Canadian Entrepreneurs Optimistic about 2017 Business Performance

For some Canadian entrepreneurs, a lot of economic uncertainty lies ahead. The ever-changing political landscape has many concerned. However, those that are openly embracing technology – specifically ecommerce – are optimistic about a promising business performance this year. According to Huffington Post Canada, the more small and mid-sized Canadian businesses took advantage of technology, the more optimistic they were about 2017. This optimism is driven by certain, key factors:

Multiple Markets

With advancements in technology and ecommerce, entrepreneurs are no longer restricted to one region or country. They can now reach multinational consumers. Canadian entrepreneurs that operate on eBay, for example, reach 19 markets on average. In addition, ninety-nine percent of them export. This is huge compared to traditional small businesses; on average, these businesses reach 2.5 countries and only 11.8 percent export.

Multiple Channels

With more and more consumers shopping online, ecommerce is no longer a trend. Consumers are choosing where and when they wish to buy. Thus, it’s necessary for businesses to take advantage of multiple-channel strategies. Canadian merchants that sell through online channels averaged 20 percent higher annual sales compared to merchants who didn’t. Moving into 2017, Canadian SMBs are optimistic about their ability to connect with their customers anytime, anywhere through multiple channels.

Online Marketplace

Merchant’s aren’t just excited about geographical and channel opportunities. Platforms play a huge role in enabling ecommerce and trade. The SMB Optimism Index discovered that seven out of ten retail SMBs were confident that selling through an online marketplace would allow them to be successful internationally. To be more specific, the Index shared that 86 percent of merchants that sell through online marketplaces expect their sales to grow. From the mighty Amazon to niche marketplace Etsy, the opportunities are endless.

Canadian Merchant Account

Without a merchant account, entrepreneurs are unable to accept and process ecommerce transactions. Depending on business type and industry, some merchants are categorized as “high risk”. This makes it near impossible to secure payment processing solutions with a traditional provider. More and more Canadian entrepreneurs are taking advantage of alternative provider’s services, like EMerchantBroker. Through them, business owners can quickly setup a Canadian high risk merchant account – in as little as 24 hours. All services – including business funding options and chargeback protection – are specifically tailored to meet their needs.

Even during a time of political change and uncertainty, Canadian merchants are optimistic about their business’ future growth. In following the strategies above, the merchants are poised to have a very successful year.…

PayPal and Its Alternatives for Online Business Transactions

PayPal and Apple have entered into a partnership to enable users to use PayPal as a payment method when paying for Apple’s services such as the App Store, Apple Music, and iTunes, and more.

The feature will be introduced in 12 markets, including the US and the UK. It will be integrated with several devices across Apple’s ecosystem such as the iPhone, iPod, Apple TV, and Apple Watch.

As the most popular online payment platform, PayPal is a preferred choice for handling transactions. It’s known for its secure, convenient and fast services. Thanks to PayPal, there is no need for bank transfers and checks. What is important, PayPal is free: you just need to have a valid PayPal account.

However, there are costs associated with using PayPal for payment processing. PayPal offers business and premier accounts. Both require a standard fee for online payments and invoicing, which makes up 2.9% plus 30 cents per transaction within the U.S.

PayPal’s premier account is designed for casual sellers, meaning those who don’t consider their site a steady source of income and plan on buying and selling. This type of account requires having a business account and downgrading to the premier account. As for the business account, you should operate under a company or a group name. Be aware that each account type requires additional fees for refunds and chargebacks.

PayPal also offers a partner service called Braintree that provides a similar checkout experience to Payments Pro. This is good for those whose customers prefer virtual cash and accounts like Apple Pay and Bitcoin.

Let’s see what alternatives to PayPal you can choose. Consider Google Wallet, Amazon Payments, TransferWise, Skrill, Payoneer, Stripe, and, of course, High Risk Providers. Reputable high risk payment processors like eMerchantBroker can be the best choice for merchants of any type and size.

EMB is voted the nation’s #1 high risk processor and a reliable alternative online lender that is among the best PayPal alternatives to consider. eMerchantBroker is rated A+ by the BBB and A by Card Payment Options and is named one of Inc. 500’s Fastest Growing Companies of 2016. EMB offers the lowest possible rates in the industry.

When considering PayPal, take the time to find out what PayPal alternatives exist and see which one best suits your needs. Choose a PayPal alternative that will help you grow your business and take it new heights.…