While the need to always get your business bills paid on time seems like a no-brainer, it can be more difficult than you think unless you’ve got a system in place. The key to never missing a payment all comes down to organization.
Payments
Top 10 Advantages of Billing Clients Online
It is shocking to learn how many businesses are still manually creating their invoices and using outdated invoicing software programs. There are so many more efficient ways to generate invoices and keep tracking of your company’s financial information. In today’s competitive marketplace, businesses need to invest in better technology like online billing to save their company valuable time and money.
Avoiding Charge-Backs
A charge-back is a credit card processed sales transaction that occurs when your customer disputes the transaction or when you fail to follow proper credit card acceptance and authorization procedures. The result of a charge-back is a reversal of the transaction, the withdrawal of funds from your merchant account and a deposit of the funds back into your customer’s account.
Business Categorization, Industry, Location, and the Impact on Merchant Rates
There are many factors that will determine what kind of fees you are charged by your processor. There are some factors that you can control, such as limiting charge-backs and fraud exposure, and others that you cannot, such as how you accept payments, your industry, and your physical business location.
Factors That Determine the Transaction Fee Effective Rate
Transaction fees, also called effective rates or merchant fees, are fees that are charged to you by your payment processor on each transaction processed. The fee includes the bank interchange, the credit card association fees, and the processor fee. There are several factors that will determine your transaction fees:
10 Terrific Tips for Online Invoicing
An invoice is sometimes the last contact you will have with a client after you have finished a sales transaction. A company’s invoice should be detailed, easy to understand, and professional. One great method for ensuring your invoice is an accurate reflection of your business is using an online invoice provider with expert looking invoicing templates and easy to use forms.
5 Simple Steps to Get Paid Faster
A receivable cannot be used to help grow or sustain your business until it has been paid. Most reputable companies consistently pay on time; however there are some that just can’t seem to stay on top of it, regardless of their good intentions. This article will give you some powerful tips to help you turn your invoice into a payment quicker, so you can reinvest it back into your company.
Why Small Businesses Should Use Electronic Invoicing and Payments
The old basic billing and payment system not only took significant time to generate invoices, but due to traditional mailing methods, it also took a great deal of time before the invoice was in the hands of the client.
Gain More Customers by Accepting Mobile Payments
Unless your business is fixed in a store or shop or in your home, you’re going to need to accept mobile payments for when you’re doing business on the go or in the field. With industry technology becoming more reliable and more affordable every day, there’s no reason not to accept mobile payments.
