Here’s an unexpected side effect of the COVID-19 pandemic. Apparently the number of small business startups is growing at a rapid clip.
According to business formation statistics from the Census Bureau, more than 5.4 million applications to start new companies were filed in 2021, a 53% increase from pre-pandemic levels. That’s terrific news – our country needs more small businesses.
As to why this is happening, we can thank the conditions resulting from the pandemic. The pandemic environment provided people with the time and resources they needed to start new businesses. This includes the government’s COVID stimulus checks and money saved by working from home. The new stay-at-home economy also created new business opportunities, including many in ecommerce, food delivery, and consulting.
The bottom line is that there are more new businesses opening today than there have been in more than a decade. If you’re the owner of one of these startups, you need a robust payment processing solution for your business – and the experts at Higher Standards can help. Contact us today to determine the right package for your new business.
Our company
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Our team
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Our GIVE BACK program
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Credit card processing
Choose the best and most affordable processing solutions for your business.
Ecommerce processing
Grow your business with safe and affordable online payments.
B2B payment processing
Realize significant savings on Level 3 transactions with other businesses.
Electronic check & ACH payments
Accept electronic check and ACH payments quickly and securely.
Merchant cash advances
Tap into future credit card sales to gain access to working capital today.
Gift cards & loyalty cards
Offer gift cards and loyalty cards online and at point of purchase.
Processing for K-12 schools
Accept credit and debit cards for school meals, events, and fundraisers.
Give Back Gateway for non-profits
Software and processing that let churches and non-profit organizations accept online donations.
HS PayBridge
Integrated payment solution for city and state governments, school districts, childcare centers, athletics, and more.
Terminals
Kiosks
POS systems
Complete point-of-sale systems to help you manage your entire business.
