EFT: A Guide to Electronic Funds Transfers

In the digital age, the way businesses handle transactions has evolved dramatically. One of the most significant advancements is Electronic Funds Transfer (EFT), a method that has revolutionized the speed and efficiency of payments. This comprehensive guide aims to cover everything you need to know about EFT, from its basics to its application in various business scenarios.

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Table of Contents

  1. What is EFT?
  2. Types of EFT Payments
  3. EFT vs. ACH: What’s the Difference?
  4. How to Send EFT Payments
  5. Business-to-Business ACH Transfers
  6. EFT Fees and Costs
  7. Setting Up EFT for Your Business
  8. Cross-Border EFT Services
  9. Legal Aspects: EFT Act
  10. Market Information](#market-information)

What is EFT?

EFT stands for Electronic Funds Transfer, a broad term that encompasses various types of electronic payments, including wire transfers, direct deposits, and even digital checks. It allows for the instant transfer of funds between bank accounts without the need for physical checks or cash transactions.

**Expert Advice**: “The future of business is digital, and EFT is a cornerstone of that transformation.

Bill Gates

Types of EFT Payments

  • Direct Deposit: Salary payments, government benefits.
  • Wire Transfers: High-value, time-sensitive transactions.
  • Online Payment Transfers: E-commerce transactions.
  • Automatic EFT Payments: Recurring bills like utilities.

EFT vs. ACH: What’s the Difference?

EFT is often confused with ACH (Automated Clearing House). While both are forms of electronic payments, ACH is a network that processes large volumes of credit and debit transactions in batches.

Historical Data: The ACH network was established in the early 1970s and has been a key player in the evolution of electronic payments.

How to Send EFT Payments

  1. Log into your online banking portal.
  2. Navigate to the ‘EFT Payments’ section.
  3. Enter the recipient’s bank details.
  4. Confirm and send the payment.

Business-to-Business ACH Transfers

For B2B transactions, ACH transfers are often preferred due to their low fees and batch processing capabilities.

EFT Fees and Costs

  • Transaction Fees: Vary by bank and type of EFT.
  • Monthly Fees: Some banks charge for EFT services.
  • Cross-Border Fees: Additional charges for international transfers.

Setting Up EFT for Your Business

  • 1. Open a business bank account.
  • 2. Register for online banking.
  • 3. Enable EFT features.
  • 4. Train your team on EFT procedures.

Cross-Border EFT Services

Companies like TransferWise and PayPal offer cross-border EFT services at competitive rates.

The Electronic Funds Transfer Act protects consumers by regulating EFT services and providing a framework for resolving errors.

Market Information

Major EFT Companies: Stripe, Square, Adyen

Banks Supporting ACH Network: Chase, Bank of America, Wells Fargo

Business Leasing Solutions: The Comprehensive Guide to Asset Financing for Your Company

In today’s rapidly evolving business landscape, having the right assets—be it machinery, vehicles, or even an entire factory—can make or break your success. But the acquisition of these assets often involves significant financial outlay, making it challenging for many businesses to keep up. That’s where business leasing solutions come in, offering a more flexible, cost-effective alternative to upfront purchases. This comprehensive guide will walk you through the ins and outs of business leasing solutions, from commercial equipment finance to more specific forms like car, plane, and factory leasing.

Success usually comes to those who are too busy to be looking for it.

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Henry David Thoreau

Table of Contents

  1. What is Business Leasing Solutions?
  2. Historical Overview of Business Leasing
  3. Types of Business Leasing Solutions
  4.  Commercial Equipment Finance
    •   Car Leasing
    •    – Plane Leasing
    •    Factory Leasing
  5. Pros and Cons of Business Leasing
  6. Legal Aspects to Consider
  7. Financial Parameters to Keep in Mind
  8. Commercial Equipment Finance Companies: Top Picks
  9. Equipment Finance Solutions: What to Look For
  10. Case Studies on Successful Leasing
  11. Market Information and Leading Companies in the Sector
  12. Future Trends in Business Leasing
  13. Expert Tips for Business Leasing
  14. How to Get Started with Business Leasing

What is Business Leasing Solutions?

