More on the Use of Credit/Debit Cards

No more invoices. At least no more paper invoices. We've written about this many times in the past, but no matter how much evidence is presented people keep sending out and wanting to receive paper invoices as well as not accept debit/credit cards. We hear comments about the fees and the expense, but in reality this comes down to a marketing expense. If you knew that you would sell more by accepting card payments woud you switch?

What does this look like?

  • There's not only the cost to the company in labor, postage, envelopes, paper, ink, and maintenance on printers, but it's also terrible for the environment.
  • After what I just listed is completed then that invoice has to be driven to multiple locations before it makes it to its destination.
  • Emailing the invoice saves money, is delivered instantly, and, if you accept cards, can be paid instantly.
  • While there are fees associated with processing debit/credit cards, what's the cost of not accepting? What's the cost of labor, materials, time, and loss of business from not accepting cards?

What to remember: Everyone is busy, therefore any way that you can automate business operations the better off the company will be.