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GoDaddy Payments — Now available with Online Pay Links and Virtual Terminal

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Get up to 30%* off! Get going with GoDaddy!

Simple and secure

GoDaddy recently announced the launch of a new payment capability for our Websites + Marketing Ecommerce and Managed Word Press Woo Commerce customers, providing a secure payment processing capability for online stores with GoDaddy Payments.

And now we’re expanding GoDaddy Payments capabilities to enable small business owners to take online and remote payments with Pay Links and Virtual Terminal — all without the requirement of a website or an online store.

New payment capabilities with GoDaddy Payments

When you sign up for GoDaddy Payments, you now have two ways to accept all major debit and credit cards: Online Pay Links and Virtual Terminal, with a point-of-sale device for in-person payments coming soon.

Online Pay Links

With Online Pay Links, you can accept online payments in minutes, without needing a website.

This new feature will allow business owners to create a payment link in minutes and share it with their customers anywhere they do business — social media, text message, email and more. These links will direct customers to a secure checkout page to complete their payment.

While you don’t need a freestanding website to use Pay Links, you can customize it to fit your brand.

Pay Links allows you to add your product image, company brand and logo to your checkout page.

The pricing for this service is a standard fee of 2.9% + $0.30 per transaction. There are no setup fees or long-term contracts.

Virtual Terminal

With Virtual Terminal, take over-the-phone or remote payments quickly and securely using your computer, smartphone or tablet.

Business owners can open Virtual Terminal in a web browser and manually enter a customer’s payment information to process a payment, whether over the phone or remotely.

Virtual Terminal transactions are priced at a standard fee of 3.3% + $0.15 per transaction, with no setup fees or long-term contracts.

Fast and secure payments with GoDaddy Payments

From setup to completing a transaction, GoDaddy Payments is fast, easy and secure. Account creation is simple, verification takes minutes, and you can take payments right away.

Once you’ve completed a transaction, money is deposited into your bank account as soon as the next business day.

GoDaddy Payments uses advanced online encryption and maintains the strictest payment card industry (PCI) compliance standards, keeping you and your customers protected.

If you ever need help with GoDaddy Payments, you can reach our award-winning customer care team 24/7. Customer support agents are here to answer your questions, provide support and help you get paid quickly with GoDaddy Payments.

Ready to get started? Sign up for GoDaddy Payments and get paid quickly and securely.



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Finance & Accounting

Section 321 Probably isn’t Going Away Anytime Soon

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With the change of administration in the U.S. in 2021, many American domestic businesses—and some from throughout the world—watched to see if the U.S. imposed trade tariffs would be lifted on China. 

However, the tariffs remain in place which means that Section 321, a regulation that pertains to imports, is here to stay. On the bright side, this statute presents a money-saving opportunity for eCommerce business owners and a continued need for fulfillment companies in Canada and Mexico. 

What is Section 321?

The statute, Section 321, categorizes certain goods that can be cleared through customs without extra taxes or duties. This allows business owners to avoid additional shipping expenses that would usually force them to increase prices and/or gain very little profit.

Likewise, by invoking Section 321 on imports while employing the services of a Mexican or Canadian fulfillment company, businesses can also save time by improving the efficiency of their logistics strategy. 

What Has Prompted Frequent Use of Section 321?

China and the U.S. make up two of the largest economic powers in the world. In fact, as of 2019, trade between both countries equaled almost $559 billion in American dollars. This, in part, resulted from China’s induction into the World Trade Organization in 2001. Flash forward a little over a decade and half later, tariffs were imposed on Chinese goods to hold the economic power accountable for a rash of intellectual theft, unfair trade practices, and to leverage the playing field between the two nations.

While during the election of 2020, President Biden had disagreed with President Trump’s political or economic tactics in relation to dealing with China, he has not made any moves to lift the tariffs that were imposed by the previous administration. Rather, he has chosen to keep these measures in place that cover roughly $350 billion worth in goods imported from China. This decision stems from the first in-person meeting between President Biden and President Xi Jinping which did little to thaw the relationship between the two countries.

Thus, going with the bipartisan support of holding China accountable for its political missteps and for its unfair trade practices on the economic world stage, the tariffs remain in place for the time being. 

Why is Section 321 Here to Stay?

