Business payments don’t have to take a lot of your time to review, make, and send thanks to the wide range of online companies that now provide business payment solutions. Many of these are low-cost online options that you can use to send business payments from any device at any time while also linking to other programs that track invoicing and accounting processes.
This reduces the paperwork and resources that typically go into this aspect of running a business, freeing you up to do more tasks that make you money.
Here are 10 tools that help you handle your business payments:
- Due: Due provides a way to cover online invoicing as well as accept a wide range of credit card payments through its integration with PayPal, domestic and international credit card processing, ACH/e-check payments and its digital wallet functionality. Reporting features also help to keep track of what is outstanding and what has been paid. Low transaction fees on credit card processing and numerous free tools make this an ideal tool for startups, freelancers, and small businesses.
- CSI globalVCard: This payments company provides a way to handle virtual payments rather than relying on corporate credit cards or accounts. Payments can be made anywhere on any device using virtual credit cards, which is ideal for business travelers. Numerous features help track spending and overall expenses as well as determine what has been paid or needs to be paid shortly.
- Square: Square provides a way to accept credit card payments on an iPhone, iPad, and Android device. The standout feature with this mobile business payment provider is that you can receive your payments the very next day. It also allows you to automatically integrate its mobile payment system into your own mobile apps.
- Stripe: Made for developers who are looking to integrate a payment system into their projects, Stripe has a robust API and a platform that acts like a merchant account. That means it handles all merchant approvals and PCI compliance. There is a small percentage and fee per transaction with no monthly fees. While it is embedded on your website, Stripe still works with multiple devices
- Venmo: Venmo provides a way to send and receive money, linking to a debit or credit card or bank account. It offers a way to make checkout on a business website easy and fun for the customers, adding a touch of social currency to the experience. It is highly secure and free with many methods of payment.
- PayPal: This is one of the most widely used business payments companies. Money can be sent or received through PayPal. An account is free and it can be linked to a business and personal bank account. PayPal also lets you keep your funds in their account and offers a debit and credit card to use those funds. It is a great feature for small businesses, startups, and freelancers as well as online retailers because of its ability to provide a secure and convenient payment integration option for websites. Highly regarded as on of the top payment companies in the world.
- ACH Payments: This is considered to be one of the most comprehensive business payment systems available because it can take payments from around the world. It works as a payment gateway, credit and debit card processor, merchant account, mobile payment processor, and ACH/e-check process. It even has a payroll system solution attached to it so you can automate payments to vendors or freelancers.
- Dwolla: While Dwolla does not allow you to accept credit cards, you can send and receive money through your email, which is great for a small business. The business payment service offers low fees, including free transactions under $10 while others cost just 25 cents. Transfers between a bank account and Dwolla are also free. Recognized as a top ecash company.
- Tipalti: Tipalti is a global payments company that provides a way to accept payment from across 190 countries and currencies, including dealing with local tax regulations and fees. This automated payment management system saves companies time and money, providing with a way to streamline any mass payout management process. Features also include reconciliation and reporting tools to keep you on top of your business payments.
- Quickbooks: If you use Quickbooks, you can enjoy full accounting software that also lets you do online and paper invoicing as well as accept credit card payments through an eCommerce portal or via a credit card reader attached to your smartphone. It offers a pay-as-you-go rate on all transactions or the option to pay a monthly fee for a lower per-transaction rate.
Your business will enjoy greater revenues and cash flow as well as reduced time spent on non-revenue processes and lower overhead when you put any of these business payment solutions to work for you.