Direct Payment can be used to make and receive payments. With Direct Payment, you can simplify the payment process for you and your customers and free up time, money and energy to grow your business. Whether you are an operation of 10 people or one slightly larger, your business can gain big from Direct Payment’s advantages.
By implementing Direct Payment in your business, you can automate your accounts payables by making electronic payments to your vendors and service providers. This can allow for better cash flow management and easier reconciliation and reporting.
Additionally, you can collect payments from your customers electronically: This saves administrative costs, enables more accurate forecasting, and provides your customers with safe, cost-effective and fast payment options.
Direct Payment via ACH is ideal for:
• Cash concentration and disbursement
• Charitable donations and recurring gifts
• Consumer bill payments
• Vendor and supplier payments
Your Direct Payment transactions are safe: Because money is transferred directly between accounts, Direct Payment is a secure method of sending and receiving electronic payments that reduces fraud and the risk of identity theft.
SMALL BUSINESSES BENEFIT WITH DIRECT PAYMENT, SAVING $1.50 OR MORE PER PAYMENT
Visit our calculator for a quick estimate of the savings your business can achieve using Direct Payment.
Direct Payment via ACH is easy to set up and use. Simply contact your financial institution or payroll provider to set up the service. Most business software packages now include Direct Payment as a standard feature.
Once set up, contact your suppliers and service providers directly to authorize the regular electronic transfer of funds, and begin promoting Direct Payment as a new payment option to your customers to help encourage use.
Use these resources to support Direct Payment implementation in your business and to promote this payment option to your customers.
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