Western Union, a global payments company, has launched Small Business Payments, an online payment acceptance and accounts receivable (A/R) service designed specifically for small and medium-sized enterprises (SMEs). The new solution, available nationwide in the US, delivers payment processing, automated invoicing, recurring billing, customer management and reporting, in one integrated payment suite for SMEs.
Small Business Payments will allow business owners to enrol for the service online quickly and effortlessly. Small business customers will benefit from the ease and convenience of online or phone payments from their checking account or credit card. More than 27 million small businesses exist in the US marketplace, according to the US Department of Commerce Census Bureau. The service is designed to meet the unique needs of this business segment, with features customised to deliver high value in performance, reliability, and ease of use.
“Western Union understands the need for business owners to invoice and accept payments in a timely, efficient manner to optimise their cash flow and keep their businesses healthy,” said Victoria Lopez-Negrete, senior vice president (SVP) and general manager, North America, Western Union. “With Western Union, SMEs, which continue to play a vital role in the US economy, can manage their businesses more efficiently.”
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