The best payment options for your collection strategy
Posted: Mon Dec 23, 2024 6:31 am
As part of our collection strategies , it is crucial to determine what payment options we are going to give our clients. After all, in preventive, administrative or judicial collection reminders , it is important to include the payment methods we have available so they can settle their debt.
Before the existence of online payment gateways , it was normal to tell customers to go to the nearest branch of the company to pay. But with the digitalization of collections, these processes are now simpler. In addition, by buy uk mailing list for online payment options, we give customers the option to pay from home, or wherever they are, avoiding spending hours in traffic or having to ask for permission from their jobs to go to an agency to settle their outstanding debt.
What will you find in this text?
Payment options by account number – service – or payment link
Payment to account number
Payment gateways
Custom payment links
Digital wallets
Implement collections software to track customer payments!
Payment options by account number – service – or payment link
When we talk about payments as a collection strategy, we can choose to ask the client to pay by link or provide them with the company's account numbers; or also indicate the process through the financial institution where they have their personal account. However, which is better?
Each option has its advantages and considerations that must be carefully evaluated. Here we tell you more about them:
Payment to account number
Paying by business account number offers a direct and fast route to receiving funds, which can be beneficial for local transactions or customers who prefer the familiarity of a standard bank transfer. However, this option also comes with the responsibility of ensuring the accuracy of the bank details provided and can be met with some reluctance from customers due to security concerns.
Payment gateways
Payment gateways are an excellent option for collecting debts or invoices due to their ease, convenience, and security. In Peru, these platforms allow customers to make payments from anywhere with an internet connection, eliminating the need for physical travel.
In addition, they are equipped with advanced security measures, such as data encryption, ensuring secure transactions. On the other hand, customers prefer them because they offer a variety of payment methods such as credit cards, debit cards, and bank transfers, making it easier for customers to choose the most convenient method.
Before the existence of online payment gateways , it was normal to tell customers to go to the nearest branch of the company to pay. But with the digitalization of collections, these processes are now simpler. In addition, by buy uk mailing list for online payment options, we give customers the option to pay from home, or wherever they are, avoiding spending hours in traffic or having to ask for permission from their jobs to go to an agency to settle their outstanding debt.
What will you find in this text?
Payment options by account number – service – or payment link
Payment to account number
Payment gateways
Custom payment links
Digital wallets
Implement collections software to track customer payments!
Payment options by account number – service – or payment link
When we talk about payments as a collection strategy, we can choose to ask the client to pay by link or provide them with the company's account numbers; or also indicate the process through the financial institution where they have their personal account. However, which is better?
Each option has its advantages and considerations that must be carefully evaluated. Here we tell you more about them:
Payment to account number
Paying by business account number offers a direct and fast route to receiving funds, which can be beneficial for local transactions or customers who prefer the familiarity of a standard bank transfer. However, this option also comes with the responsibility of ensuring the accuracy of the bank details provided and can be met with some reluctance from customers due to security concerns.
Payment gateways
Payment gateways are an excellent option for collecting debts or invoices due to their ease, convenience, and security. In Peru, these platforms allow customers to make payments from anywhere with an internet connection, eliminating the need for physical travel.
In addition, they are equipped with advanced security measures, such as data encryption, ensuring secure transactions. On the other hand, customers prefer them because they offer a variety of payment methods such as credit cards, debit cards, and bank transfers, making it easier for customers to choose the most convenient method.