Getting everything rolling with a PayPal merchant account might appear to be intimidating, but when you find the right merchant account provider, it's a simple process with important advantages.
1. Increase revenue: Just about every adult customer has some type of credit or debit card, decreasing the need to carry cash. While the average cash transaction is $22, the average non-cash transaction is $112. As clients are bound to utilize their credit cards to make huge or impulse buys — or any buy, besides — the ability to accept and process a wide variety of significant credit and debit cards can assist your business with expanding sales.
2. Further develop cash flow: With credit and debit cards, authorizations require seconds and funding occurs within 1-2 work days. This isn't generally the situation if you solely invoice your clients and stand by to be paid by check. The process could take 30+ days once you consider the time it takes to make the roundtrip through "snail mail" and wait for the check to clear the bank.
3. Gain consumer loyalty: Today's customers appreciate flexibility. Providing your clients with a few choices for payment, including checks, cash, gift vouchers, credit cards, and debit cards, gives them unlimited authority over how they spend their cash with a PayPal merchant account. Keep your clients satisfied by giving them the freedom and flexibility they expect.
4. Get online payments: Taking your business online is vital, as individuals depend increasingly more on the Internet to do their shopping, bill payment, and account management. A dependable PayPal merchant account processing service enables you to give invoicing, get credit, debit, and eCheck payments online, set up recurring billing, and take your business with you any place you go.
Conclusion
These advantages are only the start! When you get everything rolling with your PayPal merchant account, you'll have the option to take your business to the next level of success. To apply for a PayPal merchant account with 5 Star Processing, connect with us today.
