Methods of Payment for a Small Business
Due to the large numbers of small online businesses that have emerged, there are various methods of payment that have also sprouted. It is now essential that you get to know which option among the many will suit you best. Read more from this article on the options of payment available for the small businesses.
You can choose a method of payment where the credit cards are used, both the debit and the credit. Here, ensure that you settle for the best account where you will use the cards and get almost instant pay.
Another method is by use of the direct debit, here the eChecks are accepted and they have ACH accompanying them. This has become a very popular method since it gives room for direct transactions between a merchant and the merchant. You are able to read the details of the customers from your screen that was initially put on paper before sending it online. This is a low cost method as you can easily pay for the transactions of the ACH to the association an amount which is lower than that you could use to process credit cards.
The third option is by use of a mobile app to make online payments. It is very possible to buy products and other services online by the aid of your phone and also pay using the app of the same phone. You can ensure this succeeds by using a chip card or physically filling the payment details in your phone then sending. There have been raising of eyebrows concerning its security as a payment method but this has been outdone by the response from the industry.
The forth option is by the use of online payment gateway and forms which allows clients to make direct payments to the business owner’s site. You will find this method very favorable in a case where you are a continuous buyer in a small business as you will not require to repeatedly record your info. Since the method is very easy and not time consuming, most of the customers will opt for it as a form of payment.
The last option is by the use of email invoices. You can easily send your customers emails to remind them that they should make their payments. This is the only method which enables one obtain a receipt immediately after making payment. It cuts the whole process short which could include the customer coming to the business to collect the receipt as they will just collect it from their respective emails.