Payment Systems

Cash & Cards

April 5, 2024

Is your business ready to accept all forms of payment?

Of course you can still just use cash to conduct business.

Or wire transfers

Or cashier’s checks

But why?

Something to hide? You shouldn’t be reading this anyway.

Cost you say…

Popular and reputable payment systems follow industry standards in regards to security and help you to further legitimize your business transactions & adds to the convenience of your potential customers.

Sure, there are plenty of people who still carry cash, and some businesses would rather not deal with the headache of adjusting the prices of their products to accommodate the transaction fees of modern payment systems.

Studies show, customers are willing to pay for convenience. Your customers will want products and services that:

• saves them time

• removes friction from their lives

• simplifies decision-making through trust

 As time goes on, innovation occurs, and consumers evolve the one tried and true transaction that does not change is the exchange of money from an individual for a service or product.

No matter the country a business is in, the one that makes exchanging resources, services or products for money the most convenient for consumers, wins.

Okay, so you don’t trust systems that connect directly to your bank account? Do not allow your fear or a bad experience take more money from you. Learn from the mistakes and keep it moving.

Reputable payment processing platforms safeguard you, your customers and your resources.

If you still have further concerns, get the payment processors on the phone and interview them to better understand how they’ll work for your organization.

After-all if you do business with a payment processor you are hiring them to perform a service and to complement your customers service experience.

This is not an exhaustive list or an endorsement, but some popular payment systems are:

• Authorize.net

• Clover

• Elavon

• Helcim

• Shopify

• Square