Accepting Credit Cards
Travellers are using their credit cards or debit cards more than ever, paying for everything from their travel reservations, vacations and leisure. If you run a travel business or hotel and resorts reservations without accepting credit cards, you could be turning a way a large number of potential travellers.
Accepting credit cards online helps you expand your customer base by providing a convenient method for customers to pay for travel services. Rather than having to fish through their wallets for cash or taking the time to write checks, going to the bank for wire remittance, customers can get their credit card, pay online, and quickly complete the transaction.
In addition to the convenience factor, accepting credit cards can also lead to increased in sales. Travellers are more likely to spend more with credit cards because they're flexible – credit card users can draw from credit balances or available checking account funds rather than carrying around large amounts of cash.
So why isn’t everyone accepting credit cards?
There are a few reasons businesses may be hesitant to accept credit card payments:
* Credit Card Fraud – Fear they’ll be left holding the bill if a credit card owner reports the card lostm stolen or disputes certain charges.
* Initial expense – Businesses either have to buy a credit card terminal or special software (for mail order and Internet transactions) which can cost several hundred dollars.
* Ongoing fees – Businesses must pay a credit card payment provider a percentage of all sales processed, a fee for each transaction, and possible monthly minimums.
While all of these are valid concerns, they shouldn’t prevent you from accepting credit cards. First, credit card companies work closely with credit card merchants to alert you if a card is lost or stolen, so you don’t process fraudulent transactions. Also, you can reduce the chances of chargebacks if you take precautions like asking to see photo ID or checking the signatures on the back of the card.
Philippines Credit Card Payment Solutions
- provides personalize service, consultancy and assistance to filipino entrepreneurs who want to succeed on their Internet business by accepting credit cards online.
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