Here are even more reasons you may want to get merchant credit card account. A major study has shown that when a business has a credit card system in place that store should experience a significant increase in sales even within the very first week. Over ninety percent of purchasing is processed with a credit card. So often these days' consumers just do not carry cash or very little. Think of your own every day purchasing. You may not buy something if you cannot pay with your credit or debit card, right? Also consumers understand that what they buy is protected when they pay using a credit card. Ultimately, every business is losing money if they do not take plastic, no question.
There are even more benefits because a business does not have to wait for checks to clear or worry about having to invoice a customer because credit or debit cards are paid out almost immediately into that merchant account. Also remember that a customer will do more impulse buying when they are able to pay with plastic for purchases. Research says that consumers buy twice as much when they can hand over their credit card. Think about it. Don't you?
In addition, when you advertise with Visa and MasterCard logos it will legitimize your business creating a sense of trust and consumers buy for this reason as well. Plus, you better bet that your competition is utilizing a system to process credit cards and you should too.
A merchant account is inexpensive for even small business considering the increase in revenue will outweigh the rates and fees involved. The set up is usually pretty quick and easy. If the business follows the policies and procedures and quickly responds with the necessary feedback and paperwork this process can go by smoothly and you will be up and running sooner than you thought possible. The biggest result is that you are going to make more money. That is why you are in business.
Before you make a merchant account decision, make sure you check MadRICH's excellent free dictionary on credit card processing
