Not accepting credit cards

Not Accepting Credit Cards???

There are a lot of reasons why business owners often hesitate when it comes to setting up a merchant account, so they can begin accepting credit card payments. One of the most common  is the amount of fees that they will have to pay. The fees will be more than worth it in the end, when you see what the payoff is, and would not be, without accepting all major credit cards.

Credit cards are very important in todays businesses. In order to beat the ever growing competition you will be forced to accept credit card purchases or run the risk of loosing potential returning customers. It is important to your customers to have the extra convienience of using their credit cards when ever possible. If they cannot get what they need in your store, they will surely go to someone else’s store or shopping center to buy what they want. Why not give them other options for making their purchases?You want them to be happy to pop in and make a purchase at your store instead of some other store getting the sales that you could have gotten but, you missed out on all because you don’t accept all major credit cards payments.

In order to succeed in todays economy, it is very important for business owners to cater to their customers needs. Businesses that do not accept credit cards can lose more than 40% of their potential sales to their competitors that do accept all major credit cards.If you begin accepting credit cards, you will have a better chance of attracting more impulse buyers and those buyers need to be able to whip out their cards and make those last minute purchases.

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