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Facebook Is Taking On Amazon—And Other Small Business Tech News

Technology

Facebook Is Taking On Amazon—And Other Small Business Tech News

Here are five things about technology that happened last week and how they affect your business. did you miss them?

1-Facebook Pay Button will be available on online store in August.

Facebook announced last week — starting in August — that it would be expanding Facebook Pay to help support web-based purchases and transactions. Facebook Pay will now allow US-based customers. Shopify – Buy products from powerful businesses. Users can buy something using a saved PayPal account or card using the Facebook Pay button when they see the seller using the site. Previously, Facebook Pay was available through WhatsApp, Instagram and Messenger. (Source: Engadget)

Why it is important to your business:

In October, I interviewed Rich Raw, Facebook’s vice president of small business (you can hear the full discussion here), who said the company would significantly expand its eCommerce efforts. He wasn’t joking. Facebook competes against Amazon and other eCommerce sites and will be a great alternative to your products if you find your audience and customers active on the social media site.

2- QuickBooks introduces new hardware to improve the mobile payments offering for small businesses.

QuickBooks is introducing the QuickBooks card reader as unrelated payments have become more popular since the start of the pandemic. The QuickBooks Card Reader is a new payment hardware targeted at small business owners. (Source: Business Wire)

Why it is important to your business:

This is important news for QuickBooks users – this innovative tool will be integrated with QuickBooks Payments and the latest offering is designed to help small businesses make payments quickly, whether they work remotely or in the office. be.

According to an announcement made last week, PayPal has increased the cryptocurrency purchase limit to meet the rapidly changing needs of customers. In advance, a purchase limit of $100,000 will be offered to eligible and PayPal users based in the United States. PayPal introduced cryptocurrency capabilities in the United States in October last year and is actively working to understand customer needs to create a secure and reliable platform for users to check, sell, hold and buy cryptocurrency. Can you (Source: IBS Intelligence)

Why it is important to your business:

PayPal continues to expand its commitment to cryptocurrency. It’s something to stay here. We still ask our clients to be very careful in digital currencies – the most volatile markets. But I believe that digital currencies are the future and should not be overlooked as a viable option for making and receiving payments.

4 – Bill.com acquired Invoice2go, a leading accounting software for small businesses.

Leading cloud-based software provider Bill.com last week announced the acquisition of software company Invoice2go. Invoice2Go gives small businesses and individuals the ability to build their own brand, manage payments and invoicing, and expand their customer base. Through the acquisition, Bill.com will be able to provide businesses with a more robust accounting experience, enabling businesses to create professional invoicing, communicate with their customers, and more. (Source: Business Wire)

Why it is important to your business:

Bill.com is very popular for its payment account automation technologies. But the company always offers ways to streamline the recipients. Now the company is expanding its revenue range. Through the acquisition, Bill.com will be able to provide businesses with a more robust accounting experience, enabling businesses to create professional invoicing, communicate with their customers, and more.

5 – According to The Verge, these are the best free apps for video calling.

Web Technology Margin recently reviewed free apps for video calling and several chat apps with video calling capabilities, focusing on apps that allow more than ten people to participate and use them without having to download the app. Huh. According to Virgin, Zoom, Skype Meet Now, Cisco WebEx, Google Meet, Microsoft Teams, Google Dio, Star Leaf, Gitzy Meet, Ring Central Video Pro, Spike and Telegram are some of the best free apps for video calling. (source: margin)

Why it is important to your business:

You know a lot about these names. But you might not know many of these names. It’s always better to have alternatives, perhaps one of these sites more relevant to your way of business than what you’re currently using.

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