Have you ever thought of merchants' credit?
If not, then it might be time you did… Merchants' credit can actually help you build relationships with your beloved customers and clients.
It can help establish that position of trust.
It can help improve your brand.
And we all know how important these are, right?
So, what other details do you need to know about merchants' credit?
Let's face it: That little plastic credit card people like to carry in their purses and wallets have changed the way business is run now days. Credit cards have become one of the primary modes of payment—whether it may be for business to business transactions, consumer to business transactions, and other business endeavors.
Now, add this to the scenario: Ecommerce—due to the emerging importance of the digital platform—has become even more popular. In fact, according to certain studies, ecommerce sales (globally) are expected to surpass $12 trillion by 2020.
A thousand percent impressive, if I say so myself.
Now, have you ever thought about how these hundreds of millions of online shoppers pay for their online purchases?
Yes—it's through their handy dandy credit cards.
And certainly, as a good business owner—you need to find a way to join in on the “fun,” right?
Of course, you do.
After all, every potential opportunity should be grabbed by the horns.
Where does a merchants' credit system fall into place?
If you're one of those very few businesses that are still trying to fight off the "credit card revolution” we are having right now—it might be high time to concede.
Having payments in cash is good. However, getting payments through credit or debit cards is not bad at all. In fact, it might mean better business in the long run. How?
Think of your customers…
How many of them do you believe are using credit cards? We bet more than the majority of them do… Pretty much all of them, in fact.
Now, what if they want to buy something from you—but you can't provide it—simply because you don't have the means to accept credit or debit card payments?
Isn't that a big waste of opportunity?
Wouldn't that mean neglecting what your customers truly want?
Is that truly good business?
Honestly, is that what you truly want?
If you want to make your business more successful—you need to turn potential opportunities into actual profits. There's no way of going around that.
And if that means adding credit and debit card payments as part of your store's business methods, then so be it!
You'll be glad you did.
Allowing merchants' credits can help you gain access to more customers, thereby establishing your business as the "go-to” place for what they need.
When you accept credit payments from your customers—you are actually telling them you trust them. It means you are willing and able to cater to their needs, because they are special to you.
So, what happens after that?
You earn customer loyalty.
And you know what happens when you have customer loyalty, right?
According to statistics, loyal customers actually spend more for their purchases (compared to new customers).
Here's one more thing: Did you know that it actually costs 5 times more to market to new customers than to retain old ones?
Yes. In fact, that's probably one of the reasons why more and more businesses today are actually engaging in loyalty programs.
Let us give you another interesting fact: Most merchant services don't necessarily include loyalty programs.
But RedFynn Technologies does!
Through our help, you are able to ensure that your payment processing methods—from cash to credit card payments—will be safe, secured and seamless.
We'll also help you attract new potential customers, as well as help make your loyal customers even more loyal.
We'll help you reach your business goals as well.
In effect: We can help make your business and your brand a whole lot better and more profitable.
And what if you need a business loan? If your business is making more than $5000/month, we can grant you a loan that has no minimum monthly dues. We simply take back a small percentage of your monthly credit card sales as repayment.
So, if you have a slow month, you don't have to pay a huge chunk back that you can't afford.
Indeed, if you are looking for a company to bring your business to better, bigger heights—you know who to call.
Do you want more options for your business? Want to turn every potential opportunity out there into profits? Give RedFynn a call at (888) 510-9871.
We pride ourselves on being the best possible merchant credit services company that you can choose. Contact us and you'll see how.