Eight Reasons Why Accepting Credit Cards Will Raise
Sales and Profits
Whether you own a
retail, internet, home-based, or any other type of business, you will never
realize your full sales potential if you don't accept credit cards and other
electronic payment methods.
If you don't accept
credit cards, your business will suffer tremendously. It's been proven time and
time again that you will lose well over 85% of your internet customers alone!
A Merchant Account lets you to accept all major credit cards, ATM/debit cards,
and also secure internet transactions. A good merchant account should offer,
liberal approval criteria, rapid response, easy payment options, fast
installation and 24-hour customer service.
1.
MORE SALES
Studies
have shown that having a merchant account for your business may increase sales
by as much as 50% or more. If your business sells through your web site, then
that figure jumps to 85% or more. Many direct marketing businesses produce 90 to
100% of their sales by credit card.
2.
BIGGER SALES
The
average credit card user spends 2.5 times as much as cash buyers. Credit cards
are extremely convenient for customers to use, especially when making
impulse purchases .
3.
CASH FLOW
When
clients pay you with credit cards or ATM cards, you'll receive your money faster
than if you had to wait for them to send a check or money order. You won't need
to make as many trips to the bank because everything is deposited
electronically. There is way less paper work and no worries about bounced
checks.
4.
IMPULSE BUYERS
Customers on the internet are impulsive and want everything now! Most families
with a dialup connection have only one phone line. If they have to log off their
computer to phone you or write a check, print out your order form, address an
envelope, and then put it in the mail... then you can forget about doing any
large volume of sales!
With
credit cards, buyers feel more freedom to make unplanned purchases.
5.
ENHANCED CREDIBILITY
The
ability to accept credit card payments gives you valuable credibility in the
eyes of prospective and current clients. You won't appear like some "here
today, gone tomorrow" basement operation.
6.
HIGHER PROFIT MARGINS
Credit
card customers are typically less conscious of price differences than buyers
that pay by check or cash.
7.
COMPETITIVE EDGE
Credit
card and ATM card users tend to seek out businesses that accept credit card and
ATM card payments over those that do not.
8.
INTERNET STRATEGY
It is
clear that credit cards are the predominant and safest method of moving currency
over the internet. They also make tracing orders for customer service much
easier. If your doing business online, then you absolutely must Accept credit
cards on your web site or lose most of your customers.
Learn how to Accept VISA, MasterCard, Amex, and
Discover at your web site in 3 easy steps.
Learn how to get out of
debt by joining the Financial Freedom Society "Take
care of your business and your business will take care of you." -
J.T. |
