Business Credit Insurance, With customers holding the potential to both make and break a business, financial protection is top of the agenda for most business owners, which is precisely the role of business credit insurance.
Because unpaid invoices may make up close to half a company’s assets, they can significantly reduce its cash flow and investment capacity. Therefore, business credit insurance protects businesses like yours against losses from non-payment of a business trade debt. Thus safeguarding your cash flow against debtor insolvency or protracted default.
Suppose an invoice becomes aged or a customer enters insolvency proceedings. In that case, the credit insurance company will ensure that you get paid for any goods or services you have supplied, subject to a designated credit limit.
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Benefits of Business Credit Insurance Coverage
While business credit is a powerful commercial tool for conquering new markets and building customer loyalty, it is also a double-edged sword that can weigh on your working capital and cash flow. As part of your cash flow management strategy, trade credit insurance can help you control this credit risk. it Safeguards your cash flow in the event a debtor falls insolvent or takes longer than the agreed credit period to pay an invoice
Inadequate debt protection can be provided against your entire debtor book, key customers, or just single debtors that may have an adverse credit history.
Allows you to substantially improve your DSO (Day Sales Outstanding), which is the average number of days it takes to recover payment after a sale is made.
Guarantees your ability to manage your operations and investments efficiently in the short and medium-term and secure your growth.
Offers peace of mind to your financial partners, reassuring your bankers or shareholders about the financial stability of your company and giving them a greater inclination to guarantee your financing.
Protects and accelerates your commercial development while controlling the risks that business credit poses to your cash flow, giving you the advantage of an efficient and resilient business credit strategy.
Business credit insurance protects businesses from non-payment of commercial debt. It covers your business-to-business accounts receivable. If you do not receive what you are owed due to a buyer’s bankruptcy, insolvency, or another issue, or if payment is very late, a business credit insurance policy will pay out a percentage of the outstanding debt. This helps you protect your capital, maintain your cash flow, and secure your earnings while extending your competitive credit terms and helping you access more attractive financing.
With business credit insurance, you can reliably manage the commercial and political risks of business that are beyond your control. In addition, business credit insurance can help you feel secure in extending more credit to current customers or pursuing new, larger customers that would have otherwise seemed too risky.
Types of credit insurance
There are several key options to choose from depending on the risk you might be exposed to, which are detailed here:
Whole turnover credit insurance
This is the most common type of credit insurance policy. It covers all (or most) of a business through a comprehensive approach based on its turnover – protecting a business from non-payment from all current and future customers over a typical 12 month period. In addition, it allows a company to offer its customers credit up to a fixed limit, with an overall premium priced on its annual turnover.
Provides the maximum level of credit protection as the facility covers your entire debtor book. Businesses can choose a fixed policy with a set premium price, or they can declare their turnover both at the start of the procedure and at its end to receive a rebate if their turnover was less than initially forecast.
You can choose if this coverage applies to all domestic sales, international sales, or both.
Key account policy (critical customer cover)
With this type of insurance, you choose to insure your largest customers, individual customers with an adverse credit history, or invoices that are highly valued whose non-payment would pose the most significant risk to your business.
As a rule, this type of cover allows you to name up to 10 key customers. After that, you can select the limit level, but you remain entirely responsible for all customers not named on the policy.
Single risk cover
Also known as specific risk insurance or a single buyer policy, this type of cover protects a business from non-payment from a single customer or contract. For example, if most of your transactions are with one customer, you can choose a trade credit insurance policy that ensures against potential default from just that customer.
The premium price is based on the size of the customer’s turnover or the contract value, and it’s often taken out by companies that rely on a significant buyer for most of their sales. Funders or investors who want the business to buy protection against a primary customer can request this type of credit insurance. Often this is seen in public companies, but it can cover any company with a good quality of credit.
Protects against the credit risks associated with trading abroad, it safeguards a business from their overseas customers failing to pay and can sometimes include political risk insurance.
Businesses can take out a policy that purely covers their exports or domestic trade, but most policies will accommodate both. As such, international business credit insurance is often integrated into a standard approach for businesses that trade internationally. It can offer a breadth of protections and classic cover for insolvency and defaulting customers. For example, companies can cover for anything from political risk to currency shortages to social and economic instability to government intervention.
What is Not Covered by business Credit Insurance?
Business credit insurance only covers business-to-business accounts receivable from commercial and political risks. Outstanding debts are not covered unless there is direct trade between your business and a customer (another company).
How does business Credit Insurance Work?
Substantial business credit insurance remains the most reliable way to deal with trade credit risk and avoid cash flow issues. It protects and accelerates your commercial development while controlling trade credit risks to your cash flow.
With trade credit insurance, you ensure that you are compensated quickly in the event of bad debt, so your working capital ratio improves, uncertainty regarding your cash inflows is significantly reduced. Your bankers or shareholders can be reassured about the financial stability of your company.
Business Credit Insurance Policy Claims Process
When signs indicate a company is experiencing financial difficulty, the insurer notifies all policyholders that sell to that buyer of the increased risk and establishes an action plan to mitigate and avoid loss.
If an unforeseeable loss occurred, policyholders would file a claim with supporting documentation. Then, the insurer would pay the policyholder the claim benefit, typically within 60 days from the date of loss on domestic claims.
