It is important to make your expenses list and keep tracking your expenses every month.

Sometimes, you'll see that there are more expenses while sometimes expenses go very high. Whenever the expenses fall down, try to save more money on that month.

And, when expenses go high, you must know what those expenses are and why they occur.

If you analyze your expenses in this manner, it will become easier for you to cut down your extra expenses.

That's our next tip.....

4. Cut Down Your Extra Expenses as much as you can

After tracking your expenses, the next important thing to cut down your extra expenses.

Having extra expenses is normal but the problem is to find those expenses. Because if you are spending your money on those expenses, it means you want to do it. And in this case, you'll not find that extra expense.

Those extra expenses can be anything like Entertainment expenses, your any addiction, any non using services.

If you use different online services like Netflix or any app services, sometimes you set automatic payments for a long time. If you're using private vehicles for traveling, try to use public vehicles as they are more cheap.

The best way to know what your extra expenses is to make your spending list. To find out your monthly expenses, look at your past credit bills and bank payments. Now, have a look at your past payment and find out your extra expense.

Try to avoid that expense and invest that money or put it into a savings account.

5. Save Your Money While Shopping

Of course, all of you want to save your money while shopping.

But, the question is how can you do that?

If you shop offline, you can buy groceries, clothes, and other products in the large stock when you find a good amount of discount and offers for later use.

Well, if you shop online, you have a great chance to save your money. It is very important to save your money while shopping online.

How can you do that?

Use the best cashback apps that help you to save money while shopping online. You can use the wikibuy app and honey chrome extension for saving your money.

For grocery shopping, you can use Shopkick, it helps you to save money while shopping for groceries.

Other than giving the best coupon code, it also helps to track the price of any product. When you will view any product in the wikibuy app, it keeps tracking the price of that product and let you know whenever the price of that product will fall down.

On the other hand, Honey is a chrome extension that provides coupon codes in just one click. It is very useful when you want a coupon code very fast while shopping online.

There is also one more app that is Ibotta which helps you to save money even after shopping. Just scan your shopping receipt and it will automatically add money to your account.

6. Switch to an online savings account

Easy to access is not only the reason to switch to an online savings account.

There are more other benefits like you get higher interest for your savings whenever you'll save money in your savings accounts. You can keep your savings without paying monthly fees for it.

Apart from these, there is one more benefit of switching to an online savings account, you can automate your direct deposits or withdrawal from your checking account to your savings account.

Well, this is something that you'll learn in the next tip.

7. Set direct deposit or Use Automatic Savings App to save automatically

It is very difficult to save money from yourself.

How good it will be if you can save your money automatically?

Well, you can do that. You can set direct deposits or withdrawals from your checking account to savings account to save money automatically. You'll have to set the amount and frequency ( exactly how many times you want to transfer your money from checking account to savings account).

These automatic savings can help you to save for future retirements, achieve your future goals, or build emergency funds.

If you don't want to do this, you can also try the some online apps. It automatically rounds-up your money to save your money automatically.

Whenever you will purchase anything from your credit cards and transfer that money into your acorns core account.

Other than saving your money automatically, it also helps to save your money while shopping online. Its found money feature helps to save your money whenever you'll shop with their partner stores.

Bottom Line For Saving Money From Your Monthly Salary

Here you have 7 best ways to save money from your monthly salary.

In short: if you want to save money from your monthly salary, keep tracking your finances, cut down your extra expenses, and use cashback apps to save extra money while shopping online.

Now I would like to know something from you:

Which tips are you going to try?

Are you going to use cashback apps while shopping online?

Or maybe you'll try an online savings account.

Either way, let me know your opinion in the comments section below.

About the writer: Anshul Kahar is a Founder of Acetechdollar which is a personal finance blog. He is a college student who loves to gain knowledge about finance. He loves to gain and share the knowledge of stocks, personal finance, loans, and debt which he shares with its audience with the help of his blog.

How to be Prepared Financially for the Next Pandemic

 Looking to be financially secure for the next pandemic? 

