Owners of different cryptocurrencies may also have such a need. For them, too, there are special organizations that can issue a loan. For example, crypto lending platforms, which provide instant crypto loans . However, there is a difference between a regular loan and a cryptocurrency loan — lower interest rates, unlimited loan term and other things.

Now let’s talk more about banks, crypto financing, and how to get a bitcoin loan.

Bank loan

A consumer loan is money you borrow from a bank to buy goods and services for yourself or your family. Consumer loans are only for individuals; you can’t make it for a company.

There are also consumer loans. You can take them from microfinance organizations (MFIs), credit consumer cooperatives, and pawnshops. This is essentially the same as a loan, but the terms of the loan may be very different from those of a loan.

Each bank, MFI, or other organization sets its own rules. For example, to get a loan at a pawnshop, it is enough to show your passport and leave something of value as collateral. For a consumer loan in an MFI, you usually need only your passport too, and it can even be done online. And the bank, before giving you a loan, especially for a large amount, can impose many more conditions. But there are a few common requirements.

Your salary, pension or scholarship does not always need to be documented, but to report income is usually necessary. The maximum loan amount depends on this. The higher your income, the larger the loan you can pay back.

If you have guarantors, or are willing to pledge property, or insured in favor of the bank, the loan amount can be even larger. In this case, the bank runs less risk.

Crypto market

What is crypto currency? Cryptocurrency is an asset that circulates only in digital form and is used mainly for investment and accumulation. It has no tangible expression, it is created using cryptographic algorithms and functions digitally.

Cryptocurrency market is a set of all existing cryptocurrencies and infrastructure, which provides them. There is a cryptocurrency exchange market; it is a regulated market where buying and selling activities are conducted in accordance with the guidelines established by the exchange. You can see there are only crypto that have successfully completed the exchange’s listing process.

Having studied the history of formation and development of the cryptocurrency market, one can see the main thing — it is developing and this development will continue. It becomes more and more attractive for institutional investors. We can also notice the trend of its growing integration with traditional financial markets.

Trading electronic currencies opens up unlimited opportunities for earning, after all, it is possible to gain profit when quotations go up or down.

Despite the fact that many people associate cryptocurrencies with the “black market”, in fact, fraudulent schemes occupy only 2.5% of the cryptocurrency market.

To make money from investing in cryptocurrency, you need to diversify your portfolio as much as possible, not try to speculate, and remember that, just like in the stock market, any sharp bounce is followed by a pullback. Stormy times don’t affect cryptocurrency rates much; they adapt quickly to changing market conditions.

There are different types of cryptocurrency trading-day trading, scalping, medium-term trading, long-term investing, and many others. Whichever one you choose, crypto backed loans can be a very useful tool.

Crypto lending

Crypto-lending is a great tool for traders, because you can borrow any cryptocurrency and use it to trade in the market or for other purposes. Crypto lending platforms provide a huge number of different cryptocurrencies.

At such crypto platforms, coins are pledged as collateral. Let’s say you want to get an instant ethereum loan. Then you go to the crypto lending platform, give your Ethereum as collateral and receive, for example, bitcoin funds. You will be approved for a loan at a certain interest rate, just like in a bank. However, you may not be required to provide documents for a crypto loan. In that case, you are free to borrow against crypto any amount against your collateral.

Another difference between crypto loans and bank loans is the unlimited term of the loan. You can choose any term and repay the loan when it suits you. After that, the collateral will come back to you in full. At the same time, after taking the collateral, you can make a profit if the coin has increased in value during this time.

Advantages of crypto loans:

• No credit history;
• No approval required;
• Low interest rates;
• Opportunity for additional profit.

Conclusion

As you can see, there is a big difference between bank loans and cryptocurrency loans. Though some banks give loans in cryptocurrency, there are very few of them. And getting a crypto loan on an online crypto lending platform is easy, fast and profitable. You can use the borrowed crypto loan for purchases as well as for trading for more profits.

The post What Is The Difference Between A Bank Loan And A Crypto Loan? appeared first on Tech Cults.

Compare Upfront and Ongoing POS System Prices

Several costs may be involved in signing up for a POS system. Upfront expenses for a Clover POS system may include a fee or sale price for hardware and setup. An ongoing subscription to Register or Register Lite software offered exclusively by Clover Networks is an ongoing operational expense.

Depending on the merchant account solutions provider with which a business partners, it may be possible to reduce costs associated with POS hardware and software. The system you select should provide the needed level of operational management functionality, as every Clover system can process an array of payment types, from credit and debit cards with EMV chips or magstripes to near-field communication technology.

Seek Out Special Promotional Sign-Up Discounts

One of the best features of Clover POS systems are the flat rates the network charges to process card transactions. In some cases, a merchant account provider may be able to offer signing bonuses or other incentives to make certain systems more affordable for small businesses.

In some cases, the discounts available for POS systems and payment processing depend on the volume of transactions as well as the tier of system software to which a business subscribes. The ability to rely on a consistent level of payment processing functionality emphasizes operational needs.

Clover POS systems are the only platforms compatible with Clover Networks software. These devices can also run supported third-party applications available in the Clover App Store. Stakeholders should invest in hardware and software that can provide the highest return on investment.

Only Pay for the Features Your Business Needs

Businesses that have relatively simple inventory and operational requirements may be able to get all of the functionality they need from Clover Register Lite software. This is particular the case for operations that exclusively rely on portable hardware such as the Flex, Mini, Mobile or Go.

