{"id":5981,"date":"2017-05-04T14:27:00","date_gmt":"2017-05-04T14:27:00","guid":{"rendered":"https:\/\/www.instamojo.com\/blog\/?p=5981"},"modified":"2021-06-03T19:46:17","modified_gmt":"2021-06-03T14:16:17","slug":"6-reasons-business-collect-payments-online","status":"publish","type":"post","link":"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/","title":{"rendered":"6 Reasons Why Your Business Should Collect Payments Online"},"content":{"rendered":"<p>Many businesses have a website or online store but only collect payments via Cash on Delivery. While that changed drastically after demonetization, a cash crunch is not the only reason for you to collect payments online.<\/p>\n<p><strong>Ruchir Kanakia, Head of Business Development and Operations at Instamojo<\/strong>\u00a0wrote for <strong><span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/exotel.com\/blog\/collect-payments-online\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Exotel blog<\/a>:<\/span><\/strong><\/p>\n<h2>Six reasons why your business should collect payments online:<\/h2>\n<ul>\n<li>\n<h3>Scalability<\/h3>\n<\/li>\n<\/ul>\n<p>Companies can scale from 100 payments to 50,000 payments with little or no effort on their system. Hence, it is very easy to scale an online payments system as opposed to managing cash which involves hiring more people and installing a monitoring system to prevent theft.<\/p>\n<ul>\n<li>\n<h3>Cash Management<\/h3>\n<\/li>\n<\/ul>\n<p>Banks charge a small fee every time cash is deposited over a certain\u00a0amount in an account. Also, human effort is involved in carrying a large sum of cash to the bank. Hence, you end up spending more over a period of time. You need to factor in duplicate and torn notes which cause is a major issue while accepting cash.<\/p>\n<ul>\n<li>\n<h3>Account Reconciliation<\/h3>\n<\/li>\n<\/ul>\n<p>If you accept NEFT, Cheque or Cash, tracing a transaction back to a buyer is very difficult. Also, someone has to manually reconcile the accounts and the buyer cannot avail of the service or product unless the vendor provides him with a credit line.<\/p>\n<ul>\n<li>\n<h3>Limited Time<\/h3>\n<\/li>\n<\/ul>\n<p>NEFT transactions can be initiated only between 9 am to 5 pm on a working day. Also, to manage cash you need an employee or person. It is possible to accept <a href=\"https:\/\/www.instamojo.com\/payment-gateway?utm_source=imblog&amp;utm_medium=interlink&amp;utm_campaign=payment_gateway\" target=\"_blank\" rel=\"noopener\">online payments<\/a> anytime and you can serve your customers 24*7.<\/p>\n<ul>\n<li>\n<h3>Productivity<\/h3>\n<\/li>\n<\/ul>\n<p>You need to spend so much time thinking about and managing your payment processes whereas the same time can be used to focus on growing your core business.<\/p>\n<ul>\n<li>\n<h3>Buyer Preference<\/h3>\n<\/li>\n<\/ul>\n<p>More &amp; more buyers now prefer to pay online. Hence it is always good to give customers as many options as possible to buy a product or service. It goes without saying \u201cCustomer is King.&#8221;<\/p>\n<p>Are you ready to start collecting payments online? Try a new method of doing just that! Try the Instamojo experience today.<\/p>\n<hr \/>\n<p style=\"text-align: center;\"><a class=\"mb-button mb-style-flat mb-size-default mb-corners-default mb-text-style-default \" style=\"background-color: #2bc470;\" href=\"https:\/\/www.instamojo.com\/?utm_source=imblog&amp;utm_medium=interlink&amp;utm_campaign=home_page\">SIGN UP NOW<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Many businesses have a website or online store but only collect payments via Cash on Delivery. While that&hellip;\n","protected":false},"author":5,"featured_media":5984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[398,6],"tags":[802,349,29,803,801,800,799],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>6 Reasons Why Your Business Should Collect Payments Online - Blog Instamojo<\/title>\n<meta name=\"description\" content=\"Are you looking for reasons to start collecting payments online? Here are six solid causes your small business should collect payments online today.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"6 Reasons Why Your Business Should Collect Payments Online - Blog Instamojo\" \/>\n<meta property=\"og:description\" content=\"Are you looking for reasons to start collecting payments online? Here are six solid causes your small business should collect payments online today.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog Instamojo\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Instamojo\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-04T14:27:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-03T14:16:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/05\/collect-payment-online.