The customer pays online with his credit card.
You are happy to provide a service or product with a good value for money. You think about every little step in the value chain, one of them being the last step of the order to cash process: Money collection… So, what is the best way to get paid ?
There are a lot of ways to get paid. The first distinction must be made between these methods based on the moment of the payment confirmation. The “Pay now” methods provide a direct confirmation while the “Pay later” ones do not. Let’s see the difference based on some examples of each:
To determine the best payment method, let’s first define the criteria. Here are the most important ones:
We analyzed how payment methods score for all criteria and sorted them accordingly, from very poor to very good. Since this analysis is quite substantial, we have decided to compile the information in a white paper. You can receive your own copy by filling out the contact form below: