Reasons Why Consumers Prefer to Pay with Credit

If you do business online, the most important part is to be able to offer your customers the most convenient way to pay for their purchases, notes Merchant Services Irvine. In the past decade, buying on-line has become a global trend, with millions of transactions happening every day and today’s customers are using credit cards more often compared to other payment methods for the following reasons:

Convenience – a credit card transaction is processed within seconds once your customer enters their card details on your checkout page. An order gets approved or declined instantly. Unlike with payment by check or bank wire, the order can be shipped immediately after the payment, because the funds are deposited instantly to a vendors merchant account.

Fraud Protection - credit card companies offer customers better protection against fraud allowing customers to feel more protected when they buy online.

Rewards - customers are also likely to obtain reward points from their credit card provider for paying with their credit card.

Credit Limits - your customers can pay you using their credit card limit - even if they don't have enough funds at the moment by borrowing money from a bank. This increases your sales even more.

If you are serious about your online business, you should be offering as many convenient payment options as possible. In order to begin accepting credit and debit card payments, you will need to establish a merchant account with a reliable merchant provider like Merchant Services Irvine.