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Credit Cards
_In both the brick and mortar world and online, a small business can fail just because it doesn't accept credit cards.
A business needs to cater to the needs of its customers.
Only those businesses that do will survive and thrive.
Making purchases easy is the name of the game.
A business that accepts credit cards gives its customers a choice in how they will pay for their purchase. Credit cards are convenient and a very accessible method of payment. Every major retailer will accept credit cards because they know how popular and easy to use they are.
With credit cards, a customer doesn't have to have the cash on hand or even in a bank account, as they would if they used a debit card. With debit cards, most banks limit the number of transactions you can make without paying use charges. Credit cards don't have these limits.
As a result, credit cards have become a primary method of payment for many people - businesses that don't accept credit cards lose these valuable customers.
If you run a small business but think the ability to accept credit cards is beyond your reach, think again. Obtaining a merchant account, regardless of the size of your business, is easier than you realize and you can offer payment method alternatives to your customers with the ability to accept credit cards.
To begin with, take a jog down to your local bank and meet with a financial advisor to discuss how your business can get a merchant account and make credit cards a payment option.
Your advisor will explain that to be able to accept credit cards there is a paperwork process and some costs involved. He or she will tell you what those are and get you started.
But any extra paperwork and expenses involved in offering credit card payments to customers will be minor compared to the increased amount of sales that will come by making these payments available.
For an online business, it is even more critical to accept credit cards because the customer can't just take out his wallet and hand you cash.
The customer wants to walk away with his or her purchase, not wait for a check or money order to reach your account and clear before you ship what they've ordered. Most online shoppers are accustomed to using their credit cards to make immediate purchases and get their merchandise as quickly and effortlessly as possible.
To give your business the best opportunity to thrive, it needs the ability to accept credit cards.
Customers will appreciate the convenience and your sales will go through the roof!
A business needs to cater to the needs of its customers.
Only those businesses that do will survive and thrive.
Making purchases easy is the name of the game.
A business that accepts credit cards gives its customers a choice in how they will pay for their purchase. Credit cards are convenient and a very accessible method of payment. Every major retailer will accept credit cards because they know how popular and easy to use they are.
With credit cards, a customer doesn't have to have the cash on hand or even in a bank account, as they would if they used a debit card. With debit cards, most banks limit the number of transactions you can make without paying use charges. Credit cards don't have these limits.
As a result, credit cards have become a primary method of payment for many people - businesses that don't accept credit cards lose these valuable customers.
If you run a small business but think the ability to accept credit cards is beyond your reach, think again. Obtaining a merchant account, regardless of the size of your business, is easier than you realize and you can offer payment method alternatives to your customers with the ability to accept credit cards.
To begin with, take a jog down to your local bank and meet with a financial advisor to discuss how your business can get a merchant account and make credit cards a payment option.
Your advisor will explain that to be able to accept credit cards there is a paperwork process and some costs involved. He or she will tell you what those are and get you started.
But any extra paperwork and expenses involved in offering credit card payments to customers will be minor compared to the increased amount of sales that will come by making these payments available.
For an online business, it is even more critical to accept credit cards because the customer can't just take out his wallet and hand you cash.
The customer wants to walk away with his or her purchase, not wait for a check or money order to reach your account and clear before you ship what they've ordered. Most online shoppers are accustomed to using their credit cards to make immediate purchases and get their merchandise as quickly and effortlessly as possible.
To give your business the best opportunity to thrive, it needs the ability to accept credit cards.
Customers will appreciate the convenience and your sales will go through the roof!