It's no secret that we live in an interconnected world where sending and receiving payments can occur with just a click of a button. For business owners, that's welcome news since this makes it more convenient for you to get paid online, as well as increasing your cash flow since payments happen in real-time.
Thankfully, there are more than enough ways for me to receive and send funds digitally and remotely. Not only are these ways more convenient, they're also faster, cheaper, and better for the environment as opposed to writing out checks every week.
Recurring payments is one of the best ways to maintain a steady stream of revenue. However, the average person is quite reluctant to opt into recurring payment cycles. That being said, it's imperative that you create a billing cycle that not only attracts new customers but also retains your current ones.
Recent innovations in software, encryption, and networking technology have changed the way people work, how they communicate, and the expectations they have about how services are delivered. One area of technology-driven change which is about to break out of niche markets and into the mainstream is digital payments.