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TrendsFebruary 22, 2025

The 'Pay Now' Revolution: Integrated Payments vs. Bank Transfers

By Tom Baker

The 'Pay Now' Revolution: Integrated Payments vs. Bank Transfers

Why sending an invoice with a built-in payment button is the single best thing you can do for your cash flow.

In the age of Amazon and Uber, friction is the enemy of transaction. If your client has to log into their bank portal, type in your account number, and approve a transfer, you are adding friction.

What are Integrated Payments?

Integrated payments mean your invoice contains a "Pay Now" button. The client clicks it, enters their card info (or uses Apple Pay/Google Pay), and the money is on its way.

The Stats Don't Lie

Data shows that invoices with integrated credit card or digital payment options are paid:

  • 3x faster than check payments.
  • 50% faster than bank transfers requiring manual entry.

Handling the Fees

Yes, processing fees exist (usually ~2.9%). However, consider the cost of chasing late payments or waiting 30 days for a check. Improved cash flow is often worth the small percentage.

Security Benefits

Integrated payments are also more secure for the client, as they don't have to share bank details directly with you—they use a trusted processor.

Invoice ASAP integrates seamlessly with major payment gateways, allowing you to add that magical "Pay Now" button to every invoice you send.

Tags:

#payments#cash-flow#fintech#business-efficiency

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