Isn't it time for you to accept Master Card credit card payments? Think of all the places where you shop and how you, as well as other customers, generally pay for things. Isn't it true that a majority of transactions are made with plastic credit cards? If you do not provide this payment option to your customers, they just may find another vendor who will. E-commerce has advanced into the 21st century. If you don't hurry up, you could be left behind and lose the support of clients who are keeping pace with the technological movement.
Why should you accept MasterCard credit card payments? Because customers expect it. The average consumer owns four credit cards and carries a monthly balance of over $1,000. People enjoy the convenience of paying for gasoline at the pump rather than going inside. They want to pull out a card in the fast food drive-through instead of rooting in their wallets for the correct bills and change. No one enjoys paying monthly ATM user fees or stopping by the bank to withdraw cash before going shopping. It is much easier for most of us to pay with plastic and then write a check for the monthly account statement. As more businesses adopt this payment method for a variety of products and services, you may find that you will lose customers to vendors who provide this service, thereby depleting your client base and shriveling your revenues.
Failing to accept MasterCard credit card payments means that some customers will consider your business obsolete. It also means you could end up losing money trying to manage the added functions of tracking bounced checks and making change for cash-only customers. You will have to keep a cashier on hand to manage payments, which will add to your human resource costs and chip away at profits. Let's face it. Few of us go anywhere without a MasterCard or Visa card these days, even if it's just to the convenience store or video rental shop. Some people prefer to use cash but take along a credit card, "just in case" they decide to make a spontaneous purchase. Isn't that what all vendors live for--to see customers make that unplanned purchase and thus drive up the profit margin?
When you open a merchant account to accept MasterCard credit card payments, you are expanding your business exponentially. An on-site credit processor will make your local customers happy, and they probably will end up spending more than if they were restricted to paying by cash. Providing digital or wireless credit payment services increases the ways in which remote destination customers can link to your company and buy with a credit card. Establishing a Web presence and letting customers around the world pay by credit card online removes any limits from your sales capacity.
Don't let your competitors steal your customers when they accept credit card payments ahead of you. Find out how you can open a merchant account and get set up to accept Master Card credit card payments.