Payscout Inc.

Don’t let debtors get you down or slow your productivity. Instead, focus on creating a plan that keeps you on top of debt collection and shortens the time a customer is in arrears. To collect a debt without ruining the relationship, follow the helpful tips below.  Create a plan A failure to plan is a plan to fail, and only twenty percent of all credit departments have a formalized plan that details the defined goals of their department. Your plan should include role delineation and responsibility assignments, as well as a clear dispute resolution procedure. Use great software Great accounts receivable collections software will make collecting the debt you’re owed much simpler. By managing your entire debt collection processes, ARM software will make you more efficient and effective, and allow you to accept payment quickly online and via mobile. You’ll also be able to perform credit and risk scoring. Online payment options Allowing debtors to pay online will not only speed u...

In today’s smartphone-obsessed world, our attention spans are at an all-time low. When we pay for the things we need, we want it to be a transaction completed quickly so we can move on the next item on our to-do list. It’s no surprise then that mobile payments are growing to keep up with that demand. Mobile payment processing has become a necessary component to meet demand and will continue to evolve and grow.  According to Apple Insider, by 2020, both Visa and Mastercard have stated that they will require payment terminals in many markets to offer contactless payments. This will not only encourage businesses to embrace the new technology surrounding payment but will give the consumer more options to pay. While these increased payment options will make our lives much simpler, what do they offer in the way of protection? How will our information be kept safe amid the brigands that seek to steal our livelihood? If the retailer you utilize is using a great mobil...

It can be up to 25 times more expensive to acquire a new customer than it is to keep a returning customer. With this in mind, keeping your current customers shopping with you time and again is of the utmost importance.    Below are five simple tips to keep your customers shopping happily: 1.  Keep in line Long lines lose customers. Everyone is guilty of abandoning items and exiting the line, determining the price of the purchase was not in fact worth the time to purchase it. By keeping your lines short, you’ll keep customers coming back. This is possible even in the popular pop up markets of today with mobile payment processing , which allow you to take payment via your smartphone. 2.  Loyalty program Loyalty programs have been proven to boost growth and are a simple way to connect with customers. The benefits of the program will encourage your customer to spend with you, as they will feel as if they’re getting a deal. While the data co...

Expand your mission by utilizing technology. Mobile payment processing has the potential to boost online and reoccurring donations, driving your mission further.  Paying online and via mobile are quickly becoming the preferred method of payment for Americans; this is especially true for millennials. As a nonprofit organization, millennials should be among your most targeted groups. Millennials are disrupting traditional giving; while they frequently give (even more so than other generations), they expect certain things before deciding to part with their funds. Online giving, for example, is an area that millennials are shaping. In 2016, overall giving grew a measly one percent, but online donations (according to Blackbaud’s annual giving report) grew nearly eight percent in one year. The influence of the millennial generation is becoming, and will continue to become, a necessary resource for the nonprofit community. By embracing mobile payment processing technology...