So, what does this mean for companies that have traded with China? 66% of goods that are exported from China to the U.S. carry a tariff at an average rate of 19%. According to the Peterson Institute for International Economics, that’s about 19% higher than before the trade war started. 

Since American importers bear the cost of those duties, prices on items like televisions, baseball hats, luggage, bikes, and sneakers have gone up. This means that consumers might have noticed a difference on the price tag compared to years ago or a higher shipping cost once they reach “cart” on an eCommerce site. 

Consequently, business owners have invoked Section 321 with the help of Canadian or Mexican fulfillment companies to cut the cost that’s triggered by these tariffs. 

How to Qualify for Section 321

While Section 321 enables businesses to avoid tariffs on some imported goods, you would have to make sure shipments do not exceed $800 in value. Additionally, you would have to remember that not all products fall under the eligibility of Section 321 coverage. These include:

  • Cosmetics
  • Dinnerware
  • Bio samples for lab analysis
  • Raw oysters

Plus, you would have your shipments to Canada or Mexico, where fulfillment companies will divide your goods into parcels that value $800 or less. They are then shipped to the U.S. but not all at the same time so as not to exceed the $800 limit. 

How to Apply Section 321 to Your Business Strategy?

Depending on where you’re located, you would partner with a fulfillment company in Canada or Mexico to come up with a plan of how to divide the shipment and schedule delivery. Furthermore, the fulfillment company would check the proper paperwork to ensure all necessary and correct information is given. With the shipments arriving in either of these two countries, you wouldn’t have to be concerned about the tariffs because the destination from China would be Canada or Mexico. Neither of these countries have to pay a tariff (or as high of a tariff). Plus, technically, your supplies are “arriving from” Canada or Mexico who have a trade agreement in place with the U.S. that doesn’t involve tariffs. So, this practice presents a mutually beneficial situation for your organization and the fulfillment company. 

Because Section 321 doesn’t appear to be going away anytime soon, you can ensure a timely delivery of your goods by securing the services of a Canadian or Mexican fulfillment company, depending on your location. These companies take care of the logistics and paperwork for you which saves time and money. They double check on the scheduling of the arrival of your imports to guarantee that they will meet the Section 321 criteria. All in all, this means that you won’t have to worry about paying the high tariffs, and your customers can count on reasonable prices and receiving their products on time.

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Personal Finance

Retiring Early: 4 Principles of the FIRE Movement

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There comes a time in your life when you feel that you are ready to quit working and enjoy the fruits of your labor with a well-earned retirement.

If you have an entrepreneurial streak or simply want to generate as much income as possible, as quickly as possible, you will probably be a regular visitor to sites like journeytobillions for inspiration.

It may be that one of those ideas leads you to unlock the money you need to be able to retire early. You might also want to consider the principles of the FIRE movement, which is an extreme saving and investment movement that is designed to achieve a goal of Financial Independence and to Retire Early.

Here is a look at the key principles behind the FIRE movement.

Live for tomorrow

If you truly want to retire as early as possible you are going to have to make short-term sacrifices and adjustments to the way you live in order to achieve that goal.

A key element of the FIRE movement revolves around your ability to be financially disciplined with your money.

This means living as frugally as you possibly can so that you put aside as much of your income into savings and investments as possible. The target figure is to save 70% of your income and avoid debt as much as possible, or at least pay off your mortgage as a matter of priority.

The magic number that makes early retirement a reality is to be able to accumulate a net worth that is a multiple of at least 25 times your current annual spending.

A typical person who aspires to the FIRE principles manages to put aside somewhere between 25% and 50% of their monthly income.

Put your money to work

Simply putting your money into a savings account won’t get you to the finishing line of early retirement and it will probably mean that your wealth doesn’t keep pace with inflation either.

You need to grow your savings by investing in the stock market and taking calculated risks with your capital.

A tracker fund that follows the performance of the stock market would be a typical investment strategy, but it always pays to get professional guidance if you want to try and get the best returns.

Home ownership

You are never truly free to retire until you have paid off the mortgage and own a property outright so that you don’t have to make regular monthly payments anymore.

A key FIRE principle is to clear the mortgage as early as possible, even if that involves directing some of your savings to overpay the mortgage to clear it quicker.

Boost your income

It goes without saying that the more money you can earn each year the quicker you will be able to build up the sort of financial wealth and independence that will allow you to retire early.

