Which payment methods does Stripe recommend for professional services?

The recommendation for professional services to utilize cards, bank debits, bank transfers, and real-time payments is grounded in the versatility and efficiency these payment methods provide.

Cards are widely accepted and provide a quick way for clients to pay, enhancing cash flow for businesses. Bank debits offer a reliable way to collect recurring payments, which can be particularly useful for service providers who operate on a subscription or retainer basis. Bank transfers allow for larger transactions to be processed without the fees associated with card payments, making them beneficial for high-value services. Real-time payments introduce the advantage of instant fund availability, allowing professionals to access their revenue immediately.

In contrast, cash payments lack the tracking, security, and convenience that digital methods offer, thus limiting their efficiency for professional services. Payment plans, while potentially beneficial for larger services, may not be as feasible or secure compared to the options present in the correct answer. Wallets and bank transfers alone might not encompass the diverse payment needs of all professional services. PayPal, while popular, does not encompass the full range of options that may be necessary or preferable for varying transaction volumes and types in a professional service context.