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Seeds for Thought

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KYC Meaning: What It Is and Why Payment Accounts Require It
Seeds for ThoughtSep 21, 2026

KYC Meaning: What It Is and Why Payment Accounts Require It

You signed up, you got the confirmation email, and then the dashboard asked for a selfie and a copy of your DTI certificate. If that is where you stopped, you are not alone. Verification is the single step where most new merchants stall. Perhaps there is a lack of what KYC is or why a payment company needs it before you can get paid. We cover what KYC means, why the Bangko Sentral ng Pilipinas requires it from every financial institution in the country, and what it does for you and your custome

Petty Cash: How It Works, How to Manage It, and When to Retire It
Seeds for ThoughtSep 21, 2026

Petty Cash: How It Works, How to Manage It, and When to Retire It

Oftentimes, a finance team has a drawer or safe with a small amount of cash set aside for everyday expenses, such as Grab rides to a client meeting, food for a team that stayed late, or small fees from vendors who only accept cash. These are all common examples of petty cash. For a lot of small businesses, it works well enough, until it doesn’t. This article will walk you through how petty cash works, how to manage it properly so it holds up during a BIR audit, and how to tell when your busine

Shopee, Lazada, and TikTok Shop Seller Fees (and What You Keep When You Sell Direct)
Seeds for ThoughtSep 16, 2026

Shopee, Lazada, and TikTok Shop Seller Fees (and What You Keep When You Sell Direct)

Selling on renowned e-commerce sites like Shopee, Lazada, and TikTok Shop gives you the clout and the brand awareness, but it comes with a price – quite literally.  As you may already know, selling items on these platforms does not mean you will get the exact amount you sold it for. All three platforms charge you various fees, and these fees compound.  We break down the commission fee, transaction fees, program charges of Shopee, Lazada, and TikTok, so you can compare them on one page. It also

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