Why You Need An mPOS For Your Business

If you are running a business nowadays, you definitely need a mobile card reader or a mobile cash register. The General Mobile Point of Sale industry is increasing by the day and as the festive season approaches, you will need a MPOS more and more, especially if you are a small business. At this time of year, Christmas fairs, fetes and shows where you can show off what you have to offer are everywhere and with card being much more convenient for people nowadays, you don’t want to be left behind by only accepting cash payments (plus constantly having to worry about change too!). Why not take both?

SumUp is the leading mPOS company in Europe. They were established in 2012 and have steadily built themselves up since then, offering card readers and a POS system. It baffles me in this day and age that there are many small businesses who don’t accept card payments via a mobile system.

SumUp have explained here how Chip & Pin technology works but their mobile card readers accept tap (contactless but NFC is not available in the US just yet), Chip & PIN and swipe. I can’t believe that many small businesses haven’t yet taken advantage of such technology – their machines accept all debit and credit cards, there are no fixed costs and you can sign up in just five minutes.

So what are the benefits to small businesses in having such a payment system?

The fact that it accepts ALL debit and credit cards

This is great – even some card machines in shops don’t accept all cards. The reader connects via Bluetooth and is compatible with IOS/Android smartphones and tablets.

The fact that there are no fixed costs

You don’t pay out a fixed amount – you only pay 1.69% per transaction. This means if you have a lean month, you haven’t got to worry about a fixed payment going out and you also always know where you stand should you have a really busy month. Payments go straight into your bank account.

It is a quick and easy signup

Sign up takes just five minutes and is totally online. There is no fixed contract and no paperwork so you can see if it works for you – it will – and if it doesn’t which is unlikely, you aren’t bound into any contract.

You’ll be on the same level as your competitors

So many of your competitors are already using card readers so if you aren’t, you are falling behind. You want to be on the same level or even ahead of them – it makes smart business sense.

They have the highest security standards

Security is at a high – everyone’s details are fully secure.

They say cash is king but it is no secret that card payments are on the rise and many people don’t carry cash with them at all anymore. Do you want to be left behind or are you willing to invest in your small business and help it to grow?

With the Christmas season fast approaching, what are you waiting for? A mobile card reader is calling your name.


4 Options to getting out of debt instead of going bankrupt

If you are under heavy debt and are seriously considering declaring bankruptcy to just end it all and call it quits, then you are surely going to regret it. Before you jump the gun, let me just tell you that there are many alternatives to declaring bankruptcy. In fact, if you just exert enough effort and time, then you will surely find the perfect alternative to handling your debt instead of going bankrupt. Furthermore, declaring bankruptcy is not just a poor solution to your debt, its consequences can affect your life in the future as well. You see, bankruptcy will forever show on your records and no matter where you go, people will always know that you once quit and walked out of a big challenge. And this will surely affect your livelihood should you pursue employment or start a new business. Fortunately though, as said above, there are many alternatives in getting out of huge debt instead of going bankrupt, below are 4 of them.


  1. Negotiate with your Creditors – Debt Restructure

First of all, when declaring bankruptcy, the bank or the government takes over all of your assets and administers the sale of them and the subsequent payment to your various unsecured and secured creditors. While this rids you the hassle and the heartache of dividing what is left of you to your creditors, it is actually a disadvantageous situation for your creditors. In most bankruptcy cases, the creditors get less of what they expect from you even if they know that you are suffering financially.

From this fact alone, we can learn that creditors will be always open to discussion and negotiation about your debt especially if you are on the brink of declaring bankruptcy. Therefore, approach your creditors and sit down with them to discuss if you can restructure the terms of your debt. You can ask for a grace period or lowered interest rates or principal amount. Whatever it is, creditors will always agree to the situation where they can get more. And a bankrupt debtor will always have less for the creditors.


