Visa and MasterCard have made important changes to merchant acceptance as part of a proposed settlement for merchants located in the U.S. and U.S. territories. For more information click here.
Card acceptance…. a smart choice!
Nearly $40 of every $100 spent worldwide is with a card; and each year, card use continues to grow. Whether you're a new business or an established enterprise, card acceptance will have a big impact on your bottom line. With this kind of purchasing power nearly every business that wants to succeed needs to accept cards.
Accepting cards offers the following benefits for your business:
- Increased Sales - Not only will you have more sales by taking cards, multiple studies have proven that consumers spend more on cards than they would with cash or checks.
- Improved cash flow - Funds are electronically deposited into your designated deposit account and are available for you to use typically within 24 to 48 hours.
- Increased Customer Satisfaction - Customers will appreciate that they have choices in how they pay. This appreciation will result in improved customer loyalty.
- Improved Operational Efficiency - Accepting cards today is quick and easy. This will result in shorter check out times, as well as reduce the time it takes to manage and reconcile your payments.