Why Your Business Needs to Accept Card Payments

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Credit cards are essential. According to stats, more than 60% of the entire population[1], or 32 million adults own a credit card, and a whopping 96% of people own a debit card in the UK. Stats also tell us that while people like handing over cash to coffee shops and for other such smaller transactions, they prefer having a credit or debit card for bigger transactions.

So, if your business doesn’t offer credit or debit card payments, you could be missing out massively.

The truth is that whether or not you have an online business, you should ensure that you have the option of card payments. Whether you’re a window cleaner, driving instructor, plumber, therapist, cake decorator, gardener, or a mobile hairdresser, you have to back up your services with a cashless payment method. Moreover, since card payments are known to increase sales by up to 40%[2], it is essential that you take them seriously.

If you’re still not convinced, this blog will help you understand exactly why you need to accept credit and debit card payments.

Makes it easier for you to collect payments

One of the biggest benefits of having a business that accepts both credit and debit cards is that it makes it easier for your customers to pay you. Not everyone that you provide services to will carry cash because of several reasons. In such a case, they will almost always have a credit or debit card to hand that they can use to pay you there and then.

Gives you the chance to track your orders

Another advantage of accepting credit and debit card payment is that everything is automatically tracked and saved. Instead of having to manually enter the details of the orders and the payment you receive, you can simply keep the receipts that are provided with each order. This will also help you in keeping track of your income.

You cater to a larger audience

Small businesses that don’t accept card payments[3] are regarded as ‘outdated’ and ‘behind the times .’ If you don’t want to be labelled in such a way it’s advisable that you give your customer the opportunity to pay with a cashless alternative . Once you start doing that, you’ll be appealing to a larger audience, and this will inadvertently cause your business to spread its roots.

Now that you’re aware of all the reasons why your business must accept card payments, it is essential that you look for a vendor who can provide you with the tools to make it possible. Here’s what you need to look for.

  • A simple and quick signup process

  • An effortless dashboard you can understand

  • A system that’s affordable but efficient

  • Safe and secure to give your customers complete peace of mind

  • Something that’s ideal for small businesses

  • Transaction fees that are affordable, in most cases transaction fees can be cheaper than paying in cash to the bank

So, if you’re a small business or sole trader who is used to taking cash payments, say goodbye to the old ways and enter into the world of cashless payments today!

 

ASAPay provide a smart alternative to taking cash payments, providing you with your own webpage and facility to take card payments securely, our transaction fees are affordable, and service is second to none. Speak to us today about how we can help your business take cashless payments.

 

Source:

[1] http://uk.creditcards.com/credit-card-news/uk-britain-credit-debit-card-statistics-international.php

[2] https://fitsmallbusiness.com/how-to-accept-credit-cards/

[3] https://www.forbes.com/sites/tjmccue/2013/08/16/why-dont-more-small-businesses-accept-credit-cards/#2eacb13d15b4

Lorraine Wilson