Possibly, if you make it hard for people to buy from you because you are limiting their payment options.
Here’s 2 ways you may be limiting your options for your clients.
Only offering one payment method
Do you offer only one way of accepting payments, such as cash or credit card only?
Some people may find that restrictive.
For example, for our personal budget, my family uses a cash-based envelope system so most of our purchases are done by use of cash. However, for things such as giving to charities, we strictly pay using checks. That way we have a paper trail for proof of donations.
Only offering one payment type
Do you offer multiple ways that people can purchase your services, such as payment plans or bartering?
If your services or packages are higher cost, breaking it down into payment plans might make it easier for people to buy from you.
Yes, you can still make sure they’ve paid in full before they work with you or receive your products. Just the simple fact that they can pay in increments, may make the purchase easier on their budget.
Bartering, either in part or full, can make it more likely that the prospect will convert to a client.
Your assignment: Review your payment options to see if you are leaving anyone out. Expand on them if necessary. Don’t forget to let people know of your new options! It might bring you some increased sales once people know about them.