Optimal Solutions for Online Payment Collection and Invoicing

Smart devices, including phones and computers, are the current means of communication with the world from your place. It is natural to search for the best online payment and invoicing software, especially if you own an e-commerce store or are a merchant looking to collect payments from customers. There is no need to worry about this point from now on. Several programs are available; explore the strengths and weaknesses of each before making your choice.

The optimal programs for online payment collection and invoicing:

• PayPal:

• A worldwide known application, especially among e-commerce owners, due to the ease of procedures imposed, secured, and not exposing you as a business owner or customer to risks. 
• The fees for international transfers are higher than those for transfers within the same country, which are only 1%.

• Western Union

• This program allows for sending international transfers to any place in the world quickly and without restrictions.
• It operates in 200 countries, and money transfers are available in 130 currencies.
• To benefit from it, create a Western Union account and make sure to activate your profile. Enter user details, including full name, residing country, and the country you want to send money to.

• American Express

• One of the most important global companies for international money transfers between countries, with simple procedures and strict privacy policies to safeguard customer data. 
• Its systems have not witnessed any breaches or harm to date. The headquarter in New York City, and was founded in 1850.

• Mada 

• It is a Saudi company affiliated with the Saudi Bank, established in 1990.
• It was founded to promote easy and fast transfers, whether locally or internationally.
• It provides its services to customers without any fees. 
• Money received through it can be withdrawn from one of the 18,000 ATMs located in Saudi Arabia. 

• Scoro App

• It is the most famous software for creating visually appealing and consistently styled electronic invoices to encourage prompt payment.
• You will quickly finish creating the invoice and send it to the customer.
• The monthly subscription is $22, and a 14-day free trial is available as a trial period. It works on Windows laptops as well as smartphones.

• Invoice2go

•  Provides dozens of formats and file types from which you can choose to prepare your invoice.
• It provides you with the invoice tracking feature, whether the customer has received it or not.
• It is paid and costs only $20 annually.

Benefits of online invoicing and payment applications:

You better choose the best payment and invoicing application so that you receive the utmost benefit from it

• Receive your money while at home without exerting any effort or time going to official offices, interacting with others, or possibly engaging in verbal disputes with employees.
• Ability to request the due amounts from customers at any time you prefer.
• Numerous electronic transactions can be processed simultaneously.
• Complete the preparation of invoices and accounts and send them to their recipients via WhatsApp or email.
• Transparency and flexibility in dealing with the customer lead to eliminating the possibility of arguments over financial details as the required information is clear, non-negotiable, and not prone to deception.
• By choosing one of the electronic payment gateways, you can build a wide customer base, especially if you own a store, as the payment aspect is a major factor that often makes customers hesitant to make a purchase.
• Keeping up with modernity and contemporaneity that everyone desires.
• Prevention of fraud and theft operations.
• More organized than traditional procedures.
• Late invoices will no longer be a concern after adopting these programs.

 Standards for creating online invoicing:
The aim of finding the best program for online money collection and invoicing is to present it well to the customer. Therefore, follow the following tips:

• Keep it concise, and clarify the requirements without unnecessary elaboration.
• Review it carefully to avoid any errors or issues that could affect their trust.
• Use gratitude phrases like “please” and “thank you” as these encourage faster payment.
• Give them some time to complete payment; so that they don’t feel pressured to pay immediately. Provide a one-week period to arrange the payment.
• Apply reasonable late fees, for example, 20%, and avoid setting high margins.
• Ensure that the terms are reasonable, and keep customers informed of any updates or changes.

When you will need an online payment transfer program:

Everyone is looking for the best program for online money collection and invoicing, but who specifically needs it? Certainly, these programs and innovative ideas are designed for the following scenarios:

• Owners of large businesses deal with clients located outside their physical location.
• Students enrolled in virtual universities who wish to pay fees without the need for travel and long distances.
• Remote employees for global companies receive their monthly salaries through these programs.
• Your desire for migration, travel, and settling abroad may require sending money to a bank beforehand.
• Purchasing properties remotely, for example, in a country known for its real estate sector, investors will invest there. In this case, you can contact a reliable real estate company, transfer the money to them, and they will take care of all the procedures without your presence.

When relying on money transfer applications, take those points into account:

• Exchange rates vary from one country to another, so your transfer will be affected by it. Not all programs and applications offer the same rates; explore online platforms and check the most common ones.
• Some applications impose additional fees, and their percentages may vary depending on the transferred amount and the destination country.
• Some programs require a few minutes to send the amount, while others may take up to three days at most.
• Beware of dealing with unreliable or new entities to avoid being vulnerable to theft and fraud.
• If there is a delay in the arrival of funds, contact the customer support team directly through the provided phone numbers or email.

 Disadvantages of online money transfers:

Despite the wide range of positives offered by the best program for online money collection and invoicing, some negatives may be present, including the following:

• Some programs do not support the language you desire, forcing you to choose another that may have fewer features but supports your language.
• You may encounter programs that do not serve the location where you are situated.
• Difficulty in using them, especially for individuals who are not digitally literate enough, leads them to make errors.

Features that EdfaPay provides for invoicing and money collection:

If you want to know the best program for online money collection and invoicing, you should familiarize yourself with the features EdfaPay offers and understand how it can assist you.

• Organize invoices that align with your brand before sending them to your customers.
• Accept all types of electronic wallets and international and local credit cards.
• Provide you with accurate reports that give insights into your business performance and the direction it is heading.
• Send invoices in the format that suits you, whether as a PDF or as a text message via one of the social media platforms.
• The unified PayBy dashboard allows you to monitor your invoices easily from anywhere and at any time.

The best program for online money collection and invoicing is not limited to anyone. Save time and effort now, and streamline your business wherever you are. EdfaPay makes it easier than you imagine.