Monica Kochelee

When running a business, one of the most important decisions one makes from an administrative aspect is whether or not to accept credit cards as a form of payment. There are pros and cons to accepting credit cards.  Accepting credit cards expands your customer base; more customers will be inclined to buy your product or service if you accept credit cards.  However, accepting credit cards will cost your business money in the way of fees.  So you have to weigh out the costs and the benefits and decide if it is worth it.

A lot of businesses have made the decision to accept credit cards but offer their customers that pay with cash a cash discount to encourage them to pay with cash instead of credit cards.  I’ve heard that some gas stations have decided to stop accepting credit cards at all!  But I think that is a bad decision, the culture of America now has credit cards firmly entrenched into its psyche.  Orbit Payments is a company that offers merchant processing of credit cards.  By that I mean they will set up your company to accept credit cards.  What sets Orbit Payments apart from other companies is that they provide secure transactions with only a one week turnaround, so their clients get their money faster than with most other companies.