Small businesses play a key role in your community

By Brooke Tajer on

Buying local can sometimes cost you a little extra, but it is worth every penny! Small businesses provide many positives for your local community and PayAnywhere is dedicated to continuing its support of small businesses while providing them with opportunities to grow and expand their markets.

This infographic from Small Business Bonfire shows that local business generates 70% more local economic activity per sq. ft. than the big box corporations many choose to shop at. In fact, spending $100 at an independent business in your community generates $68 in local economic activity. That same $100 spent at the big box retailer or chain-owned business will result in just $48 in local economic activity.

By stopping in to your favorite local business, whether it is a local farmer's market to grab groceries, a clothing store to go back to school shopping or a gift shop to purchase a last minute holiday gift, you are generating 3.5 times more wealth for your local economy, compared to money spent at a chain-owned business.

PayAnywhere makes it easier for independently owned businesses to compete head-to-head with the chain-owned shops by providing shop owners with a low-cost, pay-as-you-go solution for accepting credit and debit cards, along with a host of other value-added services, from electronic receipts to advanced business intelligence data. With PayAnywhere's free card reader and the easy-to-use PayAnywhere mobile app (available for iPhone, iPad, Android and BlackBerry devices) small businesses can cut down on monthly expenses with no monthly fees or minimums required. PayAnywhere has the lowest rate at 2.69 percent per swipe, giving small businesses a chance to succeed and continue to give back to their local communities.