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Are there advantages for high-risk merchants to accept credit cards?

Are there advantages for high-risk merchants to accept credit cards?

First and most important, customers often only make the purchase if they’re able to use credit cards. Today’s consumers use credit cards 40% of the time to pay for purchases. Consumers turn to debit cards 35 percent of the time and cash just 11 percent of the time.[iii] And a check? What’s that?

Of course, the biggest advantage is that consumers spend from 15% to 50% more on products and services when using credit cards. They hesitate to part with cash In fact, customers often only make the purchase if they’re able to use credit cards. Another advantage is convenience for both the consumer and the merchant. Credit card purchases leave a trail of evidence useful for both parties.

 

 

 


First Financial

First Financial ® Corporate Headquarters 2850 Womble Road Suite 100-604 San Diego, CA 92106

Client Service Center: Main: 1-800-315-7791 Fax: 1-800-215-0217 (Monday–Friday 5:00am–6:00pm Pacific or 8:00am–9:00pm Eastern)

Merchant Services / High Risk Merchant Accounts: 1-800-950-0212 Fax: 1-800-215-0217

 

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