10/24/2022

How to Get Paid Faster

A guide for small businesses

Unpaid invoices and late payments are an obstacle for all businesses, but for small business owners, waiting to get paid can be the difference between success and failure.

According to a recent survey, 92 percent of small business owners have had to deal with late payment issues. As a result, 37 percent of these merchants reduced their own salary to accommodate for slow payments.

Slow payments can lead to lost money, vendors, and cash flow that could be used on other initiatives such as hiring new employees or buying new equipment. But every business owner can implement some practical tips to get paid faster, improve cash flow and grow their business.

Please select this link to read the complete blog post from OSAP member i3 Merchant Solutions.