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Service Companies
Payment Processing Methods
Payment Processing Methods
Payment Types & Methods
There are many ways to process payments and automatic Electronic Funds Transfer (EFT) is the most cost effective method.
| EFT from checking account | Web based payments |
| EFT from saving account | Payment by telephone |
| EFT from Credit Cards | Payment at your location |
| Mailing payments through USPS | |
Payment Cycles
Payment cycles are just as important as processing types and methods. More frequent cycles mean lower payments to customers and increased cash flow to you. Monthly is the most common payment cycle used.
Weekly Monthly Semi-yearly
Bi-weekly Quarterly Yearly
We offer the following dates to process EFT
When paying electronically, offering your customer a choice of draft or debit dates is necessary. Customers know their personal cash flow. We offer the following dates to process EFT:
1st of month 10th of month 20th of month
5th of month 15th of month 25th of month
