The Pay it Forward concept is not just for a personal act of kindness, it can also be applied to business. Kindness in a business environment results in positive ripple effects where everyone gains when they invest time in building good relationships. From consultants, vendors, suppliers to contractors, people like to do business with people they know, like and trust.
To build this rapport, now that your business has gone electronic, why not introduce your suppliers’ to the benefits of direct deposit payments. Encourage your suppliers to switch from receiving your manual cheques to direct deposit through Telpay. Direct deposit payments are fast, reliable and secure. Your payments are deposited directly into their bank account. No more special trips to the bank and they have faster access to their money. It’s easy.
How to Encourage Your Suppliers to Switch
- Phone: One of the best ways to build a rapport with your suppliers is to be in contact with them. Advise your suppliers to start receiving their payments by direct deposit by calling to let them know they will be paid faster. It is a phone call they will appreciate.
- Email: In your conversation, let them know you will follow up with email instructions on how to get started. Include a link to Telpay’s Direct Deposit web page for more information – http://www.telpay.ca/business/receive-money/basic-direct-deposit