To keep your cash flow happy, it helps to be able to receive payments as quickly as possible. That way if a customer buys a product, pays a fee, donates money or hires your services, you know the money will be sitting there in your bank account – not pending and, therefore, inaccessible. Customers want this too. 49% of Kiwis …
If you run a non-profit organisation such as a charity, sports club, or something similar, we understand cash flow is probably a constant concern. More and more Kiwis are choosing to buy and pay for their goods online. NFPs could learn a lot from this trend – Kiwis are doing everything online, and they want to donate to causes online …
As we’ve often talked about on this blog, there are many digital payment options available to businesses, schools, clubs and NFPs in New Zealand. Here at POLi, we’re one of them, and today we’d like to talk about how POLi works, what it does, and how secure it is. Of course, we appreciate our bias on the subject and understand …
When it comes time to reconcile your school’s bank balance with the financial ledger, it really is a lot easier if it’s, well, easier! Nobody wants to go hunting through paper trails and interview everybody in sight trying to figure out why the bank statements don’t match the books. For your legal obligations as a school, you’re going to have …
The education budget in New Zealand is good, but of course we’d all like it to be bigger. So, as someone looking to maximise cash flow for your school, what else can you do to optimise your fundraising opportunities? Here are some ideas as to how to motivate parents, guardians and even alumni to improve your school’s income. 1. Encourage …
In 2021, New Zealand e-commerce retailers were running full speed ahead to recover from the 2020 pandemic and build stronger relationships with their customers through social media channels. But now it’s a new year and the pandemic still lingers. People are working from home and many aren’t too keen on going into the shops. So, is this the year for …
A growing number of big companies are accepting Bitcoin and other cryptocurrencies as payment – including Coca Cola and Tesla. But they’re huge multinational enterprises. What about a typical Kiwi business? Currently only 2% of Kiwis use cryptocurrency to shop online, but it’s on the rise (Payments NZ Consumer Study 2020). Today we’ll discuss what cryptocurrency is, the pros and …
It would be ideal if charities and NFPs never had to run fundraising campaigns, just receiving the money they needed to do their good work. But, there’s a lot of competition for attention and a lot of people out there must think carefully when choosing whether to donate money or keep it for other purposes. So, as a charity that …
It’s common to believe that online shopping is only for the young, but this isn’t true. Indeed, around a full fifth of online shoppers in New Zealand are aged 60 years or older (NZ Full Download 2021). But, online shopping does often leave senior people behind. While you can’t assume all of your older customers will be the same – …
We know that most Kiwi sports clubs are community run. So, it might seem overkill to think about whether or not to invest in smart new technology for something basic that you’ve been doing for years – collecting payments. But, the reality is that because most sports clubs are small, volunteer-run organisations, the old ways of getting paid (cash and …
