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Business
Andreea Juganaru

Can You Pay Your Business Partners Through PayPal?

Partnering up is one of the best things you can do in business, and most times it works amazingly. However, when it comes to payments, most people seem to freeze a little. It’s all a series of how much, when, and what platform to use.  The most popular question is “can you pay your business partners through PayPal?” PayPal is a good choice in general, but it has its advantages and disadvantages, so let’s start with that. Advantages of PayPal Flexible payments This is probably the biggest advantage of PayPal. You are not only limited to the online wallet, but you can also use credit cards for payments. This makes everything a lot easier than using a regular home banking app, as everything you need is in that dashboard. Easy funds management As I mentioned,

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illustration of credit card and smartphone — bank transfers
Business
Andreea Juganaru

What Are the Different Types of Bank Transfers (And What The Best Option Is)?

In general, we refer to any bank transfers as “wire transfer” and it’s still one of the most popular methods of sending money to your business partners, employees or freelancers. However, there’s a little more to that.  In order for a transfer to go between banks, a certain amount of collaboration is required, and when we’re talking about international transfers, things are even more complicated. Let’s take a look at the different types of bank transfers, and also see what the best option is. The 4 Types of Bank Transfers ACH Transfers ACH are probably the most popular choice and it stands for “Automatic Clearing House.” This option is often used to transfer small amounts of money between accounts and usually take 3 to 4 days to arrive. Commercial Money Transfers In commercial money transfers,

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Business
Andreea Juganaru

How to Split Profits of a Collaborated Product in 3 Easy Steps with Shopify

Teaming up and doing business with your best friend, partner, or even investor is definitely awesome. You’re no longer alone in it, and there’s always someone to celebrate with. However, the problem comes when you start making a profit, so the profit needs to be split. But how?  It doesn’t just stop at 50/50 and every party is on its way. There are a few important steps you need to go through before you can actually split the profits of a small Shopify Business. 1. Discuss the Details With Your Future Partner Before you go ahead and start a business with someone, you need to talk and see how and if it’s going to work. You need to make sure you have the same vision, wishes, and that you can agree on a set of

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