According to creditcards.com, in the U.S. alone, there are over 52.1 million American Express cards, 178 million Master Cards, and 277 million Visa cards.1 That’s a whole lot of plastic. What these numbers tell us is that just about everyone relies on using credit to get what they need or want, whether that means groceries at the store or laptops online.
Cash used to be king, but nowadays it seems like there isn’t a person out there who doesn’t have a credit or debit card. So if you’ve been running your business by taking cash and/or checks, it’s time to consider credit card processing services. You’ll open your doors to a whole spectrum of new customers.
When you take credit and debit cards, you’re more likely to get and keep customers. Everyone doesn’t carry cash around, or if they do, it may just be enough for grabbing a drink out of a vending machine, although many vending machines are starting to take credit cards too. Not everyone has cash on hand because credit and debit cards are so much more convenient. They are accepted virtually everywhere, it’s easier for people to track their spending when they use a card, and they are convenient to carry. There’s no need for having the right change and people don’t have to worry about losing their money. It’s a win-win situation.
So when you’re ready to open your doors to more customers, consider merchant accounts for credit card processing. Setting up merchant credit card processing is easy and quick, and you can be accepting credit and debit cards in no time. Not only will this allow you to do business with more people, but you’ll find the convenience helps your business to process transactions quickly. So go ahead and get started, you’ll be glad you did.