Should You Accept Mobile Payments?

Should You Accept Mobile Payments?

As a small business, you're probably doing everything you possibly can to stay competitive. After all, in the US alone over 600,000 new businesses open up each year. That number is pretty staggering. So what can you do to stay ahead of the pack, stand out and draw in the most customers possible? One thing you most definitely need to consider is mobile payments. We live in an era in which more people utilize their smartphones for, well, everything, to include paying invoices. If you're not accepting mobile payments, you are probably making it very frustrating for some of your clients, especially those whose fast-paced lives demand ease and convenience.

Need more convincing? Below are three of the top reasons why you should be accepting mobile payments now!

  1. By accepting mobile payments, you get paid faster. This is true. One of the common complaints of business owners is slow repayment for products and/or services. The hassle of preparing and mailing a check is eliminated and clients instead just have to click a few buttons on their cell. Payment is immediate.

  2. You also increase sales. Some people will flat out refuse to buy from a company who doesn't take mobile payments. Over 80% of people now use credit cards for most purchases. Integrating mobile payments thus allows them the convenience of utilizing their card and doing so quickly.

  3. Cut down on billing time and therefore save money. Far less time will be sent tracking invoices, processing payments and in the end, you're spending less money as the task has been completely automated.

First Union has assisted a number of businesses when it comes to automating their operations and day-to-day billing processes. We could certainly help you get the funds needed to update technology, software, essentially anything you might need to make life easier for you and your customers. Our streamlined application and approval process could mean money in as little as 48 hours. Call today to see how we can help!

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First Union Lending LLC is a dually licensed Lender/Broker with its main offices located at 4900 Millenia Blvd First Floor Orlando, FL 32839. First Union Lending LLC and its ads are meant for continental United States, including Alaska and Hawaii small business owners. Business Loans offered by First Union Lending LLC have varying rates and terms that can range from 30 - 120 payments and all rates and terms are based on eligibility of the business and its owners. The actual terms are based on credit, business history, industry, amount and terms. As an example, a $5,000 loan paid over 5 years at 8% would have a total repayment of $6,082.92 over the life of the loan. We use the latest encryption to protect sensitive information transmitted online, as well as run our own secure server network to ensure your information is protected offline as well. California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through VBJ Consulting, LLC, a licensed finance lender/broker, California Financing Law License No. CFL#60DBO78163

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