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1150\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@instamojo\" \/>\n<meta name=\"twitter:site\" content=\"@instamojo\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rapti Gupta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.instamojo.com\/blog\/#organization\",\"name\":\"Instamojo\",\"url\":\"https:\/\/www.instamojo.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/Instamojo\",\"https:\/\/www.instagram.com\/instamojo_india\/\",\"https:\/\/www.linkedin.com\/company\/instamojo\/\",\"https:\/\/www.youtube.com\/user\/instamojo\",\"https:\/\/in.pinterest.com\/instamojo\/\",\"https:\/\/twitter.com\/instamojo\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.instamojo.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2020\/10\/Instamojo-logo.png\",\"contentUrl\":\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2020\/10\/Instamojo-logo.png\",\"width\":400,\"height\":92,\"caption\":\"Instamojo\"},\"image\":{\"@id\":\"https:\/\/www.instamojo.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.instamojo.com\/blog\/#website\",\"url\":\"https:\/\/www.instamojo.com\/blog\/\",\"name\":\"Blog Instamojo\",\"description\":\"eCommerce business growth blog\",\"publisher\":{\"@id\":\"https:\/\/www.instamojo.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.instamojo.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/05\/collect-payment-online.png\",\"contentUrl\":\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/05\/collect-payment-online.png\",\"width\":1150,\"height\":500,\"caption\":\"online payment provider\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#webpage\",\"url\":\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/\",\"name\":\"6 Reasons Why Your Business Should Collect Payments Online - Blog Instamojo\",\"isPartOf\":{\"@id\":\"https:\/\/www.instamojo.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#primaryimage\"},\"datePublished\":\"2017-05-04T14:27:00+00:00\",\"dateModified\":\"2021-06-03T14:16:17+00:00\",\"description\":\"Are you looking for reasons to start collecting payments online? Here are six solid causes your small business should collect payments online today.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.instamojo.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"6 Reasons Why Your Business Should Collect Payments Online\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#webpage\"},\"author\":{\"@id\":\"https:\/\/www.instamojo.com\/blog\/#\/schema\/person\/83b5dfe260ee4d9e47af97285227a936\"},\"headline\":\"6 Reasons Why Your Business Should Collect Payments Online\",\"datePublished\":\"2017-05-04T14:27:00+00:00\",\"dateModified\":\"2021-06-03T14:16:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#webpage\"},\"wordCount\":352,\"commentCount\":9,\"publisher\":{\"@id\":\"https:\/\/www.instamojo.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/05\/collect-payment-online.png\",\"keywords\":[\"collect money online\",\"Collect Payments Online\",\"Online payments\",\"online payments via Instamojo\",\"pay online\",\"reasons to collect online payments\",\"why collect payments online\"],\"articleSection\":[\"Business Advice\",\"Team Speaks\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.instamojo.com\/blog\/#\/schema\/person\/83b5dfe260ee4d9e47af97285227a936\",\"name\":\"Rapti Gupta\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.instamojo.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/414d89162c72929c175ccf14782123e3?s=96&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/414d89162c72929c175ccf14782123e3?s=96&r=g\",\"caption\":\"Rapti Gupta\"},\"description\":\"Content Marketer. Serious Nonsense Enthusiast.\",\"sameAs\":[\"https:\/\/www.instamojo.com\/blog\"],\"url\":\"https:\/\/www.instamojo.com\/blog\/author\/rapti\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"6 Reasons Why Your Business Should Collect Payments Online - Blog Instamojo","description":"Are you looking for reasons to start collecting payments online? Here are six solid causes your small business should collect payments online today.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/","og_locale":"en_US","og_type":"article","og_title":"6 Reasons Why Your Business Should Collect Payments Online - Blog Instamojo","og_description":"Are you looking for reasons to start collecting payments online? Here are six solid causes your small business should collect payments online today.","og_url":"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/","og_site_name":"Blog Instamojo","article_publisher":"https:\/\/www.facebook.com\/Instamojo","article_published_time":"2017-05-04T14:27:00+00:00","article_modified_time":"2021-06-03T14:16:17+00:00","og_image":[{"width":1150,"height":500,"url":"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/05\/collect-payment-online.png","type":"image\/png"}],"twitter_card":"summary","twitter_creator":"@instamojo","twitter_site":"@instamojo","twitter_misc":{"Written by":"Rapti