Cash crunch can often be a problem for businesses like yours. Whether it’s taking new orders or paying vendors on time, it is important to maintain a healthy cash flow at all times. Read on to know how you can boost cash flow with Priority Settlements by PayU.
What is Priority Settlements?
Priority Settlements is a PayU product that solves the cash flow problems of your business. Get your online customer payments instantly & run your business 24×7.
Why Do You Need It?
As the payment settlement process takes time, it’s difficult to receive your online collections instantly. Here are a few problems that PayU Priority Settlement mainly solves for your business while reducing the payment settlement time:
- Making timely payments
- Needing cashflow to meet capital expenses
- Providing instant refunds to your customers
How Does it Work?
Once a customer pays you, the money is deducted from their account instantly. Money moves from your customer’s bank to your bank via the payment gateway. With PayU Priority Settlements, these customer payments come to your bank account in just 15 minutes.
Know more about priority settlements in this video.