9 Small Business Payment Options For Your Growing Business

By Author: sifip
Total Articles: 687
Comment this article

As a small business owner, you most likely wear many hats. Making payments easier for your customers and team is just one of your many important responsibilities. When it comes to small business payment options, simplicity is key. Make it as simple as possible for customers to pay. Make payment management simple for your team. Make it simple to access all of your financial information whenever and wherever you need it.

Are you ready to broaden the payment options available to your small business? Here are nine different types of payments through online payment gateway to accept and how to successfully set them up (no more paper trails or file cabinets!).

1. Accept Credit Cards Securely
Whether they are buying online or in person, 75 % of customers prefer to use a debit or credit card.
To accept credit cards, you must ensure a secure process. Look for a small business payment system that ensures PCI compliance at every stage of the transaction so that your customers' information is secure. All of your credit card processing, transaction history storage, and credit card account storage will be handled ...
... by a PCI certified company.
It's worth noting that the best small business payment systems support roles and permissions. This feature allows you to control who on your team has access to secure payment details, preventing unwelcome security breaches.

2. Explore Mobile Payment Options for Small Business
For good reason, many small businesses are jumping on the mobile bandwagon! People are spending more time at home, but they still want to use certain services.
Mobile payment options for small businesses are critical for everything from in-home massage services to pet grooming. Use a credit card reader to swipe your customers' debit or credit cards and collect payment instantly.
The best mobile POS system will also securely store vital customer information, making future payments a breeze. This information can also be used to generate automatic receipts for your customers' records!

3. Offer Affordable ACH, or eCheck, Options
Some small businesses, such as home contractors or childcare providers, require more expensive or frequent payments. In these cases, one of the best small business payment options is a direct withdrawal from your customer's bank account via ACH payment processing using an eCheck.
Your client can use this small business payment option to enter information from a paper check (routing and account number) into an online payment form. The payment is made electronically, without the use of a paper check.
One of the most significant advantages of ACH is that the information does not expire, as it does with credit and debit cards.

4. Add Easy Email Invoicing
Are you a small business that provides a service? You could be a chiropractor, a house cleaner, or the owner of a landscaping company. Email invoicing is one of the most efficient small business payment options in situations like these.
With click-to-pay invoices, your customers can instantly see how much they owe and enter their payment information. What's better? In a matter of seconds, they will receive an automatic receipt. When you use a fully integrated payment system, all of your financial reports and data are conveniently saved in one place.
No more fumbling with paper invoices or chasing down checks after an appointment!

5. Set Up An Online Storefront
You can sell both one-time and recurring products and services through an online storefront. You can even accept registrations for events or donations.
The advantage here is the ability to generate business online 24 hours a day, seven days a week, allowing you to focus on your passion. Whether you're selling weekly meal plans or subscription-based services, an online storefront streamlines the process for both you and your customers.

6. Create An Online Payment Gateway
Similarly, for fixed-rate service businesses, an online payment gateway provides features that make it simple to sell your services online. Mobile car detailers, dog walkers, and a variety of other small businesses can benefit.
This is how the procedure appears. Visitors to your website can book an appointment, pay using the best online payment gateway form, and even save their information for future purchases. It's really that simple! By accepting online payments, you give your customers complete control over the payment process, which boosts your company's revenue.

7. Make It Easier With Recurring Payments
Let's face it, everyone nowadays is pressed for time. Your customers and clients will appreciate your ability to "set it and forget it."
Recurring payments enable regular ACH or credit/debit payments. This is perhaps the most important small business payment option for businesses such as dance studios, gyms, and daycares. Your clients are all set once they select the payment plan and frequency from your options. They'll appreciate not having to deal with another payment task, and you'll never have to chase them down for a late payment. It's a win-win situation!

8. Consider Payment Plans For Small Business
Many families live on a tight budget. Payment plans for small businesses can be useful when it comes to expensive services such as contractor services or learning academies.
Some small business payment software solutions make it simple to divide payments. However, the key for a small business is an automated solution. Tracking and following up on payment plans can be difficult as a business owner. Find a payment tool that will automatically debit clients or send invoice reminders instead.
Your customers or clients will appreciate the increased flexibility, which means you will be able to attract more business and reach a broader range of clients.

9. Integrate These Payment Options Into Your Custom Mobile App
If you are a small business that has created a mobile app, you understand how important it is to provide users with a complete experience. If your application does not accept payments, both you and your customers will suffer. Consider integrating payments with online payment gateway India service providers instead of redirecting customers to another solution or a website from your app.

Customers will have a streamlined and secure payment experience without ever leaving your solution if you integrate payments within your mobile application. This capability not only adds value to your users, but it also increases revenue for your company organically.

I love to write.