The Most Promising Logistic Technology Solution Providers in 2021 by The Enterprise World

From Editor’s Desk “You won’t ﬁnd it difﬁcult to prove that battles, campaigns, and even wars have been won or lost primarily because of logistics.” — General Dwight. D. Eisenhower

ogistics is one of the most integral parts of running a flourishing industry. Logistics technology solutions are creating the logistics of the future and changing the face and functioning of the whole industry. As it is rightly said, no service or product is complete until it's delivered to the customer. This edition of The Enterprise World, The Most Promising Logistic Technology Solution Providers in 2021 features some of the leading names in the logistics technology industry. These companies and their services have established them as one of the most promising and leading companies in the logistics industry. These companies have carved a rock-solid reputation and earned immense recognition throughout the industry. On the cover story is the Absolute E-Z Up, Inc. (AEUP). Adding to the long quest of businesses who try to provide reliable business equipment, AEUP offers unique and innovative material handling equipment and solutions, empowering businesses in different market segments across the globe. They are global carriers for A Safe, Productive Workplace. AEUP dominates the industry with its position as a market leader in the niche market segment. Their equipment has unparalleled results and experience as AEUP focuses on maximum smooth workflow with the utmost safety at the best prices. Their solutions and work showcase their rich domain knowledge and a flexible and agile workflow. AEUP’s products provide cutting-edge technology to modernize business operations and material handling jobs. In a conversation with Mr. Raymond Gillon, CEO of Ezyhaul. In this era, ‘Go Digital’ is the only and important solution for business growth. And with that aim to transform the logistic sector, Ezyhaul provides the utmost agile digital platform for Shippers. The company operates in only B2B segments that have outsourced transport activities. There is a lot more to read inside. Happy reading!

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Adeeb Ma

Adeeb Malik

The Enterprise World, 1985, Henderson Rd, Columbus, Ohio, 43220

For Editorial Concerns: editor@theentetpriseworld.com For Sales & Branding Enquiries: sales@theenterpriseworld.com For Subscription: info@theenterpriseworld.com Publisher The Enterprise World Creative Content Editor Sanyukta | Adeeb Marketing Coordinator(USA) Peter J. PR & Marketing Coordinator James H. Business Development Executive Richel H. Creative Design Head: Sushant K. Social Media Manager Narendra S. Digital Circulation Manager Amanda V.

This list is NOT a ranking. The companies on listed in magazine serve different aspects of the market, making ranking them in any order except revenue impossible and unfair. We try to bring a perfect platform for business organization to showcase their valued products/ services. Copyrights © The Enterprise World | 2019. All Rights Reserved. The images and content included in this magazine should not be copied, transferred or reproduced in any form or by any means, electronics, mechanical, photocopying, recording, otherwise, without proper permission from The Enterprise World. The Enterprise World solely owns all the reprint rights.

Leaders in Spotlight

This edition of The Enterprise World, The Most Promising Logistic Technology Solution Providers in 2021 features, Logistic technologies are one of the most essential services in today’s world. As the world is moving towards globalization and trade around the globe is exponentially increasing. Many companies are providing unrivaled logistic solutions but only a few have made it to the top tier list. These solutions are rapidly changing the world, and how our goods and services are delivered at our doorstep, without any hassle or delay. Featured in this edition are some of the leading companies providing unmatched logistics solutions. These companies are rapidly changing the face of the industry and leading the pack with their relentless customer support and benchmark service standards. These companies and their stories come as highly reliable and one of the most promising companies reigning in the logistics technology industry. On the cover story is the Absolute E-Z Up, Inc. (AEUP). Adding to the long quest of businesses who try to provide reliable business equipment, AEUP oﬀers unique and innovative material handling equipment and solutions, empowering businesses in diﬀerent market segments across the globe. They are

global carriers for A Safe, Productive Workplace. AEUP dominates the industry with its position as a market leader in the niche market segment. Their equipment has unparalleled results and experience as AEUP focuses on maximum smooth workflow with the utmost safety at the best prices. Their solutions and work showcase their rich domain knowledge and a flexible and agile workflow. AEUP’s products provide cuttingedge technology to modernize business operations and material handling jobs. In a conversation with Mr. Raymond Gillon, CEO of Ezyhaul. In this era, ‘Go Digital’ is the only and important solution for business growth. And with that aim to transform the logistic sector, Ezyhaul provides the utmost agile digital platform for Shippers. The company operates in only B2B segments that have outsourced transport activities. In a candid talk with Mr. Martin Hubert, CEO of Freightgate. Freightgate was established in 2000 with a mission to deliver digital transformation and exceptional value to Importers, Exporters, and LSPs alike, by offering the most flexible, highly configurable, and modular internet native platform.

