This increases the likelihood that customers will pay on time. One of the most advanced payment methods to consider is the ability for customers to pay directly on bills with credit cards or bank transfers. If you understand that your customers are also business owners, you can create payment terms for invoices that meet your needs and do not put unnecessary pressure on them. Not all businesses have a sufficiently healthy flow of money to process invoices seven days after they are received, or have the margins to face a 20% interest penalty for late payment….
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