Credit Card Processing Is A Must!

Accepting credit cards in every business is essential to the businesses success. The bottom line is if a business cannot process credit cards then they are losing sales to the competition that can.

Here is a brief list of a few benefits for allowing your business to be able to process credit cards.

MORE SALES: You customers who use credit cards buy 2.5 times more merchandise than customers who pay cash.

IMPULSE BUYING: Give your customers freedom to spend for previously unplanned merchandise.

MOVE EXPENSIVE MERCHANDISE: Your credit card customers are often less conscious of slight price differences, and will seek out the businesses that offer credit rather than the discounter or wholesaler who does not offer credit purchases.

LARGER VOLUME: Offering Credit Cards helps you achieve higher unit sales and extra orders.

STEADIER SALES Offering Credit cards can help smooth out the business 'ups and downs', cash shoppers tend to buy heavier only on paydays and just before holidays; credit customers buy whenever the need arises.

CREDIT CARDS ISSUED: Of around 280 million North Americans, 150 million have Visa, 95 million have Master Card, 40 million have Discover and 25 million have American Express. 80% of all Credit Cards are Visa and Master Card. Click Here for Canadian Credit Card Processing Stats

It does not matter how much it costs for card processing services to be a part of your business.

For example, let's say total costs for a Payment Processing Solution in your business about $60/month.

Let's say the average ticket price in your business is $30 with a profit margin of $10.

Now let's say you make only six sales a month because you offer Visa, Master Card, American Express, and all debit cards. Well, you just broke even for your cost on the Payment Processing Solution.

Now if you make a 7 sales, then you are in profit. The reality is you will make 100's more sales every month due to credit card processing.

It is really your job as a business owner to make it as simple and convenient to your clients & customers to purchase services & products from your business.

Customers assume that all businesses take all methods of payment in today's market place and if they find out that they can not pay the way they feel comfortable in your business the likely hood of them returning is slim.