10. Absolute E-Z Up

22. Ezyhaul

32. Freightgate

C O V E R S T O R Y

ABSOLUTE E-Z UP Making Jobs Safer and Easier with Techno Powered Equipment

Mike Buley Founder

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C O V E R S T O R Y

boost in the digital economy and overall e-based businesses has powered companies to grow faster than ever before. In this context, companies strive to give their best and provide the utmost comfortable experience to their valuable customers. Businesses are being stretched to their limits to manufacture and supply products with the proper quantity. In this fast-paced race, businesses are willing to speed up their processes and increase the efficiency of their highly skilled staff with a focus on the highest safety. A job accident might become a reason for serious causalities. In traditional business processes, severe injuries were high, as workers manually performed many complex tasks. Today, with the rising technology with every new dawn, manufacturers and logistics service providers are increasing their productivity and ensuring safety as a critical component. Adding to the long quest of businesses who try to provide reliable business equipment, Absolute E-Z Up, Inc. (AEUP) offers unique and innovative material handling equipment and solutions, empowering businesses in different market segments across the globe. AEUP- a pioneer in technologically modern Lift & Material Handling Equipment & Personnel Carriers for A Safe, Productive Workplace. AEUP dominates the industry with its position as a market leader in the niche market segment. Their equipment has unparalleled results and experience as AEUP focuses on maximum smooth workflow with the utmost safety at the best prices. Their solutions and work showcase their rich domain knowledge and a flexible and agile workflow. AEUP’s products provide the cutting-edge technology to modernize business operations and material handling jobs. AEUP’s Early Days Mike Buley started the company in 2009. As he says, it was not the best of economies to start; as there was much attrition and consolidation within manufacturers, distribution, private companies, etc. But that also allowed AEUP to refine its processes and thoughts in a logical order. It allowed them to look at the uncertainty in the marketplace while not being threatened by it. So, they talked to many people in various market segments, retail, wholesale, new and used equipment users, service entities, etc.

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With learning to ask good questions with an open mind, AEUP approached the business opportunity, which led them to establish one of their core beliefs, which they still believe in today, ‘Listen to the customers.” Realizing they couldn’t compete with more prominent manufacturers, they had to find something where the applications existed and were needed. However, the proper equipment wasn’t being built or marketed at the time. AEUP first determined what those markets were, what it would cost to support those markets, and how those applications could take care of the issues. AEUP searched for manufacturers worldwide with whom to work. AEUP made modifications to the current manufacturer’s units to gain the North American markets’ interests while complying and exceeding its safety standards. The company established relationships with those manufacturers determined by their product quality, attitude, willingness to support the product, and their desire to have a long-lasting relationship. AEUP started on the support side as they looked at determining these things with the manufacturer. Was the manufacturer going to support and train personnel on the technique of the product, performance, and the service part? AEUP has had its fair share of hurdles and achievements to become a market leader in the industry. They aim to provide the best services to their clients and contribute to the various business segments. The company perfected manuals for operating, service, parts, and maintenance. And they focused and tackled the language aspect of all written work, which has been translated into English, Spanish, and other languages being made available. Mike says, “The company had to make the onboarding of our company and products as simple as possible. With everything that we do going forward, whether it’s another manufacturer or another product, or another market segment, our goal is a smooth process. In determining a potential customer’s buying pattern, we asked exploratory questions. We listened to the answers. It was clear that safety was going to be a significant key factor in our success. We talked to distributors’ large chains and large and small corporations while focusing on safety and risk management. Job-related accidents, workman’s comp, claims, and rising insurance rates played a significant part

in what and how buyers were making their determinations. It was apparent that lost work hours, retaining current workers, hiring new people, and delaying ﬂow productivity contributed to lost revenue. We aim to alleviate some of these issues. AEUP’s industry-leading oﬀerings AEUP’s unique and innovative solutions are technologically and cognitively advanced and sophisticated in these market segments.

