The Top Five Reasons Small Businesses Should Accept Credit and Debit Card Payments

One of many things you need to consider as a small business owner is which payment options to offer your customers. Paying via a credit or debit card has quickly become the most popular method of payment around the globe. Despite this fact, many small business owners refuse to accept credit cards, because they think there are costly fees that will only drain their potential profits.

This is a common misconception that could be costing you sales and hurting your bottom line more than any fee ever could. Apart from opening new sales avenues for your businesses, here are the top five reasons that you as a small business should consider accepting credit cards.

  1. Credit cards encourage buying: Shoppers feel in control when they use credit and debit cards. Some studies even indicate that customers spend more when they’re paying with plastic instead of cash, most likely due to the credit line their card provides.
  2. Accepting credit cards can improve cash flow: Credit card transactions are processed and settled quickly, meaning no more waiting for checks to clear and no more waiting to collect from your customers.
  3. Accepting credit cards eliminates the risk of accepting a bad check: A bounced check can be costly. Not only does it take a chunk out of your profit, it also costs you time trying to track down the customer to collect a payment. With credit cards, transactions are screened as they are processed to reduce the risk of fraud.
  4. Debit and credit cards are convenient for shoppers: Let’s face it, the days where people carried a significant amount of cash around them are over. Customers are carrying plastic and are specifically looking for businesses who will accept their cards. Also, with credit card companies offering cards that earn points, mileage and other rewards, more and more people are opting to pay for products with their credit cards. Keep competitive by accepting credit as well as debit.
  5. Accepting credit cards is relatively inexpensive: Credit and debit card processing is a highly-competitive industry, meaning you’ll likely find a merchant services package that suits your budget. Many business owners discover that the increase in sales generated by credit cards more than covers the costs involved.

In order to start accepting card-based transactions, you first need to open a merchant account with a qualified electronic transaction processer. Payscout can be there to help you every step of the way and answer any questions you might have about how to use credit cards to expand your business. Check out our website for more information or contact one of our customer service specialists at 888-689-6088 today!

Mobile Processing Equipment From Payscout

At Payscout, we pride ourselves on having a standard of excellence in customer service, and that standard extends to our products. We understand your business is sometimes constantly on the go, so you need mobile credit card equipment you can trust to hold up to the task.

Payscout integrates the iProcess Mobile Payment App into our mobile credit card processing bundle. The iProcess App is compatible with both iPhone and Android enabled devices and can process transactions anywhere in the world via wifi or a cell phone data connection.

We use the iProcess App with our system, because of its convenient and easy to use features. With iProcess you will enjoy:

  • Geotagging the location of the sale on the receipt
  • Receipts sent via e-mail or SMS
  • Capture of digital signatures and the addition of a tip to the total amount charged
  • Full or partial refunds from the Transaction History Log
  • Processing of keyed or swiped transactions with our Encrypted Swipe Solution
  • FREE to download application

You will also be assured every transaction performed with iProcess is safe since the App uses an encrypted card reader to protect both the merchant and consumer. This helps to provide a reliable, safe and easy transaction for all parties involved with the security of encryption that meets PCI-DSS requirements.

Why Choose Us?

On top of providing a free mobile card reader and subscription to the iProcess mobile processing platform, Payscout offers our mobile customers the following benefits:

  1. No set-up or activation fees
  2. No cancellation or early termination fees
  3. No annual fee
  4. No monthly statement fee
  5. Approvals within 48 hours
  6. 24/7 telephone technical support
  7. Rates = 1.95% per swipe + .19¢ *
  8. Low monthly mobile device fee of $5.00

* All proposed rates and fees provided by Payscout, Inc. are subject to credit approval.

To check to see if your phone is compatible with our system’s mobile processing application, head over to our website or contact one of our customer service representatives at 888-689-6088 to learn how we can help you grow your business!