Financial Guide for SMEs - SME Corporation Malaysia

Financial Guide for SMEs• Do you have a retail store where your customers walk in and pay for thegoods with their card? You may need an Electronic Funds Transfer at Pointof Sale (EFTPOS) terminal to swipe their cards.• Do you take the majority of your orders over the mail/phone/fax/internet?Do you need an EFTPOS terminal or is there an alternative method ofprocessing?• Do you need a combination of the two options above? Can you have anEFTPOS terminal to swipe the cards of walk-in clients but key-in the detailsof “remote” orders?• Would a mobile EFTPOS/ credit card machine assist with faster payments?• What volume of credit card, cash, or other payment methods are youexpecting?TIPBy introducing merchant facilities, your business would be able to benefi tfrom faster payment, signifi cant reduction in invoice queries and creditcontrol calls and improved cash fl ow105chapter 7-13 p79-181 Eng.indd 1058/15/11 5:02:58 PM