Short YouTube clip (Eric Deeran - Master Filmmaker) advising businesses to keep clients' payment cards on file and charge them directly to avoid long delays in invoice payments. The speaker emphasizes that sending invoices and waiting for clients to pay can cause extended payment lag, while storing card details and pulling payment ensures faster cash collection.
I can't tell you how much money my business has made and our clients businesses have made by simply just having the card on file and pulling it. Because what other people do is they'll send the invoice and then they have to wait a million years for the client to actually pay it. And then you're waiting around, waiting around, waiting around. And you don't have any sort of way of like actually getting that payment in. So you want to make sure that you have that on file. If you do not have that on file, you do not want to wait for the client to decide to pay you, because then you could be waiting a while there.
