Small Business Trends Radio

Why Your Business Should Accept Credit Cards

Propay Every business should accept credit cards.

Our featured guest in this episode of Small Business Trends Radio is Samuel Peery, Vice President of Marketing, ProPay Inc. ProPay is an online service that allows you to accept credit cards for online AND offline sales. If you are not familiar with merchant accounts or have never had to choose one before, it can be overwhelming.

This show explains the benefits of, and what to look for when choosing, a merchant account:

  • Don’t turn away sales — or risk losing sales as a result of not offering your customers the choice of paying with credit cards. Some customers may decide not to buy if they can’t pay with a credit card — especially bigger ticket orders.
  • Accepting credit cards helps your business appear more professional. — Even if you have no website or have a home-based business by accepting credit cards your business can seem more established Propayand legitimate.
  • Service-oriented businesses can benefit — by simplifying collections and increasing cash flow. Lawyers, accountants, consultants — all can cut down collections headaches and get paid faster. Statistics show that 24% of accounts receivables are 90 days old or more. This number can be as high as 75%. By accepting credit cards, you immediately solve an aging receivables problem and get your money much faster.
  • Increased customer service is one benefit — to both retail and service oriented businesses from accepting credit cards. Convenience, speed, electronic records – these are all benefits of accepting credit card payments and providing superior customer service.
  • Retail businesses can increase sales — by accepting credit cards. Statistics show that the average credit card order is 3 to 4 times larger than the average check or cash order. Accepting credit cards as a form of payment can increase sales anywhere from 40% to 400%.

About ProPay, Inc.

Founded in 1997 as a payment services company, ProPay introduced its Internet payment systems in May 2000. ProPay is a privately held company headquartered in Orem, Utah. ProPay is part of the Better Business Bureau (BBB) Online Reliability and Privacy Programs.

ProPay is a leading processor in the Direct Selling Industry and is a member of the Direct Selling Association (DSA). ProPay was awarded the DSA Partnership Award in 2003 and has successful partnerships with such billion dollar companies as Mary Kay, Nu Skin, and Herbalife.

ProPay gives you the ability to accept your customer’s credit cards. No special equipment is required to use ProPay and there are no complicated contracts or commitments. Users can process cards over the internet or, for mobile transactions, using any touch-tone telephone, including cell phones, with ProPay‚Äôs “Push to Pay” functionality.

By partnering with leading Internet and credit card processing firms, ProPay has increased the accessibility and versatility of its services. Additionally, ProPay ensures security with its proprietary risk management software, which also significantly reduces the underwriting requirements for accepting credit cards.

For more about ProPay, visit ProPay, Inc.

Recorded: June 19, 2007 ——————————-Duration: 53:27 minutes

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Small Business Trends LLC, 2007

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