Get to Know the Benefits of Using Credit Card Machines for Your Business!
The business sector is growing more and more competitive each day. In the United Kingdom, over 5.9 million small and medium-sized enterprises (SMEs) were recorded, making up 99.9% of the total business population.
In addition, about 9% of these SMEs are in the wholesale and retail trade industry. That means that most (if not all) of these small businesses make use of card machines as a way to accept payments.
Why are the best card payment machines so popular in the UK? It may have something to do with their convenience or the fact that they are easily accessible. No matter what the case, card machines offer numerous advantages — especially for small and medium-sized enterprises.
Get to know the benefits of using the best card payment machines for your business here:
1. They help increase your sales.
Establishments that offer payment options aside from the usual cash transactions are more likely to have better sales. Around 18% of people spend more when using debit and credit cards over cash, according to a study by Dun & Bradstreet. In fact, 2017 saw more than 80% of consumers make spontaneous purchases just from using cards alone.
Instead of turning away customers because you only accept cash, invest in a reliable card payment machine to drive higher sales, increasing your profits in the long run.
2. They allow you to improve your customer service.
Each type of business requires a different type of card payment machine to offer the best service. For instance, food establishments will surely find portable devices more useful than stationary card terminals. Meanwhile, retail stores are the opposite — it’s better for staff to take payments right at the counter.
3. They are highly secure.
Handling cash is risky, both for the customer and the merchant. Plus, it can be quite frustrating when the customers realise that they don’t have enough cash on hand to pay for an item.
On the other hand, a credit card is more convenient for the consumer — no more stuffed wallets and loose change. And there’s no worry of the customer not having enough money as well.
It’s time for you to keep up with the competition and invest in the best card payment machines available today. Make sure to compare the different devices with a reliable online comparison tool to make the most out of your investment!
About the Author:
Compare Card Processing Ltd offers a platform to compare card readers available in the UK and finding the cheapest card machine for your business, credit card terminal providers in the UK.
