The iWallet’s Effects on Small Business and What It Means to You

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The iWallets Effects on Small Business and What
It Means to You
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• Its not a surprise that electronic wallets are
  starting to take a serious percentage of payment
  processing in the modern world. Wallets, like the
  iWallet, are becoming a common form of payment
  for customers everywhere, but what about the
  forgotten part of those ACH transactions? The
  customers are buying from someone, arent they?
  This brings us to the other end of many of those
  payments the small business.
• With a growing interest in mobile payments and
  mobile payment processing, small businesses are
  starting to realize that they too can take
  advantage of this new form of payment method to
  enhance their businesses and increase their
  income. But, does it benefit small business and
  what does a small business need to do to take
  advantage of mobile payment processors like the
  iWallet?

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• Although big business can take advantage of the
  iWallet, just as anyone else can, iWallet
  strongly encourages small business to take
  advantage of their payment platform. Why would
  iWallet care about small business? After all, big
  entities like Visa and MasterCard dont offer
  incentives to small businesses, nor do most
  banks. The reason why iWallet is going after this
  part of the market is to take advantage of an
  expanding part of business that is sometimes
  ignored by the giants. This new approach could
  actually spur a new movement in small business to
  support e-wallets. 
• So, why would a small business get this as a
  payment option and what is iWallet, anyway? Its
  a mobile payment processing application that
  allows you to pay for everything through your
  phone. The e-wallet is getting popular among the
  youngest generations, first. The truth is that
  many businesses want that eighteen to thirty-five
  year old demographic to come through their doors.
  Small businesses run things like record shops,
  comic book stores, cafes, and restaurants. Its
  businesses like these that attract the largest
  number of people from that demographic and its
  crucial for them to survive with this part of the
  population.

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• Not only that, but even a lot of sole
  proprietorships focus on this same, important
  group. There are people at sci-fi/fantasy
  conventions who sell art, swords, and various
  other personal creations to make a living. This
  is also true of farmers markets who sell food
  and crafts.
• Both forms of small business badly need to be
  able to supply a person with the method of
  payment they want. In todays business world with
  cellphones and smartphones now ubiquitous, it was
  inevitable that a new form of mobile payment
  would come about and that people would take
  advantage of that new mobile app the moment that
  it came out. As a result, everything from locally
  owned pizza places to the person selling sweaters
  at a farmers market are wisely adapting to the
  use of mobile payment processing. Its primarily
  the younger generations that are adapting to this
  new technology and there are more getting their
  first cellphone everyday. Theyre written more
  than one iWallet review, and the reviews are
  good.

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• The other reason for small businesses to adapt to
  this new market has been the lack of fees
  involved with the iWallet. Everyones familiar
  with fees. Whether a customer or a business,
  trying to get off the ground, youve been charged
  a fee more than a few times. The truth of the
  matter is that fees dont just get annoying, they
  can also get expensive, especially for small
  businesses. Credit cards and debit services
  charge a fee for the use of their payment method.
  For credit cards, especially, those fees can be
  pretty high, and the lower the transaction, the
  higher the fee. Many businesses have even taken
  placing a surcharge on the use of debit as a way
  of trying to make up for the heavy fees that they
  pay.

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• What does this mean for small business? It goes
  back to an old saying, not used as often today as
  it was forty years ago, but it is something along
  the lines of nickel-and-diming someone. The
  etymology of this saying is from 1964 and refers
  to small amounts of money. To nickel-and-dime
  someone to death means that youre going to
  bankrupt them with lots of little charges. The
  saying, when it comes to small business, is just
  as relevant now as it was then. Small businesses
  can have small margins of profit and a lot of
  expenses. When paying your staff becomes an
  issue, every cent counts.

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• The solution to small businesses being
  nickel-and-dimed to death is to eliminate many of
  those fees that are attached to daily
  transactions. In North America, small business
  does have the advantage of low tax rates, but
  when a percentage of all your daily transactions
  are effectively being taxed by credit card and
  debit companies, businesses can seize to exist in
  a relatively short period of time. The people
  behind iWallet know how difficult it can be to
  keep your head above water, and so they decided
  to eliminate those fees, allowing you to keep
  your money and increase your profit margin.
  iWallet allows a business to be transaction free
  up to a maximum of thirty million dollars per
  year.

