Did you know that First Citizens has the ability to help your business accept credit and debit cards? No matter the type of business you have, there is no doubt that accepting card payments will increase sales and generally produce positive results for the business. It’s important as a business to keep up-to-date with the latest trends in consumer and online payments, and accepting credit card payments is one of the easiest and basic things you can do to stay competitive.

Accepting credit cards has numerous benefits for your business. Here are our Top 5 favorites:

  1. Reduce Check Loss
    When customers pay by debit card instead of check, funds are pulled directly from their accounts. If the money isn't there, the transaction is declined. You no longer will be wasting time tracking down customers or money over bounced checks.
     
  2. Increase Cash Flow
    Your business benefits by having the proceeds from payment card transactions deposited quickly in your bank account. No more waiting for checks to clear, or sending out time consuming invoices and waiting for payment. You will typically get your money to you within 48 hours of the sale.
     
  3. Improve convenience for your customers

    Many customers prefer to pay with plastic. Paying with a card offers a far more streamlined experience than needing to dig change out of their pockets or fill out a check. Many cards offer points, mileage, or rewards that further encourage the cardholder to use their credit cards whenever making a purchase.
     
  4. Expand your customer base

    Credit cards are considered a form of global currency. If you operate online, the entire world can be your marketplace. Accepting credit cards ensures you have no limitations. When a customer sees that you accept credit cards, it means that your business is more established and trustworthy.
     
  5. Create a Transaction History

    Credit card processing offers an official record of transactions and reduces duplicate accounting effort, making reconciliation, tax preparation, and other business tasks easier. The transaction history can also be helpful if you want to conduct an analysis of holiday sales or other metrics.

Let First Citizens help grow your business! We offer a full line of credit card processing options from a traditional machine to online payment acceptance. Contact Tiffany Nonnweiler via email or call her direct line at 641-380-3315 today to discuss options that best fit your business's needs.