Managing bill payments by cheque or ACH can be a drain on resources. Providing customers with expanded payment options, including Visa acceptance, can make a real difference to your efficiency and cash flow.
Visa is actively working to improve acceptance and make it easier and more cost-effective for billers. Online bill pay is growing rapidly, and customers – especially younger ones – have come to expect the ability to set up recurring payments and take advantage of other conveniences associated with using their Visa cards. In fact, 3 in 10 consumers have changed the way they pay their bills in the past two years, and finding a more convenient way to pay was the most frequently cited reason.1
Merchants can opt to accept Visa by setting up automatic payments for recurring bills or by taking card information for individual payments over the phone or online.
1 Source: Aite Group Report: How Americans Pay Their Bills: Sizing and Forecasting Bill Pay Channels and Methods, 2010–2013