Digital Payments for Business

Digital payments can reduce friction and expand customer choice, but each method has costs, fraud risks, settlement rules and local regulatory requirements.

Offer suitable choices

Depending on your market this may include bank transfer, mobile money, cards or other permitted digital methods.

Keep proof and records

Issue receipts where appropriate and reconcile transactions against orders, invoices and bank/payment statements.

Separate price from payment method

Know the amount due, fees, exchange-rate implications and when a payment is considered final.

Digital assets require extra care

Blockchain-based payments can introduce volatility, custody, wallet-security, accounting and regulatory issues. Verify what is permitted and appropriate in your jurisdiction.

Design for failure

Have a process for failed payments, refunds, disputes, connectivity outages and suspected fraud.