Here’s Why Your Business Needs Same-Day Settlement

Here's Why Your Business Needs Same-Day Settlement

As a small or medium business, you rely on sales to keep your business afloat. Whether it’s paying staff or just keeping the lights on, it’s money in the bank that keeps you moving forward. But this can cause problems when it takes several business days to get your hands on the funds that your sales have generated.

Fast settlement allows you to avoid the long processing times for credit card sales and receive your funds on the same day. It’s quick, convenient and a great way to boost your business.

Improve Your Cash Flow

With same-day settlement, you’ll get access to the money straight after the sale – no more anxiously waiting for payments to come through!

A smoother cash flow means less stress for you (and your accountant). Avoid paying bills last minute or pushing back payday until funds arrive. You’ll have the peace of mind knowing that the money you’ve earned is already available for expenses or to invest.

You’ll also be able to settle your accounts faster and spend less time on tracking outstanding payments. That means less time focused on admin and more time to devote to making sales and growing your business.

Invest and Grow More Quickly

These days, business seems to move at the speed of light. So if your funds aren’t accessible, it can lead to missed opportunities and unnecessary pressure. That’s why same-day settlement is essential if you want to keep up with the pace of modern business.

Need to buy more stock? Want to add a new member of the team? Or perhaps there’s a last-minute ad campaign you want to run? With your funds at your fingertips, there’s no need to wait. Whether you want to invest in marketing, goods, staff or anything else, you’ll be able to take action right away.

Quicker investment doesn’t just mean more convenience. You’ll also be able to grow faster and conduct business in a more flexible way. A more agile way of working will no doubt appeal to both your suppliers and customers – after all, no one likes getting tied up in red tape!

If your business could benefit from same-day settlement, eWAY processes payments for over 26,000 businesses, offering secure online payments with local support. While some other payment processing companies take up to 10 days to deliver your credit card sales into your bank account, eWAY can have your funds with you same day or next day. Enquire today.