c) Payment Processing



Clients are ready to pay you for your services. Think about how you will process their payments.

I suggest having as many payment options available as possible ie cash, credit cards, checks, invoices. Although, accepting checks can be risky. However, if you have a smart phone and bank that allows you to deposit through your phone then taking checks can work well and allow you to avoid processing credit card fees.

Paypal and Square allow you to accept credit cards online, by invoice, on your website, and through your mobile phone. The payments are deposited directly into your bank checking account.

We are signed up for both services and switch between them depending on circumstances.

Investigate and try them for yourself.

Note: Processing fees for payments are usually tax deductible; check with tax professional.

Next Business Funding and Credit

Back to Module 6 Outline