Business leasing solutions refer to various arrangements that enable companies to use assets like equipment, vehicles, or even real estate, without having to own them. These leasing solutions range from short-term rental agreements to long-term leasing contracts.

Historical Overview of Business Leasing

Believe it or not, the concept of leasing is not new. As far back as ancient civilizations, records indicate that leasing was a common practice for agricultural tools and other equipment. Fast-forward to the 21st century, and leasing has become a sophisticated financial tool for businesses looking to manage their assets efficiently.

Types of Business Leasing Solutions

Commercial Equipment Finance

Commercial equipment finance allows businesses to acquire machinery and other vital equipment without making an outright purchase.

The term “Equipment Finance Solution” encompasses various financial products designed to help businesses lease equipment. From operating leases to finance leases, choosing the right product depends on your specific needs and financial health.

Car Leasing

This is especially beneficial for businesses that require a fleet of vehicles but do not want the responsibility of maintenance and depreciation.

Plane Leasing

Plane leasing is generally favored by larger corporations or industries related to tourism and logistics. Considering the enormous costs associated with purchasing an aircraft, leasing is often a more viable option.

Factory Leasing

Leasing a factory could be a great short-term solution for startups, smaller businesses, or any company undergoing transitional phases.

Pros and Cons of Business Leasing Solutions


– Lower upfront costs make it easier to maintain cash flow.

– Flexibility to upgrade or switch equipment depending on evolving business needs.

– Tax benefits, as leasing expenses are often fully deductible.


– Overall, you may end up paying more over the lifespan of the asset.

– Lack of ownership might result in less control over the asset.

Understanding the fine print of your leasing contract is critical. This involves the terms of the lease, any exit clauses, and what constitutes a breach of contract.

Financial Parameters to Keep in Mind

Financial metrics like interest rates, amortization schedules, and early termination fees can affect the cost-efficiency of your leasing decision.

Commercial Equipment Finance Companies: Top Picks

1. GE Capital

2. CIT Group

3. Wells Fargo Equipment Finance

4. U.S. Bank Equipment Finance

5. PNC Equipment Finance

Equipment Finance Solutions: What to Look For

1. Interest Rates: Shop around to find the most favorable rates.

2. Lease Duration: Consider how long you’ll need the asset.

3. Exit Clauses: Understand your options for terminating the lease early.

Case Studies on Successful Leasing

1. Amazon Web Services: Initially relied heavily on leased servers.

2. Southwest Airlines: Utilized plane leasing to minimize operational costs.

3. Tesla: Offers leasing options for their electric vehicles, making them more accessible.

Market Information and Leading Companies in the Sector

– GE Capital

– CIT Group

– Wells Fargo

More Information on Market

With the rise of the sharing economy and advancements in technology, we’re likely to see more hybrid and flexible leasing models in the future.

Expert Tips for Business Leasing

1. Always consult financial advisors before entering a lease agreement.

2. Consider seasonal fluctuations in your business while planning the lease term.

3. Look for companies that offer scalable solutions.

How to Get Started with Business Leasing

1. Conduct in-depth market research to identify your needs.

2. Get in touch with financial advisors and legal experts.

3. Compare different providers and negotiate the best terms for your business.

And there you have it—a thorough guide to navigating the world of business leasing solutions. Remember, every business is unique, so tailor your leasing strategy to suit your specific needs and objectives.

Navigating the Credit Card Landscape: A Comprehensive Guide for Businesses and Startups

In the digital age where transactions are increasingly going cashless, credit cards have become more than just a payment method; they are strategic tools to advance business goals. From managing cash flow to building credit history, the right card can offer a plethora of advantages. This comprehensive guide will walk you through various credit card options, each offering its unique set of benefits, suited for businesses ranging from startups to established corporations.

