Credit-Card processors can increase a business's bottom line. The trick is matching the right card processor with your business. Veritrans offers a variety of terminals suited for every type of business.
Credit Card processing is an essential part of any business. In 2008 alone there were 22.40 billion debit card transactions made and billions more in credit cards processed. Of the top 50 issuers in 2008, debit card purchases totaled $917.43 billion, according to industry newsletter The Nilson Report. Nilson also reported that more than 272.0 million debit cards were in use in 2008 with an average amount of $3,373.0 in purchases per card.
Decades ago, the US was first testing the waters of card culture. Now, it's deeply entrenched in every day life. People with cards are more loyal shoppers and more likely to spend. Instead of emptying their pockets for change or spending a few dollars, card holders are more likely to fill up or stock up. Because of this new terminal technology for credit card processing is a must. Whether you have a retail storefront, hotel, restaurant, a MOTO business or offer other services, your customers will expect your business to accept their preferred method of payment. When it comes to card processors, there is no lack of qualified equipment to choose from. But with so many choices, it can be hard to know what's best for your business. Card acceptance will increase any company's bottom line, but which type of processor is right for your business?
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