Electronic transactions are a must to make your business successful

I received an email last night that referred to some of the things that we have taken for granted for many years, that will soon be things of the past. Checks are one of those things that are gradually being phased out. Most transactions are done electronically now and businesses need to be set up to  accept credit card transactions. This kind of sales take awhile to convert to real cash, but a business still needs to have plenty of capital available to keep their account in the black. Unless structured properly, a business can be hurt, or even fail due to not having a sufficient  business or merchant cash advance fund to draw from.

For example, the company that I work for often has to wait for weeks to get paid after our product is delivered. We have to keep enough cash in our business account to keep us going. No matter what business you are in, its still the same story. You may need to set up a restaurant merchant account, or ACH and check service, but in today's modern world you have to keep up with the pack, or get left behind. Consumers are going to all electronic transactions, because they are quicker, more convenient, and safer. We the people, spend more and more of our money online or by phone through secure transactions. I am an avid internet shopper myself and I feel much more secure online than having checks containing my bank account information circulating in public.

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