Running a business is hard enough without having to chase down payments for services you’ve already rendered. Paper invoices are often ignored, many without even being opened. While next to no one has the time to write a check, find an envelope, and a stamp—and manage to get all of that into the mail.
Don’t spend your time chasing down funds. Instead put that energy into establishing an online payment system, which will save you time and a whole lot of headache. Whether you need international payment processing or a complete omni channel system, there is an option that will cater to your business needs.
Online processing allows you to accept card-not-present transactions through an Internet-enabled interface or shopping portal. Adding this option for your customers will benefit you through:
Signing up for an online payment system is a simple process that includes minimal paperwork. In many cases, you can begin accepting payment online the same day you initiate it.
Quickly cleared transactions
Online transactions clear quickly, freeing up your cash flow that much sooner.
With an online payment processor, you won’t have to hassle your customers—the system will do it for you. It will also allow customers to set up recurring bill pay, giving them one less thing to worry about.
The fact is, many consumers expect an online payment option. Not meeting their expectations isn’t a great way to start your relationship.
When you utilize an online payment portal, the company you choose is required to enact multiple protections and security layers. This added layer of protection means that your business’ and your client’s money will be safe.
Even with the best online payment system, you will run into customers that won’t pay. If you find yourself frequently tracking down payments that remain unpaid, consider investing in accounts receivable collections software to make running your business more stress-free.
Payscout is committed to providing clients with systems that keep them ahead of emerging trends. A thought leader in the payments industry, Payscout wants to help you thrive with payment processing that works for you. Their mission is to support the entrepreneurial dream one transaction at a time; they do this by connecting merchants and consumers via credit, debit, ATM, and healthcare payment processing. With support on six continents, Payscout is willing and able to help your business go global.