Today, I have a great article from Neiko Johnson on how to be financially prepared for the next pandemic. Neiko and his wife paid off $240,000 of debt in 27 months. They share their finance knowledge and debt-free journey on their blog Secret to Finance. The primary focus of their blog talks about budgeting, paying off debt, money tips, building generational wealth, and increasing income with side hustles.

In today’s society, money issues have been the norm and it happens to people in every income bracket.

It is important to understand what areas of your financial plan to focus on to be financially prepared for the next pandemic. You want to be proactive and not reactive when it comes to your money and life.

First off, personal finance is 80% behavior and only 20% head knowledge. This simply means that it is critical to understand the basic principles of finance, butit is even more important to understand how to execute those principles.

Use the 3 tips below to find the right steps to take to reach financial security and live with an ease of mind when it comes to your money.

1. Get on a budget

If you are not already on a monthly budget, this is the best time to get started. Getting on a budget is one of the most important things you need to do to be prepared financially.

A budget is not putting you on a spending restriction. It is simply allowing you to control where and how you spend your money. Certainly, some people view a budget as pointless, butit is key to your overall financial success.

Follow these easy 5 steps to create your monthly budget:

1. Calculate your after-tax income

2. Calculate your monthly expenses

3. Choose a budgeting plan

4. Write it out and commit to it (your spouse too! if applicable)

5. Reconcile and revise as needed

Your income is your quickest way to build wealth. Getting on a budget takes time and energy, however, having one will be beneficial in the long run. Ultimately, knowing where you spend your money may seem like a boring task, but it helps you move towards your financial goals.

Of course, there are a lot of different budgeting methods out there. Butwhat is important is to choose the best one that works for you.

We use the zero-based budgeting method. It helps us stay motivated and focused on what is important in our budget.

2. Get out of debt and stay out of debt

Getting out of debt is one of the most important parts of building financial security. But, to take it even further, staying out of debt is the gamechanger. My wife and I focused on sacrificing our lifestyle to make progress paying off debt

Debt is anything owed to someone else, including student and car loans, medical bills, and credit cards. One thing to remember, being in debt will slow down your progress to building wealth. In other words, as the great Warren Buffett said, “if you take debt out of the equation, it would almost be impossible to go broke.”

3. Build an emergency fund

Having a financial plan is important but building an emergency fund is one thing everyone must do immediately. You should establish an emergency fund before paying off debt. The perfect time to build an emergency fund is before the emergency happens.

It is not if an emergency will happen, it is when. We all go through things in life and we must plan accordingly for the unexpected. I suggest starting with a smaller emergency fund of 1-2 months of monthly expenses until you are out of debt. Out of debt means, all debt paid off not including your house.

After that, increase your emergency fund to 3-6 months of monthly expenses. Build a bigger emergency fund if you do not have a secure job.Above all, think of your emergency fund as a safety net.

Final Words – how to create financial security

In conclusion, being financially prepared for the next pandemic starts with making sure your finances are in order. It is not too late to get started on your financial plan. It will take hard work, but it is not impossible.

Set your financial goals and go execute them. Start with focusing on your budget, getting out of debt, and building an emergency fund.

You are now ready to get financially prepared for the next pandemic. You got this!

How Do Accountants Add Value To A Business?

 If you are wondering how accountants boost value to any business then this article has got you covered. You will not agree more that adding value to the business is vital for business accountants and it is equally a struggle. There can be no one definite answer for what an accountant can do for business because there are just several things. Business owners have different needs but one thing is clear that accountants work towards maximizing the returns. One thing to note here is that advisers and accounts share the same role because a good accountant has to be a good adviser.  Now let’s see below how accounting firms add value to any business. 


accounting


Accounting Firms Ensures Hassle-Free Compliance

One of the best things which an accounting firm is capable of giving is hassle-free compliance. You will not agree more than how hard it is to comply with the business legal obligations. It can not only be a painful process but also distracting. So a reputable accounting firm is vital for alleviating the misery as they can take over the hassle. Further, they will take care of Bookkeeping, tax planning, BAS/IAS preparation, Income tax preparation and lodgement, timeliness and ASIC annual reporting

Accounting Firms Help With Growth  

A good accounting firm will also boost the growth of any business. Wondering how so? By defining the company’s goal. This definition is vital for achievement. If you thinking that how the accounting firms achieve this then they simply working on increasing the profits by improving several processes. They further create a fined tuned business plan and secure investment. One of the best thing which any business need is the proper decision making. A wrong decision can break any business.  So, to avoid such a result, good accounting firms prepares a reliable financial report which in turn aids the decision-making process.

