3 Industries that Benefit from Credit Card Processing
A credit card merchant account can benefit a wide range of businesses in any industry, as many merchant account providers give customers the ability to customize their account to best fit their business’ needs and goals. If you’re still hesitant about starting a credit card merchant account, whether you’re unsure about the associated costs or if you think your business is too small to benefit, below you can find benefits and solutions for three different industries. You’ll learn that no matter what industry you serve, the ability to accept credit card payments can help you reach your business goals.
Retail credit card processing has made business ownership accessible to more Americans and helped thousands of small business owners grow their companies. The retail industry benefits from advanced point-of-sale (POS) credit card terminals that process major credit and debit cards efficiently and securely. As today’s consumers prefer paying with credit cards for all purchases and eliminate the need to carry cash, accepting credit cards can help retailers improve sales dramatically.
Whether a full service fine dining establishment or a quick service fast food chain, credit card processing for restaurants allow restaurateurs expand their customer base and improve revenues. Full service restaurants can enjoy the simplicity of easy-to-use payment terminals and gift card programs that keep customers returning. The use of debit cards has led more consumers to use their card for even small purchases, such as a quick burger and fries, making it crucial for quick service restaurants to accept credit and debit cards and keep the line moving quickly.
Businesses that provide professional services to their clients, from cleaning services to maintenance and repair, can use electronic invoicing to cut costs on paper and postage. Electronic invoicing also gives customers the added benefits of checking their account online, receiving reminders and reducing late payments. Mobile credit card processing allows businesses to process payments wherever they go – whether at a customer’s home or exhibiting at a trade show.
We’ll continue to look at various industries and how credit card merchant accounts can benefit different businesses in each. Check back with the BluePay Blog for updates soon!