Why Your Business Should Start Accepting Credit Cards Posted on October 28, 2021October 27, 2021 By Leigh Langston For many small and brand-new businesses, the idea to just stick to cash purchases only has some appeal. There aren’t any extra processing fees, and it’s overall just a simpler way to go about business, right? The truth is a little different, as adding the option to accept credit cards for your business can actually come with a host of benefits that make it worth the effort. We’ll look into why your business should start accepting credit cards so you can decide if it sounds worth it for your own company. Cash Flow Improvements If you want to get paid faster, accepting credit cards is the way to go. Compared to slower methods of payment like checks or invoices, accepting a credit card gets you your money usually in less than a day or two. If you need better cash flow because your expenses are on tight timetables, you can’t expect an invoice to get answered in time. Higher Sales Numbers Think about how much cash you carry around on a regular basis. If you expect people to make larger purchases, you have to give them the option to spend more than the pocket change they keep in their wallets. With the option to use a credit card, many buyers will be open to buying more than they would otherwise because they can pay it off at a later date. Customer Convenience One of the kindest reasons your business should accept credit cards is because it makes buying from you much easier on the customer. Carrying cash around isn’t very common anymore, and checks even less so, but many people carry around a credit card for everyday purchases. If you want to improve your customers’ experience when they buy form you, the option to take their credit card can make the shopping experience much simpler. Transaction History Records Even if you do a lot of sales only through cash, that can still be difficult to keep track of for the purposes of things such as data and analytics. You can track credit card purchases much easier than cash transactions, which allows you to analyze the trends that could help expand your business in the future. Finding out that certain people buy certain products at certain times in the year may allow you to capitalize on that opportunity more. Many Affordable Options You may hesitate adding credit card acceptance to your business because of financial reasons, you should know that you have a variety of options to choose from nowadays. There are even specialty credit card processors for specific industries that make it easy for you to implement them into your company without disrupting your day-to-day business. About Author Leigh Langston editor See author's posts Share this:Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)MoreClick to email a link to a friend (Opens in new window)Click to print (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on WhatsApp (Opens in new window) Related News Credit cardscustomer convenienceimproving cash flowincreasing salesspecialty credit card processorstransaction history recordswhy you should accept credit cards
News What Black Women Need To Become Directors of Diversity, Equity, and Inclusion Posted on February 6, 2023February 6, 2023 The University of Washington Tacoma reports that diversity, equity, and inclusion (DEI) job openings increased by a whopping 76 percent between February 2020 and August 2021. That’s consistent with the Society of Human Resource Management’s (SHRM) report that noted a plunge in such jobs during the early months of the… Share this:Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)MoreClick to email a link to a friend (Opens in new window)Click to print (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on WhatsApp (Opens in new window) Read More
News Meet the Woman Running Music Artist Management and Consulting Firm, Alex&Ria Posted on October 30, 2020November 29, 2021 The Introduction My name is Alexandria Higgs and I am a young Atlanta native who recently decided to go rogue and start my own artist management company, Alex&Ria. I always knew I would work in the music industry since I was a tot. I started working in the industry during… Share this:Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)MoreClick to email a link to a friend (Opens in new window)Click to print (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on WhatsApp (Opens in new window) Read More
News Steps You Can Take To Ensure Your Shop Is Accessible Posted on November 6, 2021November 6, 2021 Accessibility is more than a business buzzword. Remaining available to customers of all needs is crucial for any Black-owned business looking to serve every customer equally. Here are three steps you can take to ensure your shop is accessible to everyone. Consider Physical Accessibility Nearly 14 percent of people in… Share this:Click to share on Twitter (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Facebook (Opens in new window)MoreClick to email a link to a friend (Opens in new window)Click to print (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on WhatsApp (Opens in new window) Read More