Why e-commerce owners need to register with their Aspire card – Wired PR Lifestyle Story

E-commerce is a growing industry. According to the latter Google-Bain-Temasek’s e-Conomy SEA report, Singapore’s internet economy is expected to grow by 35 per cent from $ 11 billion in 2020 to $ 15 billion this year.

As e-commerce becomes a profitable business opportunity, it should come as no surprise that many have decided to fight for a piece of the pie and start their own e-commerce business.

However, the life of an e-commerce entrepreneur is not easy; they are often irregular working hours, upcoming tasks, and a constant boost to profit.

E-commerce is a highly competitive industry where small businesses compete closely with each other, as well as with established markets and their wide range of products.

Needless to say, an e-commerce startup usually has a smooth team, which means that a lot of time and energy is put into administrative and financial tasks.

Those behind Aspirate they are entrepreneurs themselves, so they understand first-hand the personal struggles that business owners face. Andrea Baronchelli, co-founder and CEO, was the marketing director of the Lazada Group before starting Aspir.

With the rise of e-commerce businesses, the group began to notice the demand for special business solutions.

In recognition of the challenges of being an e-commerce business owner, Aspir wants to “reward” your efforts by putting up a first card designed for e-commerce companies.

This card rewards the effort made by making significant savings and helps streamline the process to save time.

Earn an unlimited refund on key elements of e-commerce business

It’s no surprise that thousands of e-commerce businesses use the Aspire card to manage the overall expenses of their businesses.

Unlike other startups or digital service providers, e-commerce businesses have to deal with inventory providers, logistics and delivery services, and e-commerce platforms.

E-commerce companies need to drive a lot of advertising to create demand in digital platforms and markets. While all of these are costs necessary to start a business, Aspir hopes to ease the burden by providing an unlimited return on the e-commerce business.

Aspir offers an unlimited 1% refund on e-commerce purchases. This refund is divided into four different categories of merchants: software and services, inventory and supplies, logistics and delivery, and digital marketing.

There is one seasoned list Reliable merchants like Alibaba, Taobao, Ninja Van, SingPost and Shopify are part of Aspire’s cashback program. Business owners can also submit an application if the merchant they want is not on the list.

For example, it costs about $ 5,000 for an advanced Shopify platform for a year. Although it may not seem like a lot of 1%, multiply that by several expenses, and they get a large amount. It’s a bit of a long way for novice entrepreneurs, and Aspir understands that.

A simple, clear, and transparent system, Aspire’s cashback program is much preferred over a point system, the latter usually having confusing features such as a multiplier program.

Refund payments are credited directly to their Aspire business account. This allows entrepreneurs to reinvest their savings to expand their businesses and help alleviate the financial burden.

Get the lowest FX rates to boost your business fund

Aspire e-commerce cards offer the lowest foreign transaction fees – five times cheaper than traditional banks with no hidden fees.

This is especially important for e-commerce companies that make international purchases, either by card or by using a Aspire Business account through foreign remittances.

When using Aspire’s e-commerce card for international expenses, Aspir charges a 0.7% transparent fee. Visa tasak and in addition it provides 1% cashback. This is compared to the average FX mark of 3.7% set by traditional banks.

This helps e-commerce companies avoid malicious marks on the bank exchange rate, and foreign transaction fees and companies receive a much higher return.

Don’t you buy your inventory by card? Not a problem. The same thing happens when companies use their Aspire Business account to send money abroad. They pay the lowest transparent fees on the market, five times cheaper than banks.

With FX transfer, Aspire a calculator available on the website that considers transfer fees and exchange rates.

All you have to do is enter the amount you want to transfer, and Aspire’s calculator will tell you exactly what the exchange rate is and their fee.

Entrepreneurs will always know the actual cost of transfers in advance, and there are no surprises here.

The Aspire e-commerce card also has no app or annual card fee, so business owners don’t have to worry about additional costs. There is also no minimum cost of maintaining the card.

Issue unlimited cards to manage expenses and subscriptions in one place

As we know, the life of an entrepreneur is very busy. Aspir facilitates this through real-time tracking and categorization of business expenses so that their efforts can be focused on growing the business.

The Aspire e-commerce card comes as a virtual Visa corporate debit card, which is issued immediately upon acceptance of your business account.

Aspir allows you to issue single and unlimited cards. Business owners can issue separate cards for each type of provider or subscription, so they have the ability to track different types of expenses in real time.

They can also cancel or freeze these cards whenever they want by pressing a button.

A neatly categorized overview of overhead, along with the ability to manage card rights, makes the decision-making process faster and easier, such as stopping unwanted subscriptions.

E-commerce companies also sometimes face scenarios where ad platforms can block cards.

Having multiple cards as backups has tremendous value in situations like this. They can help prevent advertising efforts from stalling, especially during business times.

Aspire allows e-commerce business owners to issue multiple cards to employees, helping them distribute spending so they can move things around faster when shopping.

It also removes the frustration and waste of time sharing temporary passwords (OTP) for all transactions.

In addition to speeding up the purchase process, they can be informed with real-time notifications. To avoid costly surprises, e-commerce owners can set spending limits on each card and always make sure they meet the budget.

An e-commerce card that is valuable for any business

Designed with the challenges and requirements of e-commerce companies in mind, this makes Aspire’s e-commerce card the first of its kind.

With a refund on e-commerce services, a transparent FX exchange system and an efficient way to track expenses, the Aspire E-commerce Card proves to be an ideal tool for entrepreneurs.

Aspir offers a refund of up to $ 500 when entrepreneurs sign up with a promotional code “ECO-CARD”By November 30, 2021.

They will be awarded S $ 100 for a minimum total expenditure of S $ 1,000 before 31 December 2021 for a maximum of five retailers.

The experience of an entrepreneur is at the same time paired with having too many open tabs and no idea where the music is coming from. Aspir makes life a little easier as an entrepreneur, so take advantage of this promotion and sign up with your card here.

This article was written in collaboration with Aspir.

Featured Image Credit: Aspire

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