How much does business credit insurance cost?
How much your premiums cost depends on several factors. First of all, it commonly depends on the nature of the cover you need – that’s to say, whether you’re looking to insure your entire sales ledger or a select few clients.
Secondly, the higher the limit of indemnity you require, the more you will typically have to pay for your premiums. Thirdly, insurers consider the credit rating and history of your existing and potential clients to work out their potential risk, which may include factors such as the industry in which you operate.
Your premium will either be fixed or rated. A fixed premium is set for the policy duration, and companies can pay the tip in a series of monthly installments or one lump sum. A-rated compensation, however, works by applying a percentage rate to the total amount of revenue you are insuring or the estimated insurable turnover for the policy period. This gives an estimated premium amount, which is typically paid by deposit through the policy.
Then, you would have to supply a declaration of turnover to your insurer at the end of the policy, which provides the actual insurable turnover. Then, the premium rate is applied, and the substantial premium amount is calculated. If the company has overpaid, the insurer will refund the difference. However, if the actual premium amount is more than the estimation, the customer must pay the excess to the insurer.
Key business credit companies you can work with
Brokers have the right relationships with a range of insurers that enable them to get the most suitable cover for each client. The following companies are some of the critical providers you can work with:
Euler Hermes is one of the world’s leading business credit insurers with a history spanning over a century and offices operating in over 50 countries. Its global reach is down to crucial acquisitions of specialist business credit companies, such as Trade Indemnity in the UK. Today, it’s well known as an international expert in surety, debt collection, fraud insurance, and structured trade credit, and political risk.
Coface is driven by their belief in business as a force for good in the world. They have an international network dedicated to credit insurance and risk management, and they help customers with credit decisions to strengthen their ability to sell domestically and overseas.
A nexus is a London-based group founded in 2008, which has since grown into an international independent specialty managing general agent (MGA). Represented in nine key countries, Nexus offers perceptive business credit policies and guidance among their specialties.
AIG is a global insurance company that offers a range of products; AIG is one of the largest companies specializing in the UK business insurance market – covering thousands of mid-sized and smaller companies and many public sector organizations.
QBE – headquartered in Sydney, QBE is a general insurance and reinsurance company with offices in 27 countries and a focus on commercial specialty products and risk management solutions.
Chubb is the world’s largest publicly traded property and casualty insurance company, which we occasionally work with for specialist cases.
The Goal of Business Credit Insurance
Ultimately, should an unexpected loss occur, the trade credit insurance policy provides indemnification, thus protecting the policyholder’s revenue and bottom line? In addition, by maintaining a solid relationship between the insurer and the credit management department, trade credit insurance may be the wisest investment a company can make to protect its profits, cash flow, and capital.
The ultimate goal of credit insurance is not simply to indemnify losses incurred from default but also to provide businesses with the support and knowledge they need to avoid foreseeable losses from the start.
Cheap Hosting, I’ve managed a lot of websites over my career. So naturally, therefore, the hosting provider you choose matters. Using the first-hand experience as a starting point, I waded through all the dependable hosting options and narrowed it down to the best web hosting providers.
But how cheap is too cheap? There are a lot of attractive options out there. Separating the good deals from the scams is essential.
If you are looking for the lowest price on hosting, there are only one or two dozen reputable vendors to consider. Unfortunately, that list gets even smaller for cheap web hosting plans that deliver good service.
The web hosting industry has made huge improvements over the years, and the prices of quality hosting setups have dropped significantly.
Still, not all hosting companies are created equal, and you still have to be very careful about which specific company and which hosting plans you choose.
Ready to get your site online for as little as possible? These are my top picks, followed by a brief guide to help you assess your options.
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DreamHost- Most Affordable Month-to-Month Hosting Plan
Not everyone wants to sign a long contract for hosting, but you usually have to get the lowest price. Typically, you have to pay the whole amount upfront, which can get expensive even when looking at cheap plans.
DreamHost offers similar discounts if you want to sign a contract, but if you don’t, DreamHost’s month-to-month pricing is the lowest out there. Their month-to-month plans start at $4.95/month. This plan includes one website with unlimited traffic, along with a free SSL Certificate—a great deal. They also offer one-year and three-year contracts that start at $2.59/month, allowing you to save even more money. So even though it’s not the lowest on this list, it’s still a good deal.
TThere’sreally no way to get a lower price without a commitment. This can be important for cash-strapped startups betting on growth. Instead of a big upfront spend, they can budget a predictable monthly hosting cost into the equation.
Now you might think that no contract would mean a money-back guarantee. The truth is DreamHost has a zero-risk 97-day money-back guarantee. TThat’sthe longest time to try a web host that I know of.
Along with great prices, DreamHost also stands out for the way they manage their web hosts. They ddon’tuse the standard cPanel that most hosts use. Instead, DreamHost offers an ultimately custom control panel to manage your website. This is great for developers who want more control over their websites.
Hostinger- Most Affordable Hosting Plans Overall
Is it the best choice if you are relooking to save money? They offer four years of hosting for $1.39/month if you pay for the four years upfront—TThat’san a fantastic deal. Four years of Single Shared will cost less than a single year of hosting through most other providers.
