Which payment option is best for small business?


Your small business needs to be able to accept payments, but it’s not just about how you can do it. It’s also about finding a payment option that works for you and your customers. The right choice can help grow your business by making it easier than ever before for people to pay their bills online or in person.


Cash is still the most popular payment method for small businesses. It’s convenient and easy to use, widely accepted, and can be used in person, online and over the phone. Cash is also anonymous—meaning you don’t have to worry about your customers’ privacy if they pay with cash. And it’s not traceable: nobody will know if you’re paying too much on your credit card bill or getting ripped off by an identity thief!

But there are some drawbacks: cash isn’t secure from fraud because hackers can easily steal your money through electronic means; in addition to being unsafe from fraudulence, there’s no guarantee that someone won’t try stealing your coins even after making sure they’re securely stored in a safe place (like under lock & key).

Payment by check

The check is the oldest and most trusted form of payment. It’s also the safest, easiest, most convenient and cheapest method apart from ghost funding method for you to use for your small business.

Payment by check requires the least effort on your part; all that’s required is having someone available to sign for it at the time of withdrawal. This means that if something goes wrong (or if someone doesn’t show up), there won’t be any lost funds because they have already been deposited into your bank account by another person who was already expecting them!

The check also offers security because checks are not reversible—they can only be cashed after they’ve been cleared through an automated clearing house like Visa or PayPal who will then alert both parties via email when their funds have been received successfully at their respective banks.*

Mobile payment apps

If you’re looking for a way to accept payments from your customers, mobile payment apps are the answer. They allow you to accept payments anywhere and anytime, making them convenient for both businesses and customers.

Mobile payment apps can help you cut costs by eliminating the need for credit card processing fees (which typically range from 2% to 3%) and other processing fees associated with traditional credit card processors. This makes it easier for small businesses like yours to succeed financially because there’s no longer any reason why they shouldn’t be able to afford higher-quality products or services at lower prices than before – which means more profits in your pocket!

They also provide an opportunity for growth as well: once people start using these types of technology instead of paper checks or cash handling methods like ATMs they’ll continue doing so until eventually everyone wants one since it’s just easier all around not having anything else anymore.”

Credit cards

Credit cards are the most common payment method for small businesses. Credit card fees can be high, but they’re also convenient for customers who want to make recurring payments or refunds.

The main downside of credit cards is that they require a higher level of security than other payment methods and it’s not always possible to track spend activity. If you’re using a card reader or software solution, then this shouldn’t be an issue though; however, if you’re manually entering data into your website every time someone logs in (or even worse—every time someone calls your business), then this could become problematic quickly!

ACH payments

ACH payments are a good option for small businesses. They’re easy to set up, and can be used for all types of transactions.

ACH payments are also an efficient way to pay bills—if you need to pay someone back quickly, it’s best if you can have them send a check or money order by mail. If you don’t want to use a service like this, then ACH is still going to be faster than wiring money via wire transfer (which takes longer).

Electronic invoicing software

Electronic invoicing software is a good option for small businesses. It allows you to send invoices to customers and keep track of your business finances by providing an easy way to manage your accounts, billing and payments. You can also use it as a platform for collecting payments from clients who pay their bills electronically via credit card or PayPal.

Electronic invoicing software allows you to create different types of invoices including standard, professional and premium versions depending on what kind of services you offer (for example: accounting services).

Choose a payment option that will work for you and your customers.

There are a few things to consider before choosing a payment option for your small business:

  • Will it be easy for me to use?
  • How comfortable am I with this type of payment?
  • What size do I need, and what types of customers will be using this payment method?


We hope this article has helped you to decide which payment option is right for you. Use our calculator to help determine the best payment option for your business, and make sure to contact us if you have any questions or concerns about your particular situation.