How payment processing can help you grow your business

Payment processing gives you the tools you need to help improve cash flow, shorten your billing day, and gain a competitive advantage so you can focus on more important tasks — operating efficiently, growing your business, and improving client care. Here is a closer look at the benefits:

• Improved cash flow: Accepting credit cards can dramatically improve your agency’s cash flow; credit card transactions are processed electronically and settled quickly, with funds typically deposited into your bank account within a couple of days. This means no more waiting to collect from your customers or for checks to clear, as well as no more floating payroll. With payment processing, you can expect a less stressful payday, and caregivers can get paid on time, every time.
• More options to pay: It’s all about choice and flexibility. Whether or not a client ultimately decides to pay by credit card, they will appreciate having more options. By offering credit card and ACH options, you may attract customers who don’t want to mail in checks. Essentially, you can retain those who do like to pay by check, while opening the door to those who prefer to use cards.
  
• Competitive advantage: Many of your competitors already offer customers the option of paying by credit card. If people are given the choice of buying a product or service from two competing businesses, and one accepts credit cards, this could be the deciding factor.
  
• A shorter billing day: When credit card payments are deposited directly into your account, it removes the need to manually create and print invoices, stuff envelopes, reconcile payments, go to the bank, and deal with bounced checks.
  
• Excellent ROI: Payment processing is a relatively inexpensive business expense when you consider what you gain in return. Agencies are able to spend more time growing their business because they’re not buried under administrative tasks related to billing. In fact, many agencies discover that the increase in client satisfaction and new business more than covers the costs involved, making payment processing an excellent return on investment.