Posts tagged with "credit cards"

Illustration for 360 mag by Kaelen Felix

ShinePay Laundry Payment App

By Hannah DiPilato

The new app ShinePay brings laundry payment to your pocket with the new convenient app. This is a way for apartments or laundromats to easily add phone payments for their customers. 

Customers download the ShinePay app and add a payment method. Each washer and dryer will have a unique QR code that customers will scan to view prices and submit wifi. Funds are then transferred to the owner’s ShinePay account which can be securely withdrawn.

ShinePay installs with new or existing units with ease and the ShinePay Bluetooth Spark installation can be completed in just a few minutes. The ShinePay Bluetooth Spark installation can work by itself or be installed to work in conjunction with other existing ways to pay. The system does not require wifi or any equipment besides the customers’ smartphone. There’s even a video that shows how easy the installation is. 

The ShinePay Bluetooth Spark only costs a one-time payment of $149 per unit for the price of each hardware. The transaction fee, which only applies to electronic transactions, is 3.9%. ShinePay also helps to reduce the cost of coin transportation when transitioning to a coin-free laundry service. 

ShinePay also brings a new level of safety and security to the laundry room. By going coinless thieves have nothing to steal, so you can own your machines with peace of mind. The company also keeps data security as a top priority and keeps all customers’ data safe. ShinePay also stores, decrypts, and transmits customers’ card numbers in a hosting infrastructure that is entirely separate from ShinePay’s primary services. 

Certified to the most rigorous Payment Card Industry Data Security Standards (PCI DSS), ShinePay ensures security. The company has also obtained global regulatory licenses. The payment technology the company uses has a PCI DSS Level 1 certification which is the most stringent level of certification in the payment industry. There is also advanced fraud detection put in place to protect against imposters. 

Support is given to both owners and customers 24 hours a day, seven days a week by phone, chat and email. This provides around the clock support for any questions regarding ShinePay. The brand is always improving its platform and continuously adds new features. 

ShinePay has also introduced ShineKiosk, a payment system where customers don’t need to download an app. This system is perfect for hotels, laundromats or apartment buildings where people are just passing through. The ShineKiosk requires a one-time hardware payment of $899 and a monthly cost of $25. There is the same 3.9% transaction fee for ShineKiosk transactions. 

Customers can type their card information into the secure system and payment is wirelessly sent to the selected machines. All you need to host a kiosk is a wall, power outlet and internet connection. ShineKiosk has the same security as the ShinePay app, so all credit card information is secure. 

For more information on the ShinePay products visit their website, call +1-510-570-1866, or email hello@shinepay.co. You can also follow ShinePay on Twitter, YouTube, Facebook, LinkedIn and Instagram

Vaughn Lowery, Alejandra Villagra, illustration, 360 MAGAZINE

10 of our Favorite Business Credit Card Options in 2020

A good business credit card is an invaluable tool for a business owner. But with so many options on the market, you might find yourself completely overwhelmed in deciding which card could possibly serve all your specific needs. After all, every year brings a new potential crop of products out there vying for your business.

That’s why we’re here to present a detailed rundown of the 2020 best business credit cards. Before you make any decisions regarding which is the best fit for your company, be sure to consult with your executive team as well as the banks in question. With that disclaimer out of the way, here are 10 of the best business credit cards out there.

American Express Blue Business Cash Card

Cardholders of this American Express product will earn 2 percent cash back on up to $50,000 of all eligible purchases per calendar year. The Blue Business Cash Card also carries “Expanded Buying Power,” allowing you to strategically go over your credit limit.

That amount actually adjusts with your card use, transaction history and financial records. Plus, you receive 0.0 percent APR on purchases and balance transfers for 12 months and no annual fee.

American Express Blue Business Plus Credit Card

This second American Express card has some of the same basic features as the above. However, it also provides double the membership rewards points for eligible business purchases. Likewise, it still has Expanded Buying Power, providing much greater opportunity to rack up points.

Bank of America Business Advantage Cash Rewards Mastercard

With this Bank of America card — the only one to make our list — you’ll get $300 in statement credit when you spend at least $3,000 during your first 90 days.

You can also earn 3 percent cash back in a category of your choice, as well as 2 percent cash back on dining and unlimited 1 percent cash back on other purchases. Moreover, you’ll face no annual fee, and perhaps best of all, your cash rewards never expire.

Capital One Spark Cash for Business

When you sign up for the Spark Cash for Business card, you earn a $500 cash bonus as long as you spend $5,000 in your first three months. Plus, you’ll receive $1,500 when you spend $50,000 within your account’s first six months.

As for cash back incentives, cardholders get unlimited 2 percent cash back on every purchase without any restrictions whatsoever. You also won’t have to deal with foreign transaction fees or an annual fee for the first year.

Capital One Spark Miles for Business

If you’re the type of professional who does a lot of traveling, then this Capital One card might be for you. If you spend $5,000 in your first three months, you’ll receive 50,000 bonus miles. Or if you spend $50,000 in six months, you’ll get a staggering 150,000 bonus miles.

You’ll also receive unlimited double miles per dollar for unlimited, unrestricted purchases or five times the miles on any hotel and rental car bookings. And, yes, there’s no annual fee in the first year.

Capital One Spark Cash Select for Business

The last Capital One card to make our list has a lot to offer. First, cardholders get an unlimited 1.5 percent cash back incentive on unrestricted business purchases.

