The Payment Source Blog

The dreaded budget! As a store owner you’re doubly challenged by this difficult and sometimes frustrating task balancing both business and personal finances. We all know the tips and tricks;

• Price comparative shopping
• Use software to help track budgetary items
• Use cash for purchases and avoid unnecessary debt

The use of cash is a tried and true method for sticking to a budget. With online shopping nearly doubling during the pandemic (see source), a number of people are treating prepaid cards as a proxy for cash when shopping online, which can be very helpful!

Online Payment Products (OPVs) are one of the fastest growing products in the Canadian market and demand from consumers is continuously on the rise (see source). Although many Canadians have a credit or debit card, not everyone is comfortable with using them online. That is why this emerging product category is growing in demand, providing customers with alternative ways to pay online. Having Online Payment Products available at your store offers a new revenue stream with repeat business opportunities. 

As 2021 starts to pick up, we begin to plan for the year ahead. Every year, millions of people make New Year’s resolutions (see source), hoping to spark positive changes in their lives, however according to a study published by the Journal of Clinical Psychology, only 46% of people who made New Year’s resolutions were successful (see source). One of the most common resolutions each year is to ‘get organized’ and with the PaySimply mobile app, you can manage and pay your taxes online, so that you never forget a tax payment again. 

Tis’ the season for family and friends, the time of the year for large gatherings with loved ones. However, the holidays will be very different this year as the pandemic continues and health officials asking Canadians to limit their travels (see source) and avoid contact with others (see source) As a result, many Canadians will not be seeing their family or friends over the holidays, which can mean a very lonely time of the year for some. 

It’s less than two weeks till Christmas, and many people have been struggling to find the perfect gift. It is not always an easy task, especially during these unprecedented times with many holiday shoppers trying to avoid crowded malls. There are some very organized shoppers who started their holiday shopping early, and are currently sitting by the fireplace, drinking their hot cocoa with giant smiles on their faces. But not everyone is as organized, many leave their holiday shopping till the last minute.