Accepting credit cards
For example, your company is successfully invoicing your customers; you may be put off by the costs of accepting credit cards, which take a percentage of all your sales.
Avoiding potential loss from non-payment can quickly make up for the expense. Plus, you will no longer have to spend staff time issuing late invoice notices or wait 1, 2 or even 3 months for invoices to be paid. Accepting credit cards allow funds to be transferrered to your bank account in some days. This can be a welcome relief for businesses that experience a tight cash flow.
If you are selling to consumers, accepting credit cards will allow you to expand your customer base and provide a more convenient method of payment than cash or checks. Let’s imagine you are interested in selling over the Internet, accepting credit cards is a must. It is possible to accept credit cards over the Internet without establishing your own merchant account.
Third party merchants like Pay Pal can accept credit cards on your behalf, without requiring a credit check. But anyway, they typically batch your money into regularly scheduled payments, negating the advantage of quick turnaround. In addition to all, their rates tend to be higher - significantly higher, in some cases - and they can make your business seem like a small-time operation.
Not every company needs to accept credit cards. If your per order cost is typically in the thousands of dollars and your customer base is stable or subject to credit checks, you may find it cheaper to continue invoicing your customers. I advice you to pay attention on it. 