What is Accounts Receivable?
Accounts receivable (AR) represents the outstanding invoices and money owed to a business by its customers for goods or services that have been delivered but not yet paid for.
Overview
Accounts receivable (AR) represents the outstanding invoices and money owed to a business by its customers for goods or services that have been delivered but not yet paid for.
How It Works
Accounts Receivable is an important concept in modern payment processing. Understanding it helps businesses choose the right payment methods and technologies for their customers.
Relevance to Phone Payments
While accounts receivable may primarily relate to other payment channels, businesses that accept payments across multiple channels — including phone — benefit from understanding how different payment methods complement each other.
Paytia's platform supports businesses across multiple payment channels. For phone payments specifically, Paytia's secure platform complements accounts receivable by covering the voice channel where customers prefer to pay by phone.
Frequently Asked Questions
What is accounts receivable?
Accounts receivable (AR) represents the outstanding invoices and money owed to a business by its customers for goods or services that have been delivered but not yet paid for.
How does accounts receivable work with phone payments?
While accounts receivable primarily operates in other channels, businesses that also take phone payments can use Paytia to cover the voice channel securely.
Is accounts receivable PCI DSS compliant?
Any payment method that handles card data must comply with PCI DSS. The specific requirements depend on how the data is captured, transmitted, and stored.
Related Terms
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