How to Take Your Company's Payment System into the Digital Age

Business velocity is a factor that can help accelerate your business’ growth. Whether you receive payment for services and goods today, or the next month, can be a significance difference for your company’s operations. As online and mobile payment systems become more commonplace by the day, it has become relatively straightforward for startups and small businesses of virtually any size to implement them. Electronic payments can simplify your business practices and improve the user experience for your consumers, no matter your company’s particular industry. Electronic payment systems can also increase business velocity, helping to facilitate that process of receiving payment for goods sold. While Varsity Tutors has utilized a digital payment system from almost day one, you may be in the midst of transitioning a 1- or 10-year-old business to this method. If so, here are six helpful suggestions: