Higher Credit Card Usage
This article, 7 Lame Reasons Why People Spend More Than They Make is a good example of why credit card acceptance is important for your business because of people’s spending habits. Most Consumers spend more than they make and want things that they shouldn’t be spending money on. In this day and age, businesses that don’t have bank or credit card acceptance will not have as much volume as a competitor’s business who does. It’s not worth trying to save a few hundred a month for a processing service to lose out on thousands of dollars in increased sales. Besides, with a good accountant, who understands business tax deductions, you won’t lose your cash, just your monthly cashflow for the amount of the processing service that you use.