Just over a week ago we introduced Square Invoices, and we’re pleased to report that our sellers have already processed over $1M via invoicing. Even better, in that time we’ve learned a few tips to help sellers get paid faster…
For quicker payments, send invoices to clients on Thursdays. We’ve found that invoices sent on Thursdays have the highest likelihood of being paid within two days by customers.
Customize the due date of each invoice. With Square Invoices, sellers can add a message for the recipient to request that the customer issue payment upon receipt. This can lead to speedier payment returns.
Avoid invoicing clients on Sundays. People are least likely to pay an invoice they’ve received on Sunday — it’s the laziest day of the week, after all.