HomeSolutionsWatch DemoConvention ScheduleAbout usContact Us
Simply Easier Payments
 

Why Credit Cards

Why Accept Credit Cards

A Customer Led Change in Payment Habits

Your customers don't live in a 9-to-5 world. They expect 24/7/365 service. Simply Easier Payments provides your customers 24-hour access, anywhere and anytime, for easy online payments.

Providing an online credit card payment option to your customers demonstrates your commitment to convenience and service. It also means cash is available to your company more quickly, reconciliations are more streamlined, and the cost and hassle of collection actions are dramatically reduced.

Banks have been very successful in encouraging customers to replace check books with credit cards and debit cards. Many companies we talk to tell us over half their customers request some method of card payment as a first payment preference.

Other Major Industries Turn to Third Party Convenience Fee Solutions

Accepting credit card payments through third party services has been a trend in other industries over the past several years.

  • Utility industry,
  • Educational institutions (the University of Missouri and N.C. State for example),
  • Tax collection industry (IRS, state income, county and municipal property taxes)...

These industries have all instituted online convenience fee programs to enable their customers the ability to choose voluntarily to pay by card as a secondary alternative to the still available methods of paying by check or cash.

The logic behind the use of convenience fees is very well summed up by the following quote from the University of Missouri web site…

“As part of our ongoing effort to provide excellence in education, the University has focused on our costs to process credit card payments. These costs are approximately $2,000,000 per year; therefore, we have decided that the Cashiers’ offices will no longer accept credit card payments on student accounts. A third-party processor will handle MasterCard and Discover card payments.”

See this at http://cashiers.missouri.edu/creditcardpayments.htm

Contact us at 800-768-0907 to discuss accepting credit cards and benefits for your company.