How to Get The Most Out of Your Merchant Account

1. Advertise that you accept credit cards: This could be the deciding factor when it comes to having your customers choose you - instead of the competition...

2. Rewards, rewards, rewards!  People go crazy over "building points" for rewards programs, etc. They'll be automatically more inclined to purchase from you if they can use their preferred credit card, along with the rewards it offers them.

3. "Cash or Credit Card?" At the point of sale, ask your customer if they'd like to pay with their credit card. At this point - once their card is in your hand - you may want to have an upsell lined up to offer in addition to what they're going to be purchasing. Regardless, it's statistically proven that simply asking this question will increase the ease of spending into your business - driving up the frequency AND size of your orders...

4. Collect Receivables (Money Owed) Any unpaid balances and accounts receivable that your business is still in waiting for (customers haven't paid yet) should be collected on as soon as possible. Now that you can accept credit cards, it's going to be a lot easier to collect from your customers - and all you'll likely need to do is inform them that there's an easy way to clear up an invoice just by paying with their card of choice. 


Related Post :




Comments

Post a Comment

Popular posts from this blog

Merchant Services for Salons

 In today's world, businesses need to have flexible and efficient payment systems to stay competitive. This is especially true for the salon industry, where customer satisfaction is key to success. If you're a salon owner or manager, you know how important it is to make the payment process easy and hassle-free for your clients. This is where merchant services come in. In this article, we'll explore the benefits of using merchant services for your salon and how they can help streamline your payment process.  What are Merchant Services? Merchant services are financial services that enable businesses to process payments made by their customers. These services include everything from credit and debit card processing to online payments, mobile payments, and point-of-sale (POS) systems. Merchant services providers (MSPs) offer a range of services designed to make the payment process easy and convenient for businesses and their customers. Why Should Salons Use Merchant Services? ...
Read more

Credit Card Machines and Terminals

One responsibility a business owner is stuck with is processing payments from their clients. In the past, getting hold of payments entailed business owners or a representative of the workforce going from house to house just to claim the payments from their clients. However, in today's modern world and fast-paced lifestyle, there is just nothing that can't be accomplished with a mobile phone. From purchasing a pony to accessing your sensitive business files, the web has provided a much easier and more convenient means of accomplishing several tasks. Credit Card Machines  In the present day and age, business owners and office managers can process credit cards in the comfort of their office chairs with the use of a credit card machine and credit card terminals. In most cases, terminals even come in a wireless configuration. A company that is leading when it comes to such trade is Major Processing. One of the many advantages of choosing Major Processing for this type of service is ...
Read more

The Best Rated Merchant Account Providers

It is essential that your business process credit cards. There are many options including telephone dial-in and portable swipe readers that you can use to process cards. When you need merchant services , you have to review all of your options. Merchant service providers are not alike and the fees that they charge to provide you with credit processing services vary widely from one company to another. One of the biggest and most flexible fees is that of interchange and pass-through charges. You need to review the services and fees from several processors before making a decision as to who to use. If you are shopping for a merchant account for the first time, you need to be especially careful to find out who charges the best rates. These rates can be complex and confusing. Always read reviews of the top merchant service processors to help make a faster and more educated choice. Whether you’re a tree service company or a medical facility, there are different needs depending on the type o...
Read more