Why Accept Credit Cards

Because It Never Makes Sense To Turn Down Profit

Imagine telling customers “We don’t take cash”.

If you don’t take card payments, you are basically saying the same thing.

Card payments are approved or declined at the time of the transaction, so you know you are going to get your money – just like cash.

And your money is deposited in your bank account within 2 business days.

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.

Reduce Your Administration Costs

You save time and money by taking electronic payments.

  • Fewer checks come in the mail,
  • Less time opening mail,
  • Less time manually updating your billing system,
  • Fewer checks to deposit,
  • Card transactions are approved or declined at the time of the transaction so you know you are getting your funds.
Other Major Industries Turn to Third Party Service 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 Service 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 Service 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.”

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