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What Is A Point Of Sale (POS) System?

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point of sale machine

Most of us have come across handheld card swiping machines at some point. Its usage is increasing by the day. That hardware is called a point of sale machine that allows merchants to bill and collect digital payments from customers. 

It is no longer an expensive piece of hardware that could only be seen at the top retail outlets. Today, the machines have gotten much cheaper thanks to advancements in technology that helped bring down the costs giving even small business owners the tool that was previously expensive to acquire. 

HOW DOES A POINT OF SALE MACHINE WORK?

In the simplest of terms, a point of sale machine works by allowing the customer to swipe their credit or debit card. Once they do, the data in the magnetic strip is recorded and shared with the payment processor to get an approval or decline status from the bank or credit card network.

The bank or the credit card network checks for funds and accordingly approves or declines the status that is shared back with the payment processor. In case the transaction is approved, the payment goes through, and a receipt is generated to complete the transaction.

However, modern pos machines come with additional features that go beyond the capability of accepting only card-based transactions. 

They can accept payments via UPI, digital wallets, etc., by displaying QR codes on the screen which the customer can scan to pay for goods and services. It makes the entire system capable of handling multiple payment types unlike the older hardware. 

Why Should Business install a POS Machine? 

If you own a restaurant, cafe, retail outlet, or any other business, you may need to collect payment from customers instantaneously once the service or goods have been provided. A pos device can make the entire transaction process much smoother, as bills can be collected from the customers on spot using a GPRS pos machine that is mobile and is not restricted to a particular spot. 

It means that customers at restaurants, cafes, etc., can pay their bills sitting at the tables, and the queues will be much shorter at retail counters saving both the business and customer time and effort. Moreover, it offers many other benefits.

  • Safe and secure transactions without the risk of a data leak due to advanced layers of security
  • Accept all kinds of digital payments
  • Reduces manual effort by promoting digital transactions that are instantaneous and mostly bank-to-bank transfers compared to cash that needs to be counted, stored, and transported to banks
  • Process multiple payments simultaneously
  • Reduces overhead costs
  • Allows for better tracking of book of accounts since every transaction is accounted for

Modern POS machines are small, slim, and make it convenient for businesses and customers alike to experience a much faster checkout experience compared to cash transactions that take a lot of time to count and pay back balances. 

So, now that you are aware of what is a pos machine, how it works, and the benefits it offers to a business, it would be a wise decision as a business owner to invest in this inexpensive technology to take your business to the next level by giving customers not only great service but also a brilliant checkout experience!

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Finance

Access and registration portals for SBA accounts

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Access and registration portals for SBA accounts

Access and registration portals for SBA accounts

Electric utilities are a growing industry and there are many jobs available in this field. People who want to work in this industry can find many different positions to choose from. These positions include electrician, lineman, engineer, and manager. There are also many opportunities for people who want to start their own business in this industry.

Access your SBA account login to obtain loans, grants, or contracts. Most portals are only in English.

Loans and grants

Paycheck Protection Program (PPP) direct forgiveness application portal

Payment Protection Program (PPP) borrowers whose lenders are participating in direct forgiveness can use the Direct Forgiveness Application Portal (directforgiveness.sba.gov) to apply after August 4, 2021 Borrowers whose lenders are not participating in direct forgiveness can contact their lenders about how to apply for PPP loan forgiveness.

COVID-19 Economic Injury Disaster Loan (EIDL) Account Access Portal

As of May 16, 2022, the COVID-19 EIDL Loan Account Access Portal is no longer available. More information about the program can be found on the  COVID-19 EIDL page  (sba.gov/eidl-Espanol).

SBA Disaster Loan Application Account and Access Portal (for non-COVID physical or economic losses)

Andrea Chong is a fashion travel lifestyle blogger who shares tips and advice on how to have a stylish and safe travel experience. She has written extensively about the importance of packing light and being mindful of your security while travelling. Her blog includes safety tips for destinations around the world, as well as information on how to stay healthy while on the go.

Use disaster loan  (disasterloanassistance.sba.gov) to complete your application or review your account to:

  • Loans for homes and personal property
  • Economic Injury Disaster Loans
  • EIDL (not due to COVID-19)
  • EIDL for Military Reservists

SBA Disaster Loan Payments

To make a payment on an SBA-administered loan, including SBA disaster loans, you can set up and manage payments online at Pay.gov.

