Getting the job done is only part of running a successful contracting business. Getting paid quickly and efficiently is just as important. When customers are limited to checks or other manual payment methods, collecting deposits and invoice payments can take longer than necessary. Electronic payments give customers a convenient way to pay while helping contractors reduce the time spent waiting for checks, following up on outstanding balances, and manually recording payments.
Making payments easier can also help improve cash flow. Instead of accepting a proposal and then waiting for a customer to send a deposit separately, electronic payments can allow the approval and payment process to happen together. The same applies when the job is complete. Giving customers the ability to pay an invoice electronically removes extra steps from the process and makes it easier for them to take care of an outstanding balance. A faster, more convenient payment process benefits both the contractor and the customer.
One concern contractors often have with electronic payments is the cost of credit card processing. These fees can add up quickly, especially when processing larger deposits and invoices. JobPro is partnered with Payroc to give our customers an integrated payment processing option, including access to Payroc's RewardPay program. RewardPay can help eligible businesses offset some or all of their credit card processing costs, allowing contractors to provide the convenience of credit card payments without necessarily absorbing the full processing cost themselves.