For many small business owners, whether freelancers or retailers, getting paid quickly and/or on time can be a gripe. Many businesses, small and medium, use the old-fashioned direct bank transfer, you know the sort-code and account number method? It’s popular but in a fast-paced world, it’s not always so efficient. So what can you use instead?
✨ 𝑺𝒆𝒕 𝒖𝒑 𝒂 𝑫𝒊𝒓𝒆𝒄𝒕 𝑫𝒆𝒃𝒊𝒕: Sound complicated? It’s not. If you sell a subscription service or have a client on retainer this is super simple and there are lots of providers you can use to set up direct debit mandates for your clients! Did you know? The amounts you collect can also be changed month to month if your sale amount changes.
✨ 𝑰𝒏𝒗𝒆𝒔𝒕 𝒊𝒏 𝒂 𝒈𝒓𝒆𝒂𝒕, 𝒑𝒐𝒓𝒕𝒂𝒃𝒍𝒆 𝑪𝒂𝒓𝒅 𝑹𝒆𝒂𝒅𝒆𝒓: When I say invest, in this case investing means spending between £20-£40. A portable card reader can make your life so much easier. If you go for one with a keypad and a good compatible app, you also don’t need the customer to be present when accepting payment. You can take payment over the phone. It’s simple, effective and efficient.
✨ 𝑼𝒑𝒈𝒓𝒂𝒅𝒆 𝒕𝒐 𝑸𝒖𝒊𝒄𝒌𝑩𝒐𝒐𝒌𝒔 𝑶𝒏𝒍𝒊𝒏𝒆: Want to streamline your accounts AND get paid faster? Yes? QuickBooks enables you to send Invoices to customers with integrated payment options, either Direct Debits or Card Payments through the PayPal Payment gateway! Don’t use invoices? Don’t worry! You can use one of the above methods and send a receipt to your customer from QuickBooks Online once payment has been received! It’s really that simple. Plus QuickBooks has many other features that can benefit your business.
98% of adults in the UK own a debit card. If you don’t already accept debit card payments, now may be the time to consider doing so. Integration with QuickBooks can take your business up a notch further. Want more info on any of the above? Contact us today.