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Offlinebiz: How you collect your FEES?

by baronig
11 replies
I have few clients and wondering how to make easy for them to pay me and for me to get paid on time.
-I heard about paypal invoicing,do they need to have paypal account?
-Paypal subscription?
-Regular cheque by mail?
...
#collect #fees #offlinebiz
  • Profile picture of the author iVentureBiz
    Paypal is a way to go when you upgrade to a business account you can accept credit cards too and they don't need a paypal account...

    I invoice using paypal a good portion of the time. In other cases I just email an invoice and request an email money transfer from their bank to mine using interac (something exclusive to canada I think)
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  • Profile picture of the author GoGetta
    Set up a business account at your bank!

    I take all payments via credit or debit card over the phone. I set a business account up when I first started and got a credit card terminal installed in my office. This means you take payment right there and then, no waiting and every business has a card! ; )

    Also, its safer and you don't have to wait for checks to come or clear!

    For residual fees, the bank account comes into its own!

    Here in the UK you can setup what you call a standing order between 2 banks! When gaining a new client I send out a form with my bank details on and the amount agreed. All they do is fill it in and send to there bank!

    And that sets up an automated payment between you!

    This way you dont need to chase up payments as they land in your account on time, every month! I am sure, wherever you are based, you can do the same thing!

    GoGetta
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  • Profile picture of the author Michael Silvester
    Hi Mate,

    I use a direct debit company all the way!

    They only charge me $2.95 per transaction
    and they do all the collection of late payments
    for me.

    They actually follow up with phone calls, letters
    and even debt collectors if you want it to go
    that far. All for the same crappy little $2.95 fee.

    The best thing about it...is that my clients
    can choose for the money to come out of
    their credit card, or bank account.

    It also keeps it automated for me so I dont
    have to worry about collection of money, because
    I dont want to become an admin company

    All the money gets taken on the same day and
    it gets deposited into my account a few days later
    in a nice big chunk.

    They also send a nice report each month of who
    has paid, who hasnt, whos paid what etc.

    I love it...and so does my accountant

    You should think about using one.

    Take Care,

    Michael Silvester
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    • Profile picture of the author Keith Boisvert
      I use all forms. Business checks, credit cards(via my banks merchant account), paypal, and my favorite...cash!!

      I have never had any issues with any of the above. I use Quickbooks and create invoices, track all payments, schedule re-occurring payments if they are not using paypal and it all works great for me.

      I like credit cards the best(next to cash of course!).

      keith
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    • Profile picture of the author Alexa Smith
      Banned
      [DELETED]
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      • Profile picture of the author baronig
        right now i have 3 choices:
        1-send them paypal invoice every month
        2-or just send them excel invoice as a reminder to send me the check.
        what if they forget,it's in the mail,...
        3-setup paypal subscription page with amounts:
        300
        350
        400
        in the store we can enter together.
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  • Profile picture of the author Riz
    As Gogetta mentioned above one of the easiest ways to collect recurring payments is to set up a Standing Order (or equvalent in your country) using your business bank account.

    The service Michael mentions above is brilliant if you are based in Australia. Trying to find a company in the US or the UK that has an equivalent service (at that cheap price) has proven difficult. Or am i wrong?

    I had 1 client who insisted on recurring payments using cheques. Surprise surprise his cheques kept bouncing so i had to fire him as a client and am still chasing his outstanding dues.

    The more automation you have the more you can concentrate on growing your business.

    Riz
    Signature
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    Ask me For a FREE copy of my upcoming course that will eliminate all your technical gremlins....:
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  • Profile picture of the author baronig
    so paypal invoice is the answer?
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