How can I enable card processing on my market stall?
This is a great question and if you’re asking it you could very well be on the way to growing your profits significantly. Today there are still a surprising number of traders on the outdoor markets who are unable to process debit and credit cards. Market stall traders have existed for centuries and have generally always got by with the exchange of cash and products, bartering and bargaining away to make their living. However, nowadays the market stall holder should consider that times are changing and their customers want to purchase things in different ways. The answer of course is that you need to acquire a debit card processing machine to accept debit and credit card payments. How can I use a debit card processing machine when I can’t plug it in? It’s...
Credit Card processing for your restaurant
There is always a hundred things that you have to do if you set up a restaurant from scratch, you know this already, but have you taken into consideration how you might go about processing card payments? We know that it’s just a different thing to stress about, and it may even be rather low on your list, but it is absolutely something that should be thought about. Why must I process credit cards in my restaurant? Many people go out for an evening and carry cash with them; this is true, particularly if they do know where they’re going and who’s going to be going with them. Nevertheless, there are many occasions when a client may not know that they are going to eat out. This might possibly be for a number of reasons: they may have broken down in their...
It’s good to switch your credit card processing company
We have learned that SMEs who study and evaluate their expenses do much better. Now this may not come as any surprise to you, but it is surprising how many small businesses fail to examine these things on a frequent basis. Several businesses get larger and workloads end up being greater, and this is all really good news, but if you actually stop for a moment and check exactly what your company is spending you could potentially boost your profits substantially more. Check your card processing provider An area you want to concentrate on is card processing fees. This is too often a factor in almost every company that merely gets sidestepped because it’s viewed as insignificant; as long as the payments are arriving and they’re on time without any trouble,...
Cash Processing VS Credit Card Processing
This is the ongoing debate at the moment, and since The British Retail Consortium (BRC) brought out their report detailing the fees associated with debit and credit card processing, and the fees attached to cash payment processing, there has been a lot of contention about whether or not the banks should reduce these merchant fees. Because there are three main ways of paying these days (Cash, Credit Card and Debit Card) there is little point in evaluating the costs for cheques and store cards etc; according to the BRC cheques amount for less than 1% of transactions at the moment and this will soon be zero as retailers become more selective. If groups like The Payments Council want to streamline the retail payment processing industry then they will have to consider...