How To Get Paid Faster - 5 Quick Tips

Working with businesses daily, we know how important getting paid is. Because of this, we want to share tips on getting paid faster, reducing outstanding invoices, & increasing revenue. We have explored 5 simple things you can do to get paid faster.

It seems a simple option, but we see many business owners over-cater to their clients, providing them a list of options for paying but no credit card option. By simplifying the accepted payment types and offering digital payments, you increase the rate of being paid faster. Clients in the past may object to providing card details over the phone. However, providing secure online bookings with seamless payments is no longer a concern and an expected offering. If you are still calling your clients to get their credit card details, consider allowing clients to enter their details themselves. The rate of card entries will likely increase.

2) Charge upfront deposits

Another simple way to get paid faster is by asking clients for a deposit to secure their booking. Upfront payments tend to formalize a booking, the commitment of depositing money holds people to appointments and reduces last-minute cancellations. Secondly, upfront payments protect you if a client does cancel your booked time has already been paid for.
Similarly to enabling credit card payments online when your clients' book, an upfront deposit or full pre-payment is a rather common requirement to secure an appointment.