{"id":8311,"date":"2020-10-27T09:00:15","date_gmt":"2020-10-26T20:00:15","guid":{"rendered":"https:\/\/cuaccountants.co.nz\/?p=8311"},"modified":"2020-10-27T10:17:51","modified_gmt":"2020-10-26T21:17:51","slug":"4-payment-options-your-small-business-should-consider","status":"publish","type":"post","link":"https:\/\/cuaccountants.co.nz\/4-payment-options-your-small-business-should-consider\/","title":{"rendered":"4 Payment Options Your Small Business Should Consider"},"content":{"rendered":"

\"Payments\"<\/p>\n

When customers make a buying decision, they\u2019re not just considering the quality and price of your products or services, they\u2019re also evaluating the ease and convenience of the whole buying process.\u00a0 As a business owner, you should offer different payment options to provide the best customer experience and to ensure you receive timely payments<\/p>\n

Here are four ways your small business can accept payments in 2020:<\/p>\n

1. Credit and debit cards<\/h3>\n

\"Credit<\/p>\n

Data suggests that 75% of customers<\/a> prefer to pay with a credit or debit card both online and in person.\u00a0 To be able to accept card payments in your brick-and-mortar store, you\u2019ll need to have a card reader and a merchant account.<\/p>\n

Meanwhile, if you want to accept online payments via credit or debit card, you\u2019ll need to have an ecommerce website and a payment gateway, which encrypts sensitive customer information.\u00a0 For recurring billing, you can have your customers sign up for a subscription billing plan which will allow you to charge monthly payments on their credit or debit card automatically.\u00a0 This will not only offer customers convenience, but also ensure that you get paid on time.<\/p>\n

2. ACH (automated clearing house)<\/h3>\n

Automated clearing house (ACH) processing is ideal for recurring payments in a subscription-based model as it allows customers to provide you with their bank account and routing numbers for electronic payments.<\/p>\n

Compared to credit and debit cards, the fees are lower.\u00a0 ACH also offers convenience as it will just require one-time input of information and the money will be withdrawn as arranged.<\/p>\n

3. PayPal, Stripe, and Square<\/h3>\n

PayPal, Stripe, and Square do not require you to have a merchant account.\u00a0 PayPal and Stripe are commonly used online and allow for seamless transactions.\u00a0 Meanwhile, Square is the leading choice for brick-and-mortar stores as it lets you turn your smartphone or tablet into a point-of-sale device by integrating a magstripe, Bluetooth card reader, or chip.\u00a0 PayPal can also allow you to accept payments in person, but you will have to buy a card reader and download the app.<\/p>\n

4. Contactless payment options<\/h3>\n

\"Contactless\"Contactless payment options let customers pay wirelessly and without having to input a PIN\u2013 they will just have to wave their device or card over the point-of-sale device.<\/p>\n

Visa and Mastercard are offering contactless cards to customers, and there are also mobile wallets compatible with iOS and Android which encourage customers to use this payment option.<\/p>\n

As a business owner, you\u2019ll only have to upgrade your equipment with a near-field communication reader or update your software, depending on your current system.<\/p>\n

At this day and age where technology is constantly evolving and changing the way we do business, it is important to ensure that you are adapting to stay competitive.<\/p>\n

Get in touch<\/h3>\n

If you need some guidance on the right payment options for your business, feel free to drop us a message<\/a> so we can schedule a one-on-one consultation.<\/p>\n","protected":false},"excerpt":{"rendered":"

When customers make a buying decision, they\u2019re not just considering the quality and price of your products or services, they\u2019re also evaluating the ease and convenience of the whole buying process.\u00a0 As a business owner, you should offer different payment options to provide the best customer experience and to ensure you receive timely payments Here … Continued<\/a><\/p>\n","protected":false},"author":13,"featured_media":8329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[175,204],"tags":[],"acf":[],"yoast_head":"\n4 Payment Options Your Small Business Should Consider - Chapman Upchurch<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 Payment Options Your Small Business Should Consider - 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