business account
Business services
What is a local IBAN and why does it matter for your business?
An IBAN, also known as an International Bank Account Number, is a tool that people and companies widely use to receive or send money to different countries. An IBAN format is an internationally agreed-upon format that consists of up to 34 letters and numbers, helping banks ensure that international payments are processed correctly. Each set of characters represents a different detail of your account number, including country-specific specifics. So, what are the pros and cons of a local International Bank Account Number, and does it really matter? Spoiler – it does, for some banks and clients at least, but for
Business services
Ecommerce checkout optimization: boost conversions with these best practices
The topic of ecommerce checkout optimization is always relevant for merchants, as it quite differs from brick-and-mortar stores and their checkout processes. After all, many ecommerce websites face high checkout abandonment rates nowadays. According to the data collected by the Baymard Institute, 70% is the average documented online shopping cart abandonment rate. In other words, ecommerce businesses lose revenue because people fail to complete the purchase after they add items to shopping carts. So, how do you reduce the checkout abandonment rate and improve the payment process for clients? We will review the most common mistakes when it comes to
Business services
Best bank for new businesses: everything you need to know
Finding the best bank for new businesses is one of the significant challenges for any start-up or emerging small business. We’ll be looking at the main reasons you must be careful and thorough when choosing a business account. It will ensure that you get the right financial partner for growth that offers good financial management and transaction efficiency, among other benefits. Why it matters to pick the right business bank A business bank account must meet a small business’s needs to be effective. It means reasonable monthly fees, good customer service, and a range of business-focused products. Business banking services