Happy new year everyone! Welcome to 2017 – your most successful year of business yet. At least, this is our hope for your business. And, we imagine that, naturally, it is your hope as well. Of course, there are many different ways you can create extra interest in your brand – advertising, renovations and expansion are among them. However, at Canadian POS Corporation, we know that there is one business-growing method that has always proven itself to be true.
Accepting credit cards will boost your sales! It’s just that simple. It’s the year 2017 and this is Canada. Canadians expect to be able to pull out their credit cards – everywhere they shop – in order to pay for their purchases. There’s no simpler way to put this: if you don’t accept credit cards, you’re hurting your business. Period. It’s time to do away with the “cash only” way of doing things now.
“The simple act of accepting credit card payments can give a significant boost to your business,” writes Anita Campbell on SmallBizTrends.com. She lists an overall increase in sales as the number one advantage that merchants will gain once they begin accepting plastic. Campbell insists that business owners who aren’t accepting credit cards are simply missing out. The statistics prove it.
“Research shows that sales can double or even triple versus current sales (when credit cards are accepted),” she reveals, “One survey, sponsored by Intuit, found that 83% of small businesses that accepted credit cards saw increased sales. Fifty-two percent of those surveyed made at least $1,000 more a month and 18% made at least $20,000 more a month.”
So why don’t all merchants accept credit cards? Certainly, some are just so used to their traditional ways of doing business that they’re afraid to accept change. Others, however, likely believe that the fees for accepting credit cards are too high and, therefore, wish to avoid paying them. However, as TJ Cue explains on Forbes.com, the benefits of accepting credit cards far outweigh the costs.
“The argument I hear from most merchants is that it is too expensive to accept credit cards,” he writes, “The benefits of accepting credit and debit cards far outweigh the cost. The various studies show that when people are given more payment options (beyond cash); they are more likely to make impulse purchases, join loyalty programs, and spend more per purchase – and that can only help your business to grow.”
At Canadian POS Corporation, we like to offer Canadian merchants the best of both worlds – the opportunity to reap the benefits of credit card acceptance while enjoying the most affordable rates in our industry! If you have any questions about the POS terminals we have available, please don’t hesitate to call us and ask them. Be sure to inquire about both our Countertop and Wireless options.
For more information, call Canadian POS Corporation at 1-877-748-2884 or email us at info@localhost. Happy new year!