Beyond the Credit Card Fees
Leading B2B companies recognize the benefits of increasing their credit card acceptance from their customers. Doing so accelerates cash flow, reduces DSO, and can be leveraged to address aging receivables. Giving your business customers the opportunity to pay their invoices sooner via credit card reduces the order to cash cycle, and places the work of entering those payments back to your customers. In this portion of our video case study series with Progress Software, hear from Senior Manager Credit and Collections, Vincent Byrne on the benefits B2B companies can expect when increasing their credit card acceptance as a business grows. Historically, credit managers and financial executives have tried to simply reduce or eliminate the fees associated accepting credit cards, but here you will understand how accepting credit cards carries the lowest cost over any other method, and drives the greatest value for the business by helping to receive payments sooner, avoid write-offs, and lower the number of “over 90” and problem accounts.
Learn more about how EVO B2B works with leading companies like Progress Software through the rest of the video case study series.
- Case Study Overview
- How To Reduce Your DSO
- Benefits of Using a Virtual Terminal for B2B Companies
- Payment Integrations
- Accounts Receivables Efficiency Gains
Connect with Us
With business activities in 50 markets and 150+ currencies around the world, EVO is among the largest fully integrated merchant acquirers and payment processors in the world.
Related News
Maximize Revenue in the Middle of a Recession
While the priority of any business is to maximize revenue throughout the year, the looming threat of a recession means…
Finer Frames Streamlines Payments with EVO
Since 1999, Finer Frames in Eagle, Idaho, has provided innovative design, museum framing, restoration, art installation, and a range of…
4 Things A Field Services Business Should Look for in a Payment Processing Partner
Managing a field services business, such as a lawn care or plumbing business, is hard work. The last thing you…