List Of Why Credit Card Machines Are Preferred Over Cash
Jan 09, 2017
Today’s culture gravitates toward convenience. People want to make everything simpler, including paying for goods and services. That means that many of us prefer using credit cards instead of cash.
Increased SpendingIn addition to offering convenience for your consumers, providing the opportunity to pay by credit card can result in increased spending and more revenue into your bank account. Take into consideration that the average cash purchase comes to roughly $17, across all industries. The typical credit card purchase, also across all industries, is about $66. This means that credit card-paying customers spend approximately 2-½ times more money than cash-paying customers!Credit Card Machines Means More Frequent PurchasesImagine yourself as a customer with the ability to pay with a credit card for nearly anything you want. You might make those purchases you wouldn’t otherwise, since you wouldn’t have to make a trip to the ATM or evaluate if your checking account had enough money in it. With a credit card processing machine, you give your customers more options for purchasing goods and services on the spot.Extra Purchases