From the marketing to the UI for managing your site, it’s the premium host with a deep roster of features on every plan. Hostinger also offers a separate program just for email hosting. That starts at just $0.99/month. The uptime, site speed, and support are all pretty good too.
Okay, great. But I know you rethinking the low rate must mean annoying domain limits and few free tools to build your business.
Hostinger is loaded to the brim with features and functions. Hostinger’s Single Shared Hosting plan supports one site and includes:
100 GB bandwidth
30 GB storage
One email account
Free SSL certificate
99.9% uptime guarantee
24/7/365 customer support
Optimized for WordPress with one-click installation
User-friendly control panel
Cloudflare protected nameservers
There’s no free domain name included, which isn’t a big deal if you already have one. However, if you need a free domain name, more storage, or unlimited bandwidth, Hostinger lets you upgrade your plan while keeping costs low:
Hostinger does a lot to ensure that the service is easy to use. Set up takes minutes and zero technical skill.
If you ever have issues, Hostinger’s customer service is always available and has a phenomenal reputation. The company gets you in the door with budget-friendly prices and keeps you around with quality support.
Bluehost- Best web hosting for beginners
There’s probably no easier way to get your new website off the ground than with Bluehost. And it won’t cost you much at all, as the company offers incredibly feature-rich shared Hosting starting at $2.95/month.
They offer great shared web hosting solutions at incredibly affordable prices. They’re also tailor-made for folks who are new to website building.
If you are building a WordPress site, I recommend checking out your options at Bluehost. The company is one of only three hosting providers that is officially recommended by WordPress. In addition, the integration is fantastic, and the installation is automatic.
First off, Bluehost has some of the cheapest hosting rates around. And even the most basic plans are loaded with features and values.
You get a free domain name for the first year. Not only do you get to skip that expense, but the convenience of registering your domain through Bluehost cuts down on time it takes to go live.
If this is your first site ever, you will be grateful for how simple the process is. But, on the other hand, if you’ve built sites before, you will appreciate everything that’s done for you.
For example, you get a free SSL certificate for your site, and enabling it takes one click on the dashboard. This is critical for keeping all of the information on your site secure and letting visitors know that the place is safe to visit.
You can get free SSL certificates from other places, but they will not be this easy to install, trust me. And you will have to renew them every couple of months.
With Bluehost, it’s completely hands-off, and you are always protected.
You also get a free content delivery network (CDN) through Bluehost’s partnership with Cloudflare. Again, this is going to improve site speed and performance with near-zero work on your part.
Okay, so on top of the free domain name, SSL certificate, and CDN, Bluehost gives you:
50 GB storage
24/7 customer support via phone and live chat
$100 Google Ads credits
Automatic WordPress installations and updates
Custom WordPress themes
30-day full refund if you aren’t satisfied
These features are included with the Bluehost Basic shared Hosting, which starts at $2.95 per month. If you have to upgrade, prices stay affordable at the higher tiers.
You can even go for the second-most powerful package, Choice Plus, for the same price as the Plus package. The bot offers unlimited websites and storage, but Choice Plus has domain privacy included and one year of free automated backups.
Be aware that Bluehost renewal rates are about two to three times higher than the introductory rate. This is why I recommend signing up for an extended plan to max out the discount period.
Even at total price, though, Bluehost is competitively priced compared to the field. This is especially true when you consider the long list of features you get and the ease of getting set up.
It’s as hands-free of a hosting experience as you could ask for, and when you want to develop your site, all the tools are right there.
With Bluehost shared hosting, you can use another content management system (CMS) besides WordPress if you want.
If you have a new site in mind, make Bluehost your one-stop shop for getting online. Get everything set up in a single place instead of having to go through a domain registrar. Best of all, you’ll get a great deal in the process.
A2 Hosting- Fast & Reliable Shared Hosting
The cheapest web hosting options won’t work if you grow your eCommerce site past a certain point. But, if you are just getting your online store up and running, there is no better budget-friendly option than A2 Hosting.
You can get everything you need to launch for $2.99/month with the A2 Startup plan. Of course, you’ll have to sign a contract to get the lowest rate, but you’ll be ready to go within minutes.
Along with PayPal integration, the cheapest A2 hosting plan comes with one-click installs for five of the top eCommerce platforms, including WooCommerce, OpenCart, and Magneto. As a result, there’s hardly any backend IT work to start selling.
A2 Hosting offers some of the best site speed and security for the price, which is essential for online stores.
Shoppers won’t stay in your content is slow to load. A2 takes care of all the technical legwork that goes into maintaining high-performance servers. In addition, it’s compatible with Cloudflare’s free content delivery network, which can boost your speed as well.
Most shoppers won’t even come if Google says your site’s not safe. That’s going to happen if you don’t have an SSL certificate. A2 includes one for free, and it’s always enabled.
This is a huge perk because you can get free SSL certificates elsewhere, but it’s on you to configure and renew them, which can be frustrating.
Most of the other security benefits are similarly hands-off. For example, the virus scanner, firewall, and brute force defense are on autopilot—you’ll receive notification if there’s something you need to do, but A2 handles a lot on its own.
And if you have an issue you can’t solve, A2 will help. Read reviews. The company has some of the happiest web hosting customers on the planet. If you need to move your old site to A2’s servers, they have a team that will do it for free.
