Headline News: Affecting All US Business Owners Accepting Credit Cards!

Credit Card Use is the Way of the Future

Can your business survive without the ability to accept credit cards? While you might “get by” today, unfortunately, the future doesn’t look so bright for small businesses that don’t accept credit cards.

Consumers today are using credit cards more than ever before. And while plastic seems to be the way of the present, it just might be the way of the future. Market research predicts that credit card use is not only growing, but will become the payment of choice for consumers in the future both in the real world and online. According to recent data from Javelin Strategy & Research, online credit card use will increase a whopping 63 percent from 2011 to 2016, compared to a 2 percent increase in debit card use.

Plastic is dominating the shopping industry, both in the real world and online. Consumers prefer using credit cards because they rather not carry cash, they can gain loyalty points, they can purchase large ticket items (such as electronics and home appliances) and they can keep more money in the bank.

This means that merchants who want to survive in the business environment of the future will need to have the ability to process credit cards online, and in their stores.   However, selecting a merchant account provider is not easy. This is why Total Merchant Services is dedicated to providing merchants with the lowest rates in the industry. Speak to a representative about our customizable payment solutions. We can help you find the best merchant credit card terminal for your type of business.

10 Comments

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