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 a few key factors for your to consider and if you’re not convinced after reading these, then call us and we’ll happily run through some more benefits.
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.
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 account. 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.
It’s important to acknowledge, too, that embracing card payments brings other, less tangible benefits to your business operation. 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.
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.
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