Look at potential additional income streams such as so-called side hustles, which are extra jobs you do alongside your regular work.

Taking on part-time work or maybe starting your own business that can be run while you keep your full-time job can all help you get where you want to be at a faster rate.

Looking at your current financial situation, could FIRE be your route to early retirement?

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Personal Finance

Why you should buy life and disability insurance at the same time

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Disability and life insurance protects your paycheck and lifestyle.

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

Table of Contents: Masthead Sticky

You work hard to provide a comfortable lifestyle for yourself and your family. But if an injury prevents you from working, will you be able to maintain your lifestyle?

"If you don't make it home and someone relies on your income to live, you need life insurance," Mark Williams, CEO of Brokers International, told Insider.

Life insurance paired with disability insurance helps manage the risk of disability, illness, or death.

Insurance supports your plans and the unexpected

What are your goals for your career, family, and other individuals you are responsible for – even if you don't have kids?

"At the end of day, life insurance is risk management" to deal with "premature death, loss of income due to illness, or disability," according to Silvia Tergas, a financial planner with Prudential.

Tergas recommends using a small percentage of your income toward disability insurance and life insurance to insure your No. 1 asset: the ability to generate income in future.

What is life insurance?

Life insurance is a contract between you and the life insurance company. You pay premiums (monthly or annually) for a payout that your living relatives will receive, known as the death benefit. Should you die, the insurance company pays the death benefit to your chosen beneficiary.

There are two main types of life insurance policies to choose from: permanent life and term life. There are different types of term life and permanent life insurance products.

Whether you choose permanent life insurance or term life insurance, you will need to go through the underwriting process. This process is how the insurance company determines your insurability – deciding how much of a risk you are and how much of a death benefit you qualify for.

Your life insurance needs change as you age, and you'll need to consider children, marriage, divorce, retirement, and caring for aging parents. The best life insurance policy for you depends on your budget as well as your financial goals.

To maximize the benefits of life insurance, it's wise to include a financial advisor, accountant, and estates attorney in your decision-making process to ensure you have proper coverage that adapts as your life changes.

Term life insurance Permanent life insurance
  • Ends after a specified time frame
  • Includes death benefit
  • More affordable
  • Never expires
  • Includes a death benefit
  • Cash value that can be used during your lifetime
  • More expensive than term life in the early years of the policy

What is disability insurance?

To figure out whether you need disability insurance, the question to consider is: If you become ill or injured, how will you earn income to pay your bills?

Disability insurance is like insurance for your paycheck if you are unable to work. Just like you have homeowners insurance for your home and car insurance for your car, you should have disability insurance to protect your income.

When you are injured or ill and unable to work, disability insurance provides you with a percentage of your salary. There are two types: short-term disability and long-term disability.

Although many people probably have short-term disability through their employer, long-term disability insurance is the one that most people need and do not have.

For most people considering disability insurance, the focus is on long-term disability and how to decide between an "any-occupation" policy versus an "own-occupation" policy. You can use online calculators to determine how much disability insurance you need.

Short-term disability Long-term disability
  • Lasts for 13-26 weeks
  • Replaces 40%-70% of your base income
  • Short waiting period ("elimination period") before receiving benefits
  • Plans vary, typically from five years to retirement age
  • Replaces 40%-60% of base income
  • For most carriers, 90 days is the typical waiting period, but it can be shorter

Data from Guardian Life Insurance

Why get life and disability insurance at the same time?

According to Guardian Life, more than one in four of today's 20-year-olds can expect to be out of work for at least a year because of a disabling condition before they retire. Guardian Life also notes that illness causes 90% of disabilities, while injuries accounts for the other 10%.

Life insurance protects your family in the event of your death. Disability insurance protects your income in case you become injured and unable to work. The worst feeling is thinking you have coverage, only to find out you don't or it isn't enough.

Life and disability insurance require going through the underwriting process, which can take four to six weeks. Underwriting is when the insurance company collects information about your health, job, income, finances, and other personal information to determine how much they will insure you and what your premium will be. It may require a medical exam, which includes the collection of a blood and urine sample.

Some insurance companies offer a disability rider that you can add on to your life insurance policy instead of having two separate policies. However, it may be more cost efficient to have separate policies.

Talk to your insurance specialist or financial advisor to find out what options work best for your financial situation and goals.

Related Content Module: More on Life Insurance

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