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The Importance of Credit Cards in Business

Why Businesses Need Credit Cards

1. Working Capital; Immediate access to funds can be a life-saver for businesses, especially when unexpected expenses crop up.

2. Rewards and Perks: Many cards offer cashback, reward points, and other incentives that can be reinvested into the business.

3. Building Credit History: Consistent and responsible card usage can help build a strong credit history, which is essential for future financial endeavors.

Suze Orman, a renowned personal finance expert, summed it up nicely when she said, “A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.” Credit cards can certainly help businesses in planning for these “what-ifs” by offering a financial safety net.

The Contenders

Wells Fargo: A Storied Institution for All Your Needs

Wells Fargo Autograph Card

The [Wells Fargo Autograph Card](https://www.wellsfargo.com/credit-cards/) is a premium option tailored for businesses that require higher spending limits and more perks. This card offers extensive rewards programs and added benefits such as travel insurance.

Wells Fargo Active Cash Card

For businesses that prefer a simpler card, the [Wells Fargo Active Cash Card](https://www.wellsfargo.com/credit-cards/active-cash/) is ideal. This card comes with no annual fee and offers a straightforward cashback program on all purchases.

Companies to Serve: Businesses in the financial services, consultancy, and retail sectors may find these cards advantageous.

REI Mastercard: For the Adventurous Business

The REI Mastercard is targeted at companies operating in the travel and outdoor industries. It offers cashback on outdoor gear and experiences, making it a perfect match for businesses in these sectors.

Companies to Serve: Travel agencies, adventure companies, and outdoor retailers should consider this card.

Business-Specific Cards: Tailored Solutions

Capital One Spark Business

The Capital One Spark Business line of cards offer various rewards and benefits designed specifically for businesses. 

Citi Business Cards

Citi Business offers a suite of cards featuring different reward structures and additional perks like free employee cards.

Brex Corporate Card

The Brex Corporate Card offers customized credit limits and doesn’t require a personal credit check, making it an excellent choice for startups.

Companies to Serve: These cards are perfect for any business type, from tech startups to mature retail companies.

Ancillary Services

Credit Card Processing Companies

For most businesses, it’s crucial to have the ability to process credit card transactions. Consider platforms like [Square](https://squareup.com/us/en), [Stripe](https://stripe.com/), and [PayPal](https://www.paypal.com/us/business) for your card processing needs.

Balance Transfers: A Strategic Move

Credit cards like the Wells Fargo Active Cash Card and Citi Business Cards offer balance transfer options with low or zero interest rates. Transferring existing balances to these cards can lead to substantial savings.

It’s important to stay abreast of market trends to make the most informed decision. According to Statista, the number of credit card transactions is expected to reach 405 billion by 2023, making it more crucial than ever for businesses to pick the right card.

The Ultimate Guide to Internships: Where to Find Them and How to Hire

Internships are a win-win situation for both companies and aspiring professionals. They offer real-world experience to interns and fresh perspectives to employers. But where do you find the right match? In this guide, we’ll explore various platforms to hire interns, how to craft compelling internship job posts, and where individuals can find the best internship opportunities.

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The Importance of Internships

Internships have been around for decades, serving as a bridge between academic learning and professional experience. As Benjamin Franklin once said, “Tell me and I forget, teach me and I may remember, involve me and I learn.” Internships do just that—they involve you in real-world scenarios, helping you learn and grow.

Platforms to Hire Interns

– LinkedIn: A professional network where you can post job listings and search for candidates with specific skills.

Internshala: Focused solely on internships, offering a wide range of categories.

Handshake: Connects employers with college students from across the U.S.

Crafting the Perfect Internship Job Post

A well-crafted job post can attract the right candidates. Here are some tips:

  • – Be Clear: Specify the role, responsibilities, and duration.
  • – Show Value: Explain what the intern will learn and how they will contribute.

Platforms to Find Internships

  • Indeed: Offers a variety of internships across multiple industries.
  • Glassdoor: Provides insights into company culture along with job listings.
  • WayUp: Tailored for students and recent grads, offering internships and entry-level jobs.

