Quick Overview About Loan Secured on Credit Card Sales

Are you looking for financing options for your new or existing business? Or, are you existing business, and want to invest more money into your trade? If you answered any of these questions with a yes, then chances are you might have looked for several financing options such as business cash advances, bank loan, and others. But have you ever thought about getting a loan secured on credit card sales?

This is a wonderful financing option for the businesses that want instant money, but do not want to get into the trouble of arranging so much documentation and collateral proofs.

In 2017, it was seen that nearly 16% of individuals relied on credit cards for starting their new business. What’s more, the percentage was even higher (37) in the case of millennial businessmen. These wonderful statistics are a proof in itself that loan secured on credit card sales can be used as the best resort to meet your financial needs and that too without being into too much of documentation related hassle.

Getting loan secured on credit card sales is a pretty easy process, and to top it off, it requires no personal guarantees or collateral. Anyone who has a business credit card can use the money for investing in their business, without having to ask for references from other businessmen in the area. The funding process of such an option is also very fast and can be completed just within a few days. Some companies such as CNG Business Services help you get a loan secured on credit card sales approved within just 24 hours!

Another benefit of getting a loan secured on credit card sales is that once you pay back the loaned amount, you have the liberty to take a new loan all over again, without any further formalities. Just get the money as you did before, and you are good to go. However, this is not the case in case of a bank loan or business cash advance. In those, once you have paid back the loaned amount, you need to reapply for a new loan by following the initial formalities all over again. And, trust me! That can be really chaotic and time-consuming sometimes.

As you can see, a loan secured on credit card sales is a boon for individuals who aim for hassle-free financing options. Avail this benefit by approaching CNG Business Services today!

Install E Top-Up Service In Order To Maximize Your Profits

E Top-Up service is pretty much in trend due to a variety of reasons. Most of the retailers have E Top-Up machines installed in their stores because having one such service gives them not only an increased number of customers but greater business profits as well. Different ways in which E Top-Up machines can be used to make profits have been listed below:

1. Utility Bills – Every UK home has to pay utility bills from time to time in order to enjoy continued services. Hence, if you make it easier for homeowners to pay their utility bills on an E Top-Up machine, there are improved chances for you to get more customers at your store. Customers will come to your store in order to make payments for their utility bills because they will be doing so hassle-free, and in return, you can get extra income (in the form of a commission that you get over every bill payment).

2. Mobile Top-ups – Most of the mobile phone users still have prepaid connections. These connections are the ones in which they have to top-up their mobile number beforehand in order to avail calling, internet and texting facility for the duration specific to the top-up plan that they get. If you have E Top-Up kiosk at your store, you can help the customers top-up their cellphone in no time. They can simply provide you their card details, and you can use the same to make a payment and generate an e-voucher or do online top-up as per the choice of the customer.

3. The Health Lottery – Lastly, another fascinating way of using E Top-Up machine to increase your profit is by giving your customers the opportunity to buy lottery tickets for them. Although you will just be selling the tickets and the company actually holding the lottery will be paying for the draw, yet you will be making a profit from the marginal commission that you’ll be getting after every lottery ticket sale.

As you can see for yourself, installing just one E Top-Up machine in your store can help you in getting numerous benefits in terms of customers, profits, reputation etcetera. But, to avail such benefits, you need to make sure that you get the E Top-Up machine from a reputed seller such as CNG Business Services. They are the best service providers in the UK and assist you in getting fantastic deals from two of the most reliable companies in the UK: pay zone and pay. Approach CNB Business Services today and get an E Top-Up setup today to improve your income!

8 Benefits of Outsourcing Technical Support Solutions

Companies that sell technical products and services need to have dedicated Technical Support Solutions providing staff so as to assist the customers in getting the full benefit of their product. If the staff is irresponsive, the companies have to face huge loses in terms of customers and sales. If you have a company that involves providing Technical Support Solutions of any kind, it is always the best option to outsource such services to the third party company who specializes in providing such services. Top 8 advantages that can be availed by outsourcing Technical Support Solutions are as mentioned below:

1. More concentration on business – When you have an outside company looking after your technical support matters, you and your staff have more free time and energy to focus on other important aspects of your business. This improves your productivity and helps your business is growing at a faster pace.

2. Reduced cost – With an outsourcing company working for you, you need not to hire staff for providing technical support solutions from within your office. And, as there is no requirement of in-house staff, there isn’t any need for investing in infrastructure. Thus, you save a lot of money, which can else get wasted by hiring plenty of staff and equipment for doing the same task that the third-party company will be doing for you and that too at a much lesser cost.

3. Access to numerous skills – If your products are sold overseas as well, you need to have a technical support staff that is proficient in numerous languages. And, hiring staff with so many specifications can be a pricier investment. But, if you outsource Technical Support Solutions to another company that specializes in providing such services, they already have staff having awesome communication skills and that too in a variety of languages.

