Runing a business today goes far beyond managing products, staff, and customers. At the centre of it all is money, how it flows in, how it goes out, and how securely it’s managed.
Yet many businesses still operate with outdated assumptions about payments. These “money myths” don’t just hold merchants back, they quietly drain time, erode trust, and cost real revenue.
If you’re serious about scaling in today’s digital economy, here are five myths you need to leave behind.
Myth 1: “Bank transfers are the most reliable way to collect payments.”
For years, merchants have leaned on manual bank transfers. They feel familiar, maybe even safe.
Clients mistype account numbers. They may send money to the wrong beneficiary. Screenshots get faked or recycled. Reconciling who paid what can take hours, if not days.
The truth is, manual bank transfers expose your business to errors, fraud, and delays. Modern alternatives like payment links and QR codes eliminate these risks, giving you instant confirmation, secure transfers, and peace of mind.
Myth 2: “High transaction fees are just the cost of doing business.”
For too long, merchants have accepted that digital payments must come with hefty fees. But those extra percentages add up, eating into profits, reducing margins, and limiting growth.
Woven is built differently. We keep fees competitive, ensuring more of what you earn stays in your account. Because scaling isn’t only about increasing sales, it’s about holding onto the value you’ve already created.
Myth 3: “Reconciliation has to be manual.”
If you’re still spending hours matching payments against records, you’re losing valuable time and exposing your business to human error.
With Woven’s virtual accounts and automated reconciliation, every payment is automatically tracked, matched, and recorded in real time. That means no more spreadsheet marathons, fewer disputes with customers, finance teams free to focus on growth, not guesswork.
Reconciliation doesn’t have to be a burden. It can, and should be automatic.
Myth 4: “Bulk payouts will always be stressful.”
Ask any finance team about payday or supplier settlements, and you’ll hear the same stories: stress, errors, and endless back-and-forth. But bulk payouts don’t have to break your process.
With Woven, you upload one file, click send, and watch hundreds of payments land where they should, with full visibility, accuracy, and control.
Scaling payouts is no longer a nightmare; it’s a one-click reality.
Myth 5: “Customer support is only needed when things go wrong.”
Too many businesses settle for payment systems that only respond after problems pile up. But in high-stakes financial operations, support isn’t a luxury, it’s critical infrastructure.
Woven offers 24/7 proactive customer support. Our team is available around the clock to prevent issues, resolve anomalies, and back your business every step of the way. Because support should be a partner, not a last resort.
The way you handle money directly shapes the way your business grows. Holding on to outdated beliefs keeps merchants stuck in inefficiency, manual processes, and unnecessary costs.
Unlearning these myths unlocks a different reality: one where payments are faster, safer, and smarter, allowing you to scale with confidence.
That’s exactly why we built Woven: so that payments just work. And when payments work, you can focus on what matters most; building relationships, delivering value, and growing your business.
Discover how Woven helps businesses scale with smarter payments