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Increase Your Profits Using These 6 Inventory Management Tips

Increase Your Profits Using These 6 Inventory Management Tips

Thinking of ways to save money and increase your business profits can be draining. When it comes to a more complex business with an e-commerce site, multiple store locations and the inventory to stock them all, cutting corners is easier said than done. We’ve compiled six inventory management tips that will cut costs and up your revenue, no matter your business size. Eliminate Providers and Integrate What You Need Whether you manage a small shop or a large corporation with various warehouses, it’s likely that you have multiple providers to fulfill your business’s many needs. Of course,…

Why You Should Avoid Annual Billing

Why You Should Avoid Annual Billing

If your business deals with recurring payments for prescriptions, memberships and subscriptions, you may be tempted to practice annual billing. This is when you charge your customer up front for a year’s worth of services or goods. It’s easy to be persuaded by the apparent benefits. For one, by charging your customer up front, you get paid faster. For another, the process of collecting payment once can be more efficient, especially if you have no automated way to collect on recurring payments. The monthly process of printing, mailing and waiting on invoices to be paid — and then chasing…

Why Integrate a Payment API?

Why Integrate a Payment API?

An API, or application program interface, is the set of protocols and tools that let different types of software interface with each other. Developers use APIs to avoid reinventing the wheel every time they want to offer a new feature. Facebook’s API allows users to log onto other sites using their Facebook login credentials, for example. Mailchimp offers a popular API for email list management. And as you may have guessed, PayJunction also offers an API for payment processing. In this guide, we’ll cover how a payment API helps businesses, and what features product managers and independent software…

Experiencing TLS Issues? Here's Why

Experiencing TLS Issues? Here's Why

Right now, if you’re using the Secure Sockets Layer (SSL) or Transport Layer Security (TLS) 1.0 protocols, you’re at risk for a data breach. A number of vulnerabilities have been found in this early encryption protocol, causing the card brands to require a security upgrade in order for businesses to meet the Payment Card Industry Data Security Standards (PCI DSS) moving forward. But first, what exactly is TLS? It’s a cryptographic protocol that helps establish secure communication between two systems. It authenticates the systems and protects the confidentiality of the information passing between them. This update…

Why Investing in Customer Service and Support Is a Must

Why Investing in Customer Service and Support Is a Must

It’s no secret that business — in any industry — is extremely competitive. Winning over customers is a constant battle, and businesses are willing to invest a pretty penny if it means driving both consumer and customer attention away from their competitors. But skimping on the quality of your customer support could cost you, no matter how much money you dump into marketing your products or services. According to a study by NewVoiceMedia, U.S. businesses with poor customer service and support lose approximately $41 billion annually. Your customers expect you to help them whenever they need. But if you’re…