Why Contractors Need A Merchant Account
When a home or business owner wants to expand, upgrade, or repair their property they call on a contractor. If an emergency arises a contractor is called in to handle the situation. What about those who want to build a new home from the bottom up or start a business from scratch in a newly developing area of land zoned specifically for commercial use only? Of course a contractor will be one of the first people they will contact.
With people getting laid off or companies changing their policies to part-time only and cutting employees hours it's hard for those who want to develop or need to repair a piece of property. Most likely, the money they've put aside for savings is what they truly have to survive off of for an unknown amount of time. However, for whatever reason they may want or need to develop - or in case of an emergency - it's just much easier and more convenient to pay by credit card. And in some cases, it's the only way a person can pay for emergency repairs.
We all know that it's easier to charge a credit card than to come up with money to pay right up front. Having credit allows a customer to spend money they may not have on hand yet or can budget a small credit card payment into their monthly bills. We also have a tendency of charging more than we would normally spend if we paid cash. Therefore, if there is some type of specialty building a customer would really want to have done, there's a possibility that they may spend more to have this additional service taken care of.
By having a merchant account and offering the service of credit card payments a contractor may add to their bottom line with more business and because of the acceptance of credit cards as a means of payment as well. If this service is not offered a contractor could lose thousands upon thousands of dollars per year...possibly even per month! A contractor may look at this as guaranteed money...as long as the credit card is processed with funds. This can be found out much quicker than taking a check to the bank to find if there are funds to cover the check and much safer than carrying around an excessive amount of cash.
There's a possibility that sales will be left behind and income left on the table if the ability to process a credit card is unavailable.
As a contractor, in addition to accepting credit cards in order to add to your bottom line there are ways to save on all the supplies needed to complete a project - yet another way to easily keep your bottom line in the black! Use of these extra savings could allow you to hire a subcontractor in order to free up your time so that you may be able to bring in more business and further increase your income! You could start with a merchant account AND theses extra savings starting TODAY!
With people getting laid off or companies changing their policies to part-time only and cutting employees hours it's hard for those who want to develop or need to repair a piece of property. Most likely, the money they've put aside for savings is what they truly have to survive off of for an unknown amount of time. However, for whatever reason they may want or need to develop - or in case of an emergency - it's just much easier and more convenient to pay by credit card. And in some cases, it's the only way a person can pay for emergency repairs.
We all know that it's easier to charge a credit card than to come up with money to pay right up front. Having credit allows a customer to spend money they may not have on hand yet or can budget a small credit card payment into their monthly bills. We also have a tendency of charging more than we would normally spend if we paid cash. Therefore, if there is some type of specialty building a customer would really want to have done, there's a possibility that they may spend more to have this additional service taken care of.
By having a merchant account and offering the service of credit card payments a contractor may add to their bottom line with more business and because of the acceptance of credit cards as a means of payment as well. If this service is not offered a contractor could lose thousands upon thousands of dollars per year...possibly even per month! A contractor may look at this as guaranteed money...as long as the credit card is processed with funds. This can be found out much quicker than taking a check to the bank to find if there are funds to cover the check and much safer than carrying around an excessive amount of cash.
There's a possibility that sales will be left behind and income left on the table if the ability to process a credit card is unavailable.
As a contractor, in addition to accepting credit cards in order to add to your bottom line there are ways to save on all the supplies needed to complete a project - yet another way to easily keep your bottom line in the black! Use of these extra savings could allow you to hire a subcontractor in order to free up your time so that you may be able to bring in more business and further increase your income! You could start with a merchant account AND theses extra savings starting TODAY!
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