Getting tired of collecting checks but hesitant to implement an electronic payment solution? We get it. Searching for a platform, getting set up, training your team, updating your invoices… it can seem a little daunting.
If you think about the big picture — running your laundry effectively, saving your team time, reducing administrative overhead, and making it easy to get paid — online payments is an easy choice.
Here are 19 ways that online payments can help your laundry business that you probably haven’t thought of:
- You don’t need to spend time manually collecting checks anymore.
- Your customers will find it easier to pay you which leads to a better customer experience.
- You’ll get paid faster, at any time, from anywhere.
- It’s less steps and time to get money into the bank. That payment goes right into your account.
- No need to wait for checks to clear or deal with bounced checks.
- Saves you admin overhead because online payment requires less bureaucratic work than checks.
- It improves your cash flow by getting money into the bank quicker, and improving the efficiency of your money moving.
- Easier to report and track income with an all-in-one payment tool.
- Online payments connect with online invoices which can be delivered via email, reducing paper, mail, and other repetitive time-consuming tasks.
- You get notified when payments are made so you’re kept in the loop in real time.
- No need to make trips to the bank to deposit checks or cash.
- Proof of payment helps keep you protected.
- Partial payments can be collected depending on your business and customer needs.
- No more lost checks or missing cash.
- It’s more safe and secure than handling checks or cash.
- Less touchpoints between you and your money means less opportunities for something to go wrong.
- Simple to reconcile payments and do accounting/bookkeeping.
- Less cost and time printing invoices and mailing receipts.
- You get reporting and a paper trail, so you can provide your customers with proof of payment at any point in the future.
Curious about electronic payments? Learn more about LinenMaster Payments here.