The True Alternative to Debt Collection Agencies
Delays in payments can lead to stagnated growth, strained supplier relationships and drain you of your passion for running your business.
The answer most business owners look to are debt collection agencies, but they don't even work most of the time.
They do however add costs to your business, negatively affect your reputation and in most cases don't accomplish the actual goal of getting you paid.
For most businesses it's not worth the time and effort of getting set up with one when you don't even know it's going to work in the first place.
But what if there was a simple, efficient, and cost-effective alternative to debt collection agencies that prevented overdue payments entirely.
That's Pinch Payments! The no late-payment gateway, and you can try it for free.
Introducing Pinch Payments
An inexpensive and automatic alternative to Debt Collection Agencies in Australia and New Zealand
Pinch Payments offers an innovative solution that allows you to automate the collection of invoice payments, eliminating the need for debt collection altogether. With Pinch Payments, you can ensure that your invoices are paid promptly, saving your business time, resources, and the headaches associated with chasing overdue payments.
You don't need a debt collection agency if you don't have debt to begin with!
The Power of Pre-Approvals
With Pinch Payments Pre-Approvals, you can automate the collection of invoice payments instead of chasing them. Here's how it works:
- Store Customer Payment Methods: Pinch Payments allows you to securely store your customers' payment methods, either bank account or credit/debit card.
- Integrate with Accounting Systems: Connect your Pinch account to popular accounting systems like Xero, MYOB, QuickBooks, or any software that can send invoices to them. Once connected, any invoices you create from those systems will be automatically paid on their due date using the stored payment method.
- No Late Payment: The result? You can virtually eliminate late payments, freeing your business from the hassle of chasing overdue invoices and achieve cash flow certainty without the need to hire a debt collection agency.
The Impact of Late Payments
Late payments can have a detrimental effect on businesses, ranging from the stunting of growth to putting your own supplier relationships at risk. In an interconnected business world, ensuring that you pay your own suppliers promptly is crucial. By embracing Pinch Payments, you can break free from this cycle and maintain a healthier financial ecosystem within your business.
Simple and Free Setup
Simply connect your accounting system - Xero, QuickBooks or MYOB - or run it stand alone
Getting started with Pinch Payments is incredibly easy and doesn't require the negotiations and complexities associated with traditional debt collection services. In fact, you can be up and running with Pinch in as little as two days.
When you sign up for a Pinch account, you'll gain access to pre-made invoice payment plan templates that allow you to invite your overdue payers to settle their outstanding invoices in smaller, manageable amounts. This feature empowers you to take control of your existing overdue invoice payments quickly.
The Key to Success: Pinch Pre-Approvals
While the payment plan templates are helpful, the real solution to overdue payers is getting your customers on board with Pinch Pre-Approvals from the start.
This involves getting your customers to store their preferred payment methods, whether it's a bank account or a credit card, within the Pinch system.
There are multiple ways to get your customers set up with Pinch Pre-Approvals and we make it incredibly easy. Book a demo and we'll show you.
Customer Case Study
Hear from Simone,
Founder and Director of Sydney based cleaning company Jetlag Remedy.
“Automating Jetlag Remedy's invoice collection process via Pinch Payments has been a game-changer for us. It's not just about saving time and reducing manual errors; it's about gaining cash flow certainty. With reliable and predictable cash flow, we've had the confidence to take bold steps in our growth journey. Additionally, it has allowed us to rid those serial late payers.
Bill from Pinch provided us with some advice on how to fully implement a direct debit approach through a sundown method. Of course, we still service NDIS and DVA clients however I would say 95% of our business is primarily direct debit now.
We are now investing more in marketing campaigns, expanding our operations, making strategic hires, and pursuing other growth activities. Automating invoice payments has empowered us to embrace opportunities that were once deemed risky due to uncertainty in cash flow (late payers!), and it has truly accelerated our business's success."
- Simone Tsigolis - Jetlag Remedy
