Stop waiting for your money
3 min. read
Dec 9, 2021
No matter what industry you’re in, you’re in the business of making money. But too often, it can feel like you’re in the business of waiting to be paid.
Of course, you’re not just waiting. You’re figuring out which payments are overdue, following up, following up again, stressing about when the money will arrive, and taking time away from growing your business to collect money you’ve already earned.
Consider these statistics:
- 93% of business payments are late
- On average, they are 37 days late – that’s more than a month overdue!
- Checks take 3 – 7 days to clear the bank
Before the pandemic, it was estimated that late payments cost small business $3 billion annually. And various studies show that during the pandemic, payments to small businesses have slowed even further.
One factor in so many delayed payments is the lag time built into the traditional system for requesting payment and getting paid. It’s time to stop sending paper around and let customers pay digitally with a credit card — it’s faster and gets you back to the business of making money instead of collecting it.
Take back your time
There are two fundamental ways to speed up payment: reduce the work on your side and remove obstacles to payment on the customer side. Plastiq Accept helps you do both.
Digital and automation tools cut both your burden and process lag time. Easily send a Payment Request through Plastiq via email and go back to running your business. Plastiq Accept keeps track of requests and sends reminders when they’re needed.
It does the heavy lifting and keeps you in touch with end-to-end visibility and reporting.
It’s the easiest, fastest way for them to pay you and for you to receive payment. There’s no waiting for a check to be cut, arrive, or clear the bank – and the money starts moving immediately toward your account.
Keep all your money
It’s your money, and you shouldn’t have to jump through hoops or pay extra to promptly receive what you’re owed. So, Plastiq Accept lets you take credit card payments without opening a merchant account or paying transaction fees.
Customers receive your electronic payment request and send money online with a credit card, and you take their payment at no cost to you. It’s easy and fast – and you get to keep everything you’re owed.
Benjamin Franklin once wrote, “remember that time is money.” In business this relationship is clear, and Plastiq Accept helps you get the most value from your time. Remove the pain of trying to collect payments, focus your time on growing income, and take advantage of the fastest way to get from payment request to money in your bank account.
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