5 Reasons to Accept Credit and Debit Cards

5 Reasons to Accept Credit and Debit Cards

Building a successful business in today’s challenging economy means you need to optimize every single opportunity. We understand how hard you work to provide top-notch value and best-in-class service to your customers, but are you giving them the most convenient payment options? Here’s why you should consider accepting credit and debit cards.

1) Your customers expect choice

More Canadians than ever are choosing the convenience of credit and debit card payment, and many consumers prefer to use cards to build points toward rewards. Savvy consumers have come to expect the newest and most reliable technology from the businesses they frequent. Accepting their credit and debit card payments makes your customers’ day a little bit easier, and allows them to make the most of their card reward programs. That goes a long way towards ensuring that they come back.

In today’s market, not being able to offer credit and debit is not only poor customer service, it just is not good business."

Darren, Moneris customer and Vice President of a Pet Supply Store

2) Your competitors accept credit and debit cards

Providing the latest in electronic payment technology can give you the competitive edge you need to attract new customers to your business.

3) Your business will be enhanced

Research shows that accepting credit cards can increase revenue by as much as 23 per cent. Offering more payment options makes your products and service available to a broader client base. For example, customers who may not have cash on hand will be able to make purchases they may otherwise have passed up.

4) Accepting credit and debit cards makes your business more efficient

We have all been stuck behind the person at the check-out who seems to take forever to count out their exact change. With the convenience of debit and credit card payment, there is no waiting for customers to count cash.

Our cashiers immediately noticed faster transaction times with the new point-of-sale terminals - When you have a history of dealing with line-ups and impatient customers, cashiers are quick to notice the move from a five second transaction time to a three second time.”

Dave, Senior Accountant for a Gardening Centre

Accepting credit and debit cards also reduces errors on cash handling and facilitates a quicker and easier consolidation at the end of the day.

5) It’s easy to get started

Consider Moneris your one-stop solution for all of your payment processing needs. Partnering with Moneris enables you to accept all major payment options, including Visa®, MasterCard®, American Express®, Discover®, and Interac®. We will work with you every step of the way to determine the technology, tools, and services that best suit your needs. Find out more about how we can help keep you and your business a step ahead of the competition.