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. Some of the options you ought to take into account are outlined here in this article.
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. Here your customers are free to put down on paper there details and they can as well post it online where you will easily transfer it to a screen. It is cheaper as the money you pay as a fee of transaction to the ACH association is relatively lower than that charged for credit card processing.
You can as well decide to use your personal mobile phone to make payments where you have shopped online. This is because almost everyone has a mobile phone with them and they can use it to purchase the items they need from online shops and use the same phone to pay. This has been made possible by the use of chip cards or even manual entering of the info in these devices. This is no longer the suspected to be the insecure method as the industry has responded positively and all is right now.
Payment using online gateway methods is another option that can be used for any given small business effectively. 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. It is evident that the clients will love this method of payment as it is very cheap to use, it has no long processes.
The last option is by the use of email invoices. Writing invoices to the clients and sending them via emails is a very easy way of letting them know that their payment time is due. By the use of this method, the customer is assured that he or she will obtain a receipt with an immediate effect. 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.