Oct 1, 2015 • #tips-advice
For businesses without traditional store fronts there are a range of smartphone payment apps on the market that pair with a bluetooth/mobile card reader (such as ANZ FastPay), enabling you to collect payments on the go. Checking that the card is in name of the person whom you are supplying the goods/services to will reduce your risk of a payment dispute later on.
Make sure you have the customer’s full name, address and/or company details including ABN. If it is a company, check that the details given to you match those on ABN Lookup and if they don’t match ask why. You may be dealing with a Trust whom has no liability for any incurred debts.
Incorrect data can cause you headache and cost you money, for example sending out an invoice of $450.00 for a $4,500.00 account.
This gives you the opportunity to resolve any issues before the account becomes overdue, as well as being a good customer service initiative.
If you found these tips helpful, and you would like further advice on creating credit terms and/or other risk management initiatives, please contact us at firstname.lastname@example.org or on +61 2 9539 8818
Disclaimer: The information displayed on this page is provided for information purposes only and does not constitute legal advice. If you have a legal problem, you should see a lawyer. Central Finance Management Group an affiliated companies aim to provide information that is accurate, however does not accept responsibility for any errors or omissions in the information provided on this page or incorporated into it by reference.
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