Thursday, March 19, 2020
Michael Nardy, founder and CEO of Electronic Payments, disclosed March 17, 2020, that his company will waive certain fees and charges to help merchants obtain emergency funding during the global pandemic. Describing merchants as the lifeblood of his business, Nardy emphasized the need for service providers to support business owners during this difficult time.
“Their business, literally, is our business,” Nardy stated. “While merchants will still pay normal processing charges, other reductions in the cost of doing business will help. If we can all take small steps to reduce the burdens on obtaining capital or waive certain fees and charges during this unprecedented experience, our entire economy will be better for it and SMBs can thrive once this crisis passes.” More information about the company’s relief efforts can be found at www.electronicpayments.com
“The next two to three months is an ideal time to focus on business,” Talapan said during the March 18, 2020, call. “This is a time to review cost structures and revenue drivers. The best way to protect our businesses is to stay healthy and positive.”
Craciun agreed, pointing out that video is a valuable resource that can help people stay connected during times of self-isolation. “Get a free video account and get comfortable using the medium,” he said. “It’s a valuable communication tool that can bring people together, not for selling but for talking, sharing and supporting each other.”
Womply, a software-as-a-service provider, is conducting ongoing, daily data analysis in an effort to help local business owners quantify the impact of COVID-19 on their communities and across the United States. The reports aggregate transaction data, substantiating what many consumers and merchants are seeing firsthand, according to company representatives. Following are highlights from last week’s reports:
Womply will furnish additional analysis and updates at www.womply.com/blog/data-dashboard-how-coronavirus-covid-19-is-impacting-local-business-revenue-across-the-u-s/
Editor's Note: Join The Green Sheet in celebrating acts of kindness and leadership. Share your insights at email@example.com, and please continue to submit your news to firstname.lastname@example.org.
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.
Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.