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Product pricing is the process of determining the cost of products you sell to consumers. When you are figuring out how to price a product for retail, you are facing a delicate balance — price your items too high, and no one will buy; price

Use our calculators to inform your pricing strategy, gauge profitability on your products, and gain insights into how your business is performing.

Counterfeit money is currency produced by someone other than the government intended to deceive the recipient into believing it is authentic. The Federal Reserve’s 2025 report estimates around $30 million worth of US currency (or 1 in 40,000 notes) is counterfeit. This is why learning

I list all the key events for your retail business in 2025 and provide a free retail marketing calendar template. Learn how to use it for your business. If you run a retail business, you know how promotion and marketing are key to successful events and

Selling on Facebook is easy using the Shops feature included with every free Facebook Business Page.

Wave is primarily an accounting software, but it also offers free invoicing, recurring billing, and online payment processing tools. It includes a free starter plan and offers a simple flat rate to accept credit card, digital wallet, and direct-to-bank (ACH/e-check) payments. Wave Payments is ideal

An OTB plan helps you have the right product quantities at the right time to maximize sales and minimize over-buying.

Shopify POS is one of the best small business point-of-sale (POS) systems on the market. It comes free with every Shopify ecommerce account, is user-friendly, includes inventory and customer management tools, and is particularly great for omnichannel selling. This article looks at how to set up

In this article, you’ll learn how to manage inventory using the Lightspeed POS system. Lightspeed is our top-recommended point-of-sale (POS) inventory system, best for midsize businesses with multiple locations. It has age verification tools, payment processing, and analytics reporting. This system is browser-based, so you

What is a virtual terminal? A virtual terminal is a secure, browser-based payment tool that lets businesses manually enter customer payment details, such as credit or debit card numbers, for processing. Unlike a physical card reader, it runs entirely online and requires no special equipment. This

Retail store inventory management is about stocking products buyers want, pricing and promoting to sell those products at a profit, and maintaining stock levels that meet demand without over-purchasing. As a retailer, you know that your merchandise is the crux of your business, so creating

In a nutshell, electronic fund transfer (EFT), sometimes called “pay by bank,” is a broad term used to classify all types of digital exchange of funds between two banks. While EFTs are generally slower to process than card payments, EFT payments (such as ACH and