When I first started my computer company in 2003 I just accepted cash and checks as payment. Around 2008 a client who was also a networker asked if I took credit cards as payment. He introduced me to a mobile smartphone app that takes any credit card on the spot and I have used it ever since. A few years later, another client asked if I took Paypal as payment and I didn’t. Later, I got a Paypal account and now clients will pay with Paypal occasionally. The next payment method I added was Cashapp again because a client wanted to pay this way about 6 months ago.
By giving my clients many ways to pay I have few delinquent accounts in my company’s history. What payment methods do you allow in your business? What are your favorite methods? Least favorite?