AEUP has a wide selection of comprehensive electronic equipment and solution offerings. AEUP offers many solutions in low-level aerial work access platforms, unique stair climbing equipment, electric utility vehicles, tow, load, personnel carriers, and many specialty applications. The company also offers sanitizing generators which remove dust, smells, bacteria, and viruses and provide clean, pure air. The company trains its customers to use and operate all their equipment. Another service that they provide is “Oncall” or on-computer service. Team AEUP knows the

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C O V E R S T O R Y

August 2021

performance of the equipment, how it’s built and what it’s made to do. So they can troubleshoot over a telephone or a computer. Our centers in Ohio and North Carolina provide service and parts.

Mike commented, “Our goal with our services is to make the buyer comfortable with their buying decisions, and for them to be happy and satisﬁed with us because we support them in the unit every day.

“Our units are sturdy. But all machines are subject to wear and tear. We have parts available in those two facilities for shipping at any time the next day or overnight. We have, on occasion, provided a simple ﬁx to a customer’s machines that they have in their inventory while not necessarily ours. But our technicians are well qualiﬁed and have excellent mechanical aptitude. Their expertise in electronics and hydraulics has created situations where they have, on many occasions, taken a customer’s stranded asset and turned it into a revenue-generating unit,” Mike commented.

We realize customers’ inputs are essential. It often helps in determining the design in the manufacture of our products. We analyze what the market needs, not just produce and then ask the customer to react to what we have built.”

Absolute E-Z Up oﬀers something unique to the industry, which is Fleet Management and its optimization. We help guide when a customer should replace a unit or dispose of and right-size their ﬂeet, depending upon incoming jobs or demand. In addition, AEUP can advise on how to maximize the residual value of that equipment. So, when the customer trades it in, the highest value is realized while not competing with others selling the same product simultaneously.

The Driving Force Striving for perfection takes any company forward. Working with AEUP’s team of experienced veterans and input from our valued and knowledgeable customers is what creates and enables growth in our companies. Absolute E-Z Up has a mix of military veterans and seasoned professionals with over 200 years of sales and service Industry knowledge. The company is currently infusing younger people and staﬀ members with various skills and talents to bring new ideas. They recognize they have to be a leader today and tomorrow to help the company stay competitive. There are no egos that get in the way of us satisfying the customer. AEUP’s credo is CUSTOMER SATISFACTION, and that truly drives their success!

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Solutions Fo Access ~ Ele Vehicles ~ Solutions ~ St 16

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or: Low Level ectric Utility Sanitizing tair Climbers www.theenterpriseworld.com

C O V E R S T O R Y

Our Only Job Is Making Your Job Safer & Easier

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There is no secret formula. No secret recipe for Success. There’s just Caring! Thinking about what you’re saying, how you’re doing it, and carrying it Forward-- being honest and transparent. It’s all about people. Mike Buley – A veteran leader and anchor of the growth of Absolute E-Z Up! AEUP’s status and respect in the market and the technology-led workplace equipment space are due to their handpicked team of industry experts and masterminds and their ace and unmatched veteran leader, Mike Buley, President. Mike’s experience has varied over many different industries and products. He served for three years in the military. After that, he worked in retail and wholesale in Firestone Tire and Rubber Corporation and then seven years with a worldwide confectionery manufacturer. He then moved to the finance sector, where he worked with a financial institution for four years. After that, Mike earned a great deal of knowledge in the equipment business for 26 years with Genie Industries as a territory manager, rising to the level of Vice President for Sales and Distribution Development. Mike said, “I can say it was a privilege working with and for some of the best people I have ever known internally, as well as with people I had the good fortune to call customers. I went through much success, whether it was rewards, financial gain, personal growth, but all of those customers I still call friends today. I’ve also gone through some hardships with some of those customers. But through it all, I have come away with one thing: a lot of happy thoughts, a lot of memories, and a lot of smiles.” The whole thing is about people, and if we don’t recognize people as the backbone of what we’re doing, we’ve lost touch with things. It just can’t be cold steel; it just can’t be a hydraulic hose; it’s truly the people with whom you are in contact. You’re going to face adversity. What are the style points you get along the way? How you solve the problem and how you treat your customer is the vital part. So, yes, it’s a learning journey still going on, but on course. Overwhelming Customer Experiences Talking about the overwhelming customer experiences, Mike says, “I think one of the things that come through in the testimonials that we get is just how much a customer has enjoyed how we treated them. Yes, we’ve satisfied them

