5 Reasons Why Accepting Cards is Great for Business
BRISTOL, England, March 17, 2014 /PRNewswire/ –
Find out how your business benefits when you start taking payments by credit and debit
Whether you’re new in business or new to card payments, there are many reasons why
introducing a card payment solution is a great way to boost business growth.
We’ve picked out five key factors for you to consider and if you’re not convinced
after reading these, then call us and we’ll happily run through some more benefits.
1. Increase your profit
At the most basic level, perhaps, the biggest attraction of your business accepting
card payments is that it can have a major impact on your primary concern: the bottom line.
For example, accepting credit cards will often double or even triple sales, meaning that
it can help to drive growth and fund further expansion. Academic studies have, in fact,
underlined the point that if your business caters for credit and debit card usage, you can
see your earnings increase substantially overnight.
2. Gain credibility
It’s important to acknowledge, too, that embracing card payments brings other, less
tangible benefits to your business operation.
For example, studies show that displaying credit and debit card logos in store can
help to build a sense of trust between the consumer and the business they are dealing
with. Ask any business owner, and they will tell you that credibility is a crucial factor
in achieving sustainable success.
If you are a small business just starting out, then building a credible, reliable
reputation from the word go is key to your business surviving, and so showing that you are
ready to take cards is a sure fire sign that your customers can trust in your services.
3. Improve cash flow
Still not convinced about taking card payments? Well, consider the fact that accepting
cards has a huge positive effect on business cash flow.
Regardless of whether sales increase or not – and they invariably do – your business
will have the money from the card transactions delivered quickly and securely to your bank
This means that you won’t have to spend time twiddling your thumbs while cheques clear
or sending out invoices. And with less cash and cheques to deposit, your business can
enjoy fewer costly bank fees.
4. Get set-up simply
Contrary to what many business owners think, getting set-up to accept credit cards is
not a long and tedious process; far from it, in fact.
In most cases, the system can be installed in a short timeframe, meaning that any
disruption to your business operation will be absolutely minimal.
However, not all providers offer a rapid set-up, so be sure to check before you sign
up as you could find yourself open for business and without a card machine.
5. Convey convenience
Ever heard business owners say that the customer is always right? Well, applying that
logic to this scenario, you’d be well-advised to recognise the preference of the consumer.
Studies have shown that around 70% of people prefer to pay by card, so give your
customers the convenience of purchasing by card and they’ll spend more money, more often.
Losing customers to a rival because you’re not set-up to take cards is a mistake that
no business can afford to make.
As the UK’s largest Merchant Service Provider, we are experts in card processing. We
help business owners across the country achieve unbeatable rates and excellent service.
We are the only UK provider to offer low rates which are capped for the duration of
your contract. In addition to incredible savings, we provide UK based service 24 hours a
day, 7 days a week. This is why PaymentSense has been named the official card processor of
over 60 UK trade associations.
We process over GBP1.5billion in transactions. Every one of those transactions is made
efficiently and securely. This figure continues to grow with a UK business signing up with
PaymentSense every 7 minutes. That’s more than with any other Merchant Service Provider.
Whether you are looking to accept cards for the first time or are considering
switching providers, we can provide your business with the right solution at the right
For further information please contact: Mr Krzysztof Kawulak Business Development Manager Tel.: 0808-284-9117 http://www.chipandpincards.co.uk email@example.com
SOURCE Chip And Pin Cards