The Best Advice on Businesses I’ve found

Why Should You Accept Credit Card Payments?

If you have an online business, the most important thing is to be able to offer your customers the convenience of paying for their purchases. There are now millions of transactions happening each day and it has become a global trend. And now there are many ways by which a customer can pay for a product. It used to only be credit cards that were accepted as payment methods before but now there are websites such as PayPal and other that offer payment solutions and have also become very popular. You can also find online stores today that only accept e-wallet payments and you are not given the option to use your credit card. Credit card payment is still the preferred payment methods for most online customers.

Why do customer prefer credit card payment over other payment methods?

The first reason is that there is no need to resister anywhere. With credit cards you don’t have to set up any account before you can use it to pay for your goods.

Using credit card to pay for your goods is fast and convenient. It can be processed within second once your customer enters credit card details on the checkout page. There is an instant accept or decline message instantly. Payment with credit card will have your order shipped immediately after the payment because the funds are deposited instantly to the vendors merchant account.

Today, credit card companies offer a better protection from fraud and you are able to chargeback a company for a wrong merchandise. When customers but online they feel safe ordering a product with credit card payments because there is increased protection.

The special Verified by Visa and MasterCArd Secure Code program have additional security layers for all card purchases. With the implementation of this feature customers will only be asked for a password during the purchase. This assures that only the card holder uses the card so that order is safe. When they order products, customers feel safe. If this feature works on your website then it will bring you more sales. and you will be protected from possible chargebacks.

If you use your credit card often, banks usually offer reward points. In the long run your points will bring you are lot of benefits. So this is the reason why they want to use their credit cards more.

Customer have a credit card limits which they can use to pay for the goods. So, even if they don’t have enough funds in the bank, they can still purchase up to the limit. Business sales can increase because of this.

If you are selling products online then you reach international customers. if they buy your products then using their credit card would be their best option than any other payment method.

Source: http://infinigeek.com/launching-an-ecommerce-online-store/