Do you have direct debits and online payments set up for your business? Making it easy for your customers to pay you is vital to business success. Getting direct debits and alternative payment methods linked to your business is so easy these days there’s no excuse not to give your customers multiple ways of making payment.

Why Use Direct Debits and Online Payments?

Many service-based businesses choose direct debit arrangements with their clients to avoid late payments. If you’re often chasing overdue payments, consider implementing direct debit arrangements to reduce your administration time.

If you’re already using online accounting software, check the add-on solutions and choose one that integrates with your accounts. This means the payment platform information feeds directly into your accounting system, making it easy to match customer transactions.

Make it Easy

You probably already have bank transfer information set up, but adding several other methods—such as PayPal, debit cards, and credit cards—allows customers to select the method that is most convenient for them. Many customers appreciate the automation and simplicity of direct debits.

Ensure your payment terms and conditions are clear on your website and invoices. Don’t forget to include all your chosen payment methods to provide maximum convenience for your customers.

Worried About Costly Fees?

You have the choice to decide whether you will:

• Absorb the cost of payment gateway processing fees
• Pass on the cost to clients by adding the fees to your invoices

Your accounting software will allocate the funds appropriately, ensuring that invoice payments and fees are correctly matched and tracked.

Better Transaction Recording

When you integrate direct debits and online payment methods with your accounting system, you dramatically reduce errors in recording customer payments. This means less time spent on your accounts and fewer administrative headaches.

Not Sure Where to Start?

If you’d like to make it easier for customers to pay you, talk to us about which solutions are best for your business. We can help you identify the platforms with the best and most secure integrations with the accounting software you use. Let us help you streamline your payment systems efficiently and securely.