Benefits of Accepting Plastic

Keeping your business in the black is the top priority of Credit Card Transactions Inc. Every type of business benefits financially by accepting credit cards. With more than 500 million credit cards in use domestically, US charges recorded for 1999 alone reached $1.1 trillion!

Accepting credit cards has advantages as sales increase by as much as 40%. Do not miss out on these customers! Accept credit cards and improve your bottom line! We have even listed some advantages of accepting credit cards below:

• 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.

Why should I process credit cards?

There are several advantages for companies processing credit cards. The average American's reliance on cash and checks for retail and Internet business transactions is continually diminishing.

Today, the average American adult carries at least two credit cards. Together, Visa's and Mastercard's annual volume exceeds $210 billion dollars

What are the business advantages of processing credit cards?
A merchant account will allow you to:

• Improve your customer service. With credit cards you give your customers a wider range of payment options.
• Increase sales. Additional payment options increase both your total revenue and the size of individual sales.
• Improve your cash flow.
• Electronic funds transfer means you get your money faster.
• Reduce risk.
• Unlike personal checks, electronic payment options will not be returned NSF. You also reduce the amount of cash kept in your store.
• Increase productivity and record keeping. Electronic payments mean faster tallies at the end of the day and easier trips to the bank.
• Increase your market share. Offering state of the art payment methods for your customers puts you ahead of the competition.

These are most of the advantages enjoyed by businesses that process credit cards. So start immediately with the help of Credit Card Transactions Inc. to benefit!