Top 5 Cash Alternatives for Self-Employed Professionals
Online payment is often the quickest and easiest way to take payment for a variety of businesses and it’s good to know about your options. You want something reliable, user friendly and something that will help to grow your business instead of hinder it. We’ve got the lowdown on the top five cash alternatives, so have a read and work out which one will work the best for you.
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1. Paypal
The most ubiquitous of payment systems, the great thing about Paypal is that customers are familiar with it and are inclined to trust it. However, there are downside to Paypal, the first that spring to mind are their dodgy customer service and habit of freezing accounts, so read on for some alternatives that some would argue are more superior to Paypal.
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2. iZettle
This payment system provides you with a free card reader that plugs into your phone and links up with an app, perfect for a business on the go that needs to fit in with the current trend towards cashless shopping. There are no monthly fees or minimum contract and the more you use it, the smaller the fee percentage is.
3. Skrill
Formerly know as Moneybookers, Skrill is a great option for international merchants, as it’s extremely quick and easy to transfer your account balance on to a prepaid debit card. It’s also got a super simple and free set-up, low-cost fees and the ability to send text messages straight from your account.
4. Square
Available through the Appstore and Google Play, this easy-to-use app takes care of sales reports, digital receipts and provides access to sales analytics and feedback channels for customers.
5. Classic Bank Transfer
Sometimes a classic is hard to beat. Bank transfer might be the easiest option for customers that might not have access to more up-to-date technologies or may not trust them, so don’t forget to include this in your repertoire of payment options!
