Which payment method can accelerate cash flow?

The payment method that can accelerate cash flow is BIP transactions, which stands for Business Instant Payments. This method allows for real-time or near-real-time payment processing, enabling businesses to receive funds immediately after a transaction is completed. The immediacy of BIP transactions directly contributes to improved cash flow management, as companies can access funds without significant delay, allowing them to reinvest in operations or cover expenses more promptly.

Other payment methods, while common, do not provide the same level of immediacy. Open accounts may involve extended payment terms that can prolong cash flow. Letters of credit provide security in international trade but can also introduce delays in payment processing. Installment payments often spread the payment over time, which can restrict immediate access to funds. Thus, BIP transactions stand out as the most effective option for accelerating cash flow.