Top 10 Business Advantages of Receiving Payments Online

1. Top 10 Business Advantages of Receiving PaymentsOnline (Source-Invoicera) Across industries irrespective of niche, uninterrupted coordination and communication are critical for achieving goals. But, small businesses no matter how hard they try, are somewhere incapable of maintaining required coordination and communication (in any manner) successfully. In order to positively find solutions it is important to recognize these challenges in the very firststep. Businesses,nowadays regardless of the industry or size of business they’re in, are inclined towards accepting payments online. Thanks to the instant, as well as, long term overall advantages. Also due to Covid-19 outbreak, the scenario haschanged. Moreover, there has been a tremendous rise in the adoption of online payments since the use of smartphones has increased. Statista, in one of its reports, has predicted online transactions will reach USD 4,769,370m by the end of the year 2020. And, later an increase of 15% YoY is expected to bewitnessed. With businesses becoming global and aiming to capture the multi country markets, it is important to abide by consumer behaviour across. With changing boundaries, purchasing behaviours also change. But, a business has to sustain everysituation.

2. For any business, maintaining high cash flow is a topmost priority. Keeping that in mind, most of the companies are opening their doors to the world of paymentonline. Online invoice paymenthelps companies save time, are faster and save maximum efforts for the clients not to forget the social distancing going on nowadays.. It also helps in reducing excessive costs involved in physical transactions. By having an online invoice payment companies can give their clients an option to pay from the variety of online payment gateways around the world and make invoicing a hassle-free process while also enabling easy transaction tracking. It also helps in reducing the significant amount of paper invoices that will be printed and used to send invoices which makes this process environmentally friendly. Furthermore, no more hassle of waiting for a check to show up, depositing it, and then waiting for the funds to clear and going to the bank. Collecting funds through online invoice payment is not as difficult as you may think, which is why it has been adopted by companies in a majorway. Here are 10 business advantages that you may get after implementingonline invoice payment to yourbusiness. 1) InstantPayment: Online payments facilitate instant payments for an organization. It breaks the geographical restrictions and let customers purchase even without physicalpresence. One can easily make a payment sitting comfortably at home or office. The gatewayto

3. accept payment online provides the instant notification of the transaction that makesthe customer remain assured of the purchaseditems. 2) Quick & Easy Setup to Facilitate MoreSales: Setting up an option to receive online payment is easy and quick to start sellingminutes after implementing it. Moreover, there are many service providers available today that offer affordable plans with zero setup fee and very low transactionrates. 3) Reliable Mode of Payments for GlobalMerchants: An online invoice softwarewith features to receive online payment is more secure and credible for merchants than receiving payments through cheques. A merchantinstantly receives the money with no risk of bounced cheques and the fees associated withit. 4) Induces More Trust inCustomers: Customers today often consider those merchants more reliable that accept payment online through their site. It encourages them to do business with the merchant. Atthe same time, online invoice payment offers the consumer with the fraud protection that secures their money if they don’t receive the product purchased online througha website. 5) Adds Convenience to RecurringPayments: If you are offering some subscription-based services where your users/customers need to make payments after a certain period of time, the option to receive online payment could be more suitable for you. Instead of sending them reminders every time and requesting to send cheques for the payment, you can automatically collect payments after the end of the subscriptionterm.

4. 6) Credit Cards to Facilitates Low BalancePurchases: Customers can use their credit cards to make payments, even though they don’t have money in their bank account. More importantly, you can break down the payment into several instalments, if you are selling expensive items. And one can use creditcardsto pay for the purchases ininstalments. 7) Boost Referral Marketing with Online PaymentVouchers: If you have an online invoice payment system in place, you can create an affiliate program where your affiliates can earn referral commissions by sending buyers toyou. This will boost your sales and can find an affiliate network, working to increaseyour revenue. 8) Getting a competitiveedge: For a merchant, an option to receive online payment,can improve reputation allowingit to gain the trust of the customers. Moreover, when others have online payment systems, you cannot afford to ask for payments via cheques as your strategies will significantly soundobsolete. 9) Influences impulsebuyers: An online invoice payment method may influence customers to purchase items listedon the website. Since the transaction is quick and easy, and one can pay via credit cards, buyers are more likely to grab the deal, if there is an online payment system inplace. 10) More Sales with Last-minutedeals: Many times, merchants throw cost-saving deals to lure customers. If you can receive online payment on your site, a customer can grab a deal even at the lastminute.This will increasesales.

5. ACCEPT PAYMENTS INSTANTLY:INVOICERA Invoicera is an online invoicing software that integrates into your current ERP andCRM and automates your entire invoicing and payments process. It supports 30+ payment gateway solutions that are right for yourbusiness. A list of payment gateways that are integrated withonline invoicesoftware: Integration with International Payment Gateways (Forte, PayGate, SagePay,Eway, Ogone, BluePay, Network, 2checkout, Braintree, Authorize.Net, Stripe,PayPal, Moneybookers, iTransact, Setcom, paymate, VCS,creditcall). Integration with US/Canada Payment Gateways (Alipay, FirstData,Psigate, Beanstream,Moneris). Integration with Indian Payment Gateways (Paypal, Payoneer, Razorpay,Paydollar, Citrus, PayU India, EBS,Asiapay). With artificial intelligence and smart integrations and interface, know your cash flow in the local currency, automatic conversions to track currency gains for better business decisions. Record and amalgamate offline payments with online payments. Acomplete set up to help you understand your business with useful paymentreports. Get Free Softwaretrial Or Contactus