Increase Your Sales - Accept Credit Cards

Translating ...

Many people today simply prefer the convenience of paying by credit card. If you want your business, you must be able to accept their credit card payments ....
In part one of this series we'll discuss why you should accept credit cards, and the basis for obtaining the status of the merchant. The second part will deal with the comments you get, you accept a credit card and check payment option ....
As many companies have found, up to 70 percent of people never check the mail, so accepting credit cards is crucial. When a customer places an order, he is excited and eager to buy. Faced with the possibility of sending a check, waiting to clear and then wait for the shipment, his interest is likely to decline. In the meantime, you can lose sales.
Basics dealer status
In order to accept credit card, you must work with the bank that will transfer money to your account within a day or two of sales, and then collect money from the buyer. In return, you pay a bank fee of 1.5 percent to 5 percent for each credit card transaction, set, per transaction fees and setup fees. You will also have to pay monthly support or equipment-rental fees for point-of-sale terminal - the machine used to swipe the card - depending on the contract.
Fee is based on two things, the average amount per transaction, and the total volume for that year.
Fee is based on two things, the average amount per transaction, and the total volume for that year....
When you apply for merchant status, the banks evaluate your business based on sales track record, type of business is, your credit record, business credit record and your overall financial picture....
Secondly, to show that you are taking steps to reduce the time and expense involved in recovering bad debts. If someone writes a bad check, for example, it will cost you time and money to recover the loss. If the swipe customer credit cards through point-of-sale terminal, you can be sure that you will be paid. machine contacts the bank to approve the transaction and takes account numbers through various fraud protection procedures.
The two parts of this series will deal with the objections you might get, you accept credit cards, and check payment option.
Copyright 2004 DeFiore Enterprises