article thumbnail

Wirex Rolls Out Beta Version Of Crypto Business Account

PYMNTS

Wirex, a cryptocurrency and fiat (real money) payments platform, is releasing a beta version of a regulated crypto-oriented business account, according to reports. The account will support both crypto and fiat payments, and users will be able to transfer funds using over the counter rates or using blockchain, SEPA or Swift.

article thumbnail

5 Ways Firms Can Support Entrepreneurs in 2024

CPA Practice

What’s more: 65% of them say a smaller tax refund this year would make it harder to start their business or side hustle. If you’d like to convert your individual taxpayers into small business accounting clients, consider helping entrepreneurial hopefuls fund their business idea with a bigger tax return.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Crypto Businesses Overcome The Challenge Of Getting Banked

PYMNTS

. “As in the current regulatory environment, these businesses have two sides requiring completely different mindsets,” he said. For Bankera’s account solution, it was important to include support not only for crypto transactions, but also for other fiat currencies that use traditional networks like SWIFT and SEPA.

article thumbnail

Justworks Secures $40 Million For Payroll, HR Solutions

PYMNTS

based B2B FinTech, has raised $40 million in venture capital, according to TechCrunch reports on Tuesday (March 6). In 2016, Justworks announced its entrance into the small business accounting and legal services space via collaborations with accounting and tax company inDinero and online legal services marketplace LawTrades.

payroll 40
article thumbnail

Suppliers’ Late Payments Woes Expand Across Borders

PYMNTS

Small businesses’ late payment pains know no borders. This week’s B2B Data Digest uncovers the global cash flow threat of extended supplier payment terms, with the matter reaching from the U.S. 91 percent of South Africa SMBs faced a late payment last year , according to research from small business accounting platform Xero.

article thumbnail

Scotiabank, Royal Bank of Canada Shutter Marijuana SMB Accounts

PYMNTS

Scotiabank and Royal Bank of Canada announced they will no longer provide banking services to these businesses and will close existing bank accounts for small businesses in the marijuana industry. One small business owner described the decision as “insulting.” Across the border, in the U.S.,

Account 69
article thumbnail

How SMB FinTech Firms Boost Data Sharing Without Open Banking

PYMNTS

As banks and other players develop custom APIs to facilitate connectivity, even when not legally mandated to do so, other companies are deploying another strategy. ” It was the latter for Wave, which recently acquired small business account and debit card solutions provider Every. But in jurisdictions like the U.S.