Expert Advice

“An internship is a great way to kickstart your career. But remember, it’s not just about adding a line to your resume; it’s about gaining valuable skills,” says Sheryl Sandberg, COO of Facebook.

Finding or offering an internship doesn’t have to be a daunting task. With the right resources and a well-crafted job post, you can find the perfect match. So go ahead, take that step towards a brighter professional future.

What is a Freelancer?

In this article we will look to what is a freelancer, advantages and disadvanages of freelance job, how to find a freelance job, tips for finding a freelance job.

The word “freelance” means “free work”. Freelance work means working independently from an employer, without an office environment and fixed working hours. In freelance work, the person is free to determine their own work schedule, and they deliver their work on time by making their own plan.

what is freelancer
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what is freelancer

What Can You Do as a Freelancer?

Many people are moving away from the office structure of going to work in the morning and coming back in the evening and becoming a service and external job provider. Let’s examine which professions are suitable for this.

  • Online Training / Consulting: You can achieve your freelance work dream by being an online instructor on many platforms. With the pandemic, the online education sector has gained an incredible momentum.
  • Graphic Design: Graphic design is one of the professions that can be done both in the office and independently. You need to be able to use some graphic programs such as Illustrator, Photoshop, and Corel Draw well to do this profession.
  • Software Development: Software development is one of the essential professions of the digital world. You need to be proficient in programming languages such as Python, Java, and C++ in order to do software development. Thus, you can do this profession freelance.
  • Content Writing: Advertising, magazine, and content writing has become a profession that is often needed today. As brands move rapidly to the digital world, the need for digital content creators is also increasing. Due to the need for quality content writers, a new profession has been added to the freelance professions, namely digital content writing.
  • Translation: There is always a need for foreign language. However, professional competence is important in some areas. You can provide the desired translations within the specified period by doing freelance translation. Especially if you know more than one foreign language, the number of jobs you get may increase accordingly.
  • Social Media Expertise: Social media expertise has become one of the professions that are often needed in recent years. You can also generate income by doing freelance work, as well as managing corporate social media in the office as an employee of a company. Being able to use programs such as Photoshop is required for this profession in order to attract the attention of users with visual content.
  • Accounting: Accounting is an area that every company needs. Thanks to the development of digital programs, accounting experts can now continue their work as freelance. While providing accounting services to different companies remotely, you can only provide face-to-face meetings when necessary.
  • Psychology Services: Being able to provide online psychologist services.

What are the advantages and disadvantages of freelance work?

What Are the Advantages of Freelance Work?

  • Flexible work hours: Freelance workers have the freedom to determine their own working hours. They can work earlier or later in the day, or take breaks throughout the day.
  • No office commute: Freelance workers don’t have to commute to an office, which saves them time and money.
  • More flexibility: Freelance workers can work from anywhere in the world, which gives them the freedom to travel or work from home.
  • More control over their work: Freelance workers have more control over their work, including what they work on, how they work, and who they work with.
  • Potential to earn more money: Freelance workers can earn more money than they would in a traditional job, especially if they are skilled in a high-demand field.

What Are the Disadvantages of Freelance Work?

  • Uncertainty: Freelance work can be uncertain, as there is no guarantee of a steady income.
  • Lack of benefits: Freelance workers may not be eligible for benefits such as health insurance or retirement plans.
  • Self-discipline: Freelance workers need to be self-disciplined to manage their time and work effectively.
  • Isolation: Freelance workers can feel isolated from others, as they may not be working in a traditional office setting.

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How to Find a Freelance Job

Freelance work is becoming increasingly popular in today’s world. Freelance workers can work without being tied to an employer, setting their own working hours and work environments.

Finding a freelance job may seem difficult at first. However, you can find the job you want by following the right steps.

Here are some tips for finding a freelance job:

  1. Identify your skills

The first thing you need to do to work freelance is to determine what you can do and what skills you have. Are you a good writer, an expert in web design, or good at digital marketing? Identify your skills and develop them in these areas.

