Articles in category "Payments"

As an experienced entrepreneur or an Elorus blog follower, you know how to streamline your invoicing and billing process. You know how to write up an invoice, how to send an invoice email, and how to structure your payment terms to protect your business. However, clients who cannot pay you on time will come your …

Ηaving and keeping the total control over the invoicing process from the invoice creation and emailing to the eventual payment is critical. Not only for your cash flow but also for your professional reputation. The choices you make regarding the payment process matter. Planning well before setting the invoice due date is crucial. That is …

These days, POS systems aren’t simply limited to classic open-and-close cash registers. Rather, modern POS systems are complex pieces of hardware and software that work together to bring businesses like yours into the 21st century. Whether you’re an established company still working off of clunky legacy hardware or an up-and-coming small business looking to make an investment …

We are all aware of how “money makes the world go round”. At least in business terms. The simple rule of supply and demand has one ultimate goal, and that is profit. However, to gain profit you have to actually get paid first; and here is where everything gets a bit complicated. Collecting payments is every small business …

Credit cards continue to be an important payment for both consumers and businesses when they conduct transactions in a physical location, online, or through a mobile device. As a business owner, one of many challenges is that you want to be able to offer credit card acceptance in order to attract as many customers as possible that …

Freelancers deliver and customers pay — that is the natural order of doing business. In theory, at least. For, in practice, one encounters all kind of clients that plainly refuse to pay up, from the willing-but-unable because of some recent misfortune type to those that intended to scam you all along.  (And let’s don’t forget the all too common self-righteous “this …

Whether what you do as a freelancer is a total labor or love, or just something you do to put food on the table, it’s essential that you’re getting paid for your work. This, after all, is what differentiates a freelancing business from a hobby that you might as well do in your spare time. Unfortunately, while all clients agree …

Every New Year is the mark of new beginnings. We all make promises to ourselves to become more organized, increase our productivity and overall change our attitude towards facing obstacles. In the heat of a thousand daily crises, running a business adds one more challenge to the pile; receiving payments on time. It would only make sense if you …

In our previous post, we discussed the various payment options available to small businesses and explained why online payment has already been established as the faster and most convenient payment method for small and personal business owners and their clients alike. Compared to cash payments and wire or bank transfers, online payments are a no-brainer for a modern business. Choosing …

Freelancing is an increasingly popular option among professionals. And why wouldn’t it be? You are your own boss, have control of your business (and your destiny), and can even work from home in shorts, t-shirt, and flip flops (if that’s your thing). That said, dealing with the bureaucracy and keeping tabs on your money flows, …