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Why Accept Electronic Payments?


Being in business, you understand your customers have diverse needs and like having options when it comes to buying your products or using your services.  This also means giving them options for how they pay.  Not only do they like this flexibility, they expect it.

Some people have their preferred method of payment, whether it is using a credit card, debit card, or check.  If they can't pay the way they like, you will lose their business.  And when birthdays, holidays, or some other special occasion rolls around, your customers like the option of giving gift cards instead of buying directly.

The more you satisfy your customers, the more successful your business will become.

Have you ever heard of the book Multiple Stream of Income by Robert G. Allen?  That is exactly what accepting multiple electronic payments does for your business.  It opens multiple ways for your business to generate more revenue.

To put this more into perspective, out of the last 10 purchases you made, how many times did you use cash?  Probably very few.  That is because 82% of all purchases today are made using a non-cash method of payment.  One in every 3 purchases in the United States is made with a credit card, debit card, or pre-paid product.  And out of every $100 spent, nearly $40 is in a form other than cash or check.

Also accepting electronic payments has many indirect benefits to your business.  Technology is the key to doing more with less.  And accepting electronic payments means you benefit with less overhead, you get your money faster, and you can focus on doing what you do best - providing your product or service.

Learn the Top 10 reasons to accept electronic payments.