You might be wondering if starting a business merchant account is the right way to go. Perhaps your business is a small, at-home operation, and you're worried about security and credit card processing fees. Or maybe you own a family-operated restaurant and are still committed to using traditional payment methods. Yet as today's consumers are increasingly using credit and debit cards to make purchases both large and small, it becomes crucial to provide customers with multiple payment options in order to keep revenues up. Starting a merchant account may seem intimidating, but it's actually a simple process with invaluable benefits.
1. Improve Revenue: Just about every adult consumer has some form of credit or debit card, decreasing the need to carry large amounts of cash when going out. As customers are more likely to use their credit cards to make large or impulse purchases — or any purchase, for that matter — the ability to accept and process a wide range of major credit cards can help your business increase sales.
2. Increase Productivity: Accepting credit and debit cards at quick-service businesses, such as fast food restaurants, has recently become the norm. With no-touch credit card terminals, through which customers can swipe and enter their PIN without handing over their card, checkout lines run more efficiently than ever.
3. Customer Satisfaction: Today's consumers enjoy flexibility. Providing your customers with several options for payment, including checks, cash, gift cards, credit cards and debit cards, gives them complete control over how they spend their money. Keep your customers satisfied by giving them the freedom and flexibility they expect.
4. Receive Online Payments: Taking your business online is crucial, as people rely more and more on the Internet to do their shopping, bill payment and account management. A reliable merchant processing service gives you the ability to provide online invoicing, set up payment reminders, receive payments online and take your business with you wherever you go.
And these benefits are just the beginning! Once you get started with your merchant credit card processing account, you'll be able to take your business to the next level of success.