4. Assured customer satisfaction – Dedicated team for Technical Support Solutions aims at providing the best services to the customers, answering their queries, and solving their problems in the least time possible. Their main purpose is to assist each and every customer of yours because this is what they are hired for – to serve your customers and keep them happy.

5. Improvement in performance metrics – Also, it is the purpose of the outsourcing company to improve your performance indirectly. As they are working for you, from a different area, your customers are never aware of their whereabouts. For them, it is your staff and company that are assisting them in their queries. Hence, they get extremely happy and satisfied with your offerings and continue to be your customer for an even longer period of time.

6. Additional expertise - Technical Support Solutions providing companies have wide knowledge about this field. They know about the possible solutions for every kind of query that a customer can have. Alongside, they do have knowledge about cross-selling and up-selling as well. Resultantly, they do their best to improve your business outcomes for you.

7. No tension about seasonality – Within a company, the authorities have to cut-short and hire staff as per the needs. And trust me, it is really very difficult to find trained staff during times of need. But, hiring Technical Support Solutions means that they will handle all the seasonality related issues themselves. If they need to hire or fire the staff, it is entirely their headache, and you only get the results for which you have paid them.

8. Peace of mind – Lastly, when everything is going in order and your clients are satisfied from the attention paid to them, you can have peace of mind related to at least one aspect of your business. Moreover, you can enjoy improved sales by keeping your current clients engaged.

After reading all these benefits, are you feeling tempted to hire a Technical Support Solutions providing company? If yes, then CNG Business Services is the ultimate way out for you!

Top Benefits of Selling E Top-Up – To Service Providers

Over the years, the service providers have tried to bring in several beneficial prepaid plans for their customers, so that the latter can enjoy uninterrupted hours of calling and texting. As far as E Top-Up is concerned, these can be done in any of the following two ways:

• E-Vouchers – In this form of recharging, the e-PIN is generated, which is then provided to the customer via printing it on a piece of paper, or texting it to the customer’s number directly. Using this PIN, the client can then top up their cellphone number to enjoy calling and texting.
• Voucher Less E Top-Up – As the name says it all, in this form of top up, a voucher or PIN in not generated. In fact, the service provider just feeds in the number of the customer in their system or a mobile phone and top it up directly from the system.

In both forms of E Top-Ups, the customers do have a lot of benefits as they can keep these vouchers with them and whenever their plan expires or finishes, they can top it up using the printed PIN. However, interestingly, this service has tons of benefits for the service provider as well. Some of these include:

1. Increased Profit & Reduced Cost – When the top ups are done via computer system, there is no need to print them out and provide them to the customer. Hence, a lot of costs related to paper, printing, distribution, warehousing, transportation etc. are eliminated. The money, which is saved from such unwanted expenses, can be then used for other expenses related to your business.
2. Wider Market Reach – With ease of doing E Top-Up using a mobile phone, a service provider can serve the customers even in the remotest area, provided that they have cellular network coverage. By providing such ease, the service providers can not only increase their income manifolds, but expand their customer base as well.
3. Increases Income – By doing E Top-Up, the service providers can get back decent amount of commission from every top up that they do on any number. And, as the initial investment cost of this service is marginal, you can invest just a little amount of money initially and reap in continued benefits throughout the life.
4. Value Added Modules – Starting E Top-Up business is not just about doing top ups on customers’ contact numbers. In fact, it involves providing value added offers to the clients so as to facilitate them what they want. Resultantly, when a service provider delivers more than what the customers want, they can improve their market value as well.

So, wouldn’t you like to get all these benefits? If yes, then you need to start E Top-Up service. Begin it now and start getting the enormous amount of benefits that it has to offer.

6 Tips to Find a Reliable Credit Card Processing Provider

With advancements, there are tons of outlets where people like to shop. And, the most preferred payment method opted by both seller and consumer is Credit Card Processing. It is the mode of payment in which the retailer fills the amount in the machine and the customer is asked to either swipe, insert or tap the card on the machine to make the payment. Once the card is processed and accepted at the backend, the customer is prompted to enter the PIN. When the PIN is accepted, the payment is deducted from the customer’s account and transferred to the retailer’s account.

