To forge ahead with improved sales and faster growth, you can’t do without offering a variety of payment methods to your customers. This article will help you with several options to consider. Also, you’ll find secure and cheap merchant services, including a credit repair merchant account, for your business.
Customer Payment Methods & Credit Repair Merchant Account
Your customers should have an opportunity to choose their preferred type of payment. If you’re offering only a few options, you’re going to miss out on sales, thus being unable to increase your revenue.
Apart from offering the right payment methods to your customers, you might also need help with funding for your own company. This can’t be an issue if you work with a trustworthy merchant services provider that can get you the most suitable and cheapest merchant services, including a credit repair merchant account and financing, for your own business needs.
Below, you can find a number of payment types to consider for your customers:
- Cash
Good old option for physical goods and cash-on-delivery payment processing.
- Click-to-Pay Email Invoicing
Allows for getting paid in just a few seconds.
- Debit/Credit Cards
One of the most preferred options for online payments.
- Direct Deposit
This is when banks withdraw funds out of customers’ accounts to transfer payments online.
- eChecks Through ACH (Automated Clearing House) or Direct Debits
Highly popular ways to accept customer payments.
- EMV/Chip-Card Solutions
The liability change has made EMV or chip-card solutions a go-to method for merchants.
- E-Wallets
The number of people preferring to pay via their smartphones is growing incredibly fast. So, how can you leave this option in ignorance?
- Installment Payment
Installment payments are associated with a concrete amount paid in small parts within a certain period.
- Mobile Payments
A quick option for making eCommerce purchases.
- Money Orders
These payments are prepaid.
- Personal Checks
This means making payments from bank accounts to firms/individuals.
- Prepaid Cards
Again, a widespread option, especially for minors or customers that lack a bank account.
- Schedule Recurring Billing
Another highly preferred payment method that guarantees added convenience and payments without delay.
In conclusion, there’s no growth without the right payment options for your customers and the right funding for your own business needs. So, take the time to find an exceptional payment expert that can help you grow and thrive successfully.
Author Bio: Michael Hollis is a Detroit native who now lives in Los Angeles. He is an account executive who has helped hundreds of business owners with their credit repair merchant account solutions. He’s experimented with various occupations: computer programming, dog-training, scientificating… But his favorite job is the one he’s now doing full time — providing business funding for hard working business owners across the country.
