A Variety of Ways to Receive Payment
Square allows businesses to receive payments via different platforms. Therefore, its price is worth its weight in gold. Businesses can receive payments via ACH transfers, credit card payments, checkout links, mobile wallet transfers, online invoices, and Square point of sale with this software.
You can also download the Square POS app for seamless card transaction synchronization. And while each of these methods comes at their particular prices, your business will never have to get stranded when it comes to receiving payments from your customers.
Digital Invoicing
Invoices make up an essential aspect of accounts receivables operations. And often, sending invoices and receiving payments from customers can be quite a demanding task. Square eliminates this difficulty by designing a digital invoice platform into their payment solution.
With Square Invoices, you can digitally create and send invoices to your customers for approval. You can also track each invoice from the comfort of your application dashboard to know when your customers view, approve or pay them.
Prepayment
Wouldn’t it be nice if your customers get to pay before receiving your products/services? In addition to improving your cash flows, this method also ensures that your customers never disappoint.
Square offers a prepayment feature to its customers. And this feature lets your customers pay you based on appointments before your services.
Integrated Payment Platform
Square’s integrated system ensures that your transactions across each platform are synced to the system regardless of how you receive funds from your customers. This synchronization ensures that you can access your transaction remotely without losing track of your sales. It also ensures that reconciliation and order matching is never a problem for your business. And when it is time for tax and audit, you won’t have to go too far to have your transactions ready.
