{"id":24686,"date":"2024-05-01T12:00:00","date_gmt":"2024-05-01T19:00:00","guid":{"rendered":"https:\/\/honeybook.site.strattic.io\/?p=24686"},"modified":"2024-05-01T11:55:58","modified_gmt":"2024-05-01T18:55:58","slug":"how-to-accept-payments-online","status":"publish","type":"post","link":"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/how-to-accept-payments-online","title":{"rendered":"How to accept payments online: A quick-study guide"},"content":{"rendered":"\n

Learning how to easily and securely accept online payments simplifies the billing process and generates a healthy cash flow. Use these 5 tips to get started.<\/em><\/p>\n\n\n\n

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In business, two things are too often in short supply\u2014time and money\u2014and they’re often intertwined. The time it takes to generate invoices, follow up on unpaid bills, and track payments takes away from revenue-generating activities. Yet neglecting these tasks will hurt your cash flow.<\/p>\n\n\n\n

A digital payment management system enables you to accept payments online, making the payment process easier for both you and your clients. Clients get a secure and simple way to pay. You get paid faster and more efficiently. What\u2019s not to love?<\/p>\n\n\n\n

Clients around the world are embracing digital payments. In 2024, total online transaction value is forecast to surpass\u00a0$11 trillion<\/a>, and it should continue to grow by nearly 10% a year through 2028.<\/p>\n\n\n\n

Small businesses are adopting online payments at a rapid rate, too. Today,\u00a088% of businesses<\/a> accept digital payments for credit cards, and 71% accept ACH payments.<\/p>\n\n\n\n

Failing to adopt online payment options puts your business at risk. Clients that want a digital option may go elsewhere\u2014driving business to your competitors. This can put you at a significant disadvantage, resulting in missed opportunities and lost revenue.<\/p>\n\n\n\n

Handling payments manually drives up your overhead costs, and it’s significantly less secure. It can be difficult to track transactions and make sure you\u2019re getting paid what you\u2019re owed\u2014especially if you have significant sales volumes.<\/p>\n\n\n\n

With digital options now being the preferred method for payments, not offering them can also impact your brand’s reputation. Clients may think you’re behind the times and less innovative.<\/p>\n\n\n\n

So how do you get started with online payments? We\u2019ll walk you through five steps you should take to accept both card and ACH payments\u2014two of the most popular options for service-based businesses. But first, let\u2019s talk about the strategic questions that will guide you on your journey toward implementing an online payment solution.<\/p>\n\n\n\n

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