The A2 Startup plan is aptly named—it won’t be enough once your site matures. But by the time you’ve hit that milestone, your site will be bringing in more than enough money to justify the cost of upgrading.
I like A2 Hosting for online stores because of the speed, security, and generous limits on storage. For example, 100 GB is twice as much as you get with Bluehost.
And if you aren’t happy with your service, A2 Hosting will refund your account within 30 days of purchase. It’s an authentic, hassle-free money-back guarantee.
Your online reputation matters, so it’s tremendous peace of mind to know that customer service is always there. In addition, A2 Hosting representatives are incredibly knowledgeable. They will help you resolve issues quickly before your online store takes a hit.
HostGator – Best for Lean/Minimal Needs
HostGator is one of the most affordable hosts on this list, at least when you sign up for the promos. It’s also known for its fast speeds and simple WordPress integrations.
HostGator is best for any business that’s looking for simple websites.
If you don’t need a boatload of extra features from your web hosting provider, go with HostGator.
With Hostgator, you can lock in a meager rate and get excellent uptime for less than you paid before. In addition, after the zero-stress migration, you get high-quality customer support available any time of day by phone and live chat.
The HostGator sign-up process takes no more than a few minutes. After that, you receive several one-click installs like the one for WordPress. The website builder has a drag and drop interface for rapid designing, and the eCommerce tools and free SSL should help you secure an online store.
It’s cheaper web hosting, better service, and very few limits on what you can do. Some of the highlights include:
Free SSL certificate
Free domain (or registration transfer)
One-click WordPress install
Free website builder
Free Google Ads and Bing Ads credits
The good news is that Hostgator provides tons of tools to help you optimize the content on your site and keep things running at top speed. In addition, the interface is straightforward to use, which gives you complete control over your site and databases.
Hostgator offers a 45-day money-back guarantee. If you don’t like what you see, you have more than a month to jump ship without paying a cent.
iPage lets you create unlimited websites for under $2/month. Every other plan on my list requires you to purchase an upgraded plan to support more than one site.
With iPage, its unlimited sites, domains, and storage. Like similar “unlimited” offerings, your service has no hard and fast limits, but there are restrictions on how much your site can demand from the shared server.
So, when iPage says they offer scalable bandwidth, it means they aren’t metering the traffic to your site. Of course, you could still hit restrictions, but there is no set cap for the number of site visitors.
Most people looking for cheap Hosting for their websites won’t have to worry too much about these limits. iPage can support 99.5% of customers without any issues at all. The company will work with you to make sure you’ve optimized your site if you start to approach restricted usage limits.
In addition to providing the cheapest multi-site hosting option, iPage gives customers access to a ton of free tools to build and nurture their site.
You get a free domain name for the first year, along with a free SSL certificate. On top of that, you get a free email with autoresponders. You can use the email provided or manage your website accounts with Microsoft Outlook and other third-party apps.
iPage Hosting includes a free website builder, which can help you customize the look and feel of all your sites. WordPress is a one-click installation, as are other popular content management systems like Joomla and Drupal.
For less than $2 per month, all of this is yours. Other benefits include:
24/7 customer service
One-click installs for OpenCart, Magneto, and PrestaShop
Integration with popular email marketing software services
Site traffic reporting
30-day money-back guarantee
There is no month-to-month pricing for iPage Go. You can sign up for one, two, or three years. The longer the contract you sign, the lower the introductory pricing and renewal rate you get:
I’m not aware of another hosting provider who gives you a discount on your renewal rate for signing an extended contract, so that is a unique perk.
As I mentioned, you’ll never have to upgrade to a different shared hosting plan. You get everything they offer with iPage Go. There are hardly any limits on your resources. If your site gets too popular to be supported by shared Hosting, iPage has some more powerful hosting solutions at competitive prices.
GreenGeeks – Best Eco-Friendly Hosting
GreenGeeks is an eco-friendly alternative to other web hosting providers.
What does that mean? It means they’ve used renewable energy to power their web hosting services.
Aside from being good to the planet, their web hosting services are top-notch. They offer fast speeds, solid uptime, and great solutions for:
Reseller Web Hosting
Virtual Private Servers
Speaking of pricing, GreenGeeks offers three levels of managed WooCommerce Hosting:
Lite: starting at $2.49/month
Pro: starting at $4.95/month
Premium: starting at $8.95/month
The only drawback of that pricing structure is that the starting price is for a three-year commitment.
That could be a bit too much of a commitment for someone just trying GreenGeeks on for size or worried about massive, rapid scaling over that time. But GreenGeeks’ prices don’t jump up wildly for shorter terms, unlike some other providers.
Like other hosts, they provide an automatic 1-Click WordPress Installer and auto-updates to keep your WordPress site up to date.
They also provide daily backups and advanced security features to help you keep your data safe and secure.
All of this comes backed by some of the best customer support in the category. You can browse the GreenGeeks knowledge base or reach out to a rep via live chat, phone call, or email. Their phone center is available Monday through Sunday, 9 a.m. to midnight Eastern, and GreenGeeks has an excellent track record of responding to any email request within 20 minutes.
SiteGround is an excellent hosting platform for beginners and companies with smaller sites. The pricing is reasonable, you receive tech support at all times, and the WordPress integration is seamless.
