Understand Car Financing and Get the Car You Have Always Wanted

If you are considering buying a car, then you know the first thing that comes to mind is how much the car will cost. Cars can be a significant investment, depending on the model you plan to purchase, so careful planning is necessary. Buying cars from a new car dealership means that you may have to spend more money for the vehicle you like. If you do not have enough money, then you should consider car financing in order to reach your goal and get that car. Car financing includes many factors, which makes it a bit hard to quantify. There are many things involved, including the price and the type of car you intend to buy. However, there are different packages available so you should check out a few options first before picking the best one for you.  

Which Course to Take for Car Financing

Car financing involves several things and many people do not have the proper knowledge about it. There is a lot of paperwork involved and you may be overwhelmed if you do not know where to start. You need to be a financial expert in order to understand everything it involves, so it is better to leave the details to someone skilled and knowledgeable in that matter. That is where car finance brokers come into the picture. You should always use the services of a car finance broker, because they can assist you in everything you need to get your financing. They will take care of all the formalities for you, so you can secure the car loan you need.

You do not have to use the services of a broker if you do not want to, but there are benefits in doing so. For example, it is a great option for people that are self-employed. Most self-employed people cannot provide good profit figures or documentation to meet the requirements of the financial providers. However, if you use the services of a car financing broker, he will be able to find financial institutions that can offer you great terms for car financing. They can also negotiate various deals on your behalf, so you would have nothing to worry about.

If you do not want to use services of a car financing broker, then you can get car financing online. If you use this option, you can go online and check the terms of different financial institutions to see what they offer. You should carefully read all terms and requirements in order to get a clear picture of what kind of deal you will get into. Fortunately, you have many online tools available that can help you get a good perspective and proper understanding about the various options. There are some pretty good car finance calculators with which you can calculate how much you will be paying for the car each month and how long will it take to repay the car loan.

Best Payment Processors for International Businesses

There are several payment methods available at your disposal for international businesses. So, how to you decide which is the best payment option to use for your payment processing? While most payment processors these days allow you to capture payments from across the globe, some do have extra features. It’s a good idea to make sure the payment processor you are using allows payments from all countries and converts the funds for you automatically in real-time.

What is a payment processor?

A payment processor is a bridge between the two clients or two money exchanging authorities who handle the transaction. They handle the monitory transaction by collecting information from banks or credit cards and then depositing and crediting the money in the account of the second party. The traditional process consists of the following:

  • The customer or someone who pays the money
  • The merchant or the authority where money has to be deposited
  • The payment processor which handles the above transaction
  • A secured server through which your bank details are protected
  • Credit/debit card of the bank or company from which payment has to be processed
  • The business bank

There are several parties and authorities involved in the processing of an international payment, which is why you should choose the right gateway. Here are the most common options to consider.


This is by far one of the most used and widely trusted payment processors for any sort of payment. They are the premier payment option available in more than 200 countries, covering the complete globe. PayPal handles 26 different currencies and the name alone gives customers instant trust.

“PayPal is a trusted name, and if you are dealing with international customers there is a good chance they have never heard of your business before. By using PayPal they know their information is safe and the purchase is protected. It’s a great processor to use to give you instant credibility,” says Dana VanDeCar, COO of Optimally Organic.


The feature that has made this payment processor popular is their end to end service. They will complete your entire billing processes, the handling of the invoice to payment collection. This service is very appealing for freelancers, small-scale businesses and companies working with international clients.

Other services that are offered by this option is time tracking, schedule management, automatic invoice generation, etc. The unique feature about this gateway is that you can choose invoice options in more than 100 languages, which make it a great international option.


If you talk about one payment processor that can meet all payment requirements, Stripe is the leader of the category. This payment option is developed with simplicity in mind. Users can get set up and start accepting credit cards within minutes.

For this service, they charge a fees of 2.9% of the transaction and 30 cents per transaction. “The great thing about Stripe is that it integrates with almost every CRM and online tool you could imagine. No matter what invoicing program you use or customer management tool, you can be certain that Strip will plug right in,” says Darryl Howard of NuWays MD, a medical spa in Boca Raton.


This gives you the ability to convert your phone into a payment processor, which is great for those on the go and not tied to a physical or e-commerce store. This is possible with their magstripe reader and contactless chip reader, which turns your phone into payment processor. This will enable you to accept payments on the move at any place and at any time in-person.

