Credit cards are among the most widely used digital payment methods by Brazilians. Therefore, accepting credit cards has become an obligation for companies that want to remain in the market.
Credit cards are one of the conveniences that are part of the daily lives of most consumers. Therefore, it is essential to accept credit cards, regardless of the segment of your business .
But do you know how payment processing works? How can you offer this payment method to your customer? After the customer pays, how does the company receive the payment? What are the deadlines and fees? Do you need to have a specific account to receive payment? How can you make an advance payment?
In this article, we have gathered the main questions companies have about receiving payments via credit card and clarified them for you . Keep reading to find out more!
Browse the content
When is it worth accepting credit cards for payment?
If your company is experiencing new zealand whatsapp number data caused by customer default, this is one of the situations in which it is worth accepting credit cards. After all, if the customer is unable to pay in cash, they can have a longer payment term and even pay in installments .
When a company does not accept credit cards, cases of default are more frequent. However, when a company accepts this payment method, it no longer runs the risk of not receiving payment for the sale , since the financial institution guarantees the amount for the company. In other words, the customer now owes the institution and not the company.
Selling by credit card is also interesting if the company is looking to grow. As it is a payment method widely used by consumers, it is a way to expand sales opportunities , reaching customers who prefer this option.
It is also a chance to increase the average ticket . By offering payment by credit card, the company favors the sale of products with higher values and larger purchases, without making the payment too heavy for the customer to pay all at once.
Furthermore, receiving payments by credit card allows for greater control over the company’s sales . This is because it is possible to better visualize payments and organize them in a more practical way for management.
Credit Card Advantages
Purchasing using a credit card is very how useful is this phow to change and easy to do in both physical and virtual establishments. The main advantage over paying with a bank slip is the option to pay for your purchases in installments using the credit system.
Although this is possible through installment plans. Consumers are not always aware of this option, which is not by many stores. However, in addition to installment payments, credit cards also offer:
- fast compensation : payments by credit card are recognized within a few minutes, and in some cases this processing is almost automatic.
- lower cancellation rate: since compensation is almost immediate, the process of canceling a purchase is very bureaucratic and time-consuming, since you need to call the operator. However, it is always worth paying attention to chargeback requests .
- online process: payments are automatically, so there is no risk of loss.
Disadvantages of credit card
On the other hand, it is worth frist database that cards usually require more bureaucracy for approval, in addition to being subject to scam attempts . In addition, the installment options for purchases can impact your working capital.
Therefore, it is important to have complementary solutions, such as receivables anticipation .
