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Holiday Collection Policy Tips from the RevCycle Heroes

RevCycle

Send friendly reminders before the due date, highlighting any holiday-related delays in processing payments. Offer alternative payment methods: Provide options like online payments, installments, or pre-authorized debit to make it easier for customers to pay on time.

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Top 4 Accounts Receivable Challenges and How to Overcome Them

Gaviti

Work with the customer and see if you can come up with an alternative payment method. Another way to address this is to use a payment portal with many different payment options, allowing the customer to choose the payment method most comfortable for them without requiring any extra work from you.

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What is a Convenience Fee and How to Avoid It

Emagia

Understanding Convenience Fees A convenience fee is an extra charge that a business imposes when you make a payment through a non-standard method, such as a credit card or online payment system. For example, when purchasing movie tickets online or paying your utility bill via an app, you might encounter a convenience fee.