Centurybizsolutions commented on the following stories on BizSugar
The Ultimate Guide to Credit Card Processing - Tweak Your Biz
"Hi Chad, This is a tough question. There actually aren't any percentages or metrics set for businesses even within same vertical. The reason for that being that every business is unique in the way it operates, the customers' profile, the product/service offerings, and many more factors that determine whether or not they accept cards and if they do to what percentage of their receivables. I can not imagine a coffee shop with less than 95% of payments made by cards and I cannot expect a government contractor to enforce credit card as their only type of payment method accepted."6 Credit Card Processing Tips For Any Business - Tweak Your Biz
"The main drivers of change in the market are regulations, consumer behavior and technology. If more people adopt the technology merchants have no option but to provide terminals that are equipped with NFC. But, Apple Pay is to be used, even in large scale, mainly by the consumers for every day purchases. The bulk of credit card transactions are done where businesses purchase goods and services from other businesses. That's were digital cards don't play any role..."« previous1 next »
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The Ultimate Guide to Credit Card Processing - Tweak Your Biz
" Thanks for the comment, Lyceum. It’s a good question: Are these people really asking themselves the right things when they see funny-looking charges? The thing is, it’s (probably) not as if the customers we’re talking about are lazy; they just really don’t remember where certain charges on their statements came from. The reason I mentioned transportation and limousines particularly is that remembering how some appointment was scheduled or how exactly you may have arrived at a certain place can get lost in the haze of a busy week or month, especially when alcohol is involved – which, political correctness aside, is sometimes the case with patrons of those industries. Another thing is sometimes you’ll have a particular merchant – in the adult industry, let’s say – change their company name for your credit card statement, undoubtedly to avoid embarrassing you in front of your spouse or significant other. But, sometimes the disguise is just too good and you really can’t connect the dots on where the offending charge came from. This is the sort of thing you can unfortunately only relate to in retrospect, or from hearing enough stories about it "