I remember when I was still single and working in the Philippines (about 15 years ago already), the company I joined was just starting its business. But even then, they were already accepting credit card payments. Having this form of payment method really helped in closing sales for the company because most of the clients are more comfortable paying their membership fees this way (aside from issuing checks).
The problem with credit card processing, is that it attracts an additional fee with varying rates depending on the service provider. The merchant then have to decide whether he would shoulder that additional cost or pass it on to the client. Of course, it would be best if one can choose the service provider that offers the lowest rates.
|Credit card processing. Image by Lotus Head, Stock.xchng|
They also offer additional benefits to merchants such as great help desk support, legal helpline, preferential rates from partner businesses like parcel delivery, tax and vat investigation insurance, business banking, website and graphics design and more.
So, if you own a business like bars, restaurants, hair salons, auto shops, gas stations, or online shops, you may consider checking out this alternative merchant payment solutions offered by Card Processing.co.uk.