An earnings withholding order is a court-issued wage garnishment requiring employers to withhold and remit money from an employee’s paycheck to pay a creditor for an unpaid debt. Some examples of such debt are past-due student loans, unpaid taxes, and other delinquent bills. (But what about spousal or child support? That’s technically an income withholding…
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What Is Dynamic Pricing? Types, Examples & Benefits
Are you looking to maximize profits? When used appropriately, dynamic pricing can help. If executed poorly, it can harm the customer experience and your brand name.
Dynamic pricing is a pricing strategy where prices fluctuate based on certain market factors, like demand, customers, or competition. The idea is that these price fluctuations maximize profits by capitalizing on changing market conditions. Unlike fixed pricing, which you see at grocery stores and boutiques and will adjust over time, dynamic pricing is much more…
19 Website Basics Every Site Needs (+ Free Website Checklist)
To set your site up for success, we put together a checklist of website basics foundational for building an effective website. Download our free website checklist and use it to ensure you have all the essentials covered. In this article, we cover key website basics such as picking the best website platform, key lead generation…
What Is Gamification in Retail & How to Use It
Gamification is the use of gaming elements and mechanics within sales and marketing to boost customer engagement and create buying incentive. Within retail, gamification can be used to attract new customers, strengthen relationships with existing customers, enhance the shopping experience, and increase overall conversion rates and sales. Retailers can use gamification in-store (with tools such…
What Is B2B Payment Processing? Definition, Methods & Trends
Business-to-business (B2B) payments are transactions between two companies, usually for the exchange of goods or services. They are often made through invoices and purchase orders and processed via check, ACH, or credit card. In this guide, we take a look at common terms, payment methods, challenges, and trends in B2B payment processing. Common B2B Payment…
What Is the 20% Pass Through Deduction (QBID) & Who Qualifies?
The qualifying business income deduction (QBID) lets pass-through entities take 20% off of their qualified business income (QBI); it essentially reduces the amount of QBI exposed to taxation. For the purpose of this deduction, QBI is the net amount of qualified income, gain, deduction, and loss from any qualified trade or business, including income from…
What AI Content Generation Is & 11 Ways to Use It
AI-generated content is any content generated by artificial intelligence (AI) technology. This can be in the form of text, images, video, audio, and code, and can be used for multiple purposes. AI content is created by AI tools receiving instructional prompts from a human user, scouring the internet for information on that prompt, and generating…
Payment Fraud: How to Protect Your Business
If you’ve lost money due to a chargeback, a fake invoice, or stolen credit cards, then you’re a victim of payment fraud. And you’re not alone. According to Sift’s Q1 2023 Digital Trust & Safety Index, fraudulent transactions cost businesses over $41 billion in 2022—a figure that is expected to increase by 17% in 2023….