You’ll also get a one-time $200 cash bonus if you spend $3,000 in the first three months of your account’s life. Moreover, you receive 0 percent intro APR for 12 months, no annual fee and no foreign transaction fees.

Chase Ink Business Unlimited Credit Card

For the detail-oriented business owner, Chase has several notable business credit cards on the market. This one offers $500 bonus cash back after a $3,000 expense in the first three months.

But it also features unlimited 1.5 percent cash back on every business purchase you make. If you need something a little more robust, stay tuned. But the Business Unlimited card has all the basics covered.

Chase Ink Business Cash Credit Card

With the Business Cash card, Chase account holders get the same $500 bonus cash back as the Business Unlimited card. But they also have access to 5 percent cash back on the first $25,000 spent at office supply stores and on telecommunications services.

Moreover, you earn 2 percent cash back on the first $25,000 in expenses on gas stations and restaurants each year. For the business owner with a higher budget, this card is the perfect option.

Chase Ink Business Preferred Credit Card

Cardholders with this Chase card earn 80,000 in bonus points once they spend $5,000 on any purchases in the first three months of their account.

The Business Preferred card also offers 3 points for every dollar of the first $150,000 spent on travel and select business purchases. For all other purchases, there is an even point match for every dollar spent.

Discover It Business Card

New customers with this credit card receive an unlimited cash back match for every dollar spent in the account’s first year.

In addition, you earn 1.5 percent cash back on every dollar you put toward any purchases. Plus, there’s no annual fee, accessible customer service and a free credit score just for being a customer.

Choosing the Best Business Credit Card for You

So there you have it: our 2020 best business credit cards. Choosing the best one for you is going to depend on your unique business needs, from your overall budget to how often you travel and whether or not you’ll be making foreign transactions. For comparison’s sake, take a look at Incfile’s Top Credit Cards of 2019. With so much to consider, selecting a business credit card is not an easy decision. Hopefully, this glimpse at what’s out on the market has inspired you to find the perfect one for your business needs. Make 2020 the best year yet for your business!

This article was originally published on the Incfile Blog.

Dustin Ray leads business development and growth initiatives at Incfile, a national incorporation service company specializing in business formation and small business services. Founded in 2004, Incfile makes it possible to start a business with a $0 formation + state fee and has assisted in the formation of more than 250,000 corporations and LLCs.

British Parents Spend £642 a Month on Credit Cards

    • Totally Money’s Credit Spending Index reveals the nation is spending 46% more on credit cards compared to ten years ago.
    • 56% of parents would rather save for a family holiday than clothing for children and school equipment and trips.
    • 78% of parents worry about their financial situation at least once a month

    Getting kids back to school means buying new P.E. kits, geometry sets, and school uniforms, 64% of parents, however, are frequently concerned about being able to afford their bills – so how are parents managing to cope with their cash flow, bills, and outgoings? The last ten years have been filled with financial uncertainty, from the market crash to the housing bubble, these have affected all forms of spending habits such as the price of petrol to the price of school lunches.

    Families are becoming more frugal when it comes to watching their pennies. Totally Money’s new research explores spending over the past decade, tracking data on consumer behavior, to reveal how parents have been managing their cash and paying their bills.

    Younger Families Rely the Most on Credit Card Spending

    Although the number of credit cards and accounts in circulation has decreased by 10% over the past decade, the number of purchases made have risen by 25%. Totally Money’s study reveals that the total value of credit card purchases has increased by a worryingly high 46%. When parents were asked if they feel they rely too heavily on their credit cards, 13% agreed. This agreement peaked to just under one out of five parents with young families (those who have children under the age of three).

    Parents Prioritize Holiday Saving

    The survey also revealed that a shocking 78% of parents worry about their financial situation on a monthly basis, with 28% worrying daily. However, despite this, an alarming 56% of parents prioritize saving for their family holiday over clothing for their children, as well as school equipment and school trips.

    Credit Card Spending

    With just over 75% of parents owning a credit card, 36% rely on their credit card to get them through the month – spending an average of £643 per month. The study also unveiled younger families might worry the most but are evidently savvier when it comes to their pennies; spending the least on their credit cards per month (£551). However, whilst parents with children aged between eight and twelve have the highest amount of disposable income, an average of £315 left at the end month, it seems the same group tend to be the most reliant on their credit cards; averagely spending £742 per month.

    44% of parents say they find themselves concerned about being able to afford their bills every month. This could be accredited to the increase in the cost of living as well as inflation compared to the national average salary of £27,600 – £1,200 less than the national average weekly household spend of £554.20, equating to a yearly figure of £28,818.

    Joe Gardiner, Head of Brand and Communications at Totally Money, comments, “It’s no secret that the way British people are spending their money has changed over the years. Although outstanding personal loans per household have fallen by 13%, the number of purchases has risen by 25%, which can be accredited to the difference of 4% between how much people are spending yearly and the average national wage.”

    “Brits are having to carefully consider what they deem to be important in order to make their income stretch even further. When asked what measures people put in place to assure they rely on your credit cards and/or overdrafts, it was really encouraging to hear the majority of people surveyed replied that they’re actively taking control of their finances by keeping an eye on unnecessary spending and budgeting in advance. ”

    To view the full tool ‘The Evolution of British Spending’ click here to discover more.