Believe it or not, offering your customers a way to pay online is one of the most effective ways of increasing your cash flow. Consumers today prefer to pay online because checks cost money, stamps cost money, envelopes cost money and they like to have the money come out of their account instantly rather than waiting the few days it takes to send a check, process a check and update an account.
It costs much less money to offer online payments through Epaywizard than it does to hire a bunch of “collectors” to make phone calls to your customers and it also costs less than sending out a paper statement each month. You will not only be helping yourself by taking online payments, but you’ll also be helping to make billing around the nation a paper-free and earth friendly place!
When you can take payments online, the payments you receive through ACH, debit card or credit card are instantly transferred to your bank account. This makes cash flow much more available and allows you to spend that money immediately on the things your company needs to spend it on like Payroll, bonuses, office maintenance, and anything else your company might need right away.
You now don’t have to worry about calling and threatening the people who haven’t been paying their bills on time; just let them know that you now accept online payments and see how quickly 80 percent of your customers will jump at the opportunity to pay their bills online rather than over the phone and rather than through the mail or coming into your location. Consumers prefer not to deal with confrontation and the internet has provided a wonderful place for business owners to be able to collect their payments without that negative confrontation!
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