Easy payment by direct debit for small business

As a small business owner, how often have you been frustrated by chasing payments and reconciling bank statements against invoices, but you are not in a position to start a merchant facility with your bank? Billpower has developed a platform to solve this problem with their direct debit for small business solutions.

Billpower is an easy to use service that easily transforms your accounting software such as MYOB or XERO into an e-payment gateway by offering a range of immediate payment options for your customers when you issue an invoice secured by the latest security encryption technology.

Do you feel you often lose sales opportunities as you are unable to offer a full range of options for your customers when it comes to doing business? Billpower will turn your accounting system into an easy to use and fast bill payment system.

Billpower’s effective direct debit solution for small business improves your cash flow

We understand the importance of reliable cash flow to all small business operators. Without the lifeblood of predictable incoming cash, your business can quickly enter a downward spiral from which it may not recover.

Your business model is predicated on providing a product or service in return for well-deserved payment. In retail this relationship between customer and business is easy. If they don’t pay they don’t get the products.

 

However, businesses in the services sector face a different dilemma as they rely on a trust-based relationship that goods and services supplied will be paid within an agreed timeframe. Many of your customers will indeed pay, some on time, some late and some really late.

Billpower speeds up payments

Providing a range of payment options, along with the convenience of accepting direct debits when bills fall due helps your customers. They will not suffer the embarrassment of having unpaid invoices when they fall due. If they have misplaced an invoice, they can log in and see all invoices that are awaiting payment.

 

Billpower’s direct debit for small business helps your customers to stay on top of their obligations. In turn, you are able to manage your business much more efficiently, with less time being spent on chasing payment and more time spent on your core business activities and increasing the business growth.

 

Billpower has been developed to meet a need in the market for sole traders and small business owners who do not need to employ an accounts person to manage the invoices. Some small operators within the Gig economy such as freelancers or tradespeople can unleash Billpower’s billing system without having to issue invoices if that’s what you and the client have agreed on.

For example, you may be in semi-retirement and you offer consulting services on an ‘as needs’ basis. You may not earn enough to charge GST so there is no need to create a complicated accounting system for invoice purposes. You can keep your costs down by signing up to Billpower, as we only apply a surcharge to your bills upon payment by your client. You can send an invoice to your client and they choose the method of payment, right from the invoice, without having to log on to their banking and so on.

You can even input discount for early payment into your bill and watch that incentive make your customers happy to pay you quickly!

Direct debit for small business – fast & intelligent payments with Billpower

Registration for Billpower is free, unlike the costly monthly merchant facilities that banks will charge you.  When you sign up with Billpower, you can send out invoices via email directly, or if you have an accounting software package such as MYOB or Xero, you can send them out from there.

You can incorporate your company logo on your invoices as well as embed new marketing messages on new invoices to keep your company and its mission in the minds of your customers. Using Billpower also demonstrates to your customers that you are a forward thinking and tech-savvy business which will be seen as very positive in most demographics.

Customers in today’s service economy respond well to intelligent solutions. Offering customers a range of online methods to pay, including credit card, direct debit (EFT) and Paypal gives them the choice they want. Being able to click through from an invoice received via email into your payment portal makes it so easy be paid.

Customers can also elect to have further invoices from you paid automatically via direct debit from any of their nominated payment systems. Furthermore, as payments are processed in real time, your reconciliations are also processed in real time. This gives your business the support of predictable cash flow to meet your debts and further expansion.

It is so easy to get started. If you’re still not convinced that our direct debit for small business solutions can immediately improve your bottom line,  please request a demo. Click here for more information.