Intermountain PI

5 Ways Private Investigators Accept Client Payments


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INTERMOUNTAIN PI PODCAST | EP. 30 | 1/21/2020 | 5 WAYS PRIVATE INVESTIGATORS ACCEPT CLIENT PAYMENTS
Utah private investigator Scott Fulmer with 5 ways private investigators accept client payments. Business magnate and philanthropist Sir Richard Branson said, “Never take your eyes off the cash flow because it’s the lifeblood of business.”  In fact, businesses fail for one reason and one reason only: Lack of cash.  Cash is king. To rephrase a quote made popular in the City of the Big Shoulders: Get paid early and get paid often.  

Let’s talk about the 5 ways private investigators accept client payments.  Obviously, there are more than five ways.  But the goal is to give your client plenty of ways to put their money in your pocket.
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5 WAYS PRIVATE INVESTIGATORS ACCEPT CLIENT PAYMENTS
First, accounting software programs such as Quickbooks and Freshbooks allow you to accept credit card payments.  Plus, they seamlessly integrate a client’s payment right into your accounting.  Furthermore, you can send invoices by email or use a credit card reader.  For example, Quickbooks’ GoPayment app.  This is my go-to option.  Check the show notes for their specific rates and fees.  
Second, a bank cashier’s check.  A cashier’s check is essentially a check from the bank. In other words it is guaranteed certified funds.  You can feel comfortable accepting a cashier’s check because it won’t bounce.  On the other hand, there is such a thing as fraudulent cashier’s checks.  If there’s any question as to the authenticity of the cashier’s check just take it to your bank and have them review it.    
The third of the 5 ways private investigators accept client payments is through mobile payment services.  For example, apps such as Venmo, PayPal and Facebook Payments. On the plus side, domestic clients are already familiar with these types of apps.  Again, the idea is to make it easy for clients to pay you. 

5 WAYS PRIVATE INVESTIGATORS ACCEPT CLIENT PAYMENTS

Fourth, credit cards.  For one thing, the credit card industry has changed dramatically. As a matter of fact, the days of leasing an expensive credit card terminal and pay...
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Intermountain PIBy Private Investigator Scott Fulmer