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We are living in a digital age where instant gratification and ease of use are of high priority. There are 4.5 million active debit cards in Ireland, with 54% of Irish debit card owners using contactless payments. And yet, just 5,000 Irish businesses currently offer contactless payments.

The way of the future is to pay for things with contactless and non-cash forms of transactions, utilizing our devices and electronic technology. It’s already a core feature of our everyday lives, and it’s more important than ever to keep up.

Business owners and brands must keep up the pace with expectations and ever-changing demands of retail and service culture where payment methods and revenue model landscapes are ever-changing. Millennials are reaching a peak point in their lives where their careers and spending are at their highest. They’re actively adopting new forms of technology and they are changing the way we purchase. SME’s and digital payment methods need to keep pace with technology and digital payment methods in order to retain customers and continue to grow their business.

If you’ve ever considered using credit card debt to start a business, there are a few considerations to be made. Although all credit cards come with debt, interest fees, and possible annual or miscellaneous fees, there are significant benefits to utilizing your card to get everything off the ground. A credit card is an effective borrowing tool to get your business off the ground.

Credit Card Debt - Business Funding

This section of your business plan summarizes the structure of your business and is the life blood of your company. Without the proper management and budgeting set in place, your business could falter and ultimately close. The financial section of your business plan is imperative to not only everyday management but will also play a crucial role in any business loan or valuation assessment.

Keep a few guidelines in mind when organizing your financial strategies into your business plan.

About IOCsave

We offer the most competitive rates in Ireland, our customer service is second to none, plus, the most important reason... We take care of your payments leaving you to take care of your business.

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