How can a business owner benefit from online payment services?

2017-06-09
How can a business owner benefit from online payment services?

Roughly since 2004, the billing market started showing signs of and unchangeable new trend that would dominate the market in the following years: electronic payment methods started to grow whilst the use of other old-fashioned payment methods increasingly declined by more than a half in the last decade.

Today, more than 10 years after, this tendency hasn’t changed a single bit: at least 80 % of all payment transactions around the world are done in some electronic way.

Banks all over the world are offering their clients options to bill all their basic debts and payments in their online platform so paying for rent, utilities and internet is only one click away.

E-Payments are the future of your business

Having to deal with cash and continuously calling the bank to confirm a check or a bank deposit or waiting day to receive a mail-in billing from your customers was the day to day struggle.

This is one of the major reasons why electronic payment methods have grown so much in the past decades: they don’t only make your client’s life easier, they make every business owner’s life easier.

Setting an E-payment core solution for your store or company might feel difficult or complicated at the beginning but with the right help and guidance, just like the one we provide at Modular SoftSystems for our clients, you will see it is as easy as typing in some numbers.

It is possible to have a fast and direct bill without the hassle of continuously checking with your bank if you have received your money, or having to bother with carrying big amounts of cash to deposit safely into your account. If you join the world of online payment today, you will benefit greatly:

1. It’s safe

All the information sent and used in an online transaction will be encrypted so neither you, nor your clients will have to worry about it.

2. It’s easy

The flexibility of online payments lets your customers pay with just a click. No need to reach out for banks, checkbooks or paper invoices so you will be more likely to get paid faster.

3. It’s time saving

When you leave the process of collecting your money to an online payment solution, you won’t have to worry again about spending time to make sure things are working properly. These are valuable hours that you can invest in improving your business and growing more.

4. It’s green

If you haven’t thought about it, paper invoices and billing documents need a ton of paper and ink that will be saved when you move these transactions to the net. You won’t be saving just money; you will also contribute less to pollution.

Understanding what the client wants has always been fundamental to a business’ success, there is no coincident in the saying that the customer is always right.

These new era customers expect to locate all of their payments on an electronic basis so you, as a business owner, must make sure that you can provide exactly that.