How is your accounts receivable report looking these days? Do you have to chase down customers who promised to pay within 30 days who have let 60 days go by without a word? Maybe it’s time that you looked into doing your transaction processing via credit and debit cards instead of cash, checks, or empty promises.
Once you are set up to receive credit and debit cards, the payments will be immediate. The merchant account provider will quickly check whether the card is good or not, and even check whether it is over it’s limit. If it’s been reported stolen from someone, the payment will not go through. If they’ve been on too expensive of a shopping spree, then it will not go through. It’s a level of protection that you just cannot get with checks.
