Top 10 Benefits of Accepting Credit Cards in 2019
Accepting credit cards can be a game changer for your business. Here are our Top 10 favorite reasons why:
1. Accepting credit cards will often boost your current sales
Studies show that when businesses go from cash only to accepting credit cards, they see a corresponding increase in volume almost immediately.
2. It will legitimize your business
When you display credit card logos like VISA or Mastercard in your window or on your website as an accepted form of payment, they create a sense of familiarity and trust in potential customers’ minds. When a customer trusts you, they’ll do business with you.
3. Accepting credit cards can improve cash flow
Besides increased sales, your business will benefit by having the proceeds from payment card transactions deposited quickly in your bank account. No more waiting for checks to clear, or sending out time consuming invoices and waiting for payment.
4. Over 90% of online purchases are made using credit cards
If you are selling ANYTHING on the web and you are not accepting credit cards, you are eliminating the vast majority of potential buyers.
5. Credit cards grab impulse buyers
Cardholders tend to be more affluent, buy more on impulse and make larger purchases because they’re not limited to spending just the cash in their wallet.
Let your customers decide the most convenient way to buy from you. Besides the convenience factor, many customers want to use their credit cards to earn rewards associated with them, including airline miles, points towards merchandise and cash back. Cardholders are more likely to buy from a business that accepts credit cards than one that’s cash only. Don’t lose a customer to a competitor just because you don’t accept credit cards.
7. Cardholders generally spend more
The average order of someone paying with plastic tends to be larger than someone paying with cash or a check. Larger orders mean more profit potential for you.
Look around — your competition is already accepting credit cards. You need to accept cards to compete and survive.
9. A merchant account is relatively inexpensive, considering what it delivers
Credit card processing is a competitive industry, so even the smallest mom-and-pop outfit can find the right deal for accepting credit cards. The increase in sales that a business realizes when they start accepting credit cards will typically more than make up for their processing fees, so they come out ahead.
10. Quick and easy setup
Many business owners think getting set up with a merchant account and services to accept credit cards is a long and tedious process. Not with Motus Financial! We can have you up and running quickly so your business can operate seamlessly.
Motus Financial, located in Sun Prairie, WI provides Point-of-Sale (POS) technology solutions and credit card processing services. Locally owned and operated Motus Financial provides a complete suite of POS technology services to assist merchants in processing payment from credit cards, debit cards, and checks. Motus financial can also provide check processing as well as a customized gift card program for your business.
For more information, please contact us at 608-819-8666 or check out our website at www.motuscc.com and we look forward to assisting you.