Fast loading times are paramount if you want your website to gain traction. Nine out of ten potential page visitors will bail if a site takes five seconds or longer to load.
SiteGround is built to deliver top-class speed to its customers, as well as rock-solid security. And particularly for WordPress sites.
It starts with the technology their Hosting is built upon. SiteGround utilizes Google Cloud to maintain fast and stable connections, and their SSD persistent data storage ensures low latency.
Not only that, but SiteGround’s innovative developers rolled out their own, better PHP solution in late 2020—Ultrafast PHP. Through it, SiteGround delivers site speeds 30% faster than standard PHP while also reducing time to the first byte by half and memory usage by 15%.
I’ll save you the trouble of doing the math yourself—SiteGround will make your site so fast that you’ll be counting page loading times in fractions of a second rather than whole ones.
Ultrafast PHP also exemplifies SiteGround’s commitment to proactive security. They update firewall rules on this proprietary PHP weekly.
SiteGround isolates accounts on their servers, so even shared hosting customers never have to worry about one compromised account negatively impacting others.
Beyond that, they are ever-vigilant in keeping their customers’ sites secure and stable. For example, SiteGround runs server health checks every 0.5 seconds and its AI-driven anti-bot system blocks between 500,000 and 2 million brute force attacks every hour.
This combination of speed and security can work for most sites. But, as one of WordPress’ recommended web hosts, SiteGround is particularly apt at delivering this performance for WordPress sites.
They add an extra level of security, thereby constantly scanning for emergent platform vulnerabilities and offering auto-updates.
Plus, all SiteGround plans—not just their WordPress hosting options—include one-click WordPress installation, the WP Starter site builder, and auto-updates for the WordPress platform and its plugins.
Keep in mind that each plan will renew at a decently higher rate after one year. SiteGround also gives you options at checkout to pay for a 24-month or 36-month term instead.
However, SiteGround gives excellent discounts on renewals for longer than one year. For example, two-year renewals get a 20% discount on the base renewal rate, and three-year renewals get 30% off.
So, in terms of long-term value, you’re still getting the best deal by capitalizing on their great intro rate for one year upfront.
InMotion Hosting – Best VPS Hosting
InMotion offers truly superior technology, a wide assortment of plans, and a legion of longtime customers.
InMotion also gives you a massive self-help knowledge base. So if there’s something wrong, there’s probably a guide out there to help you.
Customer support is also among the best. Don’t believe it? Try for yourself. InMotion’s 90-day free trial period for shared Hosting is one of the longest around and gives you plenty of time to test out InMotion’s support team.
InMotion’s plans are really straightforward and almost identical. As you upgrade, you’ll get faster servers and different databases, websites, and subdomains. I like a direct approach, especially for small businesses and websites that aren’t overly complex. No pushy upsell or confusing tiers to worry about.
Even the entry-level plans have excellent customer support. It’s 24/7 via five communication channels: phone, chat, email, tutorials, and Q&A, actively answered.
I also appreciate that none of this support is hidden or hard to find. For example, the phone number is broadcast at the top of the page, and the chat support login is easy to find in your admin panel.
There’s nothing more annoying than 24/7 support that requires you first unearth the contact methods on your own. It’s a waste of time and tells me exactly what I need to know about the host.
I also appreciate that the support is available at your level — whether you’re just starting and need someone to walk you through the ultimate basics with a friendly and supportive demeanor, or you want someone who can talk specs and technical nuances like a pro, the InMotion support has you covered.
InMotion also has some of the best VPS hosting options. They even have two types of VPS hosting so you can get the exact amount of support or flexibility that you want:
InMotion regularly runs promo pricing, with deals that start as low as $5/month. Standard pricing for shared Hosting bumps up to $8–$9/month after the initial contract is up.
10 Nexcess – Best for scaling and growth
Nexcess is a web hosting solution from Liquid Web.
Where they shine is managed eCommerce hosting. They offer e-commerce hosting for:
So if you’re looking to make an online store, they should be a top consideration for you.
Their Nexcess Cloud Accelerator—a feature that adds a layer on the cloud stack that increases the speed of your website’s loading time. That’s a massive boon because speed is everything when keeping your customers on your website and browsing.
They also offer a massive suite of plans for each of their web hosts.
This makes Nexcess perfect for any growing business looking to scale. No matter where you are with your business, there’s likely a plan for you with Nexcess.
On top of that, they have a dedicated support team available 24/7 to help you address any technical issues as they occur. Very important when it comes to web hosting.
If you’re running an eCommerce website or a startup that you know will increase, Nexcess should be in consideration.
Prices vary depending on which CMS platform you want to use. But their WordPress plans start at $15.84/month
Namecheap is an ICANN-accredited domain name registrar providing domain name registration and web hosting in Phoenix, Arizona, US. Namecheap is a budget hosting provider with 11 million registered users and 10 million domains. Wikipedia
they have the best cheap Hosting you can find on this list and others; Register now
While times may change, our commitment to our customers never waivers! For the last 22 years, our team has been committed to helping you drive your business and reach your goals. Although technology has changed since we started in 1999, our core principles of quality, service, and support have remained the same. Our company has evolved its product offering to include Shared Hosting, Cloud Hosting, Quick Servers, and Dedicated Servers, along with colocation services to continue to exceed our customers’ expectations and remain BEST IN CLASS.
