If you have a business, you are most likely asking yourself if you should accept credit cards. Well the bottom line is that if you have a business today, you will need to accept credit cards. While several years ago, cash and checks were the popular forms of payment, credit cards are so much more convenient nowadays.
The most important reasons to accept credit cards is the increase your sales, faster checkout, more convenient and cheaper than cash.
First you can increase your sales. Statistics show that people who use credit cards instead of cash or checks are likely to make a large purchase. For business owners, taking credit cards as payment gets customers through the checkout line quickly and efficiently. Swiping a credit card takes mere seconds. Taking cash takes a bit more time as does waiting for the customer to write out their check.
Accepting credit cards is more convenient especially with online businesses. Customers no longer want to wait for an online purchase that they made until their check clears. The ability to charge a credit card is secure, fast and very convenient. Taking credit cards on a merchant account is cheaper than cash. Because credit card orders are larger purchases than other forms of payment, the increase in revenue pretty much pays for the costs that you incur for accepting credit cards.
These are the main reason that your business should accept credit card payments. With other forms of payment going on the wayside, credit cards are definitely the future.