The main goal for every novice businessman, in addition to making a profit and developing his own business, should be to learn the basics of financial literacy. This means not only calculating profits but also mastering budgeting skills, learning the basics of accounting, and monitoring innovations in legislation. Understanding and using the tools that make doing business easier is extremely important.
An online account is not only convenient – there are charges of legal restrictions on conducting transactions in cash or through an individual’s personal bank card. By and large, many entrepreneurs are gradually moving away from cash income and using non-cash payments. Going towards business, banks return quite democratic and affordable tariffs for servicing business accounts.
Can everything be done for free?
Opening an account through the website of a bank or other financial institution does not require presence. A businessman must fill out a special registration form and pass a verification check. Then the bank’s specialists contact the client and agree on the terms of cooperation. Company in the shortest possible time becomes the owner of a payment account. Any questions that arise are resolved quickly via the feedback form, by phone, or by email.
After opening a payment account online, wide prospects open up for entrepreneurs:
- Removal of restrictions on work with finances.
- Expanding business opportunities.
- Internet banking Increased mobility and versatility.
- Reducing banking costs.
- Transparency of doing business.
- Facilitate access to bank loans.
- Possibility of issuing corporate cards.
- Opportunity to participate in tenders and public procurement.
Although the business model may differ in each case, all of the benefits listed will positively affect the work of any company.
Open a business account with Collect & Pay – firstname.lastname@example.org
Disclaimer: The article is meant solely for educational purposes only. By viewing any material or using the information on this page you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content. Collect & Pay Ltd is authorized by the financial regulator of the AIFC, Astana Financial Services Authority (“AFSA”), to conduct the activity(-ies) of Providing money services in a testing environment of FinTech Lab* (AIFC regulatory sandbox) under the Licence No AFSA-A-LA-2022-0023 with no expiry date. The status of the licence and its validity may be verified at the AFSA website (www.afsa.kz).
The Collect & Pay Ltd. has also a registration at FinTRAC – MSB Registration System (Canada), the validity may be viewed at the FinTRAC website (https://www9.fintrac-canafe.gc.ca/msb-esm/)