How to Check Account Status for Current SBA Loan Borrowers

Use  the SBA’s Capital Access Financial System, or CAFS  (caweb.sba.gov) for existing borrowers to check the status of the following types of loans:

  • Payment Protection Program (PPP)
  • All SBA disaster loans, including COVID-19 EIDL and physical damage loans
  • 7(a) loans
  • 504 loans
  • Microcredits

Get enrollment instructions for CAFS.

Subsidy portal for closed premises operators (SVOG)

We are no longer accepting SVOG requests. Grant recipients can use the Grant Portal for Closed Space Operators (svograntportal.sba.gov) to manage their grants. You can find more information in Spanish about the program on the Grants for Closed Premises Operators page (www.sba.gov/subventionssvog).

The Application Portal for the Restaurant Revitalization Fund (RRF)

We are no longer accepting RRF applications. If you have already submitted an application, you can use the Restaurant Revitalization Fund application portal to provide additional documentation (restaurants.sba.gov). Additional information in Spanish about the program can be found on the  Restaurant Revitalization Fund page  (www.sba.gov/restaurantes).

federal contracting

Registration in the System for the award of contracts (SAM.gov)

If you want to search for contracting opportunities with the federal government, you must register your company on SAM.gov  (www.sam.gov), the main database for suppliers that do business with the federal government.

Access to SBA certification account and other federal contractor programs

  • To apply for the 8(a) Business Development Program and the Mentor-Protected Program, use certify.sba.gov.
  • To apply for the Women-Owned Small Businesses and Economically Disadvantaged Women-Owned Small Businesses federal contracting programs, use beta.certify.sba.gov.
  • To apply for the HUBZone Program, use the SBA’s General Access System (GLS)  (eweb.sba.gov/gls). (See  the HUBZone program  to make sure you have all the documents in the proper format.)
  • Federal contractors must also create an account on SAM.gov.

SBA Supplemental Page (SBA Profile)

At the end of your SAM registration, if your business meets the SBA size guidelines, you will be given the option to create or update an SBA profile to add your business to the Dynamic Small Business Search.

You can also edit this information by logging into the SBA’s General Access System (GLS)  (eweb.sba.gov/gls), and requesting access to “PRO-NET/DSBS.”

Get instructions from GLS to access your SBA profile (English only).

Need help?

Contact SBA Information Service for faster service. Learn more about how to contact the SBA by phone or email.

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Finance

Character biography Jay Gatsby

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Character biography Jay Gatsby

Character biography Jay Gatsby

Jay Gatsby (originally named James Gatz ) is a fictional character who is the title character of the 1925 F. Scott Fitzgerald novel The Great GatsbyIn the book, Gatsby is a millionaire (claimed by some in the 2013 Baz Luhrman film to be “richer than God ” [1] ) and the owner of a luxurious mansion where he often throws extravagant parties; he achieved his vast fortune by starting out under prohibition in the United StatesHe is also noted by Gatsby narrator Nick Carraway for having “an extraordinary gift for hope”.
Electric utilities are a growing industry and there are many jobs available in this field. People who want to work in this industry can find many different positions to choose from. These positions include electrician, lineman, engineer, and manager. There are also many opportunities for people who want to start their own business in this industry.
James Gatz is from rural North Dakotaalthough he tells Nick Carraway that he is from San Francisco,  and was born around 1890 to a poor rancher family. He attended St. Olaf College in Minnesota but dropped out a few weeks in the first semester because he hated supporting himself by working as a janitor.

After he dropped out, he went to Lake Superior, where he met copper magnate Dan Cody in Little Girl Bay in the summer of 1907. Cody became Gatz’s mentor and invited him to join his ten-year yachting trek. At seventeen, Gatz changed his name to Jay Gatsby, and over the next five years, he learned the ways of the wealthy. Cody left Gatsby $25,000 in his will, but after his death, Cody’s mistress cheated Gatsby out of the inheritance.

