You're thinking about starting an online
business? How do you plan to collect
payments from your new local, national
and, yes, worldwide customers?
Accepting credit cards should be on top
of your online business list.
Benefits of Accepting Credit Cards for
Those Starting an Online Business
There are numerous reasons for starting
an online business with the ability to
accept credit cards. The number one
reason is increased sales. Online shoppers
have many options to purchasing products
and services. Make sure you make it easy
for your customers don't go to your
competitors because of difficulty to pay for
your products or services.
Wikipedia states the following benefits
for starting an online business accepting
"a credit card transaction is often more
secure than other forms of payment because
the issuing bank commits to pay the
merchant the moment the transaction is
authorized, regardless of whether the
consumer defaults on the credit card
payment (except for legitimate disputes,
which are discussed below, and can result in
charges back to the merchant).
In most cases, cards are even more
secure than cash, because they
discourage theft by the merchant's
Credit cards reduce the back office
expense of processing checks/cash and
transporting them to the bank."
Accepting Credit Cards Encourages
Customers are more likely to purchase
when they can complete payment
transactions quickly and without
frustration. Waiting to mail a check then
increased time to receiving a product or
start receiving a service will not help
your business launch smoothly. Help
your customers pay you quickly and
easily... and they'll be more apt to
Impulse buying is, also, increased when
credit cards are accepted by an online
business. Research studies have shown
continually that buyers are most like to
spend more and more often when credit
card is an accepted form of payment
online. starting an online business and
accepting credit cards is a must.
Credit Card Acceptance Gives
Having the option to charge the payment for
your products or services gives your
customers flexibility. They're in charge and
empowered - much better than frustrated by
lack of options.
There are people who prefer to buy now and
pay later for various reasons. Other people
prefer to manage their money through credit
cards statements. Online they can manage
the security of their finances.
Customers Spend More With Credit
Your new customers want your services
or products. If you're products or
services are considered a 'big ticket'
price point, accepting credit cards will be
your saving grace of allowing people to
buy today and pay off slowly over
time. They can purchase without
affecting their immediate cash flow.
Increase Your Own Business Cash
If you use the right method of accepting
credit cards, you can receive the
payment in your business bank account
as soon as 24-hours. Using PayPal,
Google Wallet or other that merchant
account services can take four days or
more for full access after you log in and
complete the process to deposit the
funds into your account.
Check payments can take two to four
days to reach you (that's if the person
actually writes the check and gets it in
the mailbox quickly) and then more time
before the bank releases full funds for
you to use. The faster you have the
funds - the sooner you can use them.
Accepting Credit Cards Makes Your Life
With credit card payments, you do not have
to run to the bank to make deposits. These
days you can quickly deposit checks with
some banks via a phone app. Not all banks
offer the phone app yet and even the five
minutes per check to take the photo is time
Credit card processing is accepted,
processed and then deposited directly into
your account while you focus on your
Your Starting an Online Business -
Reach a Broader Audience
The Internet is not called "the world wide
web" for no reason. Your online business
is open for customers from all around the
world to see your products and
services. Global payment acceptance
starts with credit cards. Credit card
companies implement security processes
to help prevent fraud and you accept
currencies other than your own.
Start an Online Business Accepting
Credit Card Payments - Grow Your
Start Business with FDIS, an internet
payment processor, and Start With a
Partner 40+ Years in Business!