“Not only are transaction rates generally lower when you physically swipe the card, but the risk of fraud decreases tremendously as well. If you have the ability to take cards in person, Square is a great option,” says Luqman Khan, founder of Wireloo, a website that just announced the best grill pan 2018 award.


As the name suggests, this international payment processor is used for accepting bitcoin and cryptocurrency payments. They also give you the option to convert your bitcoins into 9 different types of currency in 38 different countries.

“With the popularity of cryptocurrency internationally, this is a processor to consider if you have a customer base that is adamant on using the currency,” says Jake Braun of ChopperExchange, a website that helps you determine what is your Harley worth. Bitcoin and other cryptocurrencies are very shaky right now, so more traditional payment gateways are the way to go right now.

A Guide To Money Counting Machines And How They Detect Counterfeit Bills

The majority of banks and companies are constantly searching for counterfeit currency.  Unfortunately, the volume of counterfeit bills available makes it impossible to check the currency by hand, and make fake bills will pass by undetected.  Luckily, various security features can be implemented into the manufacturing and printing of modern paper currency. In today’s society, money counting machines employ numerous counterfeit detection technologies to effectively identify counterfeit bills before they can enter the financial economy.  This article will discuss the three most popular money counting machines detecting counterfeit bills.

  1.  The Ultraviolet Detection Machine

The majority of countries nowadays, including Canada, the United States of America, and the United Kingdom, utilize inks containing ultraviolet fluorescent phosphors when printing paper currency.  For example, all paper currency in the US contains a vertical florescent stripe that is invisible to a person’s eye; however, it will glow brightly when placed under ultraviolet light. The UV light is one of the most commonplace options to detect counterfeit currency.  It is utilized in money counting machines because of its affordability, simplicity, and effectiveness. Replicating these UV features is complicated, but it is not impossible; therefore, while UV lights are excellent detection method they cannot be considered 100% effective for counterfeit bill detection.

  1.  The Magnetic Detection Option

In addition to the ultraviolet detection machine, the majority of nations introduce the use of magnetic inks in paper bills.  The money counting machines equipped with magnetic detection scan each of the bills for the magnetic elements in the iron particles of the ink dye.  Similar to ultraviolet, magnetic detection is effective; however, it does have certain disadvantages.  Certain counterfeiters have identified methods of utilizing magnetic ink printers to fool these detectors.  Furthermore, the magnetic elements in the currency can degrade over time with constant usage; thereby, resulting in real currency being identified as counterfeit.

  1.  The Infrared Detection

Not as common as the above types of counterfeit currency detection techniques, the infrared detection option involves the use of infrared inks that are extremely complicated for counterfeiters to replicate in bills.  Bills printed with infrared inks can reflect or absorb the infrared light; however, a coin counter machine with infrared technology will utilize sensors that detect the presence of these inks allowing the machine to identify counterfeit currency from legitimate bills.  

The less commonly used currency security technology used to detect counterfeit currency is color-image sensing, infrared thickness technology, watermarks, metal thread coding, paper composition, and various other methods.  For many companies, however, the utilization of three or more of these detection methods will prove to be both cost-effective and highly effective.

3 Tips for Getting Quality Motorcycle Insurance Without Breaking The Bank

To legally be on the road, you have to have insurance for your vehicle. And while insurance can be more or less expensive depending on where you live, it can also be more or less expensive depending on what type of vehicle you’re driving. Generally, riding a motorcycle can cause you to have higher insurance rates that driving just your average car because it’s considered to be more dangerous and puts you at higher risk. So to help you be able to get the motorcycle insurance you need without having to spend an arm and a leg every month or year, here are three tips for getting quality motorcycle insurance without breaking the bank.

Take A Motorcycle Training Course

To help reduce your costs and to keep you safer when on the road, DMV.org recommends enrolling in some type of motorcycle training course before you apply for motorcycle insurance. In these courses, you’ll learn how to safely ride your motorcycle on the road, which may make your insurance carrier see you as less of a risk to insure. Keep in mind, however, that many insurances will only give you this benefit once every few years, so you might want to keep going to these courses regularly if you’re wanting to keep these benefits as an insurance discount.

Keep Your Bike Safe

In addition to making sure that you’re always safe when you’re riding your motorcycle, it’s also important that you know how to keep your bike safe when you’re not on it. Especially if you’re wanting to get insurance coverage for if your bike gets stolen, you’re going to want to show your insurance carrier that you’ve been doing everything in your power to keep your bike safe. To help with this, Bobbie Sage, a contributor to The Balance, advises that you share with your insurance carrier that you park your bike somewhere safe when you’re not riding it, like a garage. You might also want to get an alarm to help you further secure your bike when it’s parked.

