How to choose the best payment options for your business

by Irana Wasti, Chief Product Officer at Bill

(BPT) Businesses (big and small) all need to manage cash flow to survive. Cash is key whether you cover day-to-day costs, pay yourself and your team, send or receive payments, or save for scaling up. So, how do you effectively manage and optimize your cash flow? Exploring different bill payment options could be a winning strategy for your business. But with so many choices out there, it can be hard to know which is the right one for your business. Here are some tips for how to make the right decision for your business. Different payment choices for different needs There are six standard bill payment options: paper checks, credit cards, ACH, wire transfers, virtual cards, and real-time payments. Each of these payments has its pros and cons. Ideally, you…

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Scoopvizion (Digital) - 1 Issue, August 2024

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