Let’s put it this way, everyone owns a smartphone nowadays and a digital wallet can turn your phone into a convenient and secure payment tool.
By adding Jeton to their payment option companies are boosting their global reach. A single integration gives access to all Jeton features across the world.
The benefits of using Jeton for your business.
Improving your customer experience
We can provide an easy way to accept payments with straightforward settlement filer, effortless reporting and reconciliation. In today’s world customer experience means a lot and Jeton can help online businesses improve their cross-border settlements. With 24/7 account management and client support, we make sure we treat every business and its customers with the care needed.
Better protection and security
Jeton uses secure technologies with PCI DSS Level 1 compliance and 2 Factor Authentication such as encryption and tokenisation to protect sensitive payment data. You don’t have to worry about leaving your credit card in a physical location. You can. Lock your phone if you lose it.
Easy settlements and access to real-time data.
Jeton offers the ability to process and exchange between multiple currencies.
Are you ready to start accepting Jeton at your business? Jeton partners with business to make accepting payments safe and secure.
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Not saving enough
There is an old saying that goes: “If you make a lot, save a lot. If you make a little, save a little.” A big percentage of people are not saving enough and we know well that is full with unexpected surprises. Paying yourself should be your first priority when you receive your salary. Ideally, 10% to 15% of your income should be going into a saving account. If you are behind your funding goals, you probably should save even more.
Going without a budget
If you and your family want some financial security, budgeting is the way to go. A clear budget helps you understand your long term goals and work towards them. Budgeting also makes you map out your monthly or yearly goals, save your money, keep track of your progress and make your dreams a reality.
Building a budget forces you to take a closer look at your spending habits and focus on the things you really need.
Getting behind on your payments
When you fall behind on your bill or debt payment it can be an extremely stressful situation. Each month , your aim should be to make on-time payments in full because failing to do so will impact your credit score in the future. One way to avoid that is to enrol in auto pay or direct debit. This will save time, money and frustration.
You pay too many fees and subscriptions
When was the last time you made a check on your subscriptions. Are you paying for a gym membership that you don’t even use? Have you forgotten to stop that free trial? Take a look at your bank statements and note down the subscriptions you’re spending money on. You might find a service that you don’t use but you’re still paying the fee for.
Skipping the retirement savings
We don’t really think about retirement when we are in our 20s and perhaps even our 30s. But according to financial experts a person in their 30s has the tremendous opportunity to get the benefits of compound interest, where even small amounts invested can grow large over enough time. The earlier you start saving, the less you have to save.
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Life is expensive and often we face unexpected spendings that always seem to show up at the wrong time. But there surely must be a way to start investing without hurting your finances, right? Don’t worry, we have you covered. Here are some thoughtful ways to put away extra cash without breaking the bank, which will provide you with the opportunity to start investing.
Clear Off Your Debts
This should be your number one priority before you start investing.
Start Setting Goals
Start by making a budget and setting your goals. Putting everything down on paper and visualizing it can help keep you on track and prioritize. Once you have your income and monthly obligations down, you can figure out how much you can reasonably afford to set aside each month. Even if you have as little as $25 each month initially, it’s better than nothing.
Invest with Robo Adviser
If you don’t have a lot of money, robo advisors can be your gateway to the investing world.
A robo-adviser is simply an online investment service which typically asks you about 10-15 simple questions and then allocates you to a suitable basket of investments. And manages these for you on an ongoing basis.
The big plus for less confident investors is that you don’t have to pick all the individual investments – they do it for you. Simples!
Robo advisers are automatic service that trades stock for you. It is a much cheaper than the traditional financial adviser, and it also have lower minimums to start investing with.
Look Into The Real Estate Market
Nowadays, investing in real estate does not requre you to have a fortune. A new term called “Real Estate Crowdfunding” makes it easier to own a fraction of a property without the headache of being a landlord.
Real estate crowdfunding platforms give investors a piece of development deals for as little as $1,000.
It’s important to keep in mind that investing in real estate is inherently risky, and crowdfunding is still a relatively new concept. So you should proceed with that in mind.
Have a Retirement Plan
A key goal of saving and investing, even at an early age, should be to help ensure that you have enough money after you stop working. One priority in your planning should be to take full advantage of the inducements dangled by governments and employers to encourage retirement security.
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Before you start on your investing journey make sure you make an inventory of your personal finance. Consider your employment situation or whether you have a secure income. Review any debts before investing money, the last thing you want is loosing money you can’t afford.
Understanding the reason why you want to start investing is also essential.
- Do you want to invest for your retirement?
- Do you want a long term investment or a short one?
- Are you the only one with an access to this money?
