Don’t Lose Customers Because You Don’t Accept Visa/MC!
Gain Corporate Accounts!
No More Fees for Accepting Credit Cards! (credit card surcharge)
Typical overhead for any business includes lease, staffing, licensing, and, of course, credit card fees.. Until now. That fee that used to show up on your bill at the end of month is now a surcharge, just like with the $1.50 debit surcharge, except that it’s a percentage of the purchase. The customer pays it instead of you.
As of October 6, 2022, Merchants are permitted to apply a fee on Visa/MC credit card purchases. This means that any taxi cab driver/store owner, etc. with the right technology can accept Visa/MC without seeing a bill for the charges at the end of the month.
Rather, the customer pays the fee (convenience charge) at the time of purchase as they would with debit.
Another benefit to accepting credit cards is legitimacy and trustworthiness. The public knows that if they aren’t satisfied with your product or service, they can call the credit card company and reverse the charge-something that isn’t possible with cash or debit. It shows that you have faith in your company and that your customers should too!
Credit card purchases can be easily made without emotion, paid later, in instalments. Many of these are unnecessary, on a whim purchases that might not otherwise be made.
If your sales are as little as $30,000 you are already paying at least $720 in credit card fees each year, and if you aren’t accepting credit cards, you are losing hundreds, if not thousands of dollars in sales each month. Take advantage of this new opportunity- jump on board before everyone else finds out about it and levels the playing field!