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There are several benefits to obtaining a merchant account to process credit card payments to your customers. Among them are quicker payment, providing payment options and consumer protections to your customers, reduced cash- and check-handling, and credibility for your business.
Quick Payment
By accepting credit card payments, you can be assured you will receive your money deposited directly into your bank account within one to three business days.
Variety of Payment Options
Accepting credit cards offers your customers a greater variety of payment options. They can finance their purchases, delay when they need to pay for their purchases, or earn points, miles or other rewards for their purchases.
Reduced Cash- and Check-Handling
Since your merchant-account service provider takes care of collecting and depositing your funds directly into your account, you have less to worry about handling cash and check deposits at your bank.
Consumer Protections
Credit cards often offer consumer protections such as loss of an item purchased due to theft or damage.
Added Credibility
Brands such as credit card companies Visa, MasterCard, Discover and American Express convey stability and reliability to consumers. Aligning yourself with these powerful brands lends credibility to your business.
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