Please ensure Javascript is enabled for purposes of website accessibility

Visa Rolls Out Its Hub for Small Businesses

By Eric Volkman – Updated Jun 26, 2020 at 4:30PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The company is lending a hand to help shore up an important merchant customer base.

In the latest of a series of enterprise-supporting initiatives, Visa (V -0.98%) is launching the Visa Small Business Hub. This online portal aims to provide a range of services for modestly sized companies in over 20 countries.

According to Visa, the Small Business Hub covers what the company considers to be the three key stages of such an enterprise's life. It has resources for starting a business, running it effectively, and growing it out of the "small" designation.

Hand holding a blue Visa card.

Image source: Visa.

Included within those cycles are tools and tips provided by Visa and some of the payment card giant's partners. These companies include DIY web design site Wix.com, e-commerce facilitator Shopify, and digital payment leader PayPal Holdings. For a limited time, users can also access Visa's own dedicated small-business platform Authorize.net without paying a monthly "gateway" fee.

"Navigating the waves of recovery brings unique challenges for small business owners," the company wrote, referring to the economic hardships from the coronavirus. "Meeting consumer demands for digital-first experiences can and should be a seamless undertaking, especially when resources can be found in a single place."

The launch of the Visa Small Business Hub follows the company's announcement of a suite of products and services it is rolling out for that segment of the economy to help survive the coronavirus. Visa, of course, has a direct and material interest in supporting such enterprises; as the most ubiquitous card brand in the world, it is nearly always an option at any business that accepts cards as payment.

On Friday, however, Visa's shares fell roughly in concert with the day's bear market, declining by 2.4%.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends PayPal Holdings, Shopify, Visa, and Wix.com and recommends the following options: long January 2022 $75 calls on PayPal Holdings. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Visa Inc. Stock Quote
Visa Inc.
V
$183.96 (-0.98%) $-1.83
Wix.com Stock Quote
Wix.com
WIX
$72.67 (-4.16%) $-3.15
Shopify Inc. Stock Quote
Shopify Inc.
SHOP
$28.76 (0.67%) $0.19
PayPal Holdings, Inc. Stock Quote
PayPal Holdings, Inc.
PYPL
$86.97 (-0.79%) $0.69

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
329%
 
S&P 500 Returns
106%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 09/24/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.