How normal is it for Americans?

[AccKing]

I'd like to provide services for US businesses. I'd like to offer them my services for something between $50-$99.

My question: is it normal to ask them to pay it through bank transfer? I have a Wise account to receive those local payments.

I know that most individuals pay using CashApp, PayPal, etc...but in a B2B transaction, I'm not sure if it's okay or strange to use this payment method.

 

[IM Dude]

Not normal at all. Credit card and PayPal is the way to go. You must find ways to accept credit card and paypal.

 

[code API]

If it's a large transaction, Wise and Crypto are perfect. Don't use PayPal. They will ruin your business most likely.

The only scenario that makes sense to use PayPal and credit card is SaaS.

 

[Juhku]

Bank transfers for low ticket sales are usually a no-go.

Too much hassle and time investment for something that cheap. $50-99 falls in the price range for a lot of impulse buying.

If your target group has a lot of impulse buyers, you want to make the barrier to purchase as low as possible.
In other words, don’t do bank transfers only/primarily.
Your customers will more likely do CC payments. Make sure you choose a payment gateway that also supports Apple Pay and Google Wallet, especially if your clientele has a lot of young adults.

 

[AccKing]

Bank transfers for low ticket sales are usually a no-go.

Too much hassle and time investment for something that cheap. $50-99 falls in the price range for a lot of impulse buying.

If your target group has a lot of impulse buyers, you want to make the barrier to purchase as low as possible.
In other words, don’t do bank transfers only/primarily.
Your customers will more likely do CC payments. Make sure you choose a payment gateway that also supports Apple Pay and Google Wallet, especially if your clientele has a lot of young adults.

How much would be the minimum price to start receiving bank transfers as my main payment method?

 

[MIKENCO AGENCY]

i find paypal card is a very good thing you can use it

 

[Juhku]

How much would be the minimum price to start receiving bank transfers as my main payment method?

Depends a lot on the type of clientele you have, but I’d say a few thousands at a minimum.

Even 5k € goes easily with CCs for most people I do business with.

 

[SilverClouds]

Not normal at all. Credit card and PayPal is the way to go. You must find ways to accept credit card and paypal.

If it's a large transaction, Wise and Crypto are perfect. Don't use PayPal. They will ruin your business most likely.

The only scenario that makes sense to use PayPal and credit card is SaaS.

Yep, they'll fuck you if you use cc. Yep, americans prefer to pay by cc/paypal.

 

[Salamouna]

Yes that's normal
I have many costumers from there paying by bank transfer

 

[IM Dude]

Yep, they'll fuck you if you use cc. Yep, americans prefer to pay by cc/paypal.

Imagine someone asking you for your paypal to pay and you say i dont have it.
Then he/she asks you on lemme pay by credit card, and you say i dont have it.
He/she will start thinking about you and stop thinking about the stuff you are selling.
Hmm...

 

[SilverClouds]

Yes that's normal
I have many costumers from there paying by bank transfer

Oh, really??

Imagine someone asking you for your paypal to pay and you say i dont have it.
Then he/she asks you on lemme pay by credit card, and you say i dont have it.
He/she will start thinking about you and stop thinking about the stuff you are selling.
Hmm...

It's normal to pay by bank transfer even for b2c / ecommerce / etc transactions in my country (Poland) as I'm sure is in many other countries. It's just that apparently americans aren't as rich as they are made to be... They just have good access to credit, that's a different thing. I seriously think at this point most of them just don't have as much money on hand as europeans but they have bigger amounts on credit cards, that's why they get pissed when you don't want to accept their ccs. Just thinking out loud, might be wrong, @Salamouna apparently has US clients wiring him money (finally some people with actual money, not just huge loans lol).

 

[AccKing]

Mixed opinions so far
Appreciate your comments

 

[roydan]

I sell to US businesses and we usually use wire, but my service is more expansive than that so it might be the reason.
If I has a low ticker service, I'd use PayPal or credit card, Payoneer or other more convenient ways to pay.
People don't want to work too hard for $50, and I don't blame them.