Long Term

Accounting firms help businesses see the game in the long term. Business is not about the short term gain. It is the long term process. So accounting firms create a long-range business plan, maintain the plan, ensure asset protection, and assist with the trade sale. The working of accounting firms in all these key areas means that business is secured for the long term. 

Support Provided By Accounting Firms

Another vital thing that accounting firms provide great support. If you are wondering that what are some key areas where accounting firms provide help in then they help in returning the calls together with the emails promptly. Accounting firms own a great team where there are people with diverse skills. These firms are pro in handling the latest technology thus can provide the optimum solution.  To get such support from accountants it is vital for the business owners to get along well with them. The businesses have to value this relation by being completely honest and transparent. Business owners and accounting firms share the same value and thus they should work for mutual support. 

Why Invoice Finance Is Considered Important For Startup Companies


If you are about to start up a new business or a company, then it is for sure that you are very enthusiastic and full of energy for this journey. But it is not a matter of just one day, that you wake up one fine morning, and voila! you got yourself a brand new company.

Though many of us might wish it worked like that, but it does not! Starting a new company is full of provocations and hurdles. The first question that will come to your mind when you wish to start a new company is, How will I finance my company's startup?

startup companies

It can be very tough for a start-up company to get a loan traditionally through banks. 

Due to the huge risk factor related to a new business startup, banks do not usually give out loans to new businesses.

So what can you do in a situation like this? Are you looking for a loan that will not drown you into further debts? Then you must get a loan that is termed as, "invoice financing."

Now you might be thinking:

What Is Invoice Finance?

Invoice financing is a solution for businesses to get loans and fulfill their financing needs for their new business startup. Businesses choose invoice finance online because it is one of the most flexible loan solutions to take care of all the costs that will be incurred during the start-up of your business.

Why Invoice Finance Is Considered Important For Startup Companies?

Now let us take a look at the reason, why Invoice Finance online plays a significant role in startup companies. 

The principal speculation of why it is the most suitable selection is that invoice financing will see the receivables of your account as assets to be traded. It means that you will earn the profit from that at that specific moment. You will not have to wait for a long time for the consumers to make the payments against their invoices.

Why You Should Choose Invoice Finance For The Start-Up Of Your New Business?

Now you might be wondering, how choosing invoice finance online will benefit you and your start-up business. Well, let us tell you this known fact that invoice finance is great for any kind of B2B business.

Now let us take a look at what advantages you will receive if you choose invoice finance online:

1. There is no hidden or complicated stuff over here; everything related to invoice finance is simple. You just have to fill up a small application. Now, all that you got to do is to wait for your submitted application to get approved. 
2. You can continue your business normally. You can continue to provide goods and services to your consumers.
3. Now the next step is to, create copies of your outstanding invoices. 
4. Now you have to submit these copies of outstanding invoices along with the other relevant documents of your business.
5. Then the factoring company will check all the documentation, and then they will send you the money just within a few hours!
6. You can repeat this cycle as many times as you desire!

Why Is It Important To Use An Accounting Firm For A Long-Standing Business?

There are many services like management consulting, assurance services, or even tax management that accounting firms have to offer. There are even more services that are being offered by some accounting firms. Many people don't understand and realize the importance of an accounting firm for a long-standing business. They play a vital and huge role in a business in the long run. Firms offer a variety of advantages such as fulfilling customers' needs, profit, and value along with free services. If you were surfing the internet for this reason then this article has got you covered. This article will guide you through the importance to use an accounting firm for a long-standing business. 

Accounting firm

Accounting Firms Generate Financial Statements By Your Records

When business is concerned, it is important for a person to know all the profits even including the tiniest loss. The income statement is responsible for the very same reason. They provide you valuable information about the profits and loss in a precise form. Moreover, the balance sheet helps you to see a clear picture of your business. It provides information related to a financial position if your business. Due to this reason, one is able to analyze all its strong points along with few flaws. If a person opts for accounting firms, then he can totally rely on them and count on them.

