Accepting online payments is no longer optional—it's essential for getting paid quickly. Clients expect convenient payment options, and businesses that offer them get paid faster.
Why Accept Online Payments?
Online payments benefit both you and your clients:
- Get paid 2-3x faster than check or wire transfer
- Reduce manual payment processing
- Improve cash flow with instant payment confirmation
- Offer convenience your clients expect
- Track payments automatically
- Reduce late payments with easy payment links
Types of Online Payments
Modern payment processors support multiple payment methods:
- Credit cards (Visa, Mastercard, Amex, Discover)
- Debit cards
- ACH bank transfers (lower fees, slower processing)
- Digital wallets (Apple Pay, Google Pay)
- Buy now, pay later options
How to Set Up Online Payment Processing
Getting started with online payments is straightforward:
- Choose a payment processor (Stripe, Square, PayPal)
- Create a business account
- Connect your bank account for deposits
- Verify your business information
- Set up payment links or embed payment forms
- Test with a small transaction
- Start accepting payments
Payment Processing Fees
Understand the costs involved:
- Credit/debit cards: typically 2.9% + $0.30 per transaction
- ACH transfers: 0.8% - 1.5% (much cheaper for large amounts)
- International cards: may have higher fees
- Chargebacks: $15-25 per dispute
Security and Compliance
Keep payments secure:
- Use PCI-compliant payment processors
- Enable two-factor authentication
- Never store card information yourself
- Use secure payment links (HTTPS)
- Monitor for suspicious activity
Accepting online payments is easier than ever. With modern invoicing software like BildOut, you can add a payment button to every invoice—no coding required. Start accepting payments today and get paid faster.