  1. Research the market

Freelancers can find their jobs from various platforms or by connecting directly with employers. Research different freelance platforms and learn what kind of jobs are available.

  1. Create your profile

To work freelance, you need to create a profile that presents yourself well. Create a portfolio by adding your skills, experience, and previous work to your profile. Your portfolio is the best way for employers to get to know you.

  1. Get projects

To start getting projects while working freelance, you can use freelance job search sites or contact employers directly. Employers often ask for references about the work you have done before. Therefore, keep your previous work and your customers’ references.

  1. Complete projects

While completing projects, keep in constant communication with employers and deliver your work on time. When you complete your work to the satisfaction of the employer, they will leave you a positive feedback. Positive feedback can lead to new jobs and references.

  1. Set your pricing

Consider the quality of the work you do, the project duration, your level of experience, and the market when setting your pricing. Your pricing is an important factor for employers.

  1. Build customer relationships

It is very important to build good relationships with your customers while working freelance. Try to understand your customers’ expectations, and do quality work on time. Good customer relationships can lead to new jobs and references.

By following these tips, you can find the freelance job you want..

Social Media Policy for Hiring

The importance of social media policy in recruitment is growing day by day. The rapid advancement of technology and the penetration of social media into all areas of our lives require the effective use of social media in recruitment as well. However, the use of social media in recruitment also carries some risks. For this reason, the determination and adherence to social media policy in recruitment is of great importance.

Social Media Policy for Hiring
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Social Media Policy for Hiring

According to an article on Monster.com, a social media policy defines how candidates’ social media profiles will be reviewed in recruitment and how this information will be incorporated into the decision-making process. This policy defines what the employer is looking for and not looking for when reviewing social media profiles. Information obtained from a candidate’s social media profile can put an employer at risk of legal problems. Therefore, employers need to be careful about learning protected class information about a candidate.

For example, a candidate’s social media presence may provide information about a disability. If the candidate is not hired and then alleges discrimination on the basis of this disability, the employer’s best defense is that they did not know about the candidate’s protected status at the time of the decision. However, if you learn this information on social media, this defense is lost.

Your social media policy should also specify the types of information that can help you make hiring decisions. Items such as negative posts about past employers, materials related to drug abuse or criminal activity, posts that demonstrate a lack of judgment or ethics, inconsistencies between social media posts and other information provided by applicants, and information that demonstrates the desired qualifications (e.g., honesty and professionalism) can be considered in the hiring process.

After you have defined your social media policy, it is important to develop a strong process to support this policy. This may include determining which social media channels to check for valid information and which ones not to check. For example, some social media sites contain work history or project portfolios (LinkedIn serves as an online resume and reference network), while others are more geared towards sharing photos of friends and family.

If you have enough staff, you may want to consider adding an independent review layer to strengthen your candidate review process. This could be a person who is not otherwise involved in the hiring decision, who can review social media profiles for items defined in the policy and provide written feedback to the decision-maker. This could be part of the general reference check process.

This report could include issues such as red flags about behavior or lack of information supporting the resume. For example, social media information that directly contradicts the candidate’s resume could be a major red flag (however, context is everything, so you’ll want to do more research before drawing any conclusions). It should definitely not contain any information about protected statuses.

Keep What You Learn in Context

Speaking of the importance of context, not everything you can learn through online profiles is necessarily relevant to a person’s suitability for a job opening, but it could be. This is why it is so important to keep what you find in the right context when you are implementing your social media hiring policy.

For example, you may be hiring someone for an important role that requires international travel and the ability to interact with people from various cultures. If a candidate’s social media profile shows a genuine interest and respect for other cultures, this information could encourage you to move their application to the next step. However, derogatory comments about a certain ethnic group or nationality are likely to be a red flag.

By digging a little deeper, you want to make sure that the comments or posts attributed to a specific candidate are actually reflecting their views. This can put you in some complex situations, but be sure not to unfairly eliminate someone based on what you see.

