Why Accept Credit Cards?

Accepting credit cards is one of the most effective actions you can take to make your business more competitive and improve your bottom line. Millions of cards carried in the U.S. by people who take their cards whereever they go - to the mall, on vacation, to the post office, out to eat, to the dentist and surfing the Internet. These consumers enjoy the convenience, the flexibility and the security credit cards cards offer. More consumers are happy to use their credit cards for a much broader range of products and services, including health care services, groceries, tuition payments, and movie tickets.

According to credit card industry experts, a business can expect to increase its sales between 10 and 50 percent. Particularly with mail-order and internet businesses, sales will go up much higher when accepting credit cards.

Moreover, instead of having to wait 30, 60 or even 90 days for invoices to be paid, credit cards allow funds to be transferred to your bank account in less than a week. This can be a welcome relief for businesses that experience a tight cash flow.

Top Reasons for Accepting Credit Cards

• Increased Sales
  Customers paying by credit card buy 2.5 times more than if paying by check or cash. They buy products when they want them, resulting in more impulse buys.
  
  
• Faster Payment
  With credit card transactions, you receive payment within 2-3 days, improving your cash flow. This may significantly reduce your payment lag, especially if customers you are currently invoicing pay by credit card.
  
  
• Improved Customer Service
  Order and payment procedure is more convenient and flexible for customers. Credit card payment plans make larger purchases easier on customers.
  
  
• Fewer Processing Problems
  Credit cards save time by automating the sales process for you.
  
  
• Increased Business Credibility
  Accepting credit cards makes your business appear more credible to your customers.
  

 

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