A simple practice management reminder: accept credit cards

BVWireIssue #93-1
June 9, 2010

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.

Please let us know if you have any comments about this article or enhancements you would like to see.