Now is the time to spring into the season ahead and get ready. If you are in the service industry, you are probably eagerly anticipating a busy spring season. You may be working on signing new customers, pre-planning the spring clean ups, tune ups and bookings. You need to be staffed and ready when the warmer weather breaks. Whether you are a landscaper, painter, roofer or other similar business owner – you know this winter (all across the country) has been colder and snowier – we can’t wait for March.
This is the best time of year to set up the payment processing tools that you will want to have this year. From digital payments, e-Check, and pay by Q/R to the old standby of e-mail with secure payment links. You want to stay PCI compliant, help your customers pay on time and keep accounts receivables at a minimum.
We heard many business owners struggled to close out the 2024 billing cycles with customers who were not on auto-pay programs. If you need to “clean up” A/R or just want to change the game in 2025, here are the things you need to do now.
Digital Payments
Use all of the tools you have. Text to Pay, if you have not yet, you need to consider this now. The trends show that more people are paying for their goods and services on their mobile device. You need to meet them where they are.
eCheck Payments Are On the Rise
Paper checks still have a place in collecting payments, but more and more companies have adopted electronic check payments. There is reduced time to payment and the ability to accept funds quicker than the traditional mailing of invoice and processing.
Q/R Codes and Secure Payment Links
Giving customers a choice to pay the way they want can also be accomplished with either a scanned link or click to pay via e-mail. The customer can then choose to set up recurring payments, budget billing, eCheck or credit card and make sure their account is current and paid on time.
There is still time to activate any and all of these tools in your TransAct Merchant Services account. Reach out to one of our team today. Book a one-on-one call, review your account (or set up a new one).