Collections

For business, nothing is more exciting than growing sales! Ironically though, nothing could be more frustrating than waiting around for the money to come!

Do you experience the following business collection activities?

I receive cash as well as cheques...
To minimise delay, all cheques and cash should be deposited on the day of receipt. If the amount involved or the number of cheques is substantial, HSBC's Bulk Cash Delivery or Document Delivery Service can minimise the effort and risks involved in transportation.

My customers in Sri Lanka don't mind paying me quickly...
Then you should ask your customers to pay you electronically, especially when the amount is large. From your perspective, a transfer between HSBC accounts which is real time and a interbank payment are both final and irrevocable. That is, the funds are cleared and available as soon as your account is credited.

I have overseas customers...
If your business receives sales proceeds from overseas, a telegraphic transfer is the best possible way to get it. A telegraphic transfer is real-time, final and irrevocable. If currency exchange is involved, make sure you visit our FX Services to seek advice on minimising your business's exchange risks.

I am in the retail business where my customers pay via credit cards...
If your business has retail outlets selling to personal customers, credit card is obviously a popular payment method. Our Merchant Card Acquiring Service provides your business with one-stop service and support in handling credit card settlement.

My business sells online...
As a merchant that sells via the Internet, you require an online payment processing solution that is secure and easy to use. HSBC's Internet Payment Gateway Service offers merchants a tailor-made and secure package that enables credit card acceptance and processing over the Internet.