  1. IVA Help and Advice

You can also opt for IVA or Individual Voluntary Arrangement instead of bankruptcy. An Individual Voluntary Arrangement is an agreement or contract between you and your creditors, which is administered and supervised by a licensed Insolvency Practitioner which gives you the chance to pay your creditors at an agreed monthly payment which is reasonable to you. The contract usually lasts for five years, and upon its end, the remaining balance and interests are formally waived off. IVA contracts are legally binding, thus, upon entering the agreement, the creditors won’t be able to act against you. If you are interested, then quickly search for the nearest IVA Help & Advice company. The faster you act, the better agreement you can get.


  1. Debt Consolidation

Another alternative that is better than declaring bankruptcy is by actually incurring another debt. Though it may sound scary, consolidating all of your debts into one loan might just be the best solution for you. Not only will you be able to pass all of your debts to a single entity, you will also have lesser worries as you will only deal with a single creditor instead of the many creditors you have.

If you want to consolidate all of your debts into one loan, then government affiliated banks are the best for you as they can sometimes have programs that can help improve your financial situation.


  1. Sell your Unsecured Assets

If you still have many unsecured assets, then it might also be a better choice to sell them yourselves and divide them among the unsecured creditors. By doing the sale yourself, you are giving yourself the chance of possibly earning more from the sale of the assets. Who knows? You might just solve your debt crisis from amazing sales and prevent declaring bankruptcy.

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5 Reasons it is helpful to consult an attorney about employee laws in the UK

No matter how much we try to fix minor misunderstandings and prevent them from developing into more serious workplace issues, they are sometimes unavoidable and surely difficult to deal with by ourselves. In the United Kingdom, there are several existing employment laws that are intended to protect the rights and to uphold the responsibilities of both the employers and the employees. Sometimes workplace issues can be settled by the two parties involved while others would require assistance from attorneys specializing in employee laws.


Employment lawyers are equipped with the proper knowledge to advise appropriate actions and to help you settle work issues fast and effectively. Here are 5 reasons it is helpful to consult an attorney about employment laws in the UK. Whether you are an employee or a business owner, employment lawyers can always help you with any workplace issue. Visit https://www.elliswhittam.com and explore the best options for your employment needs.


  1. They can help you structure your business.


If you are a business owner, hiring an employment lawyer can help you properly design the structure of your business. Depending on the type of business that you will be running, you have the option to choose non-profit, sole proprietorship, partnership, limited liability company (LLC), or corporation. Getting an attorney who is knowledgeable of laws related to business can guide you through personal liabilities, tax obligations, set-up fees, expenses, acquisition of funding, and other related matters. Lawyers can also help you create and file documents required in your business.


  1. They can help settle issues out of court.


When dealing with employment issues, you can consult an attorney about the possible options that are available to you. Most of the time, discussing the issue with a lawyer can help you decide whether you should still pursue the case or not. They can explain to you about your position and claims and help you come up with strategies that would save you from long and expensive court proceedings.


  1. They can help you save your job.


There are cases wherein business owners will sometimes terminate their employees without proper consultation of existing employment laws. Hiring an employment lawyer can help them fully understand labor laws thereby guiding them in their future decisions. Your employer might want to review the law first before conducting actions hastily.


  1. They can handle workplace issues with ease.


From abuse to discrimination issues, employment lawyers are capable of handling workplace issues with ease. Not every workplace issue can be solved by the human resource department since they are not as well versed with the labor code as the lawyers are and there might be some bias involved. With their extensive knowledge of labor and employment laws, attorneys can swiftly act on an issue while protecting the rights of both the complainant and the defendant.


  1. They can advise you on employment contracts.


To prevent complications in the future, you can also request the help of lawyers in drafting a contract as an employer or in reviewing a job offer as an applicant. With the help of employment lawyers, you can lay out the possible options such as putting a dispute clause in order to solve issues without the need for lawsuit filing. You may also consult whether your decisions legally adhere to the contract and labor laws or not.