If we lived in a perfect world, receiving payments in your merchant account would be as quick and simple as authorizing them. Unfortunately, the rules and regulations of modern payment processing don’t always cater to speed, thus leaving a lot of room for improvement. This is where next day funding comes into play — let’s talk about its benefits for your business.
Keep Inventory in Check
Whether you run an auto repair shop or a restaurant business, you need to have all the parts and ingredients to provide quality service and keep your customers satisfied. This can be hard to achieve without the necessary cash on hand.
Next day funding helps you avoid getting trapped in this sort of situation. In fact, you can purchase inventory every day, if you want to, because your most recent earnings will show up in your merchant account on the daily.
Stay on Top of Your Bills
Dreaming of the day when you can finally put all of your bills on auto pay and focus on growing your business instead? Well, with next day funding that dream can become a reality. Not only will it help you establish a steady cash flow, but it’ll also give you confidence in knowing that your money is in the bank instead of the multi-day cycle of payment processing.
Pay Your Staff on Time
Finding hard-working and loyal talent in today's economy can be a challenge. And few things make employees start looking elsewhere quicker than salary delays. Next day funding helps get your staff paid on time, which, in turn, can improve the overall experience at your business, both for them and for your clients.
While your business may face financial woes for a number of reasons, some of which can be solved by setting up recurring billing, next day funding plays a key role in helping you get back on track.
Ready to get started? Speak with one of TransNational Payments’ specialists to find out if your business is eligible for next day funding!