Today’s podcast talks about Payment Trends In The News, it’s 2022, and exciting things are going on in the world of payments! Innovations, new products, new laws that business owners need to pay attention to, and more!
B2B payments on credit cards and ACH are increasing and have been for the last few years! Stop waiting for that check in the mail and set up a payment portal.
More on products – look for same-day ACH to evolve; it’s not there yet, but it’s getting there, Push to Card/ Bank Account is getting HOT and is now ready to go for smaller opportunities like personal loan companies, rebate companies, and more! Get people their money faster – in less than an hour.
New laws and taxes. These stories have been around, but now many local TV and media are finally talking about it. $600 reporting rule for payment services, like Paypal, Venmo, Zelle, cash app, and more. Is it time to turn that side hustle into a real business?
Crypto is always in the news – it is always a hot topic on Twitter! The IRS will collect taxes on it – so talk to your CPA or tax professional. We have a great product that removes all of those headaches – check out npscoin.com.
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