We always strive to achieve. We do make mistakes. But it’s on how you approach admitting that mistake and correcting it. That makes all the difference in the world. Nobody’s perfect. But it’s on how you treat people going forward. Honesty and transparency are paramount in every transaction we make. as a customer, we’ve supported the product, and we’ve checked on how the customer is doing. It’s a never-ending journey, and situations and people, and positions change all the time. But as the residual effect, we leave satisfied customers, and they are confident they will receive help in the future. We have customers who call us or prospects who call and tell us, “You know, I’ve seen your unit, and I operated it, and I think it could save us money and time while enhancing our safety.” It doesn’t get any better than that.” Looking Ahead AEUP continues to believe in its customers. As Mike says, if we ask the right questions, know our industry, know our products, we should continue to grow. The company will continue to invest in its people, as they are an essential asset. When bringing on new product lines, it’s the training and the thought process for each product offering for the clientele. And team AEUP knows that works because they’ve asked their customers! They aim to keep upgrading the company. They are currently going through a website upgrade and web page upgrade to enhance the interaction between customers and products. AEUP is focusing on the audio-visual mode of communications as much as it can. Team AEUP is confident that this is going to benefit the company.

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August 2021

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Interview with TEW

August 2021

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Interview with TEW

August 2021

E-MARKETING?

August 2021

here is a huge been a spurt in business ventures and start-ups, especially since the wake of the pandemic. This calls for radical ideas and innovation in many fields, most importantly, marketing. The traditional marketing strategies and methods have been effective in recent times, but the pandemic and the norms it brought pushed the need for reform in the marketing industry as a whole. E-marketing has been there since the past decade, but the momentum has radically changed in the past years. As the competition in the market gets fierce, companies strive to aim for the podium, and OLM (Online Marketing) can prove as a crucial advantage to fetch that goal. The population of netizens is on the rise, with nearly 80% of the world population seeking the internet for information. The Internet has become a rich source for Ecommerce websites and companies to reach the target audience and have a pan world presence. Another factor expanding the importance of E-marketing is the rising expenditures on advertisements, email marketing, etc. OLM has become a need for any business in today's time, if you still wonder, read on to know the good and bad of the same. Any marketing is Good marketing? Marketing has again come into the limelight and enterprises are sparing no cents to win the race in the market. Some advantages of E-marketing are: - Wider Audience Pool Undoubtedly one of the best pros of E-marketing, a pan world reach. Now an enterprise is working on a multinational level since day one. This makes reaching the target audience accessible and cost-efficient as no physical outlets are required. - Visible Results As every transaction, inquiry, etc. is done online, it becomes easy and accessible to track traffic, popularity, etc. of products/services. Enterprises can keep a track of sales, feedbacks, etc. all with a click, making tracking of business performance simple.

- Convenience and Connection With everything working over the internet, enterprises can work 24x7, and customers can access the same at their convenience and comfort. This is a crucial advantage as it saves time and cost as there is less expensive as compared to offline stores. Excess of everything is bad, and E-marketing has its cons too. Some of the cons of are: - Legitimacy and Clarity As there are a lot of websites, it becomes difficult to judge the legitimacy of the same. Another factor that gives the clarity away is ads that fill the pages, making potential customers turn away. - Specialization E-marketing, however easy it sounds, requires specialists with experience and the right skills. To get maximum footfall or traffic, one requires knowledge of SEO, SEM, etc. that requires specialization. - Reach and Reality As OLM offers wider reach, areas with less connectivity, the elderly, and illiteracy are deprived of the benefits of the same. As online businesses run on word of mouth publicity and feedbacks, people often post negative feedbacks to put down the competition. Marketing, making business easy? E-marketing has surely benefitted customers and enterprises alike, but the question of its viability and sustainability remains. It is surely changing the new normal but also rising concerns. OLM is growing and tends to provide a platform where anybody can start a business of their own. This has brought a lot of products/services at competitive prices but also doubt on the source of legitimacy. The question of its relevance remains, as it dwells too deep into a person's personal space. As nobody likes recurring emails, messages, notifications, etc. but where does one draw the line? This remains a question for enterprises and marketing agencies, whether they want E-marketing to be a boon or a bane.

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Interview with TEW

Solving supply chain puzzles with the most unique cloud-based platform. ogistics is a rapidly evolving market; many factors are shaping the future of how businesses move goods and what they will require from their transportation carrier. Trends and challenges in today's supply chains mean evolving logistics networks must be prepared to deliver results in an ever-changing business environment.

Freightgate's founders are early pioneers and visionaries that are driven to harness the power highly collaborative ecosystems hold. Freightgate's vision is to create solutions that empower our customers to generate exponential returns. It gives us distinct pleasure when we can jointly solve supply chain puzzles and help make the world a better place.

