Accepting Credit Cards

When starting a business, most entrepreneurs want to keep costs as low as possible. Frugality is important at any point of a business because lowering costs will raise your profits, but it’s particularly important at the start, because startups may not have the capital to spare. The most important part of any business, aside from…

These days, credit cards are the preferred mode of payment for a typical customer. It’s easier for them because it’s quick and convenient, with fewer visits to the ATM, no dealing with bills or change, and no checks to write. From a business perspective, you might think your company is too small for credit cards.…

The term “small business” covers a lot of territory, from independent beauty consultants to home-based businesses to operations with 20-30 employees. Most small businesses don’t think twice before accepting credit card payments, but many micro-businesses might. A micro-business is generally an independent operation and is something that can even start as a side project while…

Are you losing out because you don’t accept credit cards?  If you don’t accept them, then the short answer is yes—though not necessarily in the ways you might think. If three-quarters of your customers would rather pay by card, you’re likely to lose a good proportion of those sales. If your product or service is…

A point of sale, also known as “POS,” is the place where your customer pays for the goods or the services he purchased from your company. A POS system is what is used so that the customer can make a payment. Basically, a point of sale system will use both POS hardware, and possibly POS…

Owning a small business can be a very satisfying venture. Sometimes it gets comfortable because your scale is lower. You can maintain profitability while staying within your limits, and this can dissuade you from expansion. Any ventures that would broaden your scope can seem like unwarranted expenses, especially because you’re not sure how soon they’ll…

The first and foremost reason that accepting credit cards will increase your sales is because that is what your customer want. And that is not just your existing customers; there are loads of prospective customers out there that you don’t know about. They are the people who want what you sell but get put off…

Statistics suggest credit cards increase sales as much as 500%. Here are some more specific benefits of letting your customers swipe. Reaching online customers The bulk of web-based customers pay by credit card, so if you don’t accept them, you may be locking out 90% or more of your online customers. They can mail in…