Ask Rezzz

A155 - How do you collect online payments?

Informações:

Synopsis

Taking payment is complex, but should be the easiest, most frictionless experience for your clients. If you get nothing else from this episode, please take that with you.Outside the U.S.There are all sorts of laws and regulations that complicate all sorts of payments. What I’m sharing applies to the U.S. If you are not in the U.S. these companies and services that I talk about may still apply, but I can’t guarantee it. Please do your due diligence to make sure that this works best for you and where you are.There are a few layers in taking payments that I hope to provide some clarity on. There is accounting software and there are payment gateways. The lines between the 2 have become much more blurred in recent years. What is a payment gateway?The difference between the 2 are important. Payment gateways process payments only. They will not reconcile your expenses, can’t generate invoices directly and easily, and will not give you profit and loss statements.Gateways are companies like Authorize.net, Stripe, and