Let’s face it, we live in a nearly cashless society and that will affect the way you do business. The cash-only business is fast becoming the dinosaur of the retail space, and accepting credit cards is nearly a requirement in today’s business climate. So what are the pros of accepting credit cards at your business? We at PayAnywhere have put together a short list explaining the benefits of accepting cards – both credit and debit – at your business.
For some small businesses, it might be hard to see the benefits of accepting credit cards – especially if they’ve been a cash only business since opening. However, there is a big downside to being cash only and you could really be limiting the customers you bring in.
As business owners, we know you’re busy and time is precious. That’s why we are here to help you keep track of interchange rate changes. If you are wondering, “what is an interchange rate?” then read on for a quick explanation of interchange rates and how they work. As a PayAnywhere Storefront merchant, you will be notified of any changes at the bottom of your monthly statement.
It can be difficult and overwhelming when trying to select a point of sale (POS) system for your business, especially when there are so many options available that make similar claims and offer comparable rates. Identifying features that are key to your business and watching out for hidden fees is critical.