Worth pulling a few months of statements and counting the fees against the transactions. For card fees, divide total fees by card sales. That's your real rate, whatever the ad says.
https://t.co/bLyJbaBuqa
CommBank allegedly overcharged tens of thousands of business customers without properly disclosing those fees, according to ASIC.
https://t.co/fIJ1z7DItb
Good excuse to check your Velocity balance. If you run a business, your Visa and Mastercard sales can top it up: 1 point for every $25 with FairPayments.
https://t.co/SWbaHaGHw8
If you run a business, your card sales can chip in for that fare. With FairPayments, every $25 of Visa or Mastercard sales earns 1 Velocity Point, so $100,000 in jobs over a few months earns 4,000 points. https://t.co/xcI328ci1E
How much money do you actually have to be to only fly business class, return to europe is genuinely $40k for two people.
Deadass have to have like $5m+ for it to make sense no?
Actually outrageous for like 12 hour flight I dont understand it but maybe im just too poor.
Nice upgrade for anyone flying Virgin out of Perth or Brisbane. If your business earns Velocity Points on card sales, they can go towards trips like that.
🔴 Virgin Australia has revealed plans for a new era of airport
lounges, including the re-opening of the airline’s invitation-only Beyond Lounge in Perth and a major refurbishment of its Brisbane domestic Lounge.
Virgin Australia is expanding its Brisbane Lounge and reopening the exclusive Beyond Lounge at Perth – here are some BNE preview pics, with full details at https://t.co/9OsfFDI1mQ @BrisbaneAirport@PerthAirport#PaxEx
Fair to say your card machine works harder than anyone in the shop. With FairPayments, it can earn your business Velocity Points too. https://t.co/qg0Vfd69N6
@Mentormania@TheShovel That's worth a call to CommBank. Fees on some plans changed from 1 October, so if yours haven't moved, ask them to review which plan you're on and compare it against a couple of other quotes.
Another rise is a good nudge to check the costs you can actually change. Card fees are one of them, and last month's statement will show if you're paying more than you should.
$11,750 a year. That's the gap today's rise opens between an Aussie and a Canadian small business carrying a $500k loan, on the cash rate alone. 4.85% here, 2.50% there.
Against New Zealand at 2.75% it's $10,500.
Our owners are sailing the same race with a heavier boat.
Points on card sales aren't only for big business. With FairPayments, a local workshop or trade supplier earns Velocity Points too. See your month: https://t.co/3T0aDM3bs0
Worth asking for a few months of card statements alongside the P&L. Card fees are easy to miss, and they're one of the easier costs a new owner can change.
Small business in Australia is doing it tough right now.
If you're thinking about buying one, you need to understand why.
It's not one thing. It's a few things hitting at once.