Accounting Firms Help In Evaluating The Performance Of The Business

The results of the operations and the financial position of business are purely reflected by financial records. To be precise, they help you to keep track of your business financially. They help you keep track of possible debt, expenses, and gross margin. At the same time, they will also help you to compare your previous data with the current data which will help your business progress further. It will also help you in allocating your budget accordingly.

Accounting Firms Ensures Statutory Compliance

Without any doubt laws and regulations can be confusing sometimes as it differs from state to state. But at the same time, one can ease the whole confusion by proper processes and accounting systems. The accounting firm would confirm that the liabilities such as VAT, pension funds, sales tax, and income tax are properly addressed.

Accounting Firms Help To Create Future Projections And Budget 

Budgeting can be a huge issue when dealing with businesses. With the help of accounting firms, one can sort out any problems that are related to budgeting. Financial records play a vital role when it comes to business. The business projections and trends basically depend on historical financial data. Due to this reason, it can turn out to be much more profitable.

Accounting Firms Help In Filing Financial Statements

When business is concerned, financial statements are backed up by accounting firms. Entities that are listed require file along with stock exchanges. These financial statements are very important Without any doubt, one would suffer a lot if he had not opted for accounting firms. Accounting firms provide great benefits and ease up the whole process.

Top Credit Card Processing Trends in 2020

Credits cards are still the driving force of the payment world as it is the most common method of making purchases in-store. The volume of credit card payments has recently surpassed $3 trillion annually and is only continuing to increase.

A Brief Introduction of the Credit Card Processing Industry

There are two types of credit card processors:

1. Front-End Processors

The process ensures that the cardholder's account has enough funds in the account to carry out the transaction. It then routes transactions from merchants to the cardholder's account for access.

credit card processing

2. Back-End Processors

It accepts payment from front-end processors and transfers it to the merchant's issuing account
Although there are multiple credit card processing companies, here are a few of the larger acquirers that stand out.

Adyen

It is a leading credit card processing company, offering a full-stack gateway to eCommerce businesses. The company deals with risk management, payment gateways, and front-end credit card processing services.

Fiserv

Fiserv offers its full-stack payment gateways that comply with the payment methods of more than 100 different countries. In 2019, the company bought First Data to secure its data transference processes. The combined synergies may generate $500 million in revenue in five years.

Total System Services (TSYS)

It is the third-largest payment processor in the US, serving more than 3.5 million small and medium merchants. The company works with 1,300 different financial institutions in 100 countries. In 2019, it acquired Global Payments. Together, they aim to generate $300 million in revenue.

Elavon

The company is the fourth largest acquirer in Europe and seventh in the US. It is the subsidiary of US Bancorp, designed to provide online transactions and in-store payments. The company partnered with Sage Pay to increase its payment gateway market share in the UK and Ireland.

Latest Trends in Credit Card Processing

The future of credit card processing will be subject to game-changing trends that continue to evolve over time. Read ahead as we discuss these two trends in detail:

Rewards

A recent study shows that around 75% of the consumers have various reward systems attached to their favorite cards. The survey also highlights that the quality of the rewards program is the number one factor considered when consumers choose which credit card to sign up for. This held true across age groups as millennials and Gen-Z showed the same preference. 

The three prevailing reward trends in 2020 are:
  • Flexible Incentives---the ability to select benefits based on personal choices
  • Bonus points for an eCommerce shopping
  • Bonus points on shopping at select outlets
However, as the industry matures, the reward structures of these programs is beginning to shift. Experts predict that companies would require you to spend a specified amount of money within the set deadline for activating bonus points and rewards.

While in some sense, the incentives are appearing more and more attractive to the card holder, they are being asked for more significant spending on habitual shopping, such as dining, transit, and subscriptions. Ultimately, cardholders earn more on continued loyalty, but they are having to spend more than ever to attain those benefits.

The Great Market Shift

The increase in the growth of millennials and Gen-Z consumers has forced businesses to adapt to new technologies in the payment processes. Depending on contactless payment methods, millennials have boosted the prevalence of mobile point-of-sale.

