Payments and Collections
How to Handle Customers Who Send Payments Late
It can be very frustrating when customers are not on time with your payments. Especially when you’re a small business just starting out, cash flow is probably pretty tight, and those payments are crucial for…
Is Accounts Receivable Financing Right for Your Business?
Accounts receivable factoring has worked for many small businesses in obtaining their ultimate success. It is a flexible form of short-term, service-based commercial financing. Invoice factoring is when a trading business sells its accounts receivables…
Freelancers: Update Your Invoices to Look More Professional
One of the biggest challenges you’re facing as a freelancer is managing your own admin. There’s no HR department that does the dirty work for you—you’ll be responsible yourself for managing your projects, logging receipts…
Online Payment Alternatives to PayPal
People usually choose the most popular brands because they think such a choice will ensure product quality. When it comes to online payments, PayPal has been the leading platform ever since 1998. After separating from…
9 Essential Policies to Improve Your Internal Collections
As a commercial collection law group, we are always asked by small business owners about the best practices for internal collection efforts. Here are the some of the major items that should be included in…
How to Make an International Wire Transfer
A Wire Transfer, also known as a Credit Transfer, is a type of electronic fund transfer from one individual or business to another. It involves movement of cash from one bank account to another bank…
Include Mobile Payments in Your Marketing Strategy
Though incorporating mobile payments into your business model can help you lower costs associated with point-of-sale hardware and improve operational efficiency, they also provide a wealth of marketing opportunities you can leverage to position your…
How to Choose a Mobile Payment Provider
By 2017, the worldwide mobile payments volume is expected to grow to $721.4 billion, according to Statista. Currently, 87 percent of American adults own or have regular access to a mobile phone. As mobile payments…
6 Best Practices in Billings and Collections
One area where most small-business owners can improve their cash flow is in billings and collections. A thorough credit check before you offer payment terms is not enough. Here are six best practices that can…
Innovative Mobile Payment Solutions are on the Rise
Back in 1997, the first mobile payment option was introduced for two Coca-Cola vending machines in Finland. They allowed you to pay by texting, and so the world of mobile commerce was born. Since then,…
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