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Posted by Edward Tirrell on

How to Set Up BlueSnap – The Perfect Solution for Ecommerce

Quick and Easy Guide to Start Using BlueSnap

Ecommerce is growing rapidly and so are the different payment options for customers. But with so many choices, how do you know which one to choose? There’s a company called BlueSnap that might be perfect for your business! In this blog post we’ll show you 10 steps that will help set up the perfect solution for your ecommerce needs.

First step is to create a BlueSnap account. You can do it by simply going to their website, and clicking on the “Start Processing Payments” button.

Next you’ll need a payment gateway account with BlueSnap through your bank or credit card processor. You can find people who provide this service here . Once you have one selected go ahead and add it in BlueSnap under settings > Payment Gateways. If the details are correct then click save!

BlueSnap

You will now see that there’s a connection between your ecommerce platform (shopify) & blue snap which means all payments made from customers should be processed by them if chosen as default option when checking out. Now we’re going to connect our Shopify store with Blue Snap using API Keys for each of them: First create an API Key at Blue Snap Go to Settings > API Keys. Then create a new key with the connection details of your Shopify store (shop name, domain & api token).

Now go to Integrations > Add Integration in Shopify Admin Panel and choose Blue Snap as an integration option. Enter all required fields >>> make sure you set default payment gateway to ‘BlueSnap’ <<<< remember this is where we connected our account earlier! Save changes once done. That’s it!! Your shop will now be able to use all features that come along with BlueSnap – including recurring payments, chargebacks protection etc.. Like mentioned before there are many more additional settings available but hopefully these steps helped get you started :)

Posted by Edward Tirrell on

The Mistakes to Avoid When Releasing Equity from Your Home

Don’t Do This When Releasing Equity

In the current economic environment, there are many homeowners who would like to sell their home in order to pay off some of their debt and generate extra cash. However, before you start searching for a buyer, it is important to be aware of potential mistakes that could end up costing you money or time.

Many homeowners think that they can avoid paying taxes on the equity sold from their home by selling it through a “sale-leaseback.” In reality, many of these agreements end up being classified as a gift to the buyer. The result is that not only do you pay taxes on your gain, but also on any potential loss if you are unable to sell or rent out your property for its appraised value.

Equity

The IRS provides an exception when there is no money exchanged and neither party will be living in either house at the same time. This type of transaction should only occur with someone who has been approved by the IRS for this specific type of lease agreement where one side gets temporary use of the other person’s residence during some portion of the year.

One mistake that some homeowners make is to not know the market value of their home when they are looking for a buyer. Many factors determine what your house will sell for and it is important to get an educated opinion from someone who understands these prices before you list on the open market.

Also, be sure to know your financing before you start looking for a buyer. If you have an FHA loan, VA loan or USDA Rural Development mortgage and the proceeds of your sale are less than what is owed on the home, then it may be possible to release part of that equity through refinancing rather than selling all at once.