The Benefits of Accepting Credit Cards

The Benefits of Accepting Credit Cards Whatever your business needs, accepting payments by credit card can reduce your accounts receivable payment waiting time dramatically. It also gives your customers another payment option. You're not just helping to build your business, you're helping to strengthen existing relationships and attract new ones. Four Ways Card Acceptance Can Boost Your Bottom Line North American small businesses use (0% credit cards for business purchases 1. Get Paid Faster 2. Reduce Your Costs 3. Increase Sales 4. New Payment Solutions Check vs. Credit Card Sale Made Sale Made 10 Days 2 Days Customer Receives Invoice Funds Reach Your Account 30 Days Customer Pays Invoice Use credit cards and get your money in 2 business days! 2 Days Funds Reach Your Account 32% of small business owners saw an increase in their overall sales once they started accepting credit cards. Save Your Time and Money is an easy way to help streamline your payment process! Taking payments with a credit card Check Fees NSF Fees Collection Costs Write-Offs Labor and Invoicing Bank Deposit Fees 73% of businesses say that taking credit cards has improved their cash flow because payments are made immediately. Your Customers Want To Use Credit Merchant service providers can help you offer new payment options to your customers for a more convenient payment experience. These payment options can help increase sales. Recurring Billing eCommerce Mobile Payments Payfirma payfirma.com SOURCE: Visa Canada Association Research: "How Small Businesses Buy and Sell", Commercial Tracking Study, TNS Canadian Facts (2006), Visa Canada Handbook: Best financial practices for Canadian businesses, May 2007 %24