If you are a business owner and want to look for different Credit Card Processing options you have, then you surely will get confused after looking at so many options that are available for you to choose. So, for your assistance, we have listed some of the helpful tips that will let you choose the best Credit Card Processing provider as per your business needs. So, let’s have a look at the tips below:

1. Decide the machine as per the income you get from your business. If you are earning anything less than $3000 a per month, then you need Credit Card Processing machines that deduct a marginal amount of the transaction amount, irrespective of monthly amount. Hence, in totality your expenses stay low. But, if the income of your business is more than $3000, then you need to research about the companies that provide Credit Card Processing solutions with low monthly charges.
2. Apart from the type of machine, you also need to finalize how you plan to accept payments – via terminal or checkout counters. Either way, you will have to get in touch with the Credit Card Processing Company to know about the way they work and process the payments.
3. Never stick to just one service provider. Instead, get quotes from atleast 3 companies. Compare their prices, offerings and additional services. This will let you know about the different options you have, before finalizing the one that is best as per your business needs.
4. Research thoroughly about the pricing of the company from which you want to get the Credit Card Processing machine. The factors that need to be checked are the monthly fees, PCI compliance fee, chargeback fee, batch fee, Merchant’s location fee, and gateway fee. Read every page of the contract so that you are well aware about all the terms, conditions and hidden charges that may incur later on.
5. Get a monthly plan instead of getting a longer duration plan. Most of the companies do come with plans such as one to three year plans. And, they do have cancellation window of around 30 to 90 days. In case you terminate the plan before the contract ends, the company imposes lot of other charges on you as well. Hence, get aware about the contract terms and conditions thoroughly before you sign it.
6. Though you have an option to lease or rent the Credit Card Processing equipment, but advised is to buy it for yourself as the price is very affordable and comparatively cheaper than renting or leasing the same.

Credit Card Processing is a boon for businesses these days. So, if you don’t have it at your office at the moment, get one today to unfold lots of advantages that it has to offer.

Business Cash Advance – Is It Worth The Hype?

Individuals thinking about starting a new business are often seen debating between whether they should get a bank loan or Business Cash Advance. However, most of them are seen inclining towards the latter in most of the cases. If you are also planning to start a business in the near future and want financial assistance, then have a look at the enormous amount of benefits that Business Cash Advance can provide to you.

 

1. Banks rely on established businesses and grant them loans in no time. However, if you are new in the market, Business Cash Advance is a better option because companies that give business cash advance give it only to those companies, in which they see some potential. And, if you are able to convince them with your business plan, you can get advance in no time.
2. For bank loans, documentations that you need to take to the bank include stocks, bonds, personal assets, guarantees, equipment and real estate that you have. Based on that, the loan amount to be sanctioned is decided. If you do not have sufficient assets, banks will straightaway say No to you. On the contrary, you don’t need any collateral in case of Business Cash Advance.
3. In case of bank loan, you also need to invest a set amount of percentage into your business and the remaining is provided by the bank. However, in case of Business Cash Advance, you can get the entire amount sanctioned because the companies understand that starting a business requires a lot of money, and not everybody is able to make the investment at their own end. After all, why would someone take a loan if they have the money themselves?
4. Approval rate in case of bank loan application is also very low. However, in case of Business Cash Advance, the initial approval is obtained within 24 to 28 hours of application, and the amount gets transferred to your account within a week.
5. On top of all these, as you do not submit any collateral for getting Business Cash Advance, there are no chances of losing it to the bank. However, if you have a bank loan and you fail to repay the initial amount, your collateral is sold by the bank in order to get back the sanctioned amount of money.

So, what do you think? Which is better – bank loan or Business Cash Advance? Smart businessmen will always pick the second option!

Business Cash Advance UK Vs. Bank Loans – Which is Better?

Are you planning on starting a new business and want to know about the best way to get some extra financial assistance? If yes, then you have picked the perfect article to read. Here, we are going to discuss about the top difference between Business Cash Advance UK and bank loans. Hopefully, by the end of all the discussion and comparisons, you will be able to make the right choice for yourself.

1. Processing Times – In case of banks, the time consumed for the preliminary checking is way longer. Banks will make sure that they thoroughly check everything about your business. And, if it is a new one, they will hesitate to grant a loan unless they have an asset given to them as security. Surprisingly, they grant loans to established businesses very easily. However, in case of Business Cash Advance UK, the process is a bit different. They grant unsecured loans to the business, in which they see some scope or growth prospects. Also, the processing time for getting the final approval is merely 72 hours and the applicant can get the approved amount within as less as 14 days. You can’t ever imagine such speedier processing in case of bank loans!
2. Prerequisites – Applying for a bank loans requires you to have the documentation such as business plan, financial statements, repayment plan, and projections for business, personal guarantees, stocks/bonds, real estate, hard goods as equipment and other personal assets. On the contrary, applying for Business Cash Advance UK requires no such formalities.
3. Payment Plans – In case of bank loans, you are given a set date, on which you are supposed to pay the interest on the loaned amount. In case you fail to do so, you are obliged to pay the penalties. However, in case of business cash advance, you are not pressurized to make monthly payments. There are some companies such as CNG Business Services, which allow their customers to make the payment when they get paid. Moreover, there are no repayment penalties and monthly debit/standing orders.
4. Approval Rate – Approval rate of Business Cash Advance is nearly 70% whereas that of bank loans depends on how many assets you have and how progressive your business seems to the financial institutions.

So, what do you think? What will be the best option for your yet-to-be launched business? Business Cash Advance UK or Bank Loan? Choice is yours!