Good Business Pays’ Post

If you knew then what you know now who would not be a customer of yours now. Hindsight is a wonderful thing but having KYC steps as part of your onboarding process can save time , energy and the odd sleepless night. #latepayment #knowyourcustomer #businessowners

Tired of paying high processing fees with nothing in return? 💸 Many payment processors charge excessive fees with no added value. At Pay It Forward, we keep fees low and give a portion of each transaction back to causes that matter. Switch today and turn your fees into impact! . #SaveAndGive #PaymentSolutions #PayItForward #BusinessWithPurpose #ImpactfulGrowth

Can you believe ACA International is just around the corner? We're putting the final touches on our trip and can't wait to share how Pay N Seconds can revolutionize your payment processes. Visit us at Booth #516 next week to see our innovative solutions and meet our team of experts. Get ready for insightful discussions and more! See you soon! 🌟 #ACAInternational #CountdownBegins #PaymentSolutions

Managing payments to manufacturers and staff can be a daunting task, but it doesn't have to. Our Bulk Payout solution is designed to streamline your financial processes, making it easier to stay on top of your commitments. Try it today and experience the difference! #Payaza #SeamlessTransactions #BusinessTips #FinanceSolutions #BulkPayout #EntrepreneurLife

We offer discounts to cash-paying customers and lower your payment processing fee. Start saving today with Payzium. #cashdiscounts #savemoney #paymentprocessing #payzium #discountoffers #paymentfees #moneysavingtips

It's here! The Good Business Pays CIC Late & Slow Payment Watchlist is published twice a year to feature the names of the companies who, over the past year, have reported some of the slowest payment times that in one case is 396 days! We also list those companies who report paying more than half of their invoices late - for several that means 100% of their invoices paid late. Finally, we have our running list of 'serial late payers' - those companies that have reported slow AND late payment of invoices for more than five years. Take a look at the charts to see who is on the list and why: https://lnkd.in/ePbDCTKn Liz Barclay the Office of the Small Business Commissioner said of the latest list, ”I am astonished that any firm thinks that, in a digital age when it’s possible to pay invoices almost instantaneously, it’s acceptable to pay in 90 days never mind 396 or 125. Contractual terms of that length are grossly unfair to a smaller supplier, and to pay late on top of that can amount to rubbing salt into an already fatal wound. We have hundreds of big businesses spending vast sums to update payment systems and support their essential suppliers. We must learn from them and their Boards because when everyone pays quickly and fairly everyone benefits from the economy to wider society and local communities, as well as the businesses themselves.” #paydontdelay #cashflow #latepayments #payments #smallbusiness

Have you been a victim of late payments from B2B customers? Good Business Pays CIC's (no relation) latest Late and Slow Payment Watchlist names and shames large companies deemed to be prime culprits for making late payments to suppliers, with companies listed in the report taking an average of 110 days to pay invoices. Read our full take on this report in our latest Friday 5, including how our friends at NatWest – winner of Good Business Pays’ Fast Payer Award three years in a row – are showing everyone how it’s done: https://lnkd.in/eD34dXis #Sustainability #ResponsibleBusiness #Business

💸 Big Businesses Named and Shamed for Late Supplier Payments by Good Business Pays 💸 https://lnkd.in/ee6fyTS3 Disappointing, but not surprising, to see so many large companies listed as late payers on Good Business Pays' latest watchlist. This is a major issue for SMEs, who often rely heavily on a healthy cash flow to stay afloat. Late payments can have a domino effect, impacting everything from payroll to supplier payments for smaller businesses. I've unfortunately seen all sorts of tactics first hand, from lengthy PO processes to being bullied into unreasonably long payment terms. While late payment fees are an option in defence, they rarely get used due to the fear of damaging relationships and losing contracts. This puts SMEs in a difficult position. Articles like this are crucial in holding large corporations accountable. By shining a light on late payers, we can encourage them to clean up their act and prioritise timely payments. #SupplyChain #LatePayments #SMEs #BusinessResponsibility #paydontdelay

I don't use UPI – yes, you can call me old school, but it's my choice. Now, let’s move on to something more relevant: the impact of UPI on transaction recording. I've noticed a significant change in my clients' bank statements. What used to be 15-page statements have turned into 150 pages, both for savings and current accounts. A lot of these transactions are through UPI. There's no doubt that UPI is user-friendly, but when clients want to write their accounts want to audit their bank accounts, they often struggle to understand the details of these 150-page statements. So, how do you maintain your expenses if you're spending via UPI? One important aspect to consider is the psychological difference between spending cash and using UPI. When cash goes out, you physically feel the spending. With UPI, however, that tangible sense of expenditure is missing and you end up with more spending. Do you agree? I'd love to hear your inputs on this! #UPI #bank #records #cash #feel

Timely payments aren't just about keeping the books balanced—they reflect a company’s commitment to fairness, reliability, and respect for their partners. When payments are made on time, businesses thrive, relationships strengthen, and everyone moves forward with confidence. Leave your rating/review on whonopay.com #PaymentPending #DelayedPayments #PaymentSolutions #BusinessPayments #InvoiceProblems #PayOnTime #GetPaidNow #PaymentIssues #PaymentDelays #CashFlowMatters #LatePayments #FreelancerPayments #InvoicePaid #B2BPayments #SmallBizPayments #PaymentProcessing #GetPaidFaster #BusinessCashFlow #PaymentChallenges #youknowwhonopay #whonopay