From books to baby gear, movie tickets to medical bills, more and more Americans expect to pay digitally for a wide range of purchases. And it’s no surprise that the idea of digital government payments is equally popular.
It wasn’t long ago that choosing online payment options for small businesses meant deciding which credit cards to accept. And while many people still whip out their credit card to make a purchase, digital payments are becoming more and more popular.
It happens to nearly every business—large, small, or in-between: a cash flow issue. You can raise prices on what you sell. Or ask suppliers for some payment slack. Those tactics might help. But you might also risk losing customers or damage your relationships with suppliers.?It might be wise to first consider these six lesser-known strategies.?