Set up a cash reserve
If you want to get into the investing game you might want to have some savings. The money you put aside should be enough to cover you for at least six months rent plus expenses. That would put you on ease in case something happen with your risk type investment.
Get some time to learn about investing by reading books, blogs, watch YouTube videos and listen to podcasts. You might even consider taking an online course. We live in the information era where you can find everything for a given topic. The more you know the better!
Start a retirement plan
When you have your emergency fund all set up the first place to start investing is in your retirement account. It’s a type of a long term investment and can produce immediate tax savings.
There are many retirement plans, some are provided by your employer and other are individual retirement accounts. Make a research with the best options for you.
Terms you should know as an investor
There are many automated services that can help beginners start investing.
- Stock: A stock is a general term used to describe the ownership certificates of any company. A share, on the other hand, refers to the stock certificate of a particular company. Holding a particular company’s share makes you a shareholder.
- Bond: A bond is a fixed income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental). Bonds have maturity dates, at which time you can cash them in and collect interest money.
- Mutual Fund: A mutual fund gathers money from a lot of investors and invests it in assets such as stocks and bonds.
- Cash: Yeah, it’s the green notes in your wallet. But in portfolio terms, cash usually refers to CDs (certificates of deposit), money market accounts, or Treasury bills.
- Expense Ratio: You’ll see this term when it comes to mutual funds. “Expense ratio” refers to the expenses of owning a fund, including annual maintenance and administration fees, as well as the costs the mutual fund takes on for advertising.
- Price-to-Earnings Ratio: When looking at a stock’s fundamentals, the price-to-earnings ratio (or P/E ratio) is essential. It examines a company’s stock price as it relates to its earnings. A low P/E of 10 or less means the company isn’t doing so well. But higher is not necessarily better — a ratio of over 25 may be a sign that the industry is about to have its bubble burst.
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What is a business report?
A business report is an evaluation of a particular issue or financial operations that relate to the performance of a business. Its main purpose is to communicate relevant information efficiently. It is often written in response to an executive of the company, and often takes the form of a memo with the report attached.
How to structure a business report
Every business report should have the following elements:
Title – which should contain the title of the report, the name of the author, and the date. The report should be titled according to the given task.
Contents – If the report is lengthy, it’s good practise to include a table of contents. The table of contents lists the main topics the report covers and the page on which that information may be found. If someone is looking for specific information, he can go straight to the page that contains it.
Summery – The summary could be as short as a paragraph or as long as four pages, depending on the length of the full report.While the executive summary comes first in a report, it is written after the main part of the report has been written.
Introduction – The introduction sets the stage for what is included in the report. It highlights the major topics that are covered and provides background information on why the data in the report was collected.
Procedure/method/methodology – If you are conducting original research, include a section about your methods. This may be as simple as setting out the sources you are using and why you chose them. But it could also include how you have collected and analyzed the data used to draw your conclusions.
Findings – This part of the text should include all the relevant information, opinions, judgments, ideas, and the necessary facts and statistics to support the claims. The information in this part of the report should be divided into paragraphs and other logical parts, labeled by proper headings and subheadings. Most of the time, writing a business report requires prior investigation and research, therefore the resources of all the borrowed ideas, theories and insights should be properly acknowledged and cited.
Conclusion – The conclusion explains how the data described in the body of the document may be interpreted or what conclusions may be drawn. The conclusion often suggests how to use the data to improve some aspect of the business or recommends additional research.
Recommendations, the section where the author should suggest further actions for the company or department based on the research findings.
Appendices – If you choose to keep all charts, illustrations, tables, and so forth grouped together, they can be placed in an appendix at the end of the report. Supporting material such as maps, notes, questionnaires, or summaries of data may also go here. If you have several items appended, they would be headed as Appendix A, Appendix B, and so on.
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Net profit is the amount of money that is left after you subtract your total business expenses from your total revenue. In other words, it is a calculation that includes almost all financial transactions in your business. If total expenses and charges are greater than revenue, the business incurs a net loss, if expenses and charges are less than total revenue, it has made a net profit. Expenses are what the company spends.
The notable exception is tax – net profit does not include tax payments as tax calculations are based on a percentage of your net profits, i.e. the net profit figure is required before the tax calculation can be done.
A low or negative net profit is indicative of various issues such as fewer sales, poor management of expenses, poor marketing, ineffective pricing, poor customer service experience from employees and more. A high or positive net profit can be attributed to several favorable variables.
It’s important to note that net profit will vary depending on the industry you’re in and the company you work for.
How to Improve Net Profit
- Reduce overheads – reducing overheads can give you a one-off or an ongoing reduction in costs, depending on the overhead. Examples include saving on your telephone bills, travel expenses, staff salaries, and more.
