Merchant services are a necessary component of your business. The availability of credit cards to consumers has created a market that did not exist years ago. Businesses can instantaneously get paid for their goods or services and make as many charges as they want, as long as the credit card company approves them.
Merchant services help you process credit cards at your business location. If your business accepts cash or checks and is not on wheels, you need merchant services. While handling money can scare some people, using credit cards is a safer way to conduct transactions. Merchant Services account for credit card processing, mobile payments, and other advanced financial functions. These services can significantly add value to any business while helping it to grow.
Credit Card Processing – Mobile Payments
The benefits of credit card processing are many. Whether you are a small business or a large corporation, the ability to accept credit cards can make your business more efficient and profitable. The benefits of credit card processing include:
Better customer satisfaction – Customers like paying with a card and don’t have to worry about having cash on hand or running out of checks. They also appreciate not waiting for their check to clear before making purchases. When customers are satisfied, they’re likely to make repeat purchases at your business and tell their friends about it.
More sales – Approximately 70% of all retail transactions are paid for with a credit card today. If you don’t accept plastic, you could lose out on as much as 30% of your potential sales. If your competitors accept cards and yours don’t, you’ll always be playing catch-up with them regarding sales volume!
Lower costs – Credit card processing is more cost-effective than accepting cash because no money changes hands during the transaction (no cash handling fees).
Credit Card Processing – Advanced Financial Functions
One of the best ways to use your merchant account is for sophisticated financial functions. A merchant account allows you to process credit card transactions online or in person. It also gives you access to advanced financial tools such as reconciliation reports, electronic funds transfers (EFT), and recurring billing. These features allow you to manage your money better and keep track of transactions much more quickly than if you were manually processing them through checkbooks or cash registers every day.
Credit card processing makes it easier for customers to buy from you because it makes a payment more manageable. Customers no longer need cash or checks; they can swipe their cards at checkout, and their purchases will be automatically deducted from their accounts over time with little effort on their part. This makes it possible for people who may not have been able to afford products before now to buy them easily online or in person without having large amounts of cash on hand.
US Pro Pay
Business owners need to consider the benefits of credit card processing and consider Merchant Services for their business, and we can help! There are so many benefits to owning a credit card machine, from the security of the local small business owner to the many options for how you can integrate the equipment into your business operations. Use these resources and learn more about our merchant services today.
Contact us today to build your business with US Pro Pay!