by 
The Curious Bag
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Now that we live in the age of plastic, businesses who do not accept credit cards may be hurting their potential earnings growth.
How it Works
For a business to accept credit cards, they must be certified with a Merchant Status from several banks.
Potential Earnings
Businesses should accept all credit cards. Many consumers shuffle three or four cards near the limit and you want them to use their card at your establishment. Earning potential can be up to 50 percent greater for those who accept credit cards.
The Cost
It could cost as much as $300 for the credit card software and then credit card companies can still charge as much as 15 percent via third parties. There can also be a transaction fee of either 25 or 50 cents each.
Those Who Don't Accept
Businesses who don't accept cards have to decide to bill the consumer or cancel the purchase. This choice means turning away earning potential or trying to collect a debt at a later time.
Cost to the Consumer
Businesses that won't pay for customers to use credit cards can pass the cost on to the consumer. Whether it is better for a business to accept credit cards or not depends on whether there is an earning potential.
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