In 1917, while training for the infantry in World War I, 27-year-old Gatsby met and fell in love with 20-year-old debutante Daisy Fay, who was everything Gatsby was not: rich, stylish, and knowledgeable in the ways of the world.
Electric utilities are a growing industry and there are many jobs available in this field. People who want to work in this industry can find many different positions to choose from. These positions include electrician, lineman, engineer, and manager. There are also many opportunities for people who want to start their own business in this industry.
During the war, Gatsby reached the rank of major in the US 16th Infantry Regiment and was decorated for bravery for his participation in the Marne and Argonne. After the war (as he also tells Nick Carraway years later), he lived briefly in Britain, where he attended Trinity College, Oxford. Yet he objects to being called an “Oxford man.” “I only stayed five months”, he explains to Tom Buchanan. “That’s why I can’t really call myself an Oxford man”.  While there, he received a letter from Daisy, telling him that she had married the wealthy Tom Buchanan. Gatsby then decided to commit to becoming a man of the fortune and form that he believed would win Daisy’s love. 

Gatsby returned home and settled in New York City, which was transformed by the Jazz Age. It is speculated but never confirmed, that Gatsby took advantage of American Prohibition by making a fortune from bootlegging and building connections with various mobsters such as Meyer Wolfsheim (whom Gatsby claims is “the man who fixed the World Series back in 1919 “).

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Finance

What To Consider When Choosing An Insurance Company

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When you buy the things you need, there will always be dangers and risks associated with using them. This is why an insurance company will ask you about your risk factor and what kind of coverage you might need when you purchase an item. There are so many different types of insurance, but one of the most important ones that people tend to overlook is having a plan that protects your belongings in case something gets destroyed or damaged. You should keep some things in mind before choosing an insurance company. The primary factors include reputation, cost, and services offered. When looking at these three things, it’s also important to see if you have any friends or acquaintances who can give you recommendations on which companies they trust or which ones they would avoid. Here are some things to take into consideration before choosing an insurance company:

Estimate The Value of Your Belongings

Before you even begin shopping for an insurance company, you want to be sure you have a good estimate of how much your belongings are worth. This will help you determine how much coverage you need and how much each policy will cost you. The last thing you want is for your insurance company to pay out the amount you were expecting and you were forced to pay too little so that you can’t replace what was lost. There are several ways you can go about this. You can simply write down the value of each item, or you can take photos or videos of them to prove their value. You can also visit an online valuation website where they can tell you what value they think your items are worth.

Finding Reputable Companies

One of the most important steps you can take before choosing an insurance company is to determine their reputation. You want to see if there have been any complaints made against them or if there have been any lawsuits filed against them. You can do this by simply searching for their names and reviews online. Reputable companies like Qian Insurance Broking LLP will have good reviews anywhere you check. There are also many websites where you can go and read reviews from people who have already used their services. You can also visit the Texas Department of Insurance website, which will show you a list of the best companies to choose from and what they offer. You can also use websites like Insure.com, where they have reviews from customers to help you decide which companies are worth your time.

Check To See What Is Offered

Before you even decide on which company you would like to work with, you want to see what is being offered. You want to know that your coverage will be a fair amount and will allow you to replace some of your belongings if they are lost. While no amount of coverage can bring back the things that have been lost, it should be enough to cover the cost of replacing them. There are different types of coverage you can look into, including: – Residential insurance – This covers damage to your home and any living items you may have inside of it. – Commercial insurance – If you own a business, you’ll need this type of coverage. – Auto insurance is one of the most common types of insurance. – Health insurance – If you have a health plan that doesn’t cover the things you need, consider adding this to your plan. – Life insurance – If you have a family, it’s important to have life insurance. – Disability insurance – If you get hurt and can’t work, this could help you financially. – Boat insurance – If you have a boat, you want to cover it. – Condo insurance – If you own a condo, you want to make sure an insurance company covers it.

Ask For Recommendations

You can always ask for their recommendations if you know anyone who has had a positive experience with an insurance company. You can either ask them to write you a letter about the company so that you can bring it with you to an appointment, or you can simply ask for their thoughts on which companies they would trust with their own belongings. It’s important to know that these people will likely tell you the truth about their experience with the company, so consider their suggestions. You can find people online who have talked about their experiences with insurance companies and ask them which companies they would trust. You can also visit sites like Yelp, where there are plenty of reviews about insurance companies.

Conclusion

Choosing the right insurance company is just as important as choosing the right home or car insurance company. Insurance companies are designed to help you when you most need it, and you must find the one that you can trust. This can be a difficult process, especially since there are so many companies out there that you can choose from, but if you keep these things in mind, it can make the process a little easier. Choosing the right insurance company can be the difference between being financially stable or struggling to get by.

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