Pro Installer August 2015 - Issue 29 | страница 11

11 PRO INSTALLER AUGUST 2015 PRO NEWS @proinstaller1 Make chasing payments a thing of the past Being an independent tradesperson can give you real insight into people’s home lives; some customers are organised and some are definitely not! However, when it comes to paying, unprepared clients who have no cash on them can cause a huge headache. Not only does this mean you have spent hours working in their home, but now you have to come back to chase for payment. If this feels like an all too familiar experience, you are certainly not alone. Each month Britain’s sole traders chase an average of £200 in late payments because their customers don’t have cash on them. As UK consumers spend an average of £354 a year on builders and £175 a year on fitters, these costs, along with time wasted chasing money, can soon add up. However, for independent tradespeople and their customers there is a simple solution as bills can now be settled cash-free with the simple, secure and reliable mobile-to-mobile payment service called Paym. For self-employed tradespeople it is the smart way of getting paid as it doesn’t involve cash, cheques or debit and credit cards. The idea behind Paym couldn’t be simpler; money is paid straight into your bank account using just your mobile phone number. A mobile phone is an essential item for running a small business – getting your phone number known by clients is an important way of marketing your business, and now it can be a hassle free way of collecting payment too. There is no need to give out your sort code, account number or any other bank details. Most payments arrive in seconds and are sent through Faster Payments or LINK at the same speeds as existing current account, online, and mobile payments. Most importantly is that right now it’s free for customers to use, and included within the normal costs of running your business current account making it both a time and budget-efficient way of doing business. Three simple steps to start receiving money via Paym: 1. Before you use Paym, register your mobile number with your bank, building society or payment provider and nominate the account you want to link it to 2. Your customers can then pay directly into your account using just your mobile number – no need for sort codes or account numbers 3. With lots of banks and building societies that offer the service, you will receive an immediate alert to let you know you have received money into your account Paym is designed to be accessed through your bank or building society’s existing mobile banking or payments app, so it’s easy, quick and secure. Better Business There are no daily limits for receiving payments, which makes this the smart way of collecting your hard-earned money whilst on the move. All banks and building societies allow customers to send £250 per day, although some allow more. ‘More than 40 million customers are now able to register for Paym’ Who can use Paym? More than 40 million customers are now able to register for Paym, which means nine in 10 people that have current accounts are able to use the service. Customers of Bank of Scotland, Barclays, Clydesdale Bank, Cumberland Building Society, Danske Bank, first direct, Halifax, HSBC, Isle of Man Bank, Lloyds Bank, Nationwide Building Society, NatWest, Santander, TSB, Ulster Bank and Yorkshire Bank are able to send and receive Paym payments. RBS As part of your service to customers, you can download the Paym Mark logo for use on your business card, website or other promotional materials to instantly tell your customers that you accept Paym payments. The Paym Mark is available to download once terms and conditions have been accepted. customers are able to receive Paym payments with the ability to send payments coming soon for these customers. You can register multiple mobile numbers to one account and each number can be registered once. Contact your bank or building society to check if it offers Paym registrations for business accounts. For more information visit www. paym.co.uk/paym-businesses