Again it’s inappropriate for me to give you merchant banking advice in a blog like this but let me give you an idea of what to expect. Most businesses will pay you by check, credit card, and direct bank transfer or in rare cases cashier’s check.
The most likely choices these days are check, credit card and direct bank transfer. To take a check you just need it made out to your name if you have a personal bank account or your business if you have a business bank account.
Once you have a check you should probably bank it as soon as possible. You want to be sure it doesn’t bounce (wary aren’t I). To take a credit card you can either have a merchant bank account, or you could use your paypal account.
If you have a business paypal account in the US you can use Paypal’s virtual terminal and manually enter credit card details. If not you can set up a button online and get your client to go to that button to pay or you could send a paypal bill. To take a direct bank transfer you just need to give a business owner your account details.
Check with your bank on exactly how to do this. It’s quite likely business owners will ask you how you want to be paid. It can be best to go with a check or bank transfer. No fees, no problems with too many transactions in a month and no problems with unscrupulous clients cheating you with a charge back or complain to paypal or your merchant provider.
Most businesses are happy to pay by check. If you’re having trouble with this practice answers the question with a friend or your spouse. Or you could just talk to your mirror.
“If you could just write me a check for $1,500 now so I can get this website started for you right away. The other way of doing it is with a bank transfer.” You need to feel comfortable asking for money in exchange for a service that is exceptionally valuable to the business owners you’ll be talking to.
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