How do sellers benefit from allowing their customers to use

How do sellers benefit from allowing their customers to use credit cards?

Solution

Sellers can get the benefit by allowing customers to use credit cards in following ways-

1. Help to increase sales:

The main reason for offering the credit card is to increase the sales because customers buy more when they don\'t have to pay cash on spot. Customers don\'t want to carry huge amount of cash while shopping so they likely to use credit cards for no fraud guarantee and reward points. So customers likely to buy more which lead to increase sales.

2. Time saving

Accepting credit card payments save a lot of time in online business. Payments are more authorised rather than money order and cheques which take time to clear. It has positive effect on cash flow. Sellers will always get benefits from the convenience of credit card profit which is delivered to bank account instantly.

3. Legitimacy

By allowing transaction from credit card will always help to establish reputation in the industry. Customers will be more satisfied and pleased with your services which will help to grow business quickly. It will create a positive image on the business and clients as well. It will give seller a level of legitimacy and Also help in maintaining trust with your customers.

4. Easy sells

Generally customers don\'t like to waste their precious time while shopping they always want to complete their transactions immediately. Credit card facility will help to achieve this. Customers who use credit cards are likely to purchase more and will look positively to your business. This is attract more customers for the reliable services of your business.

5. Competitive edge

Offering credit card payments will always give a competitive edge. Customers will feel good with your respect and trusting them. By allowing credit card customers will always return to you whenever they pay their outstanding balance because you have maintained relationship with them.