A digital technology oﬀering company, Freightgate, is making businesses in the logistics industry future-ready with its unparalleled and ultra-modern digital solutions based on the cloud.

· What is the reason behind the company's long standing success?

In a conversation with Mr. Martin Hubert, CEO of Frieghtgate, let's discover more about the company and his views on frequently changing market scenarios. · Brief us about the company. Freightgate was established in 2000 with a mission to deliver digital transformation and exceptional value to Importers, Exporters, and LSPs alike, by offering the most flexible, highly configurable, and modular internet native platform. Now known as the Cloud -

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Freightgate has one of the broadest most flexible logistics cloud offerings in the market. And we have created tailored packages to enable even smaller Importers and Exporters to take advantage of our unique dynamic rating and routing paired with comprehensive schedule and benchmark data. We have decades of experience delivering digital supply chain transformation services and software to shippers, 3PLs, and their customers. With one of the most flexible, vertically integrated real-time global visibility platforms. With an impressive history, proven track record of innovation, and recognition such as the 2020s Most Innovative SCM Solution Provider, the

Mr. Martin Hubert CEO

Freightgate team strives in creating solutions that help its customers generate exponential returns. · What are the products or services the company focuses on? How are your services different from those in the market? We are uniquely positioned to empower many new customers with our DYNAMIC RATING and ROUTING platform, enable vast efficiency gains with zero-touch dispatch (RPA), and our investment in IoT. Driven by our passion for logistics, supply chain, and flexibility the Freightgate Logistics Cloud is hyperconnected and sports unmatched flexibility. Our goal, as always, is to keep every customer we earn happy, with a keen focus on genuine satisfaction and on providing the best, smartest services we can.

general economic recovery which widely depends on outside factors we do not have control of, like the possible resurgence of the virus, government's economic policy response, and the ability to reinstate business and consumer confidence. What we do have control of is how we adapt to these times by responding with more efficient processes and the use of technology to make better-informed decisions. The direct effect this pandemic has on Freightgate provides an opportunity in helping promote advanced solutions to customers and prospects while helping them to take control of the transportation, supply chain, and freight spend, make dynamic data-driven decisions and respond to the market conditions in real-time with the use of our Freightgate Cloud Platform.

· How do you decide to take the company a step further?

· Being a successful leader in the logistics technology landscape, please share your thoughts on how businesses should increase the quality and speed of processes?

To understand the current industry scenario and how Covid-19 has aﬀected the freight industry we must look at the broader economy and understand the path of a

It is kind of interesting to see more people and companies realizing what we have been advocating for such a long time. With Freightgate, we already have the

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perfect digital transformation tool, but we understand that it's hard to overcome internal hurdles to modernize the way businesses work. Now more than ever the industry can benefit from what we have been doing for more than 20 years and automate processes, raise efficiencies, reduce monotonous tasks and create an environment where employees can get creative and find better ways of solving the day-to-day puzzles. We're doing our due diligence in tailoring the right solutions to our customers while improving our cloud with enhanced AI and ML capabilities, and many more to come. · Why it is said that the workforce plays a vital role in every business's growth? Please tell us about your team. As we all know the sudden change to remote work life caught many businesses including ours by surprise. However, we are an international team and are therefore used and prepared to work from home. It is important to still maintain a positive team spirit and as we're talking daily on web conferences and the telephone, we are proud to have succeeded in that goal. The most important part of our business, the customers, are benefiting more than ever from the passion and collaboration we provide. We started a LinkedIn group for the industry to foster cross-functional collaboration and a spirit that enables helping each other. · Can you please brief us about your professional experience?

innovative logistics solutions, fostering global collaboration and productivity, while building a highly configurable platform with a global-by-design philosophy. Martin will continue to deploy technology to find smarter ways to solve today's and tomorrow's supply chain challenges. · What are the key achievements of your business journey? The general advancements we have made in the configurability of the platform and building out the microservices architecture is empowering our customers to take their logistics automation to the next level. ' · Innovation is the key to business growth', Please share your views. We have developed a culture fostering continuous improvement and innovation. We even perform annual ISO9001:2015 audits to have independent external auditors confirm our processes comply with this overarching goal. Using this methodology Freightgate has created one of the broadest most flexible logistics cloud offerings in the market. Using this foundation, we offer packages that enable Importers and Exporters, big and small, to take advantage of our unique dynamic rating and routing paired with comprehensive schedule and benchmark data. Ÿ

Martin Hubert was born in Germany, He sold his first program at age 16, then went on and studied computer science. While at the university, He started a software company selling custom software solutions. After graduating with a Master and MBA he did a short engagement in New York, NY at a freight company whose president afterward offered me a job as Director IT. In 1994, his independent Internet quest began by founding a company that focused on providing track and trace capability over the internet through establishing EDI capabilities with carriers. We spun off Freightgate in 2000 with a vision to provide a focused platform that improves the life of logistics companies and shippers. Driven by a passion for innovation and never-ending improvements. Leading a team that strives to provide

August 2021

Any client experience you would like to highlight?