InterServer can provide its extensive customer base with innovative products and services designed to complement its existing businesses as a leading Webhosting provider. We service customers ranging from individual freelancers to Fortune 500 companies, both domestic and international. InterServer takes tremendous pride in our commitment to ensure security, reliability, and technical expertise for each customer. In addition, we are one of the few service providers that offer around-the-clock customer support with live representatives available 24/7.
NEW YORK — Meng Wanzhou, a top Huawei Technologies executive detained for nearly three years in Canada, can return home to China after striking a deal with U.S. Justice Department officials in which she acknowledged helping to conceal the company’s direct dealings in Iran, which violated U.S. sanctions.
While Meng admitted illegal conduct to satisfy the terms of the agreement, she did not have to plead guilty as part of the deferred prosecution agreement.
Her criminal case and detention have had significant geopolitical implications, further souring relations between Beijing and both Washington and Ottawa.
Western officials decried China’s subsequent arrest of two Canadian nationals in December 2018 as a flagrant display of “hostage diplomacy.”
According to a person familiar with the matter, Meng left Vancouver, B.C., on a flight for China on Friday afternoon. Hours later, Prime Minister Justin Trudeau announced that the two Canadians had been released from prison and were on their way home, accompanied by Dominic Barton, Canada’s ambassador to China.
Meng, Huawei’s chief financial officer, made a virtual appearance in a Brooklyn courtroom Friday afternoon to formalize the agreement, conceding to a statement of facts that laid out her involvement in misleading a financial institution regarding Huawei’s relationship with Skycom, which functioned as an arm of Huawei in Iran.
The bank has been identified in other court proceedings as HSBC, which started as a smaller institution in China but has grown to operate globally.
According to prosecutors, through Skycom, Huawei conducted transactions in U.S. currency with HSBC for more than $100 million between 2010 and 2014. At least $7.5 million, a portion of that amount supported Huawei’s business dealings in Iran, officials said.
[China Initiative aims to stop economic espionage. Is targeting grant fraud overkill?]
Federal prosecutors say Skycom was controlled by Huawei. In signing the agreement, Meng admitted to being involved in efforts to cover up the actual relationship, effectively tricking the bank into clearing transactions in violation of U.S. sanctions on Tehran.
“Meng’s admissions confirm the crux of the government’s allegations in the prosecution of this financial fraud,” Nicole Boeckmann, acting U.S. attorney for the Eastern District of New York, said in a statement.
Meng’s attorney, Reid Weingarten, did not return calls for comment after the hearing.
In court, Assistant U.S. Attorney David K. Kessler said the Justice Department would move to dismiss the charges against Meng when the deferral period ends on Dec. 1, 2022, provided she is not charged with a crime before then.
Meng, through an interpreter, told U.S. District Judge Ann Donnelly she understood the terms of the deal and agreed to it.
Meng, the daughter of Huawei founder Ren Zhengfei, was arrested in Vancouver in December 2018 and later charged with bank and wire fraud and conspiracy to commit bank and wire fraud. The Justice Department alleged that Huawei and Meng tricked HSBC into clearing millions of dollars in transactions with Skycom in violation of U.S. sanctions prohibiting business dealings with Iran.
China has cast the charges against Meng as political, part of a U.S. plot to stunt the country’s rise. Then-President Donald Trump told Reuters he would intervene in the case if it would help broker a trade deal with China. After being released from jail on an $8 million bond, Meng was allowed to stay at one of her two mansions in Vancouver, wearing a GPS monitor and under surveillance by a court-appointed security company.
[the U.S. in talks to resolve criminal fraud charges against Huawei executive]
The case is one of several points of contention between the United States and Huawei, one of China’s largest tech companies and the world’s largest manufacturer of telecommunications equipment. The Trump administration placed Huawei on an export blocklist in 2019. That move and a subsequent tightening of the restrictions stopped Huawei from buying many types of high-tech semiconductors, hurting the Chinese company’s manufacturing ability.
U.S. officials have also called Huawei’s aggressive push into the global 5G telecommunications equipment market a national security threat, warning that Chinese authorities could tap into the gear to spy on or disrupt communications. Huawei and China have rejected that concern, but the United States has essentially banned the use of Huawei network equipment domestically and pressured allies not to use it.
Meng’s arrest thrust Canada into the middle of the tense U.S.-China standoff and created a foreign policy nightmare for Trudeau at a time when he hoped to deepen economic ties with Beijing. China later detained former Canadian diplomat Michael Kovrig and businessman Michael Spavor and banned imports of some Canadian crops, including canola.
The “two Michaels,” known in Canada, faced separate, secret trials in March on vague charges of spying and stealing state secrets. A Chinese court found Spavor guilty in August and sentenced him to 11 years in prison. A verdict for Kovrig had not yet been announced before their release Friday.
Trudeau, who won a third term this week with a minority government, has been roundly criticized for handling the dispute. His chief opponent, Conservative Party leader Erin O’Toole, attacked Trudeau’s China policy during the campaign, saying he had “let the Michaels down.”
Other prominent Canadians, including several former foreign ministers, urged Trudeau to let Meng gg spur China to release the two Canadians. Trudeau had resisted those calls, saying that removing her would endanger other Canadians around the world.
