Many businesses collect credit card data from customers manually, which can be inefficient. Walletdoc enables merchants to “collect money from customers using online credit and debit card payments on invoices and statements,” says joint-CEO and AlmaLinks member Leonard Shenker. “WalletDoc hopes its new money collection service will improve non-face-to-face card transactions between suppliers and customers.”
“Consumers are cash-strapped and this creates cash flow issues for businesses. By allowing consumers to pay accounts online and instantly by credit and debit cards, our merchants have noticed a dramatic increase in the speed and volume of payments which has improved their cash flow.
“Our network of payable billers is now growing exponentially with our new offering for all businesses which seek a smart solution to collect more money by offering online card payments,” he adds.