Join An Association

According to NerdWallet.com, joining a motorcycle riders organization may also be a way for you to get some savings on your motorcycle insurance. There are quite a few different organizations out there for you to join if you’re a motorcycle rider, so do some research about what organization might fit best for you and what’s going to be approved with your insurance provider. And once you find one that fits both requirements, join so that you can save yourself some money as well as make a few friends in the process.

If you’ll soon be getting a motorcycle and will be needing insurance, consider using the tips mentioned above to help you learn how to save a little money on this purchase.

How Social Payments Are Transforming Financial Transactions As We Know Them

In honor of arrival of the Year of the Dog in February, I sent my nephew in China a gift of money through a chat app on my phone. He pocketed it happily, using the same app to express his appreciation, thanks and best wishes back at me for the new year.

It was another day, another dollar, as they say, or the everyday sort of transaction that people in some countries like China don’t think twice about. For people in most Western nations, though, this sort of payment system is still something of a curiosity.

That’s changing fast, though. And as the social sharing economy continues to evolve, look for such peer-to-peer transactions over people’s social feeds to become the norm. It quite possibly may disrupt the traditional banking system as we know it.

Venmo, PayPal’s free digital wallet, was an early player in Western economies, launched in 2009, but really taking off in 2014 as Android Pay and Apple Pay made their much vaunted debuts. Other entries since – Facebook Pay, Google Wallet, Square Cash – speak to a concept whose time has come. Case in point: Venmo handled $17.6 billion in transactions in 2016; that almost doubled to $34.2 billion last year.

If there’s a model for the rest of the world to follow, it’s China’s. Its system was a response in a country that had no credit card use, and whose banks were inefficient and underused. In less than 10 years, two rival payment services, Tencent’s WeChat and Alibaba’s Alipay, have transformed China’s financial ecosystem by making mobile payments – especially social mobile payments – an easy and accessible option.

As social payments continue to catch on in the U.S., the U.K., Canada and other nations, it’s moving us ever closer to becoming cashless economies. In fact, Sweden may be an example today of how we’ll all be operating in the not-to-distant future. A mere 1 percent of the value of all payments made in Sweden are in coins or notes. Its citizens live for their bank cards, but over half Sweden’s population depends on the leading social payment smartphone app, Swish.

It’s not just the world’s more privileged societies that stand to benefit from this evolving financial ecosystem. Social payments stand to bring much needed financial services to countries with significant populations of unbanked or underbanked people. Financial inclusion, of course, is key to lifting them from poverty.

Even if traditional banking services aren’t available to such populations, mobile phones increasingly are. Their pace of adoption is on a positive trendline, at 37 percent of the populations of underdeveloped economies.

Not surprisingly, both Tencent and Alibaba affiliate Ant Financial (formerly known as Alipay) see an opportunity to make inroads in countries where people may be unbanked, but not unphoned. Both are moving aggressively in Southeast Asia as part of that quest; at the end of last year, the Alipay service reportedly had 280 million users of its four local payment platforms in Thailand, India, Hong Kong and the Philippines.

The sharing economy is real and expanding rapidly. By 2025, a PricewaterhouseCoopers study found, spending in the five components that comprise it (travel, car sharing, staffing, streaming and, no surprise, finance) may hit $335 billion – or half of total spending in those areas.

It’s not just social payments that will help to reshape the financial sector. Cryptocurrencies like Bitcoin will be another facet, a means for settling payments directly and without much hassle or effort.

Either way, though, if this new social order we’re developing can advance those who currently have no access to things the rest of us take for granted like financial services, then it’s all to the good.

Finding a Solution for ‘Unbankability’ through Blockchain

TORONTOFeb. 28, 2018 /CNW/ – A Change.org petition has been launched by Toronto’s Bo Zou as a means of securing buy-in and, ultimately, funding to counter an issue that plays a significant role in global poverty: a lack of access to banking services.

“Financial inclusion is critical in order to reduce poverty,” says Bo Zou, a specialist in customer experience strategy and design who has worked extensively in financial services. “This shouldn’t be happening in the 21st century. But technology may pave the way to effecting change.”

Lack of access to banking services puts the gap between the world’s haves and have-nots in sharp distinction, Zou points out. Most adults (94 percent) in OECD high income countries have bank accounts, but only 54 percent in developing countries do, with the lowest proportion in the Middle East at 14 percent, according to World Bank data.

