Do you run a business, but you don’t yet accept credit and debit cards in your store? If you haven’t made the move to taking “plastic” yet, it may be time for a change. When businesses accept credit cards, they use credit card payment processing companies to transfer the funds from the customer’s account to the company’s bank. Typically, there are fees associated with payment processing companies, and depending on the type of payment, these can differ. However, there are virtually no major drawbacks to accepting credit cards as a form of payment for most businesses.
Want to know how else accepting credit cards can help your company? Here are some advantages to using a payment processing company:
1. You won’t have to turn customers away from your business because you only accept cash and checks. Face it: customers don’t like the inconvenience of having to write a check or go find an ATM. Your brick and mortar location will keep customers in the store by allowing them to use their credit and debit cards at your location. With that added convenience, you’re more likely to draw in customers, as well.
2. Your business can expand online, too. By accepting cards in person, you can also choose from the payment processing companies available to you to find one that will take payments online as well. Having an online store gives you the increased ability to serve customers around the country and the globe. Check out which companies offer international payment processing at low rates, too.
3. Your business can receive protection from fraud, too. Many business owners put off accepting credit cards because of the risk for fraudulent transactions. However, many payment processors will protect you from these charges and can provide other related services, also.
Have questions about choosing a payment processing company? Be sure to contact one today. You can also leave comments or suggestions below about your experience with credit card payment processing for your business.