The Advantages Of Accepting Credit Cards Online
According to marketingtips.com, some of the advantages of accepting credit cards online include:
1. 87% of Internet customers pay by credit card. That's why accepting credit cards online is proven to boost orders by nearly 400%.
2. Customers trust more, because it looks like a real business not a fly-by-night operation by credit card processing solutions.
3. Online orders increases profit per sale because (1) they eliminate the cost of using 800 numbers and live operators, and (2) credit card buyers are less concerned with price than cash buyers.
4. Without a merchant account, one is at the mercy of the customers (who often get distracted and forget to send their checks), the Post Office (which takes at least three days to deliver your checks).
5. With the right merchant package, customer's money is instantly and automatically wired into the bank account, ready to spend within 24-48 hours. This means one can immediately reinvest earnings and grow business.
6. With online credit card processing, business holder is able to capture many more orders from people buying on impulse.
Credit card processing is vital to operating any business in today's society. A merchant account is the service provided by processing banks in association with Visa, MasterCard, American Express, Discover and other credit card companies, which allows a business to accept credit cards and debit cards as a form of payment. The exploding world of ecommerce is playing a substantial part, as is the increasing usage of credit cards in business transactions are taking place in large number.
Credit card processing solutions can make customers pay easily, instantly without nay hassle. These solutions have proved to be boon for most of the business holders.Credit card processing tchnique delivers a powerful boost to any business.
Now it is proven fact by most of experts agree that one of the best ways for any small or home based business to increase sales is to accept credit cards. Studies show that accepting credit cards can boost your sales revenue from 20% to 80%. Merchant services allow dependence on professionalism and realistic approach to today's business. Most Americans today have credit cards; more than one in fact. With shopping-cart capabilities, industrial-strength and real-time transaction authorization merchant services offers a useful and affordable way to add credit-card transactions to any business. Credit cards form baseline for any business to grow by providing customers plenty of payment options.
Credit reports are a detailed record of all of your credit activities from how many credit card accounts you have, how many loans you may have taken out, and it shows whether you are paying your monthly payments on time or have a lot of unpaid bills. If you have a lot of negativity on your credit reports, you will not be able to apply for a loan, buy a house, or even apply for a credit card. Sometimes you are even unable to get a checking account if you have a very negative credit report. Credit reports come from a consumer reporting agency (CRA) that gathers and then sells your credit information to creditors who may be considering granting you credit, government agencies, or anyone who has a legitimate business that needs your credit report information such as a landlord before they will approve you to move in.
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