In order for a small business to flourish, a customer must be provided with a convenient sales experience. iPayGreat provides that platform of convenience that a small business needs for customers who choose to pay with debit or credit cards.
The U.S. Small Business Administration has advised that a small business may be missing out on sales for accepting cash-only payments. In addition, according to Javelin Strategy and Research, the majority of transactions are performed with a debit or credit card payment. The number of electronic payment transactions is expected to rise by 33% in 2017.
Accepting Credit Card Payments will Increase Success
A new window of opportunity opens when a small business accepts credit and debit card transactions. A 2011 Market Watch report shows, 60% of the point of sale purchases were completed with a debit or credit card. In addition, different studies indicate that when the consumer is able to pay to utilize a debit or credit card, the likelihood of them making an impulse purchase increases, and they may also even spend more. Debit and credit card payments are more secure and easy for the customer to make enabling them to use them even more.
Merchant Services from iPayGreat
Commonly, when a small business accepts credit and debit card payments, a merchant account is assigned to the small business. This merchant account serves as the processor. The credit or debit account funds the transaction, and those funds are then transferred to the merchant’s account. This merchant account is attainable once you apply with iPayGreat.
Different business types demand different equipment for electronic payment processing. POS terminals and card swipers for mobile payments are available at iPayGreat. E-commerce services may also be set up for online purchases