If you own a business where you get paid in checks, you know the costs associated with generating and sending invoices — and waiting to get paid. You can wait days, sometimes weeks, for those invoices to be paid. For these types of businesses, accepting credit cards using a credit card reader can save you time and get you paid fast. Here are three great reasons why you should consider credit card acceptance if you don’t currently:
1. You get your money in 1-2 business days, not 1-2 weeks.
There can be real costs to your business if you aren’t paid in a timely manner. By accepting credit cards, you avoid going weeks without payment. Yes, there is a small percentage deducted in fees for each card you swipe, but these fees are minimal and you can shop around for the best offer. In addition, you avoid the cost and time it can take to track down customers for payment.
2. It’s easy.
Seriously. All you need is a credit card swiper that attaches to your phone, and an account. With a mobile credit card reader, you can accept payments anytime, anywhere.
3. It can increase your profits.
By allowing your customers to pay with credit, cash and check – you broaden your potential customer base. This broader base can result in more business and more profits.