The outcome is a reduced capacity for saving to create a cushion to help finance an education, business or home.

Read the full press release HERE.

How to get the best foreign exchange rates for your business

If you carry out business transactions with countries other than your own, you’ve probably come across the phenomenon of exchange rates. You are likely to have had to deal with small losses when converting from one currency to another, and sometimes it’s just a fact of life. But luckily, there are ways to deal with the problem. So, what exactly are exchange rates, and how can you find the best deals?

Understand how they work

Before you can hunt out the best rates and get good deals as part of your financial planning, you need to understand how the exchange rate mechanisms work. Firstly, it’s important to remember that governments around the world often take actions that affect their currency exchange rate. In addition, factors outside the immediate control of governments also cause movements in rates. For example, the exchange rate a country’s currency has against other currencies is linked to the rate of inflation in the country, as well as interest rates and unemployment figures.

Keep an eye on the news

Once you get a feel for what factors can affect exchange rates, you’ll be able to pinpoint times when they’ll work in your favor. Ideally, you will be able to time your transactions so that they occur at those times. For example, if you’re aware that there’s a push on domestic exports at the moment then there’s a good chance exchange rates will be lower – and if that benefits you, it may be time to strike.

Use an online resource

As foreign exchange rates are constantly fluctuating, you will need an up-to-date guide that helps you to pinpoint the exact figures you want to transfer. A currency’s valuation is determined by how much money is flowing in and out of a country, and there will be a matrix of socio-economic factors impacting on rates. With Brexit making its mark in the UK, the pound sterling is a great example of a dominant currency undergoing volatile changes. So, to obtain a favorable exchange rate for a US to UK money transfer in the current climate, it’s wise to use a reliable online foreign exchange resource.

Manage risk

Whatever happens, foreign exchange rates are likely to provide some uncertainty for your business. Nobody knows what’s around the next corner, but everybody can plan to cover themselves whatever comes their way. For that reason, why not set a budget at the start of the year to cover foreign exchange fees? By setting aside enough cash to cover the worst-case scenario, you’ll be able to relax safe in the knowledge that you’ve planned for the fees – and if rates turn out to be better, you’ll have a nice cash injection for your business once the year has ended.

Even if you’re a business-savvy person running a successful company, exchange rates can still seem complex and intimidating. Luckily, there are plenty of ways you can work this mechanism to your advantage when carrying out business transactions: with a bit of strategy and knowledge on your side, you’ll be able to find the best deals and secure attractive rates.


RRSP.ORG Registered Retirement Savings Plan

Registered Retirement Savings Plan – RRSP.ORG the original website that best describes everything you wanted to know about Canadian registered plans and schemes has taken a turn for the best. The information and knowledge base on RRSP.ORG is more than ready for change and a complete overhaul.

MONEY.CA the leading Canadian money and personal finance website has acquired the aging website for all the right reasons. RRSP is just one of many keyword subject sites that most of Canada wants and needs. For over 20 years this small and meaningful site providing news and information in the world of Registered plans for Canadians has now been taken over by people who know and care dearly about the subject matter and the benefits and advantages it brings to Canadian’s, the government and the country as a whole.

Look forward to the changes and updates as Canadian financial consumers will learn how to make, save and preserve more of their hard earned wealth. The advisor channel is more than welcome to contribute news, information, stories and articles that make sense and pays dividends to the average Canadian.

Top 6 Benefits Of Online Installment Loans

Finding the best and the most suitable loan is always a cumbersome process for most people in need. There are many banks and companies offering loans through some schemes or other. However, finding the right loan is never an easy task. There are numerous things to compare between various loan options and in the end, the borrower reaches an end of thinking capability and chooses the option which appears easiest to him. The borrower doesn’t often understand the entire pros and cons of a loan type because in most cases the representative from the loan company tries to abstract all essential details and presents only the lucrative part to the customer. That’s one of the main reasons behind a gradual shift of loan seekers from offline to online loans. These days’ online installment loans are increasingly taken by borrowers and in this article, we present to you the top six benefits of an online installment loan.

1. Better than traditional borrowing options

Many people rely heavily on credit cards for dealing with the financial crunch they are in. Credit cards charge a higher rate of interest in lieu of the credit amount they offer. You may think it’s always better to have an option of credit and repay it back when you get your payment. This can keep continuing but the point is you end up paying an annual fee and a higher interest rate in the end. With an online installment loan, you can choose the number of installment and complete your loan installments at lesser rates.

