Credit Card Terminal

As a small business owner, there are probably a lot of things that are important to you. Your business might be a key part of a community, a mainstay of the local high street, or a personal project that has taken many years of love, sweat and tears. Whatever it means to you is important, but it if it is going to be a successful business, it needs to make money. Fundamentally, it needs to be somewhere you can trade goods or a service for money in a way that makes you a profit.
To do this, it is essential that you are equipped and ready to take payment from your customers, and in an increasingly technological world, that means having a credit card terminal. Small business owners, or businesses that have survived without upgrading, may doubt the value of being able to take credit card payments, but in reality, the way customers want to shop and the way they access their money is changing rapidly.
The World of the Credit Card
The credit card is probably the single biggest development in trade and business since before the Romans. In the last few years, the credit card and debit card have overtaken cash in everyday use, and since 2017 the credit card is now the most popular method of payment for customers in the UK. A survey found that in September 2019 there were 97 million different credit cards in circulation in the UK, and in just that month 1.6 billion transactions were carried out using a credit card terminal, which was an increase of 10.4% on the year before.
As the credit card terminal becomes ubiquitous in shops and cafes of all sizes, customers expect to be able to use their credit card wherever they go. Because of this trend, people tend to carry less cash. This means that for your business, each customer is going to be limited in what they can spend by the limited cash available in their wallet, and if they are not able to use a credit card terminal in your business, they may be unable to be your customer at all. The 1.6 billion transactions made using a credit card terminal in 2019 had a combined value of £51.1 billion, and without a credit card terminal your business is missing out on your fair share of that pie.
Customers are also increasingly aware of health and hygiene while out and about, and hard cash is a good way of transmitting diseases quickly. Offering contactless or non-cash payment options using a credit card terminal is a good way of protecting yourself and your staff, as well as being socially aware and better equipped to stay open when national health emergencies arise.
Getting Your Credit Card Terminal
Garrod and Co. Ltd. are the experts in practical credit card solutions and are able to provide and install a range of credit card terminal options for your business. If you want to upgrade your business, get a credit card terminal now.