No thanks, stay here.  

  We notice you are visiting from a U.S. Internet provider. Switch to our U.S. website.

Industry News

Accepting credit cards can help with cash flow concerns

By Pivotal Payments

18/09/2009 - Despite the recent upbeat economic news, many small businesses are continuing to struggle through the recession, causing cash flow concerns to remain prevalent.

In a trend that is likely not confined to the United States, a recent survey of small business owners from American Express OPEN found that, despite increased optimism levels, 60 percent of businesses are currently experiencing cash flow issues. This is compared to 55 percent last year and 57 percent in the spring.

To remedy this issue, 13 percent of small business owners are using business or personal credit cards to fund their operations - the second most popular resource, after bank loans.

Companies that have primarily business-to-business operations are therefore encouraged to accept credit cards, or else they may lose the business of clients who prefer to pay by credit card.

In addition, for businesses that are having cash flow issues themselves, accepting credit cards can be an effective way to improve this problem - studies have shown that customers paying with credit cards tend to spend more per purchase, and the business does not have to wait for a check to clear to receive the money from the sale.ADNFCR-2514-ID-19369308-ADNFCR

Related News - Credit Card Processing

Canadian Tire reports profit increase

11/05/2012

Canadian Tire, one of the country's largest retailers, recently reported strong gains in revenue and same-store sales for the first quarter, according to Reuters.

Full Article

Mother's Day gifts expected to drive consumer spending

07/05/2012

According to the Bank of Montreal's (BMO) 2012 Mother's Day Survey, 73 percent of consumers plan on buying gifts for their mother's this year, driving sales at retailers' and restaurants' point-of-sale terminals.

Full Article

Tips for businesses to encourage payment processing

07/05/2012

Return policies are actually quite problematic for merchants, especially those selling products and services online, according to Internet Retailer.

Full Article

Payment processing on the rise, cash use drops

04/05/2012

It seems that customers are seamlessly making the transition from cash to cards for payment processing, as both Visa and MasterCard announced increased earnings during the first quarter.

Full Article