Despite limited funds (only covering domain and platform fees), can I use customer payments for order fulfillment, or must I invest my funds due to payment holds?
Based on my experience managing small businesses online, relying solely on customer payments for fulfillment can be risky. Payment processors often place holds on funds, which may delay access to necessary capital during peak order times. It is generally advisable to have a reserve amount to cover any potential timing issues between order placement and clear funds. While it might be possible to operate minimally at first using incoming customer payments, investing some funds upfront reduces the risk of disruptions and ensures smoother operations in the long run.
Hey everyone, I’ve been noodling on this concept for a bit now! I think relying solely on customer payments is sort of like walking on a tightrope—there’s that constant balance act between funds coming in and the unforeseen delays due to payment holds. It might just be feasible at the start, but I’m wondering if anyone else has dealt with this scenario? How do you manage those shortfalls when payments take longer than expected? I get that having a reusable pool of funds can really smooth over those logistics hiccups, but are there any creative techniques you’ve employed to deal with this on a shoestring budget? Would love to hear your experiences or any smart hacks you might have come up with!