These solutions accept payments from e-wallets, online transactions, and digital money. A recent survey shows 50% of the Gen-Z consumers have used e-wallets once a month, while 75% have used digital apps to make online payments.

By the end of 2024, there could be more than 16.6 million mPos terminals across the US and mobile in-store payment will project at the rate of 23.9%.

Rise of Mobile Payments

The younger generation prefers easier and more convenient ways to make purchases. They choose payment methods that function and respond according to their demands. PIN-based contactless payment via mobile devices is currently the most popular payment method among millennials and Gen-Z.

One of the contactless payment methods that is gaining traction today is Apple’s new credit card, Apple Card. After the Apple card launch, the company claims two-fold growth in transaction volume and revenue generated yearly. However, its success relates directly to the payback offers it provides to the consumers.

Apple card users receive 2% cashback on purchases via its e-wallet and 3% returns with select merchants. The rise of Apple Card has given a definitive boom to the overall digital and mobile payment industry. This also paved the way for contactless cards, which people can use in the local transit system, including various subways and metros.

Research shows that 50% of the transactions at the retail outlets are through contactless payment terminals. More than 55% of the shoppers own contactless cards and use the tap function to make the payment. The intertwining of technology and credit card payment processes are bound to grow throughout 2020.

Prevalence of Co-Branded Cards

Many payment startups and ventures have joined hands to offer a wide array of services to increase their consumer base. Such a cooperation attracts a larger number of users and creates credit cards serving an extensive range of consumer needs.

Although each credit card company offers a reward system, it has become challenging to stand out in the market due to massive competition. Thus, these mergers may provide consumers with long-term benefits and retain them for a lifetime.

Increase in Credit Cards Fee

Amid the fear of potential recession in 2019, many card issuers were cautious of their marketing and sales strategies to increase or maintain revenue. Thus, there were fewer launches and a decrease in the number of financial incentives.

The global pandemic has worsened the situation, thus tightening card issuers' budgets as the rate of risk increased. This could lead to higher credit card fees and annual charges in 2020 to compensate for the market losses. 

Conclusion

The more you keep yourself updated with the latest trends, the higher the chances to stay financially sound, regardless of the change in the payment dynamics. This will help you to make the right choices necessary for a secure financial future.

About the writer: Lou Honick is the CEO of Host Merchant Services. Prior to founding Host Merchant Services in 2010, Lou was the founder of HostMySite.com and received numerous awards including SBA Young Entrepreneur of the Year, Inc Magazine 30 under 30, and multiple listings on the Inc 500. As a serial entrepreneur, all of his companies have operated on a singular devotion to outstanding customer service and support. Lou is a respected expert on the topics of customer service, payments and fintech, Internet technology, and entrepreneurship.

5 ways to save money during the COVID-19 pandemic

If you’re like everyone else, chances are you likely struggle to put some cash aside every month. Whether it’s coffee or eating out with friends and family, spending has become an intrinsic part of life.

With the COVID-19 pandemic in America showing no signs of slowing down and restrictions reintroduced in other nations, now is perhaps the best time to continue sheltering in place.

Spending habits

Even if you’re within a low-risk group, going out less will undoubtedly help you reduce your spending. Furthermore, with unemployment on the rise, prudent spending habits will be the order of the day.

Here, we take a look at how you can make the best out of this situation.

1. Learn how to cook

The conveniences of modern-day living have spoilt us to a ridiculous extent. 

Tired? Or just lazy?

Whip out your smartphone and within the hour a delivery person will be knocking on your door. 

All of these conveniences come at a cost - both financially and physically. From a financial standpoint, the ridiculous markups delivery services charge can turn a simple takeaway meal into an expensive affair.

Additionally, the excess quantities of fat, sugar and salt in these meals can take a toll on your health. In the long-term, you’ll find yourself having to spend hard-earned money to treat illnesses or health conditions caused by an unhealthy lifestyle.

Forget takeout, pick up a few cooking skills, and start preparing your own meals. As your skills improve, you’ll gain immense satisfaction, both in terms of money saved and delicious meals eaten.

2. Start working out at home

While gyms across America are reopening, the highly infectious nature of the Coronavirus have called for renewed protective measures. All of this means that your workouts will likely never be the same again.

