Before you sign: know your payment gateway’s billing functions

Before you sign: know your payment gateway’s billing functions

The growth of payment gateways has drastically expanded opportunities for ecommerce. Before the availability of payment gateways, credit card transactions took place manually, and with delayed gratification.

Remember those contraptions stores used to imprint a copy of your credit card onto a piece of paper? The customer would sign and consider the transaction complete, but the business in question didn’t get funds until several days later, after lengthy processing.

Answer these questions before you send an international invoice

Answer these questions before you send an international invoice

With all the online tools available to us today, invoicing is a fairly straightforward process. The hard part is determining what to sell and what you’ll charge. After that, deciding on payment terms and setting up invoicing workflows happen pretty quickly.

But there’s one thing you might not think about: if you’re only invoicing domestically, you already know how business works by virtue of where you live. Accepted payment methods, standard payment terms, and approximate tax rates are all familiar to you.

Ask 3 these questions to see if usage-based billing is the right fit

Ask 3 these questions to see if usage-based billing is the right fit

If you look hard enough, you can find instances of usage-based billing in nearly every facet of life. Homeowners pay for water, electricity, cleaning, and lawn services based on how much they use. Yoga enthusiasts might choose to buy a class punch card and pay only for the classes they use. Even some daycare centers let you pay for usage by the day or even the hour.

And though flat-fee subscription billing has grown by leaps and bounds in recent years, there’s still a case to be made for usage-based billing. A business may need to bill customers on a monthly basis or quarterly basis in varying amounts - depending on how much of a product or service the customer uses.

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