3 New Invoicing Features to Help You Get Paid Faster
You want to get paid fast. And one way to do that is to make the payments process as seamless as possible for both you and your clients. We added three new features to Square Invoices to help do just that.
Now you can store customers’ cards on file, set up recurring payments, and schedule invoices — all of which make it easier for you to get paid. Here’s how they work:
Securely store your clients’ cards.
Square Invoices’ new Card on File feature allows your clients to securely store their credit cards with Square, which makes checkout faster and easier. This eliminates needless back-and-forth — clients don’t have to enter their credit card information for every payment. Card on File is great for personal service providers (like dog walkers), as the feature allows you to bill for only what the client owes you. (Fido may have needed an extra-long walk one week, for example, and only a quick outing the next).
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Set up recurring invoices.
With Recurring Invoices, you can send invoices and collect payments for the same amount at regular intervals (like each day, week, month, or year). So if you’re a wedding planner, a photographer, or attorney, for example, you can have your clients make monthly payments according to a set schedule. Coupled with Card on File, Recurring Invoices is extremely handy if you’re a membership-based business, like a gym or wine club. When customers opt in, you can automatically charge customers what they owe every month (or at other intervals as agreed).
Schedule your invoices.
You can also schedule and send individual invoices on the days that are most convenient for your clients — and for your bookkeeping. For example, you may want to send all your invoices out at the end of the month.
With the right tools, invoicing doesn’t have to be as much of a pain. Square Invoices helps streamline invoicing with features that automate the most time-consuming parts of the process. Invoices are always free to send. Pay 2.9 percent + 30 cents per invoice when customers pay with credit or debit (Visa or Mastercard co-branded debit cards) online. Pay just 3.4 percent + 15 cents when customers authorize you to keep a card on file. See funds from paid invoices deposited directly into your bank account in one to two business days. Learn more about Square Invoices.
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