Make it simple to get paid on time
3 min. read
Nov 12, 2021
If you run a small business, it’s probably no surprise that 93% of businesses are paid late. And when a payment’s late, you spend time chasing it down that could be better spent moving your business forward.
But you do it because getting paid on time is essential to your daily operations. It’s what enables you to pay employees on time, order or create replacement stock, and cover your other business expenses.
If customers pay on time, they still have to cut a check and mail it to you, and then you have to process it. So even when the check is in the mail, you’re a long way from being able to use your money.
The good news is that it doesn’t have to be this hard. In fact, there’s a solution that will free you from the traditional headache of using paper invoices, chasing down payments, and processing checks. And you’ll be able to collect immediately.
Eliminate the drag of traditional payment cycles
The traditional payment cycle includes a lot of lag time. Time stands still from the moment you mail the invoice until it arrives at the customer, and again from the moment the customer sends the check until it arrives to you.
Cut lag time by asking for payment via digital invoices, payment requests, email, or even text messages. Going digital dramatically reduces the time and cost of getting paid. In addition to reducing the time to payment, there are no paper, no envelopes, and no postage to cut into your profit margin.
To reduce lag time on the customer side, include a custom payment link. The customer simply clicks on the link and pays you with a credit or debit card. There’s no check to wait for and their payment begins moving immediately toward your account.
With custom payment links, it’s just that simple. They let you capture payments immediately, without chasing and waiting.
Accept credit cards with no processing fees or a merchant account
When you use a Plastiq Accept custom payment link, you get paid via credit card – and you won’t pay processing fees or have to set up and manage a merchant account. Customers can also pay with a company debit card, if they’d prefer.
It takes just a few minutes to get started with Plastiq Accept. Sign up and your payment link is automatically created. Just copy and paste it into digital invoices, emails, texts, and Plastiq payment requests. There’s no merchant account to set up and no banking hassles.
It also extends your payment flexibility. For example, you can turn your custom link into a payment button on your website with a single line of code. Using your link and accepting credit cards let you request payment from anyone, at any time.
Plastiq Accept gives you simple, flexible options for instantly collecting card payments. Because you’ve got better things to do than chase after your money.
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