31, Jan 2013
Businesses Should Accept Credit Cards
Business prosperity can only be enhanced with the ability to accept credit cards. Consumers rely heavily on the use of credit cards to avoid the burden of carrying cash. Customers tend to avoid carrying cash while traveling. A business can miss out on a large part of the market without accepting any type of credit card including ATM cards. Business owners have a misperception that accepting credit cards is complex and costly. In reality, owners are missing out on some great income with only minimal fees attached to having a merchant account.
There are many opportunities for a business to find a merchant account provider to accept credit cards. Many banks have merchant accounts as part of their services. Smaller banks might recommend or outsource your business to a trusted provider. Another way is through independent sales organizations. These organizations have salespeople that call or personally visit a business to pitch an opportunity to open a merchant account with their company. The final way to obtain a merchant account to accept credit cards is through the Internet. Many companies provide the ability to sign up for an account online. Some companies are able to have companies ready to accept credit cards within minutes.
There is no reason that a business should not be accepting credit cards in the market today. Credit cards are actually the preferred method of payment for most consumers. Business owners often suffer from the myth that accepting credit cards will come with exorbitant fees. The fact remains that accepting credit cards can lead to a 40% to 400% increase in sales. Business owners just need to take the time to find the right merchant account provider that fits their needs with reasonable fees. The use of checks has become outdated and consumers carry very little, if any, cash. Accepting credit cards can only help with the growth of a business.