BVR’s most recent Business Valuation Firm Economics and Best Practices Survey suggested that over half of BV firms accept credit cards as a way to accelerate cash collection and reduce billing disputes or writeoffs. Ron Seigneur, who was speaking at the NACVA/IBA Conference in Miami last week, advised all BV firms to “go down to Wells Fargo or whatever bank they use and sign up for merchant services.” Ron is a founder of Y&S Advisory Services, which helps appraisers and lawyers with quality control, report review, training, and other practice development initiatives.
PS: BVR will update its biennial Firm Economics Survey later this summer. If you’d like to participate (and receive the participant’s discount), send us an email.
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