Studies show that accepting credit cards increases sales productivity by over 25%. It gives the customer multiple options when paying for a product or service.
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#2 – Increased Efficiency
Time is Money. When accepting credit cards, you can have the money directly deposited into your bank account within 2 business days.
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#3 – Builds Positive Reputation
Showing your customers that you can accept all forms of payment, including credit cards, tells them you are a viable, successful business.
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#4 – Easy Financial Reconciliation
Electronically processing credit cards provides you the ease of reporting to integrate directly into your accounting software.
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#5 – Increased Productivity
What used to take days to complete can now be done in a matter of seconds. Real-time credit card processing can be done via the internet, phone, or face-to-face.
This tutorial will help you understand who may need a merchant account.
Answers to other questions can be found on our Frequently Asked Questions page.
