9 Great Reasons To Accept Credit Card Payments

View Full Video HERE

1.  Accepting credit cards almost instantly increase your sales.

Many studies have proven, including one completed by the accounting firm PriceWaterhouseCoopers, that businesses whom accept credit cards can expect a large increase in sales volume by up to 3 times!

2.  Accepting Credit Cards will create trust in your business.

Studies also show that when consumers see credit card logos indicating that your business accepts credit cards as forms of payment they feel a sense of ‘trust’ in your business and tend to buy and spend more.

3.  A merchant account improves cash flow.

Another great reason to get a merchant services account is that accepting cards has a huge positive effect on business cash flow. Most businesses will not only see an increase in sales but enjoy the fact that the money is deposited automatically into their accounts. You won’t have to wait for checks to clear or worry about bounced check fees.  No more billing or invoicing and waiting for payments, hopefully!

4. Creates impulsive purchases.

Consumers who pay with their credit cards not only buy more on impulse, but tend to spend more as a matter of fact credit card purchases are 2.5 times greater than cash purchases.

5. Over 93% of Internet purchases are done using credit cards.

Online credit card merchant account are simple to install and maintain.  Drop the expensive and clumsy PayPal addiction and get a safe and secure merchant services account.  You will save money and increase your sales!

6. Stay ahead of the Curve.

It is an every changing market place and chances are that your competition accepts credit cards. In order to stay competitive your business needs to offer its consumers the same convenience and security.

7. Make it convenient.

Let your customer decide the most convenient way to buy from you. Most consumer prefer to use credit cards because of rewards associated with their credit card. Don’t lose sales to a competitor just because you don’t accept credit cards.

8. Merchant Credit Card Accounts are Cheap!

The days of high rates and hidden fees are gone. Competition in the credit card processing industry has driven rates down and disclosure up!  Many business owners resist accepting credit cards because of the processing fees. The fact is, by accepting credit cards your business stands make more money than you pay in fees because consumers not only tend to spend more but spend more frequently. Only a few extra dollars in sales per month will more than pay for your merchant service credit card account.  As a result, by accepting credit cards many businesses make more money!

9. Quick and easy setup.

Many businesses think getting setup to accept credit cards is a long and tedious process. Not the case these days, the Merchant Doctor, will have you up and running within 24 – 48 hours!

The Merchant Doctor appreciates your participation please leave your questions or comments below!

Views: 12

Tags: Card, Credit, Interchange, Merchant, PCI, Processing, Rates, Services

Comment

You need to be a member of FohBoh to add comments!

Join FohBoh

Advertisments

 

DEPARTMENTS

Social Wine Club for Craft Wineries

Smartbrief

Chains make chicken the star of the menu

High beef and pork prices are making chicken the go-to meat more than ever, boosting wholesale prices for producers and spurr -More

Americans continue to eat less fish

The average American is consuming only 14.4 pounds of fish per year, down from the record high of 16.6 pounds in 2004, Ben Di -More

JOBS & CAREERS

Posting a job or finding a job starts here at FohBoh. Call us about special $25 posting packages to syndicate across all major jobs boards.

National News

Rita's Italian Ice Awards Area Development Agreement for Kansas

Rita's Italian Ice has awarded franchise and area development agreements for Kansas and the Kansas City area, which extends to the Missouri side of the city, to franchisees and local residents Jay Miller, Jeff Miller and Pat Reilly.

Restaurant Sales Bounced Back in March

Restaurant sales posted a solid gain in March, and bounced back completely from the recent soft patch. Eating and drinking place sales totaled $47.3 billion on a seasonally-adjusted basis in March, up 1.1 percent from February's upward-revised sales volume of $46.8 billion, according to preliminary figures from the U.S. Census Bureau.

McAlister's Deli Signs Franchise Agreement to Expand to Cleveland

McAlister's Deli announced it has signed a development agreement with an experienced multi-unit operator to develop three restaurants in the Cleveland, Ohio, area - the brand's first locations in the market.

Restaurant Trends - Growing And Emerging Concepts - Change and Activity April 16, 2014

Update from Restaurantchains.net on growing and emerging restaurant concepts

Popeyes Louisiana Kitchen, Inc. Announces CFO Departure in May

The company has commenced a search for Mr. Hope’s successor, reviewing both internal and external candidates. Mr. Hope will assist in the transition of duties to an interim CFO and will remain a consultant to the company through the summer.

CROWD FUNDING

If you are looking for capital to start or grow your restaurant, create the next 501c3, develop and launch the next app for the restaurant industry,or want to help your peers in some meaningful way, we want to know about it.

TED TALKS VIDEO

TED: Norman Spack: How I help transgender teens become who they want to be - Norman Spack (2013)

Puberty is an awkward time for just about everybody, but for transgender teens it can be a nightmare, as they grow overnight into bodies they aren't comfortable with. In a heartfelt talk, endocrinologist Norman Spack tells a personal story of how he became one of the few doctors in the US to treat minors with hormone replacement therapy. By staving off the effects of puberty, Spack gives trans teens the time they need. (Filmed at TEDxBeaconStreet.)

TED: Jennifer Senior: For parents, happiness is a very high bar - Jennifer Senior (2014)

The parenting section of the bookstore is overwhelming—it's "a giant, candy-colored monument to our collective panic," as writer Jennifer Senior puts it. Why is parenthood filled with so much anxiety? Because the goal of modern, middle-class parents—to raise happy children—is so elusive. In this honest talk, she offers some kinder and more achievable aims.

TED: David Brooks: Should you live for your résumé ... or your eulogy? - David Brooks (2014)

Within each of us are two selves, suggests David Brooks in this meditative short talk: the self who craves success, who builds a résumé, and the self who seeks connection, community, love -- the values that make for a great eulogy. (Joseph Soloveitchik has called these selves "Adam I" and "Adam II.") Brooks asks: Can we balance these two selves?

TED: David Sengeh: The sore problem of prosthetic limbs - David Sengeh (2014)

What drove David Sengeh to create a more comfortable prosthetic limb? He grew up in Sierra Leone, and too many of the people he loves are missing limbs after the brutal civil war there. When he noticed that people who had prosthetics weren’t actually wearing them, the TED Fellow set out to discover why — and to solve the problem with his team from the MIT Media Lab.

© 2014   Created by FohBoh.

Badges  |  Report an Issue  |  Terms of Service