5 Fabulous Benefits For Retailers Accepting Plastic

At Canadian POS Corporation, we provide business owners all over Canada with the opportunity to accept Visa, MasterCard and Interac as methods of payment. We supply top-of-the-line POS terminals while offering the most affordable rates in our industry. Those rates, however, are often what will scare certain business owners away from accepting plastic.

Not our rates specifically, mind you, but the idea of paying rates in general makes some owners feel as if they’ll be losing money when making their sales. Statistics show, however, that regardless of the rates being paid, the acceptance of credit cards is bound to increase sales. So isn’t it a win-win situation to accept credit and debit and not pay high rates? At Canadian POS Corporation, we make that so!

Of course, you don’t have to just take our word for it. The benefits of accepting credit cards are widely recognized all over the internet. This is why the Canadian POS Corporation Blog goes to great lengths to research the various pieces of information that are out there. For example, the Canadian Bankers Association reports that there are many benefits for retailers who accept plastic.

Fast, guaranteed payment. The acceptance of plastic greatly reduces the line-ups at checkouts, says the CBA. The website notes that “if every credit card transaction took an extra 30 seconds, it would use up an additional 27 million hours of staff time each year.” In other words, the swiping of cards helps for your customers to pay for their purchases faster. This means more customers making more purchases.

Less worry about receipt of payment. When you accept credit cards, you don’t need to worry about the creditworthiness of customers, their insufficient funds or their outstanding receivables. Within days you will receive the payment for the purchase directly into your account. The customer’s ability to pay off his or her balance is his or her own business.

Reduced cash on hand. When you don’t have to carry as much cash in your store as you once did, you will spend a lot less time counting it and ensuring that your books are correct. You also won’t have to worry so much about armoured transport or the likelihood of theft, notes the CBA. In addition, cashiers are given the peace of mind in knowing that cash counting mistakes are much less likely.

Increased sales. It doesn’t matter what list of benefits we research online, each one of them include the fact that accepting plastic means that you will be making more sales. When you accept Visa, MasterCard and Interac, you are giving your customers a variety of payment options that will make their lives easier. The more ways that they can pay allow for more reasons for them to buy from you.

Expanded markets. With a POS terminal, you never have to concern yourself with whether or not your customer has the right currency. No matter what country your customers are from, their credit cards mean the same thing to you. Do your business the favour of accepting credit and debit cards today! Contact Canadian POS Corporation at 1-877-748-2884.