C*rd is Not A Four Letter Word
Credit card payments are better for your business than you may think. Gain a new perspective on their use as an alternative to terms.
Businesses often feel pressured into offering terms to their buyers and they come with costs. Between operations, financing and the cost of collections, terms can cost suppliers over 2.5% of invoice value – a number comparable to card payments.
Credit cards are a low-cost and secure alternative to terms. They allow suppliers to collect on entire invoices closer to the point of sale and potentially replace their early pay discount with card payments, reducing their all-in cost.
Credit card is a tool that can accelerate cash and deliver surprising operational efficiencies including true straight-through-processing and greater visibility of transactions and cash flow.
Justin Corum, Billtrust Vice President of Business Development
Murray Sharp Billtrust Director of Business Development