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faux saint laurent bag was founded with the intention of helping people worldwide discover their unique heritage Running a small business means keeping a tight handle on cash flow. One way to facilitate the movement of money in and out of your business is to expand your payment options to include credit cards.
Allowing your customers to pay with credit cards can yield a number of advantages for your business that could lead to greater growth. According to the National Federation of Independent Business, there are many benefits to accepting credit cards.1
Improving cash flow, since it can speed up payment times and reduce delays
Potentially boosting sales volume, since your customers will have more ways to pay
That trend may continue if demand for contactless and/or digital payments also rises. As a result of the 2020 economic crisis, for instance, 64% of small businesses said they were trying to steer clients away from using cash and checks in favor of digital payments, such as credit cards.3 Credit cards could become an even more common payment method as Americans move a greater portion of their transactions online-even when buying from brick-and-mortar businesses, such as local restaurants offering delivery services or stores with curbside pickup.
You run a brick-and-mortar business
If you decide to accept credit card payments, federal law requires that you verify that those payments are authorized by the customer before processing them. That is typically done behind the scenes, and virtually instantaneously, by a payment processing service.4
Using Credit Cards Safely: Tips for Small Businesses
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The transition is also set to take place in New Jersey later this summer.
Hard Rock Sportsbook was previously operational for just over a month in Florida in late 2021 before being shut down by the state.
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Dwyane Wade (3), Shaquille O'Neal (1), and LeBron James (2) have all contributed to NBA championship success.
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