In particular, information shared by people other than the candidate may not be the best indicator of what the candidate is like. For example, something that could be considered a red flag may not be coming from the candidate; it could have been posted by someone else or they could have been tagged by someone they don’t know.

Use Social Media for Your Hiring Needs the Right Way

As you can see, creating a social media policy for hiring purposes allows you to use this powerful tool without crossing into dangerous legal territory.

Sheryl Sandberg, COO of Facebook, who is a well-known figure on this topic, says the following about the role of social media in hiring: “Social media has revolutionized hiring. We now evaluate candidates not only by their resumes, but also by their online identities. However, this means that employers need to respect candidates’ privacy rights.”

Clues for making best HR policies

Human resources (HR) policies govern all processes related to hiring, managing, and staffing in a company. A good HR policy specifies how employees are hired, trained, evaluated, and terminated in certain situations. However, creating and implementing a perfect HR policy is complex. Therefore, here are some tips with examples from HR policies of successful companies around the world:

Clues for making best HR policies
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Clues for making best HR policies

Google: Encouraging Employees’ Skills and Creativity

Google is a giant in the technology industry and is also considered one of the companies with the best HR policies in the world. In developing its HR policy, Google implements the “20% Rule” to encourage employee creativity and innovation. This rule allows Google employees to spend 20% of their time working on personal projects. This policy has both increased employee motivation and helped the company to develop popular products such as Gmail and AdSense.

Microsoft: Continuous Learning and Development

Microsoft adopts an HR policy that encourages continuous learning and personal development. It offers employees a variety of training opportunities and career development programs. This policy helps employees to maximize their skills and helps the company to stay competitive in the rapidly changing technology world.

Netflix: Transparency and Accountability

Netflix’s HR policy emphasizes transparency and accountability. Netflix offers employees unlimited vacation time, but it expects this privilege to be used in conjunction with meeting the requirements of the job. Netflix also creates a performance-based work environment and gives employees the flexibility they need to do their best work.

Unilever: Diversity and Inclusion

Unilever is a leader in diversity and inclusion around the world. It encourages diversity among different cultures, genders, ages, and abilities, and this diversity helps the company to succeed in the global market. Unilever’s HR policy emphasizes that all employees have equal opportunities and that everyone is valued.

There are many lessons to be learned from the HR policies of large companies. Making employees feel valued, encouraging their skills and creativity, providing opportunities for continuous learning and development, emphasizing transparency and accountability, and encouraging diversity and inclusion are all key elements in creating a solid HR policy that will improve the success of any company.

What is Virtual POS? How to Get it

What is Virtual POS? How to Get it

In today’s world, as technology advances rapidly, payment transactions are also becoming increasingly digital and easier. In this context, virtual POS systems have played an important role. Virtual POS is a secure system that allows businesses to accept credit and debit card payments online. Developed as an alternative to traditional physical POS devices, this system is widely preferred in online stores, e-commerce platforms, and other online payment areas.

What is Virtual POS
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What is Virtual POS

What is Virtual POS?

Virtual POS, as the name suggests, is a payment system that can work with only an internet connection without requiring a physical device. Thanks to this system, businesses can easily accept payments made by their customers with credit cards or debit cards. Customer information is protected from any security threat at a high level by using secure protocols during the payment process.

How does Virtual POS work?

The virtual POS system works in a very sophisticated way. When a customer buys a product or service, they are redirected to the payment page. On this page, the customer enters their credit card or debit card information. This information is encrypted using the SSL (Secure Sockets Layer) protocol and securely transmitted to the bank or payment provider. The bank or payment provider checks the customer’s account balance and gives approval for whether the payment is valid. If the payment is valid, the payment is transferred to the business’s account and the customer is sent confirmation that the payment has been made.

