#Payment
Equifax data shows small business cash preservation is slowing payments to suppliers
Equifax’s Brad Walters reveals small business owners now carry mortgages 50% higher than average, as business financial pressure follows them home.
HR and payroll: what you can expect in 2021
HR and payroll trends that emerged during COVID-19 are set to strengthen during 2021.
Growing demand for digital wallets may signal demise of cash
The increasing preference for contactless payments during the COVID-19 pandemic might be here to stay. What payment trends are emerging? Mark Hodgson, Head of Product and Services at Samsung Electronics Australia, noted that there has been growing demand for cashless payment options. “Demand for digital wallet solutions and contactless payments have grown strongly this year […]
COVID-19 accelerates the shift to digital payments only
New research from MyState Bank reveals covid-19 has accelerated the transition to a ‘less cash’ society in Australia due to concerns about health risks. Research conducted by MyState Bank found that since the pandemic outbreak more than two-thirds (68%) of Australians are using less cash in favour of contactless technology and other digital payments methods. […]
How to manage cash flow, late payments and risk: Patrick Coghlan
Have you ever struggled with cash flow as a result of late payments to your small business? We know this is an ongoing issue for small business owners, and so in today’s podcast that’s really what we are focussed on. We are going through the top tips to achieve a healthy cash flow and healthy […]
6 ways to prevent the internet from collecting your information
How to protect your information.
3 tips for more efficient global payments
Three tips from global payment solutions specialists.
Small Business Ombudsman unveils register promoting best practice in B2B payments
Businesses are being encouraged to promote their commitment to good payment time practices by signing up to the National Payment Transparency Register, established this week by the Australia Small Business and Family Enterprise Ombudsman (ASBFEO). The Ombudsman, Kate Carnell, first called for a national register in her report into payment times and practices, published in […]
The Federal Government commits to paying small businesses ten days sooner by July 2019
The Federal Government will begin paying small business suppliers ten calendar days sooner to improve their cashflow, it has been announced. Under the Government’s revised ‘pay on time’ policy, Small Business Minister Michael McCormack said federal agencies and entities will be required to pay invoices for contracts worth up to $1 million within 20 calendar […]
Square launches new point-of-sale solution
Global payment tech company Square has launched a countertop device that enables customer-facing businesses across Australia to transform iPads into full-integrated point-of-sale systems. According to Australian Country Manager, Ben Pfisterer, the Square Stand for contactless and chip payments “replaces the need for clunky cash-drawers, piles of paper receipts and cluttered countertops”. “There is an overwhelming […]
Why cash is king for small businesses
The strange thing is you can have a full order book and see that your business is really taking off, but if you don’t have a firm grip on the cash flow situation you could struggle to stay afloat and achieve long-term success. It is important to understand why cash flow matters so much to […]
When small business suppliers are paid late, this “slows down cash flow for all”: MYOB
Companies that sign-up to the voluntary Australian Supplier Payment Code commit to not only paying small business suppliers within thirty days of receiving a correct invoice but also helping them implement technologies and practices to speed up invoicing. The code is an initiative of the Business Council of Australia (BCA), which believes that it will […]
Five mistakes SMBs make with their POS systems
A point of sale (POS) system can revolutionise the way in which a small to medium business operates. It can streamline the day-to-day activities, from stock ordering and inventory to speeding up the payment process for the consumer and delivering a better customer service to clients. As a management tool it is very versatile, and […]
The Chinese market ‘dances to the beat of its own drum’: how SME exporters can succeed
While China is Australia’s biggest export destination, it’s a notoriously tricky market to enter – even for multinationals. So, how do export-driven Australian SMEs form lasting connections with Chinese customers? Dynamic Business spoke to Joe McGuire, Global Head of Sales & Partnerships with Airwallex, a Melbourne fintech start-up specialising in cross-border payments. Dynamic Business: What […]
Flower sales for Valentine’s lag Mother’s Day
If proof was ever needed that Aussies are rookies in romance, an analysis of retail data by Square has revealed the typical consumer spends more on their mums for mother’s day than they spend on their Valentine. The global payment technology company found that not only do Aussies purchase 60% more flowers on Mother’s Day, the average national spend on […]
How to improve your cashflow within 60 days
Cashflow is the lifeblood of any business and more SMBs have been destroyed through cashflow issues than from any other cause. The last thing you need is to be stressing about whether you have enough cash to pay your own suppliers when you should be running your business. So, you’re not ready to hire an […]
Everything your ecommerce business needs to know about accepting foreign currency
Thanks to the rise of powerful and affordable ecommerce tools, Australian businesses can easily go global from day one. [Note: This article is the fifth in a multi-part series by Chris Dahl, providing guidance on setting up an ecommerce business. Read Part 1: Commerce Success Begins With Laying Solid Foundations, Part 2: Commerce partners: who’s right for you?, Part […]
Square launches contactless pay tech for SMBs
New contactless payment technology, which launches in Australia today, enables small businesses to quickly and securely accept tap-and-go cards, mobile wallets such as Apply Pay and Android Pay, and chip cards. Developed by global payments technology company Square, the contactless + chip card reader is available online at square.com.au for $59, with free shipping nationally. […]
Dos and don’ts for online-only businesses
These days our mobile phones are an extension of ourselves – we access them for almost everything. With so much time dedicated to the small screen in our hands, it makes sense for start-ups and entrepreneurs to consider launching online-only businesses. There are a number of benefits of being solely an e-commerce operation, particularly from […]
Understanding the risks of selling online
As with any online activity, running an ecommerce business can leave you exposed to a variety of risks. Before you launch your new venture, take some time to understand the risks of selling online, and how best to deal with them. [Note: This article is Part 4 in a seven-part series by Chris Dahl providing an […]
Ecommerce partners: who’s right for you?
Partnering with the right suppliers will give you a head start in running an efficient ecommerce business, potentially saving you thousands of dollars each year. [Editor’s note: This article is the second article in a seven-part series by Chris Dahl of Pin Payments, providing an essential guide to setting up an ecommerce business. Read part one: Ecommerce Success […]
Ecommerce success begins with laying solid foundations
It’s time: you’ve found the perfect opportunity, written your plan, and forecast your financials for the next year. You’re finally ready to get your ecommerce business up and running. But how? [Editor’s note: This is the first of a seven-part series by Chris Dahl of Pin Payments providing an essential guide to setting up an […]
ATO extends SuperStream compliance date for medium and large businesses
Medium and large-sized businesses now have more time to ensure they are SuperStream compliant after the ATO extended the June 30 due date.
South Australia Saturday penalty rates abolished
South Australia’s Saturday penalty rates will be abolished and Sunday rates cut in half as a result of a landmark agreement between the Shop Distributive and Allied Employees’ Association (SDA).