In order to run a successful small business, it’s critical to realize that cash is no longer the most desired payment method. According to a study by TSYS, 75% of consumers list credit or debit cards as their preferred payment method. Without the ability to process credit card payments, your business could be losing thousands of dollars in potential revenue. To help retain and grow your customer base, it’s crucial that your business accepts credit cards.
Consumers are likely to spend more money when they use a credit card, so it’s important to give them a convenient and efficient payment experience. Here’s a simple guide to help you begin accepting credit cards like a pro.
Here are 3 basic ways you can accept credit cards. A processor should be flexible enough to accommodate all of these payment processing needs:
These added features can help your business streamline workflow and secure customer payment data:
Follow these tips to begin securely accepting credit cards like a pro. If you’ve chosen a great payment processor, this process should be simple and convenient and help your small business save time, reduce overall expenses, and increase cash flow.