£255 billion owed in late payments to British SMEs is an ‘enormous sum’, and that it is no surprise that many have experienced cash flow problems as a result.
Jason Eatock, head of SME at Zurich.
Late payments can make it difficult for businesses to operate as it affects their cash flow and financial planning. While there are good business practices that all businesses can follow in order to ensure that they receive the money they are owed, sometimes it’s just not enough.
One cost effective solution that companies and Sole Traders can use is a Merchant Service Account. Simply collect overdue accounts by Debit or Credit Card over the phone or face to face.
This process is exactly the same as the one you use to pay for you products or services in a store or Online. Payment can be taken Over the phone or face to face (MOTO).
Your business could operate a physical terminal or a Virtual Terminal
- Collect over the phone or face to face
- Cash paid directly in to your bank
- Cheaper than charging interest and delaying receipt
- Less labour intensive to collect
- Everyone has a Debit/Credit Card
Call me now to open a new Merchant Account FREE
About Cornel Sampson
Helping UK Businesses MAKE MONEY and SAVE MONEY on rates they pay to the bank for taking payments by Debit/Credit Cards
Helping Retailers and service providers to take payments by debit/credit cards face to face or online – Saving up-to 60% in Fees & Charges
Call me NOW for a FREE Merchant Account