Even as restaurants agree on the importance of being accessible via digital channels, many independent eateries continue to abstain from social media platforms, PYMNTS Intelligence reveals. By the Numbers The report “Main Street Health Q4 2023: eCommerce Protects Main Street SMBs’ Bottom Line in a...
A group of Republican lawmakers wants the government to delay new small business reporting requirements. Starting Jan. 1, many businesses will be required to provide the government with beneficial ownership information, or “identifying information about the individuals who directly or indirectly own or control a...
The COVID-19 pandemic accelerated the shift to an eCommerce economy, resulting in historically high sales in 2020 and 2021. Almost all small- to medium-sized businesses (SMBs) on Main Street see eCommerce as crucial for the sustainability and viability of their presence in the marketplace. More...
Xero, a global small business platform, has partnered with Flinks, an open banking firm, to enhance banking data access for small businesses. This collaboration aims to provide small businesses in Canada and the United States with secure access to more than 20 direct bank connections and...
A lot can change in a year, particularly for the small- to medium-sized business (SMB) segment. And while change can be a constant, constant change is not always a good thing — particularly when liquidity is tight, customer spending is low, and SMBs looking for...
Working capital is the lifeblood of businesses of all sizes, and to those companies just starting, access to financing can mean the difference between stagnation or being able to grow. The lack of financing sources limits companies’ ability to undertake expansion plans and sometimes makes...
Main Street small business owners anticipate limited wiggle room to boost prices, and they’re prepared to tap credit to help grapple with operating costs. As disclosed by the National Federation for Independent Businesses Tuesday (Dec. 12), the Small Business Optimism Index was down in November...
Small- to medium-sized businesses (SMBs) facing limited access to funding are turning to external sources to finance their operations. However, access to credit remains a challenge, leaving them vulnerable in times of financial difficulties. This is particularly true among Main Street businesses, where nearly 34%...
Most small- to medium-sized businesses (SMBs) across industries use some kind of payment processor. The most common providers are PayPal, Square and Shopify, which are chosen mainly for their ease of use or low processing fees. However, more companies are requiring their payment processors to...