Preventing Chargebacks

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There’s an increasing problem eating away at merchant profits today. It’s called chargebacks. And retail businesses across the board are starting to feel the pinch.

What are chargebacks? A chargeback is a credit card transaction that a card issuer returns to a merchant bank as a financial liability. In turn, the merchant bank may return the financial responsibility back to the merchant. More simply put, a chargeback reverses a sales transaction. Read more…

Overwhelmed by Applicants

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Count yourself lucky if you plan to hire in this economy. But, with thousands of Americans looking for jobs, you may soon be inundated with applications. And that can be a double-edged sword for a busy business owner. Read more…

Filed under:Cost of Business

Minimum Wages Increases

timeclockThe federal minimum wage increased on July 24, 2009, from $6.55 to $7.25 per hour. That’s an 11% increase, which equates to an extra $120 per month in the wallets of the more than 2 million who earn less than $15,000 annually. Read more…

Filed under:Cost of Business

Economy Watch: On the Road to Recovery

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Hungry for some good news?

It’s been a rough road, but mounting evidence suggests the nation’s deep economic recession is finally easing. Here, from government and private forecasters, are signs that the economy is poised for a slow but steady rebound. Read more…

Filed under:Cost of Business