How accepting credit cards could help your business
For many businesses who are used to dealing exclusively in cash, accepting credit cards as a method of payment is a big (and perhaps daunting) step. However, in a changing world, it has become increasingly important for small businesses to accept credit cards in order to continue to attract travellers and maximise revenue. Outlined below are just a few reasons accepting credit cards could be great for your business.
#1 Credit card customers spend more money
Customers who pay with credit cards are able to spend more money, enabling your business to sell more when they're with you. A customer has run out of cash at the bar - not a problem! Tab helps by letting your customers pay with card – in person (without any additional hardware) and in advance.
#2 Increase the value of your bookings
Customers are also able to make much larger lump-sum payments with their cards. As such, businesses that accept credit cards are able to take higher value group bookings.
#3 Keep your guests safe
Withdrawing and handling large quantities of cash in a foreign country can be a daunting prospect for travellers (and also quite confusing!). By accepting credit card payments, you enable your customers to to carry less cash - leaving them feeling safer, more secure and more relaxed. Also, there are no more last-minute trips to the ATM at check-out time!
#4 Traveller habits are changing
Consumers across all markets are moving away from cash payments and increasingly towards card/online/smart device payments. It's important for tourist businesses to keep up-to-date with the latest technology, making life easier for both sides and giving travellers another reason to choose them!
#5 Reduce your no-shows
No-shows can be a frustrating problem for tourist businesses. Customers who pay in advance are much less likely to 'no-show' or cancel at the last minute. Accepting credit card payments allows you to take bookings in advance and with Tab, it's as easy as sending a web link – no integration needed - enabling you to significantly reduce no-shows.
If you think that your business would benefit from using Tab - please visit www.tab.travel to apply!