A short YouTube advice clip by Eric Deeran emphasizing that businesses should keep clients' payment card information on file and pull payments directly, to avoid long delays waiting for clients to pay invoices. The speaker argues that sending invoices alone often results in long waits and no reliable way to collect payment, so having the card on file prevents that delay.
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.
