Electronic Payments Save Money
With electronic payments, your customers save money on buying printed cheques. Since electronic payments use no paper, paying online also helps conserve natural resources and reduce the need for landfill space. Once they adapt to paying online, it’s up to you to make it worth their while.
Consider offering them a small discount for paying their invoices early and electronically. When they’re comfortable with the process, the benefits of paying their invoices in a click or two may outweigh their desire for a discount.
Keep in mind, if you offer a discount and plan to discontinue it after a period of time, you should let your customers know up front to preserve their trust in your small business.
One way to do this is to use the discount as an introductory offer to online payments and limit it to a set number of transactions. For instance, you could offer a discount for their 10 transactions or 90 days, depending on how frequently they pay you.
Getting people to change their ways might seem challenging, but the time you spend showing them how to pay you online cuts down on stress for both of you. For them, it ensures they’re always up to date with invoices, and for you, it eliminates the slow arrival of paper cheque payments and bounced checks.
If you’re not 100% successful in converting your patrons to ditching the paper and paying by electronic cheques at first, don’t be discouraged. They might come around sooner than you think. While you wait, consider investing in point-of-sale software that turns paper cheques into electronic cheques.
QuickBooks Online helps you create and send smart invoices that help you get paid two times faster. Try it free today.