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• As times continue on and more transaction
  companies grow to realize that gouging their
  customers isnt the best way of doing business,
  we might see a change in the amount and number of
  fees charged. For now, its companies like the
  iWallet that are setting the tone for the future
  of ACH transactions. (For those of you who dont
  know, ACH stands for Automated Clearing House.)
  The fascinating thing about the iWallet is that
  it doesnt function like most other apps and
  methods of payment do. Everyone knows how
  traditional ways of paying function today. If
  youre paying by debit or credit, youre either
  tapping your card or inserting your card into a
  machine. These methods are the norm and
  essentially involve a scanner reading a microchip
  on your card. The information stored on the chip
  and at your bank must match the pin number that
  you provide.

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• There are also apps now that will access data
  directly from your bank account, although these
  are mostly available in Europe right now. There
  is also, of course, the old cash and cheque
  method of payment, but theyre rapidly
  disappearing from common usage. 
• What differentiates the iWallet from other forms
  of payment is that it uses QR based processing.
  If you dont know what QR means, dont worry,
  most people dont either! QR codes refer to Quick
  Response codes. These are those strange
  square-shaped little boxes you see everywhere
  that people scan with their phones. Usually, they
  are there to help you identify certain items or
  specials available in a store.

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• The origin of this code was actually Japan and
  was used then in automobile factories! The great
  thing about QR codes is that it can store just
  over seven thousand characters in that little
  square of information, contrary to a bar code,
  which is really just a series of about twenty
  digits. Its this extraordinary little way of
  storing a large amount of information in these
  codes that makes the whole thing work. The way
  that the iWallet works for you is, where it is
  accepted, instead of swiping a card, you scan a
  QR code. The app does the rest, allowing you a
  quick confirmation of your purchase.

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• As you can see, this new form of payment is
  completely different from the traditional form of
  payments, like credits and debit cards. The
  traditional payment processing giants are also
  very arms-length entities. In other words,
  theyre glad youve signed on and that theyre
  getting your money, but other than that, the big
  processing entities do very little more to keep
  your business because they dont believe you have
  a choice. iWallet has taken a different approach
  to small business and have taken steps to show
  you that they do value you as a customer, and
  dont think of you as just a number on a billing
  statement. One such iWallet promo is that of
  their initiative to advertise new members of
  their payment system on Facebook and Instagram.
  This new form of free promotion is to acknowledge
  that everyone is in this together.

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• More than just neat technology or a new
  generation of consumers coming into the market,
  the iWallet is becoming a major new contender on
  the payment processing field because of one major
  advantage convenience. If one thing that has
  become true today, its that people want to pay
  for something as quickly as possible and go.
  Having a simple, one-click payment processing
  app, like the iWallet app, is whats making it an
  attractive alternative to other payment options
  in that it literally only takes seconds to do. 
• The other thing thats making this technology
  attractive is its mobility. If you have your
  phone with you, and everyone does now, then you
  can pay. You no longer need an actual wallet when
  your e-wallet is available all the time. These
  convenient features are what is growing interest
  in this form of payment method and that means
  that its in small business interests to adapt
  it, giving its increasing popularity.

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• In the end, when youre in small business, you
  know that you need every advantage you can get.
  When a major payment processor, like iWallet, can
  offer you a method of payment, without a
  processing fee, its certainly worth your time to
  look into and seriously consider it. After all,
  with free promotion and no fees for your first
  ten million dollars a year, saying no seems
  almost like looking a gift horse in the mouth,
  doesnt it?

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• iWallet App, review and promo -
  https//www.iwallet.com/
• Sign Up for Business Account - https//app.iwallet
  .com/users/sign_up
• Sign Up for Personal Account https//app.iwallet.c
  om/client/sign_up