Anyone doing business on
Internet must accept credit cards. Your success depends on it. 99% of all transactions online are made using credit cards. If you don't accept credit cards as a form of payment, you'll not only be missing out on a huge windfall, you'll also be setting yourself up to fail.Accepting credit cards offers your customers convenience, while projecting an image of reliability, credibility, and professionalism. It says to
world that
banking establishment has put its trust in you, and recognizes you as a responsible entrepreneur. In many people's eyes, if you're good enough for
bank, then you're good enough for them.
By accepting credit cards you will be able to cater to two specific types of customers: impulse buyers and international customers. Each has their own motivations and goals, but both are looking for
same thing: a way to make extra money, just like everyone else. Whoever or wherever your customers are, your immediate goal should be to get them to buy now.
It is a proven fact that people purchase more with credit, online or off. Money is easier to spend using credit, since you don't have to pay for it right away. Customers like
fact that they can buy today and pay tomorrow. As
old expression goes, out of sight out of mind.
Remember, web surfers want instant gratification. That means paying online with a credit card and instantly receiving their merchandise. No waiting around. That's what
Internet is all about, and that's what makes it so powerful. But you have to accept credit cards to take advantage of all it has to offer.
It is much easier to accept credit cards than most people think. It was true a few years ago, that most entrepreneurs were turned down by
bank when they applied for
means to accept credit card payments, but all that's changed thanks to
Internet.
The most dramatic change has been
relaxing of strict banking rules regulating an entrepreneur's ability to accept credit card payments. The privilege that was once exclusively reserved for "brick & mortar" businesses is now available to everyone.
Why
sudden change in banking restrictions? The reason is simple. When
banking industry saw
true potential of
Internet, they realized how much money they would be losing if they restricted credit card access to Internet merchants simply because they didn't have a physical storefront. Their web page is their storefront.