When the need arises to send out overdue payment letters to customers, SME Toolkit recommends setting up a formal system to send out a series of reminders. This system can include letters or phone calls along with letters. The tone of the letters gradually progresses from friendly to firm. Businesses have flexibility in how they manage this system.Know More
Every payment reminder is brief and to the point. To save time, the company can create template versions of each letter and fill in specific details when needed, according to the IT contracting and freelancing blog of expert UK technical consultant and software developer Jaffa Brown. The first letter takes a friendly approach while reminding the customer that his payment for a specific dollar amount has not been received. In this letter, the assumption is that the customer simply forgot and will pay promptly. Adding a call to action at the end by asking for payment provides gentle authority.
If the customer does not send in payment, his non-response triggers follow-up letters, notes Brown. The second letter, for instance, could still take a mild tone while being more firm in asking for payment. The end of the letter may stress the importance of paying promptly. If this letter is ignored, the remaining follow-up letters can be firm in tone while demanding immediate payment. Consequences of non-payment can be stated strongly in subsequent letters.Learn more about Personal Banking
MyCheckFree bill payment service allows customers to sign into their account and pay their bills electronically to participating companies, explains MyCheckFree. People can make same-day payments or pay in advance.Full Answer >
People can send up to $2,999 internationally via MoneyGram by logging on to the MoneyGram website and using a debit/credit card or their U.S. bank account. Users can also find a MoneyGram location by using the find-location feature on its website and transfer money in person.Full Answer >
Ameren, an energy company, allows customers to make payments online using electronic checks, an online banking payment option, or credit or debit card. Users must register online to use the bill pay service and must have a residential, business, customer business partner or property manager energy account.Full Answer >
SMS payments may be used to pay for digital goods and services, merchandise in retails stores and to transfer funds from one bank account to another individual or a business account. According to Mobile Transaction, as of 2013, the use of mobile phones to make SMS payments is growing rapidly among businesses and consumers.Full Answer >