Employing Multiple Payment Options for Maximum Profit

No matter what you’re selling and whether it’s a quick sale of personal goods or a more consistent means of making money, you need to accept some sort of payment from your customers. When it comes down to it, the more options you have available, the more interest you’re going to rouse. After all, there will be more people able to access what you have to offer! So, let’s take a quick look at three of the most popular forms of payment of the moment: cash, credit card, and Paypal.

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Cash

 

We’re all familiar with the old saying that “cash is king”. At the end of the day, cash is accepted near enough everywhere. It is the main, tangible, leading form of tender and it’s not going anywhere fast. Remember, in order to accept cash you either have to have a functioning brick and mortar store or be willing to meet your customers in the flesh to exchange your goods for their notes and coins. This is great for quick buy-it-now deals to people in your local area. It saves on postage and you can both ensure that you are content with the purchase and sale before parting ways. This means no open cases or returns further down the line, saving you a whole lot of hassle.

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Credit Card

 

A credit card is perhaps the most popular and simplistic payment option. Nowadays, many people rarely have cash on them. Instead, they pull out the plastic whenever they’re required to pay for goods and services. The introduction of chip and pin secure their finances from fraudulent larger spends. Where problems come into play, however, is when a card is lost or stolen and someone attempts to make contactless purchases or purchases online with it. In this scenario, they only need to swipe the card against a contactless payment device or input the details from the card into a card payment page and often they will be able to order whatever they please within its credit limit. If you ever have any doubts as to the authenticity of a cardholder, use this site to check the card’s validity. It only takes moments to input the necessary details and you will be shown whether the card is valid or not, where it was issued, and the account number.

 

Paypal

 

Paypal is an increasingly popular payment method, with the brand’s services flourishing in the past few years or so. No longer just for those who need a simple payment method to deal in goods on eBay, many companies are adding it as an online payment option on their websites. They have more than 87 million active accounts and more and more people wish to use it when purchasing goods. Why? Because they can simply log into their account and pay, saving them time rather than rummaging around for their cards to manually input the data. Instead, their details are saved and they need simply press “buy”.

 

These are just three of the most popular payment methods. There are plenty more out there. Just take a look at Apple Pay, Stripe, and cash on delivery (or COD). Your best bet to finding something perfect for you is to try a few out and stick with the one you like most!

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