Meng’s attorneys had been fighting her extradition from Canada to the United StatHowever. However, the Justice Department withdrew its extradition request on Friday, and a judge in Vancouver dismissed the pending proceeding.
In testimony submitted this week to the Transportation Committee, Sara Nelson, international president of the Association of Flight Attendants-CWA, pointed to the “staggering” tally of about 4,300 unruly passenger reports in 2021. She called for the creation of “a centralized list of passengers who may not fly for some period of time, and provide airlines with access to the list.”
Developments in Bitcoin’s continuous tale and its numerous competitors and copycats in the world cryptocurrency $2.22 trillion appear to have never stopped. Nevertheless, just a tiny proportion of Americans have practical and personal experience. Only a one-digit percentage of U.S. residents – like in so many other affluent, solid, and developed countries – owned or utilized bitcoin in 2020. All around the world, though, it catches on considerably faster. They claim crypto is unlimited. And if you trade or get Bitcoin as payment for a job, it is. For more accurate and precise information, visit the bitcoin trading
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Japan is highly pro-crypt in the community, as cryptocurrencies are a valid form of payment among several nations. As a result, many BTCs are selling in government, with many preferring to hold them for high return potential for investment. The crypto exchanges in the nation have substantial transaction activity. The country also boasts one of the world’s most effective regulatory systems for blockchain technology and virtual currencies. Discussions intended to begin functioning in the nation must have a required license granted by the country’s regulatory authority, the Financial Services Agency (FSA). Now numerous companies want to set up in the nation and are waiting for FSA regulatory permission.
It is another Asian country that affects the scene of Bitcoin. With the Chinese government’s unfavourable attitude to crypto trading, many neighbouring South Korea have shifted their trading activities. With its tendency and technology skills, the country currently hosts a wealth of exchanges and crypto-companies that address a populace with increased interest in trade and the use of cryptocurrency. Bitcoin is also traded and held by the significant cryptos here. Although the government of South Korea did not take concrete actions on the bitcoin market, many firms wish to develop and give new services to the cryptocurrency sector. One is Kakao, the country’s most popular message application. In the future, Kakao might incorporate other crypto-related services with its message application. Moreover, following the U.S. dollar and Japanese Yen, South Korea accounts for about 10 per cent of all BTC exchanges worldwide.
Bitcoin has a solid Canadian community that has taken regulatory measures to adopt virtual money. Vancouver is home to the dead cryptocurrency exchange QuadrigaCX, which, upon the supposed death of its founder, lost C$180 million in customer money. Bitcoin residents can buy at around 40 ATMs. In reality, the first bitcoin ATM in the world started operations at the Waves Coffee House in Vancouver city centre on 29 October 2003. The city has more than 631,000 inhabitants.
The tiny Mediterranean island country has long been a welcoming face for crypto investors. Many crypto exchanges and blockchain initiatives are made friendly by the government. After Hong Kong strengthened its rules and sent the business searching for friendly jurisdictions, the nation welcomed Binance. Malta makes strategic sense for crypto-focused firms as well, for several other reasons. Malta is a European Union member. It implies that crypto projects headquartered in Malta can operate freely across the whole of the European Union.
The permissive approach of the country to regulate cryptography has not gone unnoticed. An intergovernmental policy-making group with 39 member nations, the Financial Action Task Force (FATF), expresses its worry about Malta. There were no claims or even suspicions that they used it for unlawful reasons. It remains to be whether additional regulation is implementing on the tiny Mediterranean island. Meanwhile, affluent crypto-investors from non-EU nations will continue to evaluate the proposal for EUR 1.5 million ($1.78 million).
Cyprus has recognition for its laissez-faire stance towards cryptocurrencies, especially bitcoin. While bitcoin is not yet regulated, the country is looking like this. The Central Bank of Cyprus is concerned about losses and published formal recommendations on crypto-risk in 2014. By its goal to safeguard the safety of investors inside regulated firms, the Cyprus Securities and Exchange Commission has created an Innovation Hub enabling companies to share information. But overall, things remain pretty open to cryptography in Cyprus. ICOs (first coin offerings) are the only field of cryptography that now clearly has jurisdiction in Cyprus. ICO funds are in Cyprus as taxable income. At the same time, Cyprus has an attractive corporation tax rate of 12.5 per cent.
The Bermuda Digital Asset Business Act 2018 sets out a scheme to regulate individuals and entities who undertake to issue, sell and redeem cryptocurrency and other digital assets. It truly works as a kind of magnet for persons and enterprises as one of the first digital business regimes.
We may look at Bitcoin ETFs as an illustration of Bermuda’s crypto-friendly nature (exchange-traded funds). In late 2020, following years of fruitless attempts to create a Bitcoin ETF in the USA, the Hashdex Nasdaq Crypto ETF was authorized by the Bermuda Stock Exchange. It was one of the earliest and demonstrated that the country should continue to think. Alex Sirois had no (directly or indirectly) interest in the securities referred to in this article as of publication date.
Readers in America familiar with crypto regulations should thus not be shocked to discover that they did not cut. Crypto investors have known that the US will take a challenging position on this problem for years. If you’re anxious about the Internal Revenue Service, and Uncle Sam is concerned about appreciating your capital gains, you probably have a good reason. The standards are tightening, and investors are inquiring where regulations are friendlier.
