Why Accept Credit Cards?
The list below shows only a few reasons
to accept credit cards. Statistics show a dramatic increase
in revenue and sales when a business offers credit payment
options. Simply put, more customers will spend more money
when they can pay by credit card.
1. It will boost your
sales
2. Accepting credit cards
is becoming a must for entrepreneurs and small businesses
3. The average American
cardholder has roughly four bank credit cards.
4. Credit card purchase
volume has been expanding about 15% per year for the last
five years, or three times faster than the increase in overall
U.S. purchases.
5. As of 2005 credit cards
accounted for 19% of all purchases, debit cards for 33%, and
checks for only 11%.
6. According to one estimate,
businesses lose up to 80% of consumer impulse buys if they
don't accept credit cards.
You can start accepting credit cards by
completing our simple online
application.
Why People Use Credit Cards:
To understand the growth in credit
card use, it's important to grasp the reasons for their popularity.
Consumers typically use cards because:
- They don't want to carry cash
- They want to save cash in hand
- They want to gain loyalty points (such
as airline miles)
- They are making a large purchase
- They are looking to float money in a
bank account
- They are making a reimbursable purchase
for a company
Even as credit card use grows in the real
world, plastic already dominates the world of Web
shopping. This breakdown of how people pay for online
purchases demonstrates that credit cards are the key to e-commerce:
- Credit card online — 85%
- Check mailed — 10%
- Credit card via phone — 2%
- Credit card via mail — 1%
- Other method — 2%
Paying with plastic is becoming
increasingly popular for even routine bills such as gas and
electricity. And younger customers' preference for
plastic cards is even more pronounced. Check and paper credit
use has continued to fall as consumers become more comfortable
with the security of online
credit card submissions.
Cardservice International provides the expertise and reliability
to enable merchants to accept credit cards, ATM/debit cards
and checks. CSI provides a one-stop shop for all types of
transaction processing.
We offer merchants competitive pricing, customer service 24
hours a day, 7 days a week, in 140 languages and dialects,
and one of the largest credit card fraud, loss prevention
and chargeback departments in the industry.
You can get your own merchant account by
using our simple online 3-step application. Click
here to apply.