Clover Networks systems range from handheld units to tablet-based models or a peripheral card and NFC reader that can attach to a smartphone or tablet. Operations with more extensive inventories or complex operational workflows may benefit from using the countertop Clover Station with a subscription to the full-featured Register software.

The precise percentages and fees associated with processing a payment vary based on whether a transaction is card present or card not present, as well as the POS platform and financial network. A business may be able to drive up sales by adding the ability to process a variety of payment methods including NFC payments. Clover hardware, software and compatible payment processing networks deliver value, even without additional discounts over this platform’s competitive rates.

The post Best Ways To Get The Cheapest Credit Card Processing For Your Small Business appeared first on Tech Cults.

Even if you do use the credit cards, enough, the annual fee is still eating into your rewards. Did you know that there are many credit cards with no annual fee that still offer many rewards and perks? Here are the best credit cards with no annual fee that you should consider.

The HSBC Visa Platinum Credit Card is the best credit card in the market with no annual fee or joining fee. It offers excellent rewards for those who like to dine out or shop online. You can apply for the card if you are above 18 years of age and have an annual income over INR 4 lakhs. Here are some of the features that make it stand out.

• You will get an Amazon voucher worth INR 500 for completing your credit card application and another voucher worth INR 500 if you make a transaction greater than INR 500 within 30 days of getting the card.
• You will 10% cashback if you make at least 9 transactions within the first 90 days and the total of these is greater than INR 10,000
• You 2 reward points for every INR 150 that you spend on the card
• The reward becomes 5 times this amount if you have spent more than INR 4 lakh in the year
• You get a 15% discount when you dine at any of the partner restaurants
• You also get BookMyShow coupons and discounts for movies, flight bookings, etc.

IndusInd Bank Platinum Card

The IndusInd Bank Platinum Card is perfect for those who like to live and travel in style and appreciate the finer things in life. Although there is no annual fee on the card, you do have to pay the one-time joining fee of INR 3,000 if you are not applying with the help of a third-party source. The credit card offers excellent rewards, and here are some of its features.

• You get 1.5 reward points for every INR 150 you spend on the card. One reward point is worth INR 0.85.
• You get complimentary priority pass membership that gives you access to over 700 airport lounges
• You also get comprehensive insurance coverage
• You get complimentary concierge service that you can use to make hotel reservations, flight bookings and special events and entertainment bookings
• You get round the clock Auto-assist all through the year

ICICI Bank Amazon Pay

If you love shopping on Amazon, then this card is a must-have. With no joining or annual fee, the card offers excellent cashback offers when you shop on Amazon. Here are some of its benefits.

• You get 5% cashback on all Amazon purchases if you are a prime member. The cashback becomes 3% for non-prime members.
• You also get 2% cashback when you pay via Amazon Pay on its partner merchant’s site
• You also get 1% cashback on all transactions
• There is no upper limit or expiry on the earnings. They are transferred to your Amazon Pay balance at the end of each billing cycle.
• You get a 15% discount when you dine at any of the partner restaurants
• You get a fuel surcharge waiver of up to 1%

YES Bank Prosperity Reward Plus

The YES Bank Prosperity Reward Plus offers excellent benefits for grocery and supermarket spends. You can apply for this credit card if you are above 21 years of age and have a monthly income of at least INR 25,000. You are also eligible for the card if you have a fixed deposit in YES Bank. Here are some of its features.

• It has a joining fee of INR 499 which can be reversed if your spend at least INR 10,000 within 90 days of setting up the card
• It also has an annual fee of INR 499 which can be reversed if you spend at least INR 50,000 on it in a year
• You get 6 reward points for every INR 200 you spend on grocery shops and supermarkets
• You get 4 reward points for all other spends
• You get 1% fuel surcharge on all fuel stations in the country
• You also get exciting offers for travel, dining, shopping and wellness
• If you spend more than INR 3.6 lakhs in an anniversary year, you get 12,000 reward points

Axis Insta Easy Credit Card

If you are looking to get your first-ever credit card, then the Axis Insta Easy Credit Card is an ideal choice. If this is your first credit card or you do not have a credit history, you can use this card to build a good CIBIL score. If you do not know how to check CIBIL score, a simple Google search will guide you on the appropriate steps.

• You need to have a fixed deposit of at least INR 20,000 in Axis Bank to become eligible for the credit card
• You can set flexible credit limits that are up to 80% of the fixed deposit
• You will get a 15% discount when you dine at the partner restaurants

ICICI Platinum Chip Credit Card

If you are someone who uses their credit card only sparingly, then the ICICI Bank Platinum Chip Credit Card is ideal for your needs. You can use it to build your credit score without spending a dime on joining or annual fee. Apart from zero joining and annual fee, you also get the following benefits.

• You get 2 reward points for every INR 100 you spend on the card for retail transactions
• You get a 15% discount at the partner restaurants and a 1% waiver of fuel surcharge
• The chip-enabled card enables secure transactions

In Conclusion

With the wide variety of credit cards in the market, you can easily find one that is tailor-made for your needs. The credit cards with zero annual fees are ideal as the first credit card as they let you explore the various ways of using it without losing money on revival fee.

The post Top 6 Credit Cards With No Annual Fees In India appeared first on Tech Cults.