Whilst there is a “cost” to accepting credit cards, do you know how much business you might be losing out on by not accepting them?
A case study heard recently – a family of 2 adults and 3 children called into a remote café (so no banks or cashpoints nearby). It did not accept cards, so that business was “lost”. Multiply this a few times a week and the lost revenue soon mounts up.
You do not have to set this up through your bank – there are several other providers – and it is possible to be up and running in just 1 day in some cases. It is not only businesses – not for profit organisations and clubs might also be eligible! A local football supporters club was up and running in one day to accept credit cards for match tickets, transport etc. The provider also supplied a debit card to the club to enable payments to be made e.g., for fuel, minibus hire etc.
A recent added feature is the ability to take contactless payments straight onto an iPhone.
If you have not considered this or dismissed it in the past, we recommend you look again.
We can discuss this in more detail with you if you would like to know more.
