The 5 Best Ways to Collect Customer Payments

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For business owners, keeping up with payments can be difficult at times. To ensure timely payments, your customers should have a variety of payment options that facilitate an easy transaction on their end.  Having payments that come on time is very important and reduces headaches and frustration!

While payment technologies continue to advance, customer expectations continue to rise. To adapt to this, your business must offer several ways for customers to make payments. No one wants to mail in a check or pay over the phone, they need to have multiple available channels to make payments!

Add a Payment Button To Your Website

Incorporating a simple “pay now” button to your website can be a huge benefit to your customers. Being able to accept payments online is a big hurdle many businesses face. Adding e-Commerce to your business's website is a great way to increase revenue and attract customers. This allows customers to make purchases or pay bills at their personal convenience, saving you time asking for a check or other forms of payment.

Send Online Invoices

Invoices are a common way many professional companies send bills to customers through email. Sending traditional paper invoices to take too long and often results in late bill payments. Through online invoice technology, you’re able to streamline the collection of your payments online. Customers can simply hit a button before being directed into a payment portal to securely make their online payment. With more payments occurring online, customers expect every business to offer online payments.

Accept Recurring Transactions

Accepting recurring payments from customers is the easiest and most cost-effective way to take payments. ACH Payments allow customers to pay from their bank account and every month on a set date the payment will be taken out from their account. Customers can be charged monthly, yearly, or on whichever payment schedule they are on. ACH payments are also the safest way to accept transactions for both customers and businesses. The main benefit of recurring transactions is that customers don’t need to manually enter payments every time they need to make a payment. The transaction is safely processed every month utilizing ACH payments.

Take Payments On-The-Go

For businesses that are on the move, accepting mobile payments can make a big difference. For service-based businesses, they typically rely on customers mailing in checks or writing down credit card information. Using a simple mobile payment system, Gulf Management Systems allow merchants to accept payments wherever they are. Less people carry cash these days and customer preferences are leaning towards credit and debit card payments. Having this kind of flexibility allows businesses to increase their revenue and eases of payments for their customers.

With the right payment technology partner, your business can accept a variety of payments. At Gulf Management systems, we create a customized payment solution that fits YOUR business, contact us today and see how your business can succeed with us!