Good for business
Accepting Visa cards is good for business. Research shows that customers spend more when they pay with Visa instead of cash — and card use is continuing to rise. You will reduce your cash-handling costs and also provide a better service for customers, who will not need to find a bank or cash dispenser if they want to spend more than they have in their wallets.
Shoppers choose Visa
As of September 2006, more than 1.5 billion shoppers around the world choose their Visa cards to pay for every type of product and service, so accepting Visa can help you to increase your sales.
Worldwide, Visa cardholders spent US$2.87 trillion in the year to September 2006 on every kind of purchase, from groceries, clothes and holidays to settling their electricity and water accounts. Customers who pay with Visa cards are not limited by the money in their wallets, so they can buy what they want, wherever they find it.
Payment cards contribute to good service. Transactions take seconds, leaving sales staff more time to look after your customers and build better relationships.
As a Visa merchant, you will be paid within days, straight into your bank account. That makes accounting quicker, easier and safer than handling and transporting cash between your business and the bank.
Visa cards are safer
Cash is more risky than card payments. With Visa, your customers pay exact amounts and you both receive receipts.
Cash is costly
Cash is expensive and time-consuming for you to handle and bank. In contrast, once you have completed a Visa transaction, all you have to do is check your statement.