Way Systems MTT-1510 Benefits

Accepting Credit Cards Boosts Sales   Consumers demand choice and convenience, particularly when it comes to how they pay for goods and services. That means they are increasingly opting for electronic card processing methods, not cash or checks. Nearly 1 in every 3 consumer purchases in the United States is made with a payment card — including credit, debit, and prepaid products. - Source Visa®

Process Payments Faster   Electronic transaction processing can help accelerate the payment process and decrease billing overhead. Instead of waiting for checks to clear or invoices to be paid, funds resulting from credit card transactions are deposited directly into your bank account, most often within 48 hours or less.

Streamline Operating Costs   Accepting credit cards helps streamline operating costs, guarantee payments, and reduce overhead by eliminating the need to send bills and manage account receivables. Electronic transaction processing helps control shrinkage since there is no cash on hand to walk off with and it is often less expensive to accept credit cards than accepting checks. Merchants are often concerned about how the credit card processor takes a percentage of each transaction for credit card processing fees will impact the profitability of their small business. However, they quickly find out that the benefits of accepting credit cards far outweigh the small fee expenditures.

Automated Acceptance and Settlement   With credit card processing, the transaction flow is conducted automatically. Automated acceptance and settlement allow payments from a credit card or debit card transaction to be deposited directly into your bank account. Making the payment process more efficient and less time consuming allows you to focus on the other aspects of your business.