5 Benefits To Credit And Debit Card Acceptance

Your business depends on its customers. And the way you should look at it, your customers should be able to depend on you. One of the things you can do to ensure that your customers depend on you is to provide them with top-quality customer service. If you read our last blog, you’ll see that there are many ways in which you can do that. Of course, customers expect quality products as well.

But when it really comes down to it, customers truly appreciate great experiences. When your place of business makes life easy for people who visit it, it’s bound to have those people return again and again. It’s all about convenience. And, as you can imagine, it’s a huge convenience for customers to have payment options. Allowing them to decide how to pay for their purchases usually means that they can purchase more.

Credit card giant, Visa, knows this all too well. On their website, they point out a number of reasons that business owners should accept both credit and debit cards. You’ll notice when taking a look at these reasons that there are benefits to both yourself – the business owner – and your customers. If you aren’t already accepting credit and debit cards at your place of business, you’ll want to read about the following benefits.

Convenience is king. As mentioned earlier, it really is all about convenience. Customers don’t always have cash in their wallets, says Visa, so it’s important that they have another payment option. This makes life easier for both your company and the customer. No more fumbling for change – and that goes for your employee and the shopper. Credit and debit card transactions are quick and easy.

Faster access to your money. As Visa points out, when you process a credit card transaction, your money will be funded to you in just a couple of days. This is a lot quicker than the usual seven day turnaround for standard paper cheques. With this quicker access to cash, you can do more for your business. Renovations, adding inventory and making repairs all become easier.

Preferred by consumers and businesses alike. According to Visa, “over the past 10 years, people\’s use of electronic payments like credit and debit cards has increased by 400%.” That’s a pretty telling statistic! It honestly begs the question, “why wouldn’t you accept credit and debit cards?” If you’re looking to keep your customers happy, you won’t think twice about doing so.

Easier and more reliable than cheques. Are you still accepting cheques? If so, you’re deferring your payments until…potentially never. Cheques bounce, Visa reminds us, and credit cards do not. “Bad cheques totaled more than $33 million dollars per day in 2006,” reads Visa’s website, “Plus, instead of spending time depositing checks at the bank, you can focus on what matters most—building your business.”

Getting started is easy. Whether you wish to upgrade from your current payment provider or you would like to begin accepting credit and debit cards for the first time, call Canadian POS Corporation at 1-877-748-2884. We provide top-notch POS terminals, offer incomparable customer service and the most affordable rates in our industry. Not to mention, we can have you all set up within three days!