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10 Jan 2017

Why do you run a business? People may answer this question differently. Their answers may include (but are not limited to) for business is their passion, it gives them liberty to choose people they want to work with; it helps them establish a better work-life balance etc. One thing these reasons share is money. It is, of course, the driving factor. This is why people take risks and challenges every day in the business world. So if there is any formula to make money, what if you get a yes in response? Open a merchant account online to make the difference count. Start accepting debit and credit cards from your customers. With time, customers are counting less on cash and checks and relying more on virtual payment mode. Following are the advantages you bring to your business post acquiring merchant account:

ü  Acceptance of Credit Cards This is seen that when businesses open up to accept card payments, they get priority by the customers. You tend to get new customers and the cash flow becomes regular. 

ü  Ascend Sales- There is a huge difference seen in sales before and post acquisition of merchant account. The sales increase significantly as the customers now don’t leave you for not accepting modes of payment other than traditional ones. When you upgrade your business from retail to online, you get the attention of more and more potential buyers.  

ü  Increased Efficiency of the sales force- With the grown payment acceptance of business, the sales staff becomes even more productive. The reason lies in their confidence and motivation that comes when the customers don’t go back without even hearing to their offerings. 

ü  Money Management Gets Smoother and Easier- From counting cash to moving to the online mode of payment leaves a large room for better money management. It will bring in organized and smooth cash flow. A better cash flow management leads to a precise forecasting. 

ü  Skip Those Bad Checks- As you start accepting card payments, you can avoid getting bad checks. No need to devote your precious time in following up with customers who have left you with bad checks during the event of purchasing a product or service from you. 

ü  Happy, Satisfied and Loyal Customer- It is said that customers remain happy when exposed to the liberty of making choice. This is not limited to the products and their variations but they also enjoy to be free to choose from the multiple modes of payment. 

If you want to climb the ladder of success, get a merchant account for your business. You can ease the cumbersome process by hiring a professional merchant service provider. 

Read More: Considering Opening A New Merchant Account? Here’s All You Must Know


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