Article Written by : How Merchant Accounts Work
If you accept credit cards, you know how much easier it is to track and run your business. Cash flow predictability is an integral part of business growth. Without a steady source of income, businesses don’t have a way to forecast investment opportunities, hindering growth and development that could be happening at a much higher and more secure rate. Billing customers and clients requires that you wait for days, weeks, even months to receive payment. Sometimes clients take off, never to be seen again requiring you to use a collections agency or take legal action against them in order to receive the payment that is due to you.
If you don’t know how much you will be receiving every month to due to an unpredictable billing cycle it can be hard to do what you need to do to grow your business. Will you be receiving thousands or only a couple hundred? Quick and easy results of using an ecommerce merchant account allows you get payments relatively fast, which in turn gives you more money to turn around for your business.