Are clients still paying you by check? How is that working for you? It may actually be easier for you–and them–to use an electronic, or “e-payment,” solution. A client can use a credit or debit card if they prefer or, depending on the tool, the money owed to you can be deposited virtually immediately and securely and with less steps on your part to make the deposit–even if your bank or credit union allows you to make electronic check deposits using their mobile app.

No doubt you’re familiar with PayPal, Square, and Venmo but there are literally dozens of options with different fee schedules, security, and other services.

Recently Entrepreneur magazine published a piece with a slide show of 25 payment tools for small businesses. These tools include systems like Dwolla, Authorize.net, Braintree, and Stripe. The differences between them include global versus domestic payments, the ability to handle recurring payments, processing fees, device friendliness, loyalty programs, and tax calculation.

Time tracker software firm Clockify also has suggestions for payment tools specific to freelancers, which can translate, of course, to your personal chef business. They include Quickbooks Online, which facilitates online invoicing, and Google Pay, which combines and replaces the previously used Android Pay, Google Pay Send and Google Wallet.

According to Clockify, these are some issues to consider when choosing a payment tool:

  • Transaction fees: how much it charges for each transaction
  • Processing time: how much time it needs to process payments
  • Payment methods: does it support your preferred payment methods
  • Transfer limit: how much money can you receive at once

You also obviously want to do thorough research on those tools that look the most appealing to you. The biggest risk is that you hook up with a less-than-savory service. A company like Payza, which was charged with money laundering and fraud in 2018, is clearly one to avoid.

And, remember, the best payment system for you also has to be the best for your clients.

How do you invoice and collect payment from clients? Do you use an e-payment solution?

Not an APPCA member? Now’s the perfect time to join! Go to personalchef.com to learn about all the benefits that come with membership.

And if you are a member and have a special talent to share on this blog, let us know so we can feature you!

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Caron Golden

About 

Founder of premier organization of personal chefs inspires students to follow their dreams of culinary entrepreneurship.

Candy Wallace, executive director of the American Personal & Private Chef Association (APPCA), today was recognized by Sullivan University’s National Center for Hospitality Studies as its 33rd Distinguished Guest Chef.

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