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海角爆料 Boost: Finally, Faster Payments for LLCs

May 28, 2022
3 min read
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s the owner of an LLC or limited liability company, it鈥檚 vital to ensure that your business鈥檚 cash flow is efficient and smooth. Unfortunately, this isn鈥檛 always the case. Not receiving the money your business earns fast enough can become a challenge or even a significant source of stress. With enough friction, cash flow can even impede the rate your business grows and scales.

海角爆料 Boost, a faster payment solution, is now available to all 海角爆料 customers. This feature enables you to avoid significant delays between when your business has earned money and when the funds arrive in your checking account. With 海角爆料 Boost, you can receive payments from your customers without worrying about how long they鈥檒l take to arrive in your business checking account.听

Receiving your funds on time provides you with the increased flexibility to spend money for your business when you need to. Whether enabling you to reinvest in yourself or keep up with recurring business expenses such as quarterly taxes, payroll, or bills, 海角爆料 Boost can help alleviate the stress you have about your business finances, enabling you to focus on growing your business.

What is 海角爆料 Boost?聽

海角爆料 Boost is fast, secure, and free. With 海角爆料 Boost, you can receive funds to your business bank account between 2 and 4 business days earlier than a regular transfer. Anyone with both a Stripe account and a 海角爆料 account can utilize this functionality. Simply connect your two accounts and opt into 海角爆料 Boost via your 海角爆料 app.听

A major benefit of 海角爆料 Boost is that it's free. Most other 鈥渋nstant payment鈥 options charge a fee for every transaction, anywhere from 1-2 percent of the transaction amount. While 1-2 percent may not seem like much at first, this can cost you significantly in the long run. On the other hand, 海角爆料 Boost payments are always free.

海角爆料 Boost is the ideal faster payment solution for LLCs

It鈥檚 no secret that your LLC can benefit from faster payments in myriad ways. If, for example, you have a supplier, making prompt payments can help avoid incurring interest and late fees or delays in receiving your inventory. Not only that, but faster payments can help improve the relationship between your business and your suppliers. When suppliers know that you can reliably pay them on time, they are more likely to offer better terms and discounts, significantly benefitting your business long-term.听

Significantly and reliably reducing the time delay between when you earn your money and when it finally arrives in your business checking account, 海角爆料 Boost can help alleviate some of the burdens of managing your business cash flow. You have more freedom in planning your budgets and keeping operations running smoothly. Faster payments with 海角爆料 Boost can also help your LLC maintain capital reserves and avoid liquidity issues or costly penalties for late or failed payment schedules. With access to faster payouts, your business can also benefit from greater flexibility in accessing capital and managing investments. Overall, your business can stand to gain a great deal by utilizing faster payments to optimize cash flow, which can support its continued growth and success.

How do I Set up 海角爆料 Boost payouts for LLCs?

To be eligible to set up 海角爆料 Boost, you must first have a Stripe account connected to your 海角爆料 business checking account. Set up your Stripe account by navigating to the Apps section of your 海角爆料 app (this works on both desktop and mobile). Then, click on the icon for Stripe and press 鈥淐onnect Stripe Integration鈥. After selecting the Stripe account you would like to connect, press 鈥淐onnect鈥.听

To opt in to receive faster payouts from Stripe into your 海角爆料 account, you should see a pop-up that appears, immediately after connecting your Stripe account. Click 鈥淵es, opt in to 海角爆料 Boost鈥. Then click on 鈥淕o to Stripe to set up Payouts鈥. After verifying or updating your 海角爆料 account information, navigate back to your 海角爆料 app and select 鈥淚鈥檝e already set up my payouts on Stripe.听

With that, you should be all set. You can direct any questions to support@novo.co.听

海角爆料 is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A. 海角爆料 Boost and early availability of funds are governed by the program terms and conditions outlined here.

Written by: 海角爆料
海角爆料 is a fintech, not a bank. Banking services provided by Middlesex Federal Savings, F.A. Member FDIC.