{"id":11923,"date":"2021-12-09T16:00:00","date_gmt":"2021-12-09T16:00:00","guid":{"rendered":"https:\/\/www.plastiq.com\/?p=11923"},"modified":"2022-08-18T16:55:01","modified_gmt":"2022-08-18T16:55:01","slug":"stop-waiting-for-your-money","status":"publish","type":"post","link":"https:\/\/www.plastiq.com\/stop-waiting-for-your-money\/","title":{"rendered":"Stop waiting for your money"},"content":{"rendered":"\n<p>No matter what industry you\u2019re in, you\u2019re in the business of making money.&nbsp; But too often, it can feel like you\u2019re in the business of waiting to be paid.<\/p>\n\n\n\n<p>Of course, you\u2019re not just waiting.&nbsp; You\u2019re figuring out which payments are overdue, following up, following up again, stressing about when the money will arrive, and taking time away from growing your business to collect money you\u2019ve already earned.&nbsp;<\/p>\n\n\n\n<p>Consider these statistics:<\/p>\n\n\n\n<ul><li>93% of business payments are late<\/li><li>On average, they are <a href=\"https:\/\/www.pymnts.com\/news\/b2b-payments\/2019\/small-business-owners-tackle-late-payments-with-proactive-policies\/\" data-type=\"URL\" data-id=\"https:\/\/www.pymnts.com\/news\/b2b-payments\/2019\/small-business-owners-tackle-late-payments-with-proactive-policies\/\" target=\"_blank\" rel=\"noreferrer noopener\">37 days late<\/a> \u2013 that\u2019s more than a month overdue!<\/li><li>Checks take 3 \u2013 7 days to clear the bank<\/li><\/ul>\n\n\n\n<p>Before the pandemic, it was estimated that late payments cost small business <a href=\"https:\/\/www.cpapracticeadvisor.com\/small-business\/news\/12385872\/late-payments-cost-small-businesses-3-trillion-per-year\">$3 <\/a><a href=\"https:\/\/www.cpapracticeadvisor.com\/small-business\/news\/12385872\/late-payments-cost-small-businesses-3-trillion-per-year\" target=\"_blank\" rel=\"noreferrer noopener\">billion<\/a><a href=\"https:\/\/www.cpapracticeadvisor.com\/small-business\/news\/12385872\/late-payments-cost-small-businesses-3-trillion-per-year\"> annually<\/a>.&nbsp; And various studies show that during the pandemic, payments to small businesses have slowed even further.&nbsp;<\/p>\n\n\n\n<p>One factor in so many delayed payments is the lag time built into the traditional system for requesting payment and getting paid. It\u2019s time to stop sending paper around and let customers pay digitally with a credit card &#8212; it\u2019s faster&nbsp; and gets you&nbsp; back to the business of making money instead of collecting it.&nbsp;<\/p>\n\n\n\n<p><strong>Take back your time<\/strong><\/p>\n\n\n\n<p>There are two fundamental ways to speed up payment: reduce the work on your side and remove obstacles to payment on the customer side. Plastiq Accept helps you do both.<\/p>\n\n\n\n<p>Digital and automation tools cut both your burden and process lag time. Easily send a Payment Request through Plastiq&nbsp; via email and go back to running your business. Plastiq Accept keeps track of requests and sends reminders when they\u2019re needed.&nbsp;<\/p>\n\n\n\n<p>It does the heavy lifting and keeps you in touch with end-to-end visibility and reporting.&nbsp;<\/p>\n\n\n\n<p>It\u2019s the easiest, fastest way for them to pay you and for you to receive payment. There\u2019s no waiting for a check to be cut, arrive, or clear the bank \u2013 and the money starts moving immediately toward your account.&nbsp;<\/p>\n\n\n\n<p><strong>Keep all your money&nbsp;<\/strong><\/p>\n\n\n\n<p>It\u2019s your money, and you shouldn\u2019t have to jump through hoops or pay extra to promptly receive what you\u2019re owed. So, Plastiq Accept lets you take credit card payments without opening a merchant account or paying transaction fees.<\/p>\n\n\n\n<p>Customers receive your electronic payment request and <a href=\"https:\/\/www.plastiq.com\/blog\/the-basics-of-money-transfer-services\/\">send money <\/a><a href=\"https:\/\/www.plastiq.com\/blog\/the-basics-of-money-transfer-services\/\" target=\"_blank\" rel=\"noreferrer noopener\">online<\/a><a href=\"https:\/\/www.plastiq.com\/blog\/the-basics-of-money-transfer-services\/\"> with a credit card<\/a>, and you take their payment at no cost to you. It\u2019s easy and fast \u2013 and you get to keep everything you\u2019re owed.<\/p>\n\n\n\n<p>Benjamin Franklin once wrote, \u201cremember that time is money.\u201d In business this relationship is clear, and Plastiq Accept helps you get the most value from your time.&nbsp; Remove the pain of trying to collect payments, focus your time on growing income, and take advantage of the fastest way to get from payment request to money in your bank account.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.plastiq.com\/get-paid\/\" target=\"_blank\" rel=\"noreferrer noopener\">Plastiq Accept<\/a> takes just minutes to sign up, with no obligation. <a href=\"https:\/\/grow.plastiq.com\/login\">Try it <\/a><a href=\"https:\/\/grow.plastiq.com\/login\" target=\"_blank\" rel=\"noreferrer noopener\">today<\/a> and stop waiting for your money.&nbsp;<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"<p>No matter what industry you\u2019re in, you\u2019re in the business of making money.&nbsp; But too often, it can feel like you\u2019re in the business of waiting to be paid. Of course, you\u2019re not just waiting.&nbsp; You\u2019re figuring out which payments are overdue, following up, following up again, stressing about when the money will arrive, and&hellip;<\/p>\n","protected":false},"author":59,"featured_media":11924,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35,139,36,141],"tags":[87,52],"featured_post":[44],"resource_type":[127],"yst_prominent_words":[],"_links":{"self":[{"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/posts\/11923"}],"collection":[{"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/comments?post=11923"}],"version-history":[{"count":5,"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/posts\/11923\/revisions"}],"predecessor-version":[{"id":19729,"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/posts\/11923\/revisions\/19729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/media\/11924"}],"wp:attachment":[{"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/media?parent=11923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/categories?post=11923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/tags?post=11923"},{"taxonomy":"featured_post","embeddable":true,"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/featured_post?post=11923"},{"taxonomy":"resource_type","embeddable":true,"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/resource_type?post=11923"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.plastiq.com\/wp-json\/wp\/v2\/yst_prominent_words?post=11923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}