There’s a lot of conjecture about who has the most cryptocurrencies—referred to as “whales,” which are large money investors in cryptography, generally institutions like hedge funds and investment funds that often create “waves” to small-scale investors in the market. For more precise and accurate information, visit the https://altcoinsidekick.com/
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In Portugal, the tax authorities opted to take a moderate approach to invest in cryptocurrencies. Portuguese legislation is to be highly favorable about cryptocurrencies. Persons in Portugal who benefit from bitcoin purchases and sales are not taxing on the capital gains. In addition, bitcoin trading for other currencies is tax-free as well. Portugal is also highly beneficial for private investors concerned about income tax paid on payments received in bitcoin. For firms in Portugal that accept payments in cryptocurrencies where regular capital gains taxes are applicable, the situation changes. The principle here is that if you are a payer in cryptocurrencies, you may avoid paying high taxes on capital gains.
Portugal’s tax officials are cited by saying that ‘a cryptocurrency exchange for ‘actual’ currency is an on-demand, VAT-free service exercise.’ In brief, private investors in cryptocurrencies would be prudent to examine Portugal’s favorable tax position. Firms are not the same indulgence. Therefore it does not appear realistic that a flood of companies would move to Portugal for the benefits in the short term. The government offers several initiatives which enable crypto investors to establish a foothold in the Iberian Peninsula. Residence and citizenship rules are equally open-minded and are high on many of these lists.
Currently, the US is home to the most cryptographic activity, with several exchanges, trade platforms, funds, crypto-mining facilities, and blockchain-focused initiatives. Because of this, it would be natural for most Bitcoin holders in this nation to have the highest number out of every country. More than enough, it seems that the United States inhabitants do not Hodge cryptocurrencies as much as one might anticipate. But since it has the most significant population compared to the others, it still accounts for 8 percent of bitcoin owners.
For several things, Switzerland is known. It is in finance for Swiss banking rules, which enable high levels of secrecy at little risk. It may thus surprise nobody that the country also has lax laws for crypto investors. Each of the 26 cantons in Switzerland has its legal definitions regarding bitcoin handling.
One canton in Switzerland may tax cryptocurrencies while another canton may not. And the regulations that trigger taxes may differ throughout each canton. In Zurich, mobile private wealth capital gains are tax-free, indicating that Bitcoin and other crypto are tax-free. Mining profits are, however, taxed like ordinary income. Lucerne is far more consistent with the canton of Zurich and regards tax-exempt capital gains.
Romania is perhaps best recognized for hosting many multinational companies and companies active in the IT sector and a vast number of independent developers and programmers. Considering the vital link between the country and the IT industry, it is not surprising that it has a developed customer base interested in cryptocurrencies.
For this reason, Romania is one of the nations that have high school cryptos, among others. Given the vast quantity of foreign firms residing here, it is reasonable that the low cost of trading with them outside leads to bitcoin payments. Twelve percent of their customer pool have at least one form of cryptography, with Bitcoin the most popular.
Germany considers cryptocurrencies private money, as it is not a legal tender throughout the nation. The cryptocurrency legislation favors long-term investment. Cryptocurrency day traders may want to rethink their intentions to utilize the country to dodge taxation. For more than one year, residents who possess crypto-currency will pay no tax on them regardless of their worth. However, for investors holding crypto for less than one year, taxes on capital gains are payable on sums above EUR 600 (roughly $712). Therefore, it is apparent that Germany favors its people, not utilizing the nation as a basis for large-scale private crypt trade. As in many other crypto-friendly countries, German companies are liable to taxation on capital gains. So Germany is an attractive location for individual investors in crypto with a longer-term view.
Although China has made news for its multiple crypto-operation attacks, it still maintains a record of excellence in digital trade. The leading exchanges in the nation have one of the highest volumes of Bitcoin exchanged every day. Many reports have shown that Chinese people are moving closer to power facilities to take advantage of their cheap electricity and utilize it in Bitcoins. However, the number of holders may decrease in the future, given their current regulatory activities for cryptos.
Singapore is to have one of the world’s most stable and advanced economies. It is also one of the world’s most incredible places to do business, having access to many developed and developing countries. Singapore is renowned throughout Southeast Asia as a center of Fintech. The Singapore Monetary Authority, its central bank, thinks that it is necessary to control the crypto-monetary ecosystem to avoid laundering and other illicit activities but not hinder innovation. It has prompted some to define the city as a balance between regulation and law for cryptography. It also reflects the forward-looking posture of Singapore, which has produced so many to appreciate the city.
Sopnendu Mohanty, Chief Fintech Officer of the Central Bank of Singapore, remarked in an interview that the city’s financial institutions are “permitting the cryptography to be an experimental structure.” The 2019 Payment Services Act controls the legal crypto ecosystem in Singapore. Cryptocurrencies in Singapore are likewise free from taxes on capital gains.
Spain offers a handful of conventional ATM banks that enable Bitcoin’s conversion for fiat cash. An exciting turn of events, even if further growth is needed. As previously noted, numerous ATMs in the nation let people purchase and sell digital assets. In Spain, 81 ATMs are available for Bitcoin handling. Spain is thus the sixth-largest country with the highest number of ATMs.