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Tuesday, January 19, 2010

Why you need to accept debit cards

With the current economic downturn, many consumers are shifting their choice of payment method to debit cards from credit cards. Consumers are using them at a faster rate than cash sales. Convenience seems to be the key now.
If you are a merchant and do not accept debit cards at your place of business, you are missing out on potential customers and possible cost savings. Pin based debit transactions are only charged to you at a flat rate and not a percentage. Depending on your average sale, this flat rate can be much cheaper than the typical discount rate charged for credit card transactions. This can amount to tremendous savings to your bottom line.
If you do not accept pin based debit now, make sure that you contact your current merchant service provider to add the capability or you can contact us at 800-255-0898.

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