Gupta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/www.instamojo.com\/blog\/#organization","name":"Instamojo","url":"https:\/\/www.instamojo.com\/blog\/","sameAs":["https:\/\/www.facebook.com\/Instamojo","https:\/\/www.instagram.com\/instamojo_india\/","https:\/\/www.linkedin.com\/company\/instamojo\/","https:\/\/www.youtube.com\/user\/instamojo","https:\/\/in.pinterest.com\/instamojo\/","https:\/\/twitter.com\/instamojo"],"logo":{"@type":"ImageObject","@id":"https:\/\/www.instamojo.com\/blog\/#logo","inLanguage":"en-US","url":"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2020\/10\/Instamojo-logo.png","contentUrl":"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2020\/10\/Instamojo-logo.png","width":400,"height":92,"caption":"Instamojo"},"image":{"@id":"https:\/\/www.instamojo.com\/blog\/#logo"}},{"@type":"WebSite","@id":"https:\/\/www.instamojo.com\/blog\/#website","url":"https:\/\/www.instamojo.com\/blog\/","name":"Blog Instamojo","description":"eCommerce business growth blog","publisher":{"@id":"https:\/\/www.instamojo.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.instamojo.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#primaryimage","inLanguage":"en-US","url":"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/05\/collect-payment-online.png","contentUrl":"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/05\/collect-payment-online.png","width":1150,"height":500,"caption":"online payment provider"},{"@type":"WebPage","@id":"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#webpage","url":"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/","name":"6 Reasons Why Your Business Should Collect Payments Online - Blog Instamojo","isPartOf":{"@id":"https:\/\/www.instamojo.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#primaryimage"},"datePublished":"2017-05-04T14:27:00+00:00","dateModified":"2021-06-03T14:16:17+00:00","description":"Are you looking for reasons to start collecting payments online? Here are six solid causes your small business should collect payments online today.","breadcrumb":{"@id":"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.instamojo.com\/blog\/"},{"@type":"ListItem","position":2,"name":"6 Reasons Why Your Business Should Collect Payments Online"}]},{"@type":"Article","@id":"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#article","isPartOf":{"@id":"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#webpage"},"author":{"@id":"https:\/\/www.instamojo.com\/blog\/#\/schema\/person\/83b5dfe260ee4d9e47af97285227a936"},"headline":"6 Reasons Why Your Business Should Collect Payments Online","datePublished":"2017-05-04T14:27:00+00:00","dateModified":"2021-06-03T14:16:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#webpage"},"wordCount":352,"commentCount":9,"publisher":{"@id":"https:\/\/www.instamojo.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#primaryimage"},"thumbnailUrl":"https:\/\/www.instamojo.com\/blog\/wp-content\/uploads\/2017\/05\/collect-payment-online.png","keywords":["collect money online","Collect Payments Online","Online payments","online payments via Instamojo","pay online","reasons to collect online payments","why collect payments online"],"articleSection":["Business Advice","Team Speaks"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.instamojo.com\/blog\/6-reasons-business-collect-payments-online\/#respond"]}]},{"@type":"Person","@id":"https:\/\/www.instamojo.com\/blog\/#\/schema\/person\/83b5dfe260ee4d9e47af97285227a936","name":"Rapti Gupta","image":{"@type":"ImageObject","@id":"https:\/\/www.instamojo.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/414d89162c72929c175ccf14782123e3?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/414d89162c72929c175ccf14782123e3?s=96&r=g","caption":"Rapti Gupta"},"description":"Content Marketer. Serious Nonsense Enthusiast.","sameAs":["https:\/\/www.instamojo.com\/blog"],"url":"https:\/\/www.instamojo.com\/blog\/author\/rapti\/"}]}},"_links":{"self":[{"href":"https:\/\/www.instamojo.com\/blog\/wp-json\/wp\/v2\/posts\/5981"}],"collection":[{"href":"https:\/\/www.instamojo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.instamojo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.instamojo.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.instamojo.com\/blog\/wp-json\/wp\/v2\/comments?post=5981"}],"version-history":[{"count":5,"href":"https:\/\/www.instamojo.com\/blog\/wp-json\/wp\/v2\/posts\/5981\/revisions"}],"predecessor-version":[{"id":18220,"href":"https:\/\/www.instamojo.com\/blog\/wp-json\/wp\/v2\/posts\/5981\/revisions\/18220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.instamojo.com\/blog\/wp-json\/wp\/v2\/media\/5984"}],"wp:attachment":[{"href":"https:\/\/www.instamojo.com\/blog\/wp-json\/wp\/v2\/media?parent=5981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.instamojo.com\/blog\/wp-json\/wp\/v2\/categories?post=5981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.instamojo.com\/blog\/wp-json\/wp\/v2\/tags?post=5981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}