Instead of paying good money for a watered-down experience, why not cancel your gym membership and work out at home.

For that to work, you’ll most obviously need to have equipment of some kind. Or do you?
Besides being free, body weight workouts are one of the most effective forms of exercise - they’re quick, convenience and burn plenty of fat.

With dozens of tutorials from content creators working out at home, you won’t even need to pay for a personal trainer.

All you need is an internet connection and a smart device. With body weight workouts, you can keep in shape for free and still have some extra cash saved up every month.

3. Thin out your subscriptions

If you haven’t performed an audit of your monthly expenses, now is perhaps the time.

Take a look at your streaming subscriptions and choose one. Netflix, Amazon or Hulu, make a choice and stick with only one. While you may be spending more time at home, there’s only so much TV you can watch.

As a rule of thumb, if you use a service less than 3 times in a month, then it has to go. People often forget that cash spent on subscriptions can add up when left unchecked.

After going through your subscriptions, perform another audit at the end of the month and see how much you’ve saved.

4. Go for supermarket brand products

Supermarket brand products aka private label products have it rough. Consumers write them off as being somehow inferior where in reality there is literally no difference in quality.

The fact is that private label and branded products are often manufactured by the same company. Supermarkets have strict QC procedures in place when it comes to private label products.

After all, they would only be shooting themselves in the foot if they sold horrible products that carried their brand name. The lower marketing costs allow supermarkets to sell them at a price as competitive as the MLB odds.

So, the next time you’re out shopping, skip the branded stuff and go with the supermarket brands.

5. Put aside extra cash

If you’ve carefully followed all of the above, you’ll likely find yourself enjoying a surplus every month. 

Store all extra cash aside and deposit it into a separate bank account - preferably an interest bearing one and leave it alone. This helps you get into the habit of saving money for a rainy day.

Even if things are looking rather uncertain, it’s no reason to not be financially prudent. With so much uncertainty, these habits will serve you well in the days to come.

Why It’s a Good Idea to Clear Your Debts Before Starting a Business

If you want to start your own business but have a lot of personal debt to repay, a sensible option would be to spend some time getting this debt under control and paying as much of it off as possible before you launch your new company. Personal debt can stand in the way of entrepreneurs in a lot of ways. Not only could it make it more difficult for you to get finance for your business in the early stages, but you also want to avoid as many personal money struggles as you can in the first year of business where you’re likely to be living on a reduced income. 

Starting a Business

Your Credit Rating:

Did you know that your personal credit score can affect your ability to take out a business loan? While you can still get a business loan with bad credit - more information on that here: https://advancepointcap.com/can-i-get-a-small-business-loan-with-bad-credit-short-answer-yes/ - it’s always going to be easier to get the financing that you need with a good credit score. And the more personal debt you have to pay off, the less favorably lenders are going to view you when you apply. Paying off as much debt as possible before you get started will improve your credit score, allowing you to choose from a wider range of business finance options if and when you need them and enjoy lower interest rates too. 

Avoiding Financial Struggles:

It’s no secret that businesses don’t usually start bringing in tons of money straight away. Unless you’ve got a really unique business idea with massive demand and products or services that are going to start flying out as soon as they are launched, don’t expect your business to solve all your money problems overnight. In fact, many businesses operate barely breaking even on even making a loss for at least the first few months, and for business owners, this often means taking home a very minimal wage. The last thing that you want is to be struggling with debt on top of getting your new business off the ground, so paying off as much as you can now is something you’ll be grateful for in the future. 

What are Your Options?

There are several options to consider if you want to pay off your debts. The debt snowball method is a popular idea, where you pay off the debts from smallest to largest, and put the extra money that you’re saving once you’ve paid the debt off towards paying off the next one up until they are all paid. If you are struggling to afford to pay your debts, you may be able to make arrangements for reduced payments with your creditors and have interest frozen. Or, if you have a lump sum of money, contact your creditors to negotiate a settlement offer which could see your debt being cleared at a cheaper rate. 

If you’re thinking of starting a business, clearing your debt will not only allow you to make a fresh start financially but will eliminate future money worries and make it easier for you to get business funding.