Should we take credit cards?

[Great North Guns]

We’ve been doing fine for 6 years taking only EMT but what does the customer think? Would it make a difference for you if we started to accept credit cards?

 

[Tvw]

Sometimes its easier to buy when you dont have to have the full amount of cash saved up

 

[HuskyDude]

How much do you lose to visa?
3-4%

 

[Scotty454]

Sometimes its easier to buy when you dont have to have the full amount of cash saved up

This is a pretty good point, lol. I've definitely made online purchases that were greater than the amount I had in my bank account at the time.

 

[bigbigjack]

the problem is scamm

 

[Great North Guns]

How much do you lose to visa?
3-4%

Yup that’s about it

 

[srnm]

I personally only pay with credit card as you have more protection when it comes to issues. I'm also a firm believer that you shouldn't use a credit card if you can't pay it off by the statement date... I would offer what some retailers do, take credit cards but If you pay by EMT you will receive a 3% discount.

 

[MALAKA]

As long as your employees don’t steal our CC info

 

[Hmatt]

I personally only pay with credit card as you have more protection when it comes to issues. I'm also a firm believer that you shouldn't use a credit card if you can't pay it off by the statement date... I would offer what some retailers do, take credit cards but If you pay by EMT you will receive a 3% discount.

This

 

[redflagmat]

Yes. All my online purchases are credit only.

 

[DillyMac]

Yes. Credit cards are amazing for consumer protection (which is already quite lacking in Canada)

 

[KaneZoR]

Yes definitely as others have mentioned for consumer protections and extended warranty benefits you get with credit cards are a real incentive for consumers to use.

 

[HeadDamage]

Sorry to say but I'm a credit card only for online purchases guy as well.

 

[Jeff_C]

I buy everything on credit card as it provides more protection, points, and for me easier to budget because everything goes on the card. I find EMT annoying, but I have done it when needed. I do recognize losing the percentage to the CC companies sucks, so you would have to weigh if it brings in more business or not. For me, when I can buy with CC I always do. Stores that don't offer CC I only shop if I need something they exclusively provide.

 

[Bartok5]

I only shop with a credit card for the reasons stated. I would like to become a customer, but your current payment options do not accommodate my needs.

 

[Smokinyotes]

If you don’t except credit cards your losing out on a pile of business

 

[marshall]

Yup that’s about it

And the buyer has 0 protection from scams, or a dealer not shipping something.
I use to have a Visa account many years ago, but for a small one man shop , it took really eat into the bottom line, so I dropped it.
It was quite a bit more then 4%, They really did not want small account holders , I believe.
At that time ,most people where still using check books.
I know some add a fee for credit cards , which I have run into with some auction houses.
A large company , it should just be a cost of doing business.

 

[AlbertaJohn]

Another vote for cc

 

[marshall]

I will add, every time I pay with EMT , it costs me a fee, I pay my snow plow guys that way , if I don't drive down.

 

[WWK]

I buy everything on credit card as it provides more protection, points, and for me easier to budget because everything goes on the card. I find EMT annoying, but I have done it when needed. I do recognize losing the percentage to the CC companies sucks, so you would have to weigh if it brings in more business or not. For me, when I can buy with CC I always do. Stores that don't offer CC I only shop if I need something they exclusively provide.

My thoughts exactly. Perhaps undergo a 6 month trial to see if the business gains, out weight the extra 3-4% credit card charge. Thanks for considering CC.