Businesses with online stores have long known the value of reducing the payment barrier. Whether using a custom shopping cart, an off-the-shelf credit card processing app, or PayPal, retail businesses know how to reduce the payment barrier for a quick and easy sale.
Businesses that invoice for revenue may want to do the same. Sure, your client will cut you a check eventually after they get your emailed (or faxed!) invoice. If you want to be paid more quickly, however, it’s in your best interest to make the payment process painless for your clients.
After all, if you could pay your invoices with a click or two, wouldn’t that make accounting so much easier?
Let your clients pay their invoices by credit card or with direct debit, and see if your cash flow eases into a quicker cycle.
By Sharon Campbell
Small Business Solutions 