|
Each Day You Do Business Without Accepting Credit Cards Is Another Day You Are Missing Out On A Significant Business Building Opportunity!
Accepting Credit Cards Pays
With more than 500 million credit cards in use domestically, US credit card charges recorded for 1999 alone reached just over $1 Trillion! Each day in the USA, more than 52 million purchase transactions on credit and debit cards pass through the VISA and Mastercard networks.
In the first quarter of 2003, more than $295,000,000,000 (295 Billion Dollars) of goods and services were charged to VISA and Mastercard branded credit and debit cards, an 11.5% increase over the same period in 2002.
Electronic Check Processing
Between 18 and 20 billion checks are written at point-of-purchase locations every year in this country. On the Internet, on the phone, and even in the storefront, many merchants don't accept check payments. That's like opening a store at the local mall, but closing your doors to more than a third of potential shoppers.
E-Commerce Projections
Based on the projections, consumer spending on the Internet will top $14 billion, up 41% from last year. By 2004, 87.2% of small businesses and home businesses will have a website, and the total number of Internet users in North America should grow to 185 million.
A MERCHANT ACCOUNT IS KNOWN TO HELP INCREASE YOUR BUSINESS VOLUME BY 30-100%
|
|
Benefits of Accepting Credit Cards
More Sales: Studies show that credit card customers spend 2 1/2 times more than customers who only carry cash.
Impulse Buying: Credit cards give customers freedom to spend for previously unplanned purchases.
More Expensive Merchandise: Credit cards entice customers to purchase more expensive merchandise than they had originally planned to buy.
Competitive Weapon: Credit card customers are often less conscious of slight price differences and will seek out businesses that offer credit card payment options.
Enhanced Advertising: Since customers are more likely to shop at businesses where they have credit card acceptance, they tend to look for and read those ads first.
Steadier Sales: Credit smoothes out business peaks. Cash shoppers buy heavier on paydays and just before holidays; credit card customers buy whenever the need arises.
Customer Loyalty: Research shows customers who spend more on credit tend to return to the same business again.
|
|
|
