What is a small business icpayment?
The very definition of what a small business icpayment is has changed over the last few decades. For most people, a small business is a company that employs 20 or less workers. This number was originally set in 1971 by President Richard Nixon and adjusted slightly by the Bureau of Labor Statistics in 1983 to account for changes in the economy.
This new definition of what makes up a small business has allowed more and different kinds of businesses to qualify under this category than ever before, especially when it comes to payment processing services like Pay By Phone.
Pay By Phone is a payment services company that specializes in accepting payments from business owners and managers who have few or no employees. Pay By Phone’s services are designed for small businesses, single entrepreneurs, and the self-employed.
Why pay by phone?
The number of businesses accepting payments via phone has risen over the last decade dramatically. These businesses include retail stores, restaurants, insurance agencies, beauty salons and barbershops, small contractors and service providers like plumbers or electricians. These are just a few of the nation’s rapidly growing number of small companies who can benefit greatly from pay online by phone solutions.
This growth has been spurred on by what is known as “the new economy. The new economy has led to a huge increase in the number of business owners and managers who have limited funds to work with, especially when it comes to handling their checks. Many small businesses are finding it difficult to manage their accounting and payroll systems but by choosing Pay By Phone as an account minimum payment processor, small business owners and employers can save money on their check processing fees.
Pay By Phone is designed for the self-employed or owner/managers of businesses with few or no employees. This kind of business owner usually relies on a regular salary from clients like other jobs do. They may also have a few employees to help run the business, but not enough to require an expensive and complicated accounting software program.
Using pay by phone features to accept payments is easier and faster than writing a check or using a credit card machine. When you think about how long it takes you to write out a check, then put it in an envelope and address it, plus drive the envelope to the post office or your mail carrier, you’ll understand why most small business owners prefer to accept payments by phone from clients.
Some more facts:
Accepting checks over the phone is a simple matter of giving your clients your Pay By Phone number as payment for their services or for goods sold. They then simply call in their payment and you receive your check by phone. The money is automatically deposited into your account, and you have immediate access to it. With Pay By Phone’s automatic payment solution, there is no risk that your clients won’t pay you on time. As long as they have the phone number, they will be able to pay you when they are supposed to. You can also set up automatic notifications to remind them to pay their bill.
You won’t have to explain to your clients how their transactions will be processed. They will be just as comfortable receiving payments by phone as they would if they were going through the mail.As a full service payment processor, Pay By Phone also handles your account management, online business records management and payroll services. You don’t have to worry about all these things as long as you use Pay By Phone. You can also enjoy our dedicated customer service staff that is available 24 hours a day, 7 days a week, 365 days a year.
What are the benefits?
Aside from fee transparency, pay by phone works well for very small businesses and the owner/managers of those small businesses. Paying by phone is one payment method that does not require a lot of upfront capital to start accepting payments. You can get started for as little as $6 per month and in just a few hours it is already set up and running.
Pay by phone accounts are also easy to set up. Instead of signing up for expensive software programs that most small business owners don’t need, you only need a computer with Internet access, since all you’re required to provide is your temporary email address until your account has been activated.
Also, there is no need to perform a lot of accounting tasks as long as you take Pay By Phone’s services. The company handles that for you so that you can concentrate on your business while we handle the rest. Your business gets paid and the money comes into your bank account within 24 hours, and it is available right away. As a small business owner, everything is fast and easy.
