To keep a steady cash flow as a business, you've got to get paid. Schannon and Chris, who run a tile installation and design business, break down the different payments barriers they've encountered as business owners and share their tips on how to get paid faster.
What payment options do businesses typically offer?
Offering flexible payment options increases the likelihood of businesses getting paid sooner. Some payment options include cash, credit card, digital wallets, in-person, and ACH payments. Nowadays, there are also buy now, pay later options. Different payment options may work better for different business situations. For example, ACH is a good option for larger or recurring transactions. It's built for predictable, high-volume payments rather than one-off purchases.
What's the best payment processing solution for a business?
Payment processing is the system that securely authorizes, verifies, and routes money from customer to business. The best solution offers flexible p...
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