Performing construction, renovations, or repairs can be rewarding work. To keep your business strong, you need reliable ways to receive payments from your clients.
Offering convenient, modern payment options ensures you get paid quickly while creating a smooth experience for customers.
1. Paper checks
Paper checks are still used by many clients, especially homeowners who tend to be of an older demographic. They provide a clear record of payment for clients. You can deposit them at a bank or capture them digitally using a mobile banking app.
While not the fastest option, they offer a sense of formality and reliability for certain customers.
Keeping checks as one of several available methods can make your services more flexible and accommodate a range of client preferences. However, they can be slower to clear and carry some risk of fraud.
Contractors should plan for possible delays in payment since funds may take several days to post.
2. Credit and debit cards
Credit and debit cards are widely used and trusted, offering secure, convenient payments that process quickly. Accepting these payments typically requires a payment processor or point of sale system, which can also provide valuable digital transaction records.
With a modern processor, you can accept contactless payments directly on-site or through an online invoicing platform.
This helps ensure smoother operations and faster access to your funds, whether you’re completing small repairs or large projects.
3. Digital wallets and mobile payment apps
Digital wallets such as Apple Pay, Google Pay, Venmo, and PayPal let customers pay instantly from their phones. These options are simple, secure, and well-suited to customers who prefer quick, cashless transactions.
Payments through these apps are confirmed immediately, giving both you and your clients confidence that the job has been settled.
Integrating mobile payments with your invoicing system can make managing transactions effortless.
4. ACH transfers
Automated clearing house (ACH) transfers send money directly from your client’s account to yours. This option is ideal for larger payments and provides a dependable, bank-to-bank transfer method that enhances financial efficiency.
Many banks, merchant services providers, and accounting platforms support ACH payments. They provide a secure way to receive funds without handling checks, helping your business run more smoothly.
5. Online invoicing systems
Online invoicing systems make it easy to send professional invoices and collect payments. Clients can pay directly through a secure link using a card or ACH transfer, making the process simple and professional.
This streamlined approach saves time, ensures accurate records, and helps you get paid faster. With digital invoicing in place, your payment process becomes more efficient and organized. Offering several modern payment options helps strengthen client relationships and keeps your projects on track. With dependable tools provided by a home contractor merchant service provider, you can focus on your work while enjoying a more predictable and professional payment experience.
North is a leading financial technology company that builds innovative, frictionless end-to-end payment solutions designed to simplify and grow businesses of all sizes. From the front door, to the back office, the developer world, and partnerships that expand the payments landscape, North offers proactive, comprehensive merchant services, in-house processing, and more.
