5 Reasons Why Accepting Card Payments is Essential for Your Business

Are you considering upgrading to a new card payment solution for your business? Accepting card payments offers several benefits that can help you grow and expand your business. Here are five reasons why accepting card payments is a smart move for your business:

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‍More Sales

‍According to a survey by the UK Cards Association, businesses that accept card payments can increase their sales by up to 40%. Customers find card payments to be more convenient and are more likely to make impulse purchases when they have this option available. By providing card payments, you can attract more customers and increase sales.

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Improved Cash Flow

‍Accepting card payments provides a fast and efficient way to receive payments, which can help improve your cash flow. According to a survey by JP Morgan, businesses that accept card payments receive payments up to 10 times faster than those that don't. With funds typically deposited into your bank account within 24-48 hours, you can avoid the inconvenience of waiting for checks to clear or handling cash.

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Better Customer Satisfaction

‍Customers appreciate the convenience of paying with their cards, which can lead to increased customer satisfaction. According to a survey by Visa, 83% of consumers in the UK prefer to pay with cards, and 55% would choose not to shop at a business that doesn't accept card payments. By offering card payments, you can meet your customers' expectations and improve their overall experience with your business.

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Increased Security

‍Accepting card payments can increase the security of your business. Card payments are encrypted and protected by advanced security measures, reducing the risk of theft or fraud.

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Simplified Record Keeping

‍Accepting card payments provides an accurate record of every transaction, making it easier to keep track of your business's finances. This can help you make informed business decisions and improve your record-keeping processes. According to a survey by Square, 94% of businesses that accept card payments use the data to inform their business decisions.

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If you're looking to upgrade to a card payment solution that's tailored to your business needs, Specialist Payments can help. We offer bespoke solutions that can help you optimise your payment processing and increase efficiency. Contact Specialist Payments today to get a quote and take your business to the next level.

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Get an instant quote here and join thousands of other happy customers.

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