If you’re an entrepreneur in today’s world, weighing up the pros and cons of using a credit card VS cash is definitely something you should do. Not so long ago, startups were suited to take cash payments only, whereas nowadays – when 70% of people have at least one credit card – changes are inevitable. So although it’s no big secret that we are moving towards a cashless society, there are costs you will have to pay for settling for one of these (or both).
If you’re trying to start a business but keep seeing the information that you have to be PCI certified, don’t ignore it. Being compliant with security and data protection rules has many benefits for your company, and here you can learn how to become PCI compliant and what exactly it represents.
Credit card processing can be very confusing, but it’s essential to understand it if you plan on getting merchant services. If you own a small business and you’re choosing between Merchant Chimp vs. Square, we prepared a breakdown of which one is better for credit card processing services.
Merchants today know that the most common payment methods are credit and debit cards; people rely on money less and less, and more on cashless options. So why do companies offer a cash discount? There’s a variety of reasons behind this business decision, and most benefit both the customer and the merchant.
Good customer service is essential for building a reputable and trustworthy business and brand. However, customers’ expectations are constantly rising. Since consumers are more informed, experienced, smarter, and have more options to choose from than ever, their expectations become higher. For that reason, companies have to come up with a system that will track customers’ happiness, opinions, and feelings towards a particular brand. This will help them map all problematic spots in the way they operate and give them a chance to attain excellent customer service and increase revenue.
When you’re running a company, every decision you make along the way is crucial. Deciding what the best credit card machine for a small business is and getting the right equipment is a major turning point. It will impact your success in the long run. So read on to get to know about the most influential brands, modern features, processors, and more. Save your money, increase your revenue, and boost customer experience with our helpful tips.
You have opened a small business recently and you want to gain as many loyal customers as possible with a new method of payment where both you and your clients can benefit. Then you are probably wondering: what is cash back and why should I use it? According to the latest statistics, 80% of cardholders have cashback on preferred cards. This is a great reason to keep reading and get answers to the questions How does it work and How can it benefit both you and your clients.
Risk is one of the major factors that shapes the cooperation between economic actors when it comes to cashless transactions. If you’re an entrepreneur, it’s in your interest to avoid exorbitant fees and unfavorable agreements, which gets harder if you run a high-risk business. But there’s nothing to worry about as we’ll break down how to avoid problems and highlight the major factors you should consider when choosing the best credit card processing services.
It never hurts to know how much you can save.
