In these troubled economic times business owners can and will face the issue of late/non paying customers. What can be done?
1) Offer multiple payment methods. If you only offer credit cards you are losing a significant percentage of customer's that:
a) do not have a card b) will not give out card info or c) are at or over their limits.
By offering an ACH option (checking/savings account debits) you offer them an alternative and significantly reduce fees you are paying on credit card transactions (2% or more)
2) Offer payment plans. Let's say you sell a $300 product or service. You can easily
set up a payment plan whereby the customer's bank account or credit card are debited
automatically for 6 payments of $50 (many options available)
These are just 2 ways to help your business in tough times. For more info visit
www.ACH-Payments.com and find out about the Guarantee.
By: Wayne Akey
ACH-Payments.com
