Are you aware that when you accept credit cards as a form of payment, you are increasing your cash flow dramatically simply by not having to wait for checks to arrive via snail mail? In addition, not only are you improving your cash flow, but you’re also enhancing your customers’ experience as well.

Take a look at these examples.

Here’s how you benefit:

• You have a contract to clean an office building every week.
• Your payment terms are due upon receipt of the invoice.
• The invoice is mailed on the first day of the month.
• It’s in the recipient’s hands in seven business days.
• Terms are net 30, so now you don’t get paid for almost 40 days!

Versus:

• When you accept credit cards, the cardholder’s card is on file.
• The invoice is sent electronically on the first day of the month.
• Payment is received on the first day of the month.
• You NOW have your money in 1 day vs. 40. Wow, that’s cash flow!

Here’s how being able to pay with a credit card benefits your customers:

• The customer receives your invoice on the first day of the month.
• Their credit card on file is billed on the first day of the month.
• Their credit card payment is not due until the following month.
• They’ve just kept their cash on hand for more than 30 days and eliminated a lot of paper and unnecessary accounting.

WIN, WIN ALL AROUND!

Important tip when accepting credit cards:

• Work with a reliable processor that will set up the payment process properly and ethically.
• Many processors will raise rates twice a year—typically in April and October.

So, if you’re currently accepting cards and see your fees escalate in October, it’s a red flag that you’re now paying more than you should.

Reach out to ISSA’s payment processor Propelr today to increase your cash flow and protect yourself against escalated fees.

Click here to schedule an appointment with Lynda Stockslager from Propelr: https://calendar.app.google/FT9BoVQM4pL9Tkwj8