- Reduce the cost of goods sold – this includes things like negotiating better prices with suppliers, making the manufacturing process more efficient, outsourcing, and more.
- Increase sales volumes – to spread costs in your business as far as possible.
How to Calculate Net Profit
There are various formulas you can use to calculate net profit.
Net profit represents the number of sales dollars remaining after deducting the following:
– All operating expenses
– Preferred stock dividends (but not common stock dividends)
– These are deducted from the company’s total revenue and provide net profit.
Why is net profit so important?
The net profit margin is important to evaluate in lending decisions because it effectively shows the firm’s potential net worth based on earnings. This has a direct effect on capital reserves, which means the higher the profit margin, the more likely the business will be able to remain resilient in periods of unexpected losses. As a business owner, net profit helps you to assess where you stand financially in comparison to other similarly related businesses.
We are thrilled for the new season that will bring Jeton and West Ham together on working to support their global communities. This new partnership will see the merging of both football and financial worlds.
This partnership will be building on our shared values – like us, West Ham have a relentless pursuit of excellence and are bringing people together. Jeton strives to be a leading international e-wallet for money transfers and purchases. We have a passion for football, as well as other popular sports, and we are delighted to be working alongside such a reputable football club as West Ham. And so we see the partnership between Jeton and West Ham as a natural bond between two organisations who share a desire to truly excite our fans, followers and customers.
Digital wallets are more integral than ever to football fans at the moment, wether it’s purchasing tickets online, withdrawing at millions of ATMs around the world or spending at matches abroad. As one of the UK’s leading money transfer and payment provider we can facilitate the financial operations that will enhance the fan’s experience day to day.
Our goal is to drive innovation in the financial services to positively benefit our customers, the fans, the club and wider community for future success both on and off the pitch.
For more information, please visit us at jeton.com
Jeton – a global leader in money transfers
Based in the heart of the City of London, Jeton is a global digital payment provider that allows you to securely pay online and transfer money around the world. Jeton offers Personal and Business accounts to customers and it features all major and local payment methods through one partner with a single contract. The focus is to transform a traditional way of money transfers, making it easy and convenient to anyone.
West Ham – a successful top tier English football club
West Ham is a professional football club founded in1895 in London, England. With their attractive style of play, claret and blue jersey and catchy anthem, West Ham United are certainly a unique beast in the football world. They have a reputation of cup specialist – in addition to winning a Cup Winners’ Cup in 1965, they have also claimed three FA Cup trophies. Since the early 50s, the club has been known as “The Academy of Football”, which many young and talented players through their ranks.
What is a Euro IBAN account?
For many people, “IBAN” is still a rather unfamiliar concept. However, if you are in need of doing transactions in Europe, then you certainly can not ignore what it is. IBAN stands for International Bank Account Number which is an international account number regulated by the European Committee for Banking Standards and the International Organization for Standardization (ISO), with the aim of limiting risks and minimizing fraud in money transfers within the European community.
The IBAN number is a 22-digit sequence of numbers. According to statistics, as of August 2017, there are more than 70 countries officially applying and using IBAN. The Euro IBAN account for individuals or cardholders is also known as Personal Account making payments in Euro currency. And it is only accepted through the SEPA Credit Transfer (SCT) which was introduced in 2008.
How to get a business account within a few hours
You may register in minutes without requiring any unnecessary documents and get approved within hours!
You need to follow only 3 steps:
1- Create a business profile: You may register a profile by entering your email address, creating a password, validating your phone number and entering the company profile information. By creating a business account, you can open an European account everywhere in the world. Not only can you make instant cross-border payments but also any companies or banks across the globe can fund your account in multi currencies.
2- Complete the application form: After creating a business profile, you should complete an online application form. Please make sure that you enter the authorised signatory name while confirming the e-signature on the form.
3- Upload the required documents: As the final step, you should upload the listed documents required from your company. Checking the documents list on this link might help you for a fast register.
Then our teams will check your application. Please be aware that our colleagues may contact you via email if they need more information to understand your business.
Once your application gets approved, which usually takes a few hours, the agreements will be ready on your dashboard for you to sign. As soon as the authorised signatory completes the e-signature on the agreements, EUR IBAN dedicated to your company will be ready on your dashboard. You may start using EUR IBAN immediately for your company’s pay-in and pay-out transactions within the SEPA zone.
If you seek any assistance during your onboarding, you may get in contact with the business team on the support link displayed on every step of the process. You may also want to have a look on our video showing each step of the registration process. We can’t wait to have you onboard with Jeton Business family!