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.
National Funding, a private lender of small business loans, recently found that more than 25% of small business owners expect better holiday season sales this year, compated to 2013. In the survey, 88% of small business owners said they have a neutral to positive outlook on the holiday season this year. This is a result of the increase in consumer confidence and the improvement in the economy, according to National Funding.