Credit Card Payments: How to Manage Your Business Without Them

There is nothing that credit card companies can offer to card holders that you cannot top. Your client wants delayed payment, fine, here is how it works: offer a simple payment plan. It may even be a no interest payment with only a small admin cost that covers some data processing and mailing the monthly invoice. This would only work for products that are costly and can be resold to other customers in case there is a default on the payment.

5 of the Best Things to Buy With a Credit Card

Credit card companies like to dangle the honey covered string in front of your eyes by offering reward points. Earn 1,000 points and we get you $100 off your next purchase. You can top this easily: offer a 10% discount on full payment, or a 5% discount on payment in two installments. Cash in the pocket now is better than some reward later on.

Each credit card comes, of course, with a line of credit; the higher the limit the more dangerous 소액결제현금화 it is. This is easily beaten. My grandparents never had any money, they had a line of credit at the grocer, at the butcher, etc. On payday they paid what they owed to all the merchants. As a business you can establish a line of credit to your customers, based on many factors such as how long have you known them, what is their purchasing history, what kind of business they are in, etc. Based on this data you offer products and services along with an agreed upon payment plan.

 Many companies use their credit cards as a form of getting investment capital. If you owe 20 or so, you may be able to muscle up $200,000 in capital to be invested into your new or ailing business. So far so good, however, this capital will be used to purchase goods and services the business needs. This is where you come in. You can offer your goods and services free of charge in the form of investments. Yes, it has an element of risk involved, however, investments are all risky. If you made a profit, then there is the question of what to do with it: reinvest it into your business (smart move), buy stocks (bad move), or invest into another business that has potential. Remember, you are not investing your cash but your services, a less risky move.

Credit card payments, although may seem convenient, are dangerous instruments. There is not much you gain when use a credit card versus pay by cash or check. Restructuring your business, using our comprehensive approach, around less risky payments may be one of the important decisions that should be made in the world of global businesses and economic uncertainties.

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