Free-Reprint Article Written by: Scott Burke See Terms of Reprint Below.
***************************************************************** * * This email is being delivered directly to members of the group: * * ReprintArticles-Paradise@yahoogroups.com * ***************************************************************** We have moved our TERMS OF REPRINT to the end of the article. Be certain to read our TERMS OF REPRINT and honor our TERMS OF REPRINT when you use this article. Thank you. This article has been distributed by: http://Article-Distribution.com Helpful Link: The Digital Millennium Copyright Act - Overview http://www.gseis.ucla.edu/iclp/dmca1.htm --------------------------------------------------------------------- Article Title: ============== How Accepting Credit Cards Can Increase Sales And Revenue Article Description: ==================== Accepting credit cards is becoming a must for entrepreneurs and small businesses in today's business environment. There are numerous social, demographic and technological factors combining to make plastic the payment form of choice for increasing numbers of people. Additional Article Information: =============================== 497 Words; formatted to 65 Characters per Line Distribution Date and Time: Fri Feb 10 03:47:34 EST 2006 Written By: Scott Burke Copyright: 2006 Contact Email: mailto:[EMAIL PROTECTED] Article URL: http://thePhantomWriters.com/free_content/d/b/boost-revenue-with-credit-cards.shtml For more free-reprint articles by this Author, please visit: http://thePhantomWriters.com/free_content/d/index.shtml#Scott_Burke --------------------------------------------------------------------- How Accepting Credit Cards Can Increase Sales And Revenue Copyright © 2006 Scott Burke iMAX Business Solutions http://www.cmscreditcards.com/ Accepting credit cards is becoming a must for entrepreneurs and small businesses in today's business environment. There are numerous social, demographic and technological factors combining to make plastic the payment form of choice for increasing numbers of people. By the Numbers The average American cardholder has roughly four bank credit cards. Credit card purchase volume has been expanding about 15 percent per year for the last five years, or three times faster than the increase in overall U.S. purchases. Debit card purchases are growing even faster, at more than 50 percent per year. Credit and debit cards are expected to account for 33 percent of all purchases by next year and for 43 percent by 2005. According to one estimate, businesses forfeit up to 80 percent of consumer impulse buys if they don't accept credit cards. Why People Use Credit Cards To understand the growth in credit card use, it's important to grasp the reasons for their popularity. Consumers typically use cards because: * They don't want to carry cash * They want to save cash in hand * They want to gain loyalty points (such as airline miles) * They are making a large purchase * They are looking to float money in a bank account * They are making a reimbursable purchase for a company Plastic on the Internet Even as credit card use grows in the real world, plastic already dominates the world of Web shopping. This breakdown of how people pay for online purchases demonstrates that credit cards are the key to e-commerce: * Credit card online - 85% * Check mailed - 10% * Credit card via phone - 2% * Credit card via mail - 1% The Business-to-Business Opportunity It's becoming increasingly clear that credit cards are also playing a greater and greater role in business-to-business transactions. For example, visa is bundling credit and cash management products for small businesses under the umbrella of the Visa Business Card. Larger companies are also streamlining their buying processes using so-called business cards for indirect purchasing. Each business card transaction shaves a reported $50 to $100 in purchasing costs. That's something to keep in mind if your company works with large companies. The Future of Plastic Market research indicates that consumers view credit cards as lifestyle enhancers that contribute to other areas of interest in their lives. And credit card products now in development, such as the "electronic purse" and online debit cards, promise to further extend the use of credit cards. It all adds up to bad news for checks. Paying with plastic is becoming increasingly popular for even routine bills such as gas and electricity. And younger customers' preference for plastic cards is even more pronounced. These trends are projected to cause check and paper credit use to fall from 32 percent of all non-cash transactions in 1997 to just 14 percent by 2007. For more information on how your business may benefit from accepting credit cards now. Click over to http://www.cmscreditcards.com --------------------------------------------------------------------- Scott Burke; President of iMAX Business Solutions in charge of sales, strategy, and execution and thus is responsible for managing all aspects of the company's marketing, communications, new accounts, and support. [EMAIL PROTECTED] http://www.cmscreditcards.com/ --- END ARTICLE --- ..................................... TERMS OF REPRINT - Publication Rules (Last Updated: April 7, 2005) Our TERMS OF REPRINT are fully enforcable under the terms of: The Digital Millennium Copyright Act http://thomas.loc.gov/cgi-bin/query/z?c105:H.R.2281.ENR: ..................................... *** Digital Reprint Rights *** * If you publish this article in a website/forum/blog, You Must Set All URL's or Mailto Addresses in the body of the article AND in the Author's Resource Box as Hyperlinks (clickable links). * Links must remain in the form that we published them. Clean links should point to the Author's links without redirects having been inserted into the copy. * You are not allowed to Change or Delete any Words or Links in the Article or Resource Box. Paragraph breaks must be retained with articles. You can change where the paragraph breaks fall, but you cannot eliminate all paragraph breaks as some have chosen to do. * Email Distribution of this article Must be done through Opt-in Email Only. No Unsolicited Commercial Email. * You Are Allowed to format the layout of the article for proper display of the article in your website or in your ezine, so long as you can maintain the author's interests within the article. *** Author Notification *** We ask that you notify the author of publication of his or her work. Scott Burke can be reached at: [EMAIL PROTECTED] *** Print Publication Reprint Rights *** If you desire to publish this article in a PRINT publication, you must contact the author directly for Print Permission at: mailto:[EMAIL PROTECTED] ..................................... If you need help converting this text article for proper hyperlinked placement in your webpage, please use this free tool: http://thephantomwriters.com/link-builder.pl ===================================================================== ABOUT THIS ARTICLE SUBMISSION http://thePhantomWriters.com is a paid article distribution service. thePhantomWriters.com and Article-Distribution.com are owned and operated by Bill Platt of Enid, Oklahoma USA. The content of this article is solely the property and opinion of its author, Scott Burke http://www.cmscreditcards.com/ --------------------------------------------------------------------- XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX --------------------------------------------------------------------- THINGS TO KEEP IN MIND WHILE USING ARTICLES POSTED ON THE GROUP: 1. Print the article in its entirety. Don't make any changes in the article . 2. Print the resource box with all articles in their entirety. 3. Send the Author a copy of the reprinted article or the URL where the articles was posted. Anything short of following these three rules is a violation of the Authors Copyright. Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/ReprintArticles-Paradise/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