Benefits of Virtual POS

The virtual POS system has a number of advantages:

  • 24/7 Payment Collection: Businesses can collect payments from their customers at any time of the day thanks to the virtual POS system. It offers the opportunity to collect payments continuously online without being connected to a physical device.
  • No need for a physical device: Unlike traditional POS devices, the virtual POS system does not require a physical device. You can only process transactions with an internet connection.
  • Various payment options: With virtual POS, you can offer different payment options such as credit card and debit card to your customers.
  • High security: It provides high security as customer information is protected by secure protocols.
  • Quick payment collection: Payments are usually transferred to the business’s account within 1-3 business days, thus accelerating cash flow.
  • Easy reporting: Virtual POS systems usually offer businesses detailed reporting capabilities. You can easily track and analyze sales data.

How to Get Virtual POS?

To have a virtual POS system, you need to contact a bank. Banks can offer different tariffs and can provide a solution that meets the needs of your business. Generally, there are some criteria, such as the business owner having a bank account and being a taxpayer.

The virtual POS system offers a secure, fast, and user-friendly payment solution for online businesses. By eliminating the costs and limitations required by physical POS devices, it opens up a wider payment area for businesses. Customer data is also protected by security measures, increasing the satisfaction of both businesses and customers. For this reason, the use of the virtual POS system is a missed opportunity for online business owners.

Organizations Providing Virtual POS Services

  • ipara
  • PayTR
  • Param
  • İyzico
  • Paynet
  • Fastpay
  • Paycell
  • Aköde
  • İninial

Frequently Asked Questions about Virtual POS

How is Virtual POS payment made?

After the customer enters their card information on the payment screen and approves the contract terms, they give permission to pay. In payments made with the 3D Secure system, an approval code is sent to the customer and the customer gives the necessary payment approval with this code. Thus, the balance deducted from the customer account reaches the recipient account.

How much is the Virtual POS fee?

Banks’ Virtual POS Commission Rates When we look at the fees of banks’ Virtual POS, you can encounter commission rates starting from 2% for single payment and increasing according to installment options. The annual subscription fee varies between 600 TL and 20,000 TL. It is useful to negotiate with a few different places and agree with the place that offers you the best commission rates according to your transaction volume.

When will my Virtual POS collection be transferred to my account?

For example, in iyzico, the process is as follows: “All payments you receive through iyzico between Monday-Sunday are settled at 23:59 on Sunday. After the settlement date and the following 2-day block, all your payments are transferred to your bank account on the first Wednesday.” You can even have a chance to transfer to your account the next day according to your transaction volume with banks. Strong bargaining will be good for you.

9 Steps to Building a Successful Start-up Team in the Establishment Phase

In this article, we will discuss 9 steps that will help you create a successful startup in the establishment phase.

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startup team

Define your goal: The first step to creating a successful start-up is to define your goal. You need to determine what field you want to operate in and what kind of solution you want to offer.

Determine the qualities you are looking for: You need to determine the priority qualities of a successful team. These often include strategic thinking, leadership, teamwork, technical skills, and motivation.

Check the references of the candidates: Checking the references of the candidates can help you evaluate their previous experience and performance.

Evaluate the internal dynamics of the team: It is important how the candidates can work with each other and how the internal dynamics of the team will be.

Make job descriptions clear: Making the role and responsibilities of each member clear can improve the performance and success of the team.

Be open to brainstorming: Members of a successful team should be able to brainstorm and respect each other’s opinions.

Education and development: Every member being open to continuous education and development can improve the success and efficiency of the team.

Communication and teamwork: Good communication and teamwork can improve the success and efficiency of the team.

Continuous evaluation: Continuously evaluate the performance and success of the team and make improvements as needed.

These 9 steps will help you on your way to building a successful start-up team. In addition, there are many factors that affect the success of a team, and these steps are just a starting point.

To ensure the success of a team, members need to respect each other, focus on teamwork, and be open to continuous improvement. It is also important that there is good communication between the members of the team and that the role and responsibilities of each member are clear.

The process of building a start-up team requires evaluating many factors and making many decisions. However, if you take the right steps, you will be more likely to build a successful team.

When building your team, focus on your goal and aim to build the best possible team. A successful team is a fundamental element for the success of your start-up and will help you achieve your long-term success.














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