Taking payment by credit or debit card rather than by cheque, cash or transfer. Cards cost a percentage and they get paid faster, and for most small trades the second effect is worth more than the first — an invoice with a pay button on it clears in days rather than weeks.
In FieldQuo — Get paid by card
The client pays from the invoice email and the money goes to your account, not to FieldQuo's.
Related terms
- Processing feeThe cut the card networks and your payment processor keep from every card transaction.
- ChargebackWhen a customer disputes a card payment with their own bank and the money is taken back out of your account while the claim is looked at.
- Payment termsWhen payment is due, counted from the invoice date.
Every document in your name, not ours
Quotes, invoices and scheduling for field-service businesses. Your first 14 days are free — your card isn't charged until they end.
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