Why Accept Credit Cards?
Top Three Reasons to accept credit cards
- Triple your sales
- No more trips to the bank or bounced cheques
- Customers want to pay with credit cards
 Triple your sales
Several studies, including one conducted by the accounting
firm PricewaterhouseCoopers, have shown that the average size of credit
card orders is up to three times larger than cash and cheque orders. People
buy more when they pay with a credit card.
No more trips to the bank or bounced cheques
By making credit cards your preferred method of payment,
you reduce or eliminate bounced cheques and decrease the time it takes
to process orders. Your payment is guaranteed up front and ProPay's simple
online transaction entry takes just a few moments. No more trips to the
bank or bounced cheques.
"Paying by credit card is so much easier for
me and my customers that I have actually made it my preferred method
of payment." |
Customers want to pay with credit cards
Customers increasingly want to pay by credit card. Studies
show that credit card payments will overtake cash and cheque payments
within the next few years. Customers often get benefits for paying with
credit cards such as frequent flier miles or other affinity points. Paying
with a credit card also gives customers more flexibility to manage their
cash flow.
What about processing fees?
Many business owners are hesitant to take credit cards
because of the processing fees. The fact is, by accepting credit cards
you make much more money than you pay in fees because order sizes tend
to be larger. Just one increased order size as a result of accepting
credit cards could easily pay for the costs associated with accepting
credit cards. The example below compares how much money can be made with
cash and check payments versus credit card payments.
"Even if my customer orders just one more product as a result of paying
with a credit card, I make more money than I would have otherwise. And...
the larger order sizes more than pay for the small processing fee."
-Emily |
|
Scenarios B, C, and D assume fees from
the ProPay Premium Account of 3.25% + $0.35 per transaction.
|