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5 Strategies To Keep Your Customers Paying On Time (Or Even Early)

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Executive Summary

When a customer is behind in paying you, it can create an unhappy situation on both sides. No one wants to be making or receiving a call regarding late payment. By taking some steps toward more efficient invoicing, you may be able to improve both timeliness of payments and customer relations. To help speed payment, let customers pay by whatever method they prefer. Give them the option of using checks, electronic funds transfer, credit cards or debit cards. When possible, use ACH payments, which transfer funds electronically and can save you the time it takes to deposit checks. In particular, offering the convenience of paying online can make this task easier for customers.

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