What payment methods should I offer to customers?
It's now easier and cheaper than ever to offer multiple payment methods to customers. This can help you get paid faster, and provide a better service and user-experience. You should consider the following options:
- Bank transfer
- Standing Order
- Direct Debit
- Debit/Credit Card
- Credit Account
Many small businesses think that Direct Debit and Card payments are too expensive and difficult to implement. Recently some great providers such as Go Cardless for Direct Debit, and Stripe for card payments, have turned this around and now provide payment services with no fixed fees or set up costs at all, and competitive transaction costs. With online portals and no need for you to take card details directly, all of the compliance work is handled by the provider. These two services link seamlessly into Xero, so if you're already a Xero user and want to take card or direct debit payments, give us a call to find out more on implementing these services.