Several of our customers had tried to find solutions to their unique logistics challenges for years' w/o success; yet the Freightgate team was able to solve their logistics puzzle in creative, efficient, and scalable ways that now have them conquer new frontiers. Solving puzzles and brainstorming about efficient outside-the-box solutions that deliver unmatched innovation is the secret fuel that keeps the Freightgate team pushing the envelope.

4PAYMENT

August 2021

METHODS

Small Businesses Must Support

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mall business owners can boost sales by offering different payment methods to their customers. However, when it comes to selecting different payment methods, small businesses should consider transaction sizes, their accounting system, and who’s responsible for handling the payments. Let’s look at four payment methods that small businesses must support. 1) Check payments

Checks are paper documents that authorize the issuing bank to transfer money from your customer’s bank account to your business bank account. A check documents the payment date and amount and the payer’s bank account number and signature that authorizes the payment to the recipient. The use of paper checks peaked in the 20th century. However, they’re not as popular due to the global adoption of electronic payment systems. However, checks are still common for small business owners that own rental properties or small utility companies. As a business, you just need to have a business account to accept check payments. What’s more, many senior citizens are not comfortable with digital payment methods. As a small business, it’s important for you to support the aging demographic and accept checks from them. What’s more, void checks are also helpful as they have information to verify your account and details of which bank holds your account. Some uses of void checks are to set up auto-pay or direct deposits with employers, automate your loan payments, and set up automatic electronic bill payments. You can get a voided check by visiting your local bank or requesting one online using check printing software

August 2021

2) Card payments 77% of US consumers prefer to make their payments with a card, according to the 2017 TSYS US consumer payment study. Plastic has become the primary way of payment by US consumers, whether they use a credit or a debit card. Payment with the help of cards is convenient and can lead to a smoother checkout process. As a result, most US customers have come to expect that businesses will accept at least one kind of card payment. Card payments will benefit you if you’re a small business owner as well, as they’ll increase your customer base and will legitimize your company as well. What’s more, card payments get deposited into your bank account promptly, which may help in better cash flow management for your business. However, one caveat of this payment method is that small businesses may incur an additional cost in terms of transaction fees. When it comes to transaction fees for debit cards, the Durbin Amendment sets the transaction fee for debit carts at 0.05% of the purchase amount, plus an additional 22 cents. On the other hand, transaction fees for credit card payments do not have any such cap and can significantly impact your bottom line if you do not pass the expense to your customers. Payment Methods Sub 3) Payments by Cash When it comes to cash payments, consumers pay with bills and coins. Typically, small business owners manage cash payments Method with the help of a point-of-sale system. Until recently, cash was the primary form of payment for most businesses.

However, other payment methods have risen in popularity. The main beneﬁt of cash payments is that businesses will receive the money immediately instead of waiting for transactions to clear. Payments by cash also reduce overhead costs since there are no extra fees for receiving cash from customers. If you’re a small business with slim proﬁt margins, you should consider whether credit card fees will be expensive for you. However, cash-only businesses run a high risk of mismanagement of money or even theft. You may also lose customers who prefer to pay only using cards or other payment methods.

Online payments are the primary payment methods for a business that operates online. However, even brick-and-mortar businesses can offer online payments with the help of digital wallets or mobile apps that store debit and credit card information. Online payments offer a faster and cheaper way for small businesses to get payment, and they offer consumers a lot of convenience at the time of check-out.

4) Online payments

What’s more, credit card or cash sales may require you to calculate the total cost of a product, including applicable taxes. However, usually online payment methods do this calculation automatically, saving time and reducing the chances of human error.

Online payments are transferred electronically. They use payment gateways to authorize and facilitate several payments, including credit cards, direct debit payments, and eChecks.

While you may have to pay fees to accept online payment, such fees are usually more aﬀordable than the fees that are charged in the case of credit card payments.