One of the biggest challenge any small business can face is finding the resources, time and money, to compete with the larger, more established enterprises they compete against. One tool that the small business has in its arsenal is the ability to accept credit cards. According to sources in 2014 72{1e9709ef5f3333ae7d8fe6a31af5d3933317716445c13c35f37bf4f9d8e83538} of all American consumers owned at least one credit card. And that number is higher now. There is not a small business in this country that can afford to ignore those numbers. Neither can they afford to ignore the new move to mobile payment systems.
By accepting credit cards the small business can benefit in many ways. Their business become an immediate consumer shopping option for those people who prefer to use their cards instead of cash. Seeing the logos that you have posted in your windows gives the customer the confidence that you offer superior service. This also legitimizes our business and puts you in the league with your larger competitors.
The convenience of accepting credit cards for your customers either dipping or swiping, cuts down on transactions time and lets your customers have more time for themselves. Your business will also benefit. With shorter transaction times, you will have time to work with and sell to more customers. Then at the end of the day, you can send all of your transactions to the crecit card processing system in one batch for settlement.
Security in transactions has been the major part of discussion for the last several years. Several security breaches at companies like Target, Petsmart, and even the IRS have made security for electronic transactions one of the most important topics in todays merchant society. Because of fraud, because of hacking, in October of 2015, the United States merchant processors mandated that EMV or smart chips be required on all credit and debit cards. Also, merchants were also mandated to be able to take these new EMV chip cards.
"Our customer service experience has been wonderful, we always get the best service when we call with any questions."
"I've been with this company over a year, and my rates have always stayed the sames. I haven't had to worry about any fluctuating, and I have been pleased with the no hassel."
