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Article: Plastic for the masses: credit-card companies target small businesses more than ever in Brazil.
- Article from:
- Revista Latin Trade
- Article date:
- June 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Freedom Magazines, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A little more than a year ago, Marcos Haddad, owner of Sao Paulo company Cafe Editora, did what most small business owners in Brazil did: He and his partner used a personal credit card to pay publishing debts. But company expenses were mixed with purchases from the supermarket, for clothes, school supplies and other personal expenses.
"The result was out-of-control accounts, because we had lost many invoices, and the fact that company purchases were not separated made having detailed expenses impossible," says Haddad, whose company has eight employees and annual sales of US$190,000. Today, via a Visa company credit card, Haddad and his partner use the plastic for ...
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