Cash flow is important for any business, but especially for roofing companies. Having access to your profits can have a direct effect on what happens right now, today. While standard merchant services accounts have your profits ready in several days, merchant services with next day funding makes your money available in one day. It’s flexibility that can make the difference between moving on to the next job now, and having to wait. Next day funding is the smart move to keep your business running.
A smart way to build a business is to make it easy for your customer to do business with you. In the modern economy the ability to accept payment by credit card is a necessity, but it can add to your costs. Mobile credit card processing with iPhone, however, has removed the hassle and expense of accepting credit cards. Anywhere your iPhone works, you can process a card easily, with no expensive wireless processing fees. Your transaction is securely encrypted, you receive instant approval, and you don’t tie up your office phone or personnel asking them to process the transaction for you. Your customer’s transaction is completed easily. Now it is time for your merchant services account to work just as smartly for you.
The average time to process a credit card transaction and deposit the money into your business account is two to five days for Visa, MasterCard, and Discover. For American Express it is three to five days. Those are days that your profits are in ‘limbo’, and not available for your business needs. With next day funding merchant services, your credit card profits are in your account in one day – and often even sooner, within twelve hours.
Making your profits available by the next day gives your company greater flexibility to do business. Your credit card profits from yesterday’s roofing job can be there to fund the purchase of materials and supplies necessary to allow you to accept today’s job offer. Payroll needs can be met on time, without the wait for your money to be deposited. Extra help can be added to the payroll as needed to enable your business to accept a larger job.
Next day funding merchant services gives your roofing company the flexibility to do business when, where, and how it needs to be done. Making your profits available to you, next day funding works smarter for you.
