1) Accepting Credit Cards And Add Legitimacy To Your Small Business

By displaying the logos of the credit cards you accept, at your cash register, reception desk or on your website, you grab your customers’ attention thereby creating a sense of trust in your small business.

2) Consumers Seek Out Merchants Who Accept Credit Cards

Capture more customers: You have a much greater chance of capturing consumers if you accept plastic because typically, only 23% of people use cash for point-of-sale transactions. Since the explosion of COVID 19, more and more people are insisting on using credit cards. In other words, if your small business doesn’t accept credit cards, you’re limiting your success.

3) When You Accept Credit Cards You Boost Your Sales and Gain A Competitive Edge

When you take your business from a cash-only operation to one that accepts credit cards, your customer base will expand significantly. In other words, the more customers you attract, the more likely you are to make additional sales.

4) You’ll Encourange Buying When You Accept Credit Card Payments For Your Small Business

Credit cards encourage impulse buying and improve your cash flow. An MIT study indicated that customers tend to spend an average of 83% more when they’re paying with credit cards. This includes a high rate of impulse purchases. So accepting credit cards will increase your overall sales.

5) Credit Cards Are Convenient For You And Your Customers

Consumers like the convenience of credit over cash. In other words, let your customers decide the most convenient way to buy from you. Besides the convenience factor, many customers want to use their credit cards to earn rewards associated with them, including airline miles, points towards merchandise and cash back.

In addition, for you, the business owner, there’s a lot of software that ties directly into your merchant account that makes things like accounting, and inventory management easier to follow. With cash, you have to enter every transaction by hand into whatever analysis software you are using.

6) When You Accept Credit Cards Can You Improve Your Small Business Cash Flow

Credit card transactions are processed electronically and settled quickly with proceeds typically deposited into your bank account by your processor the next business day. Therefore, no more waiting for checks to clear, no more billing and waiting to collect from your customers, and less cash to handle. In other words, you get more of your money faster.

7) Accepting Credit Cards Is A Requirement If You Do Business Online

The vast majority of transactions on the Internet are paid for with credit cards. Therefore, if you are an e-commerce merchant, you can’t afford not to accept plastic.

Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.

8) There is Only a Minimal Expense Involved in Accepting Credit Cards For Small Business

Credit card processing is a highly-competitive industry, therefore you’re likely to find a merchant services package that suits your specific small business needs and your budget. Credit card processing rates are so low even the smallest startup or mom-and-pop business can easily afford to have a merchant account. Similarly, most merchants discover that the increase in sales generated by accepting credit cards more than covers the costs involved, making their merchant account an excellent return on their investment.

9) It’s Quick And Easy To Set Up A Merchant Account To Accept Credit Card Payments For Small Business

In conclusion, at Canada First, we can process your merchant account application immediately and have you ready to process credit card sales within 3 business days. Your processing terminal is simple to set up – just plug it in and activate it with a simple phone call. That’s all there is to it.