2. Don’t fall into a debt cycle

Sometimes people take a loan and exhaust the entire amount before they could pay the loan premium amount. This leads to either a penalty or forcing the person to take yet another loan to come out of the financial burden. When your expenditures and methods of loan amount repayment are not defined, there are risks of falling into a debt cycle. With an online installment loan you know your loan tenure and during the application process, you can set it to a value you are comfortable with. Thus risks for falling into a debt cycle are lesser.

3. Online installment loans are available as unsecured loans

While considering the option of online installment loans many people would definitely like to know if they can get the loan amount as an unsecured loan amount. There are wide varieties of options available for both secured and unsecured loans. You don’t have to risk your car or home. Getting an unsecured loan requires one to have a decent credit score though.

4. Quick funding

Online installment loans are quick and easy to obtain than any other form of a loan. The application process is online and hence you can save yourself the time and effort of going to meet someone in person. The credit is made available to your account very soon. Once your loan is approved, the loan amount is credited within a day or on the same day itself. Further, it is easy to track your application and request status online too.

5. Multitudes of options

The advantage of an online installment loan is that it can cater to the needs of a borrower at any part of the country. The bank or the online lenders doesn’t require a physical presence everywhere. This increases the number of options to consider.

6. Easy comparisons and much more

In an online installment loan, you can do all the comparisons you want in a private mode. Generally, with traditional options, the executive you talk to does not give you all the hidden details. In an online mode everything is present and available right in front of you and making comparison becomes easier for you as a borrower.


In the end, you should always choose a loan option with a calm and composed mind. Above benefits make online installment loan as a top choice. The lenders or the loan giving companies might advertise their loans as the best ones but you need to do your research well enough and make a wise decision.

Understanding the Differences Between Financial Advisors and Brokers

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As a fee-only financial advisor, I am surely biased to this type of advisor. I do think everyday investors are much better off if they have someone in their corner who is recommending a particular investment product because it actually is the best product for them, given their circumstances and life stage. Not because there’s a commission on the sale at the end of the day.

That doesn’t mean, though, that you shouldn’t be mindful of possible issues – and that’s for any financial advisor, whether fee-based or full-service brokers. For that matter, you also should be mindful of potential drawbacks to other options that may seem (superficially, at least) appealing.

Let’s look at the options.

Fee-only financial advisors are considered advantageous because there’s no inherent conflict of interest as there can be with full-service or commission-based brokers. Brokers often recommend investments owned by their company, which is an inherent conflict.  You simply have to consider whether the products recommended are going to be best for your personal financial goals.

What you pay for is financial guidance, planning and assistance. This may be a flat fee. Some advisors charge a percentage of your account’s assets. You may be able to negotiate the amount. But, the fees you pay do not fluctuate according to the type of investments that are being recommended. What you get with this approach is objectivity and investment advice that’s unbiased. Your interests and your advisor’s are aligned.

The commission-based approach to financial advisory services is less the norm today than in the past. You open an account or buy a stock or bond and your advisor gets a percentage. Recurrent trading may also be encouraged – which may not be good for investors with a longer-term perspective. This all can pose a conflict with your best interests and goals.

And on the do-it-yourself front? Well, as attractive as this might sound on the surface, consider the relevance of the saying about the attorney who represents himself. For investment purposes, you might find good information online, but it’s just as likely you’ll find speculative information, if not real fake news. Investing is a risky business; if you don’t have the time or the expertise to do an adequate job of qualifying research, get a professional to help. Your future – financial and otherwise – depends on it.

Speaking of your financial future, it’s never too early to start planning for it. That means Millennials – and even the oldest Generation Zs who are just entering the workforce – should be putting money aside as they think about their long-term financial goals. It’s a challenge, of course, especially for those who are still trying to pay off college. Retirement is maybe too much to think about, right?

With that said, I’ve developed a service package to make it less painless. My new Robo-Advisor Professional service package is specifically targeted to the needs of Millennials and utilizes an in-depth financial data collection sheet, as well as a plan discussion with myself, to collect essential information about your financial background and goals.  This provides a strong base of understanding for clients to invest in ETFs through WealthSimple with a superior portfolio manager with a track record of beating the index.

ETFs are ideal for those with more limited resources, as a “wrapper” around a group of securities. They have a cost advantage over individual stocks and can be traded commission free. They’re similar to mutual funds, but with more flexibility as they can be traded throughout the day, not just once.