5 reasons your business should be accepting credit cards
5 reasons your business should be accepting credit cards
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.
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.
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.
Business Tips
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 business.tab.travel to apply!
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 business.tab.travel to apply!
View other articles:
Payments
How to Accept Payments from Another Country
Learn how to accept payments from another country efficiently and easily. Tab will help you discover the best methods, tips, and solutions for handling international payments for your business.
Business Tips
How to Charge a Virtual Credit Card Without a POS Device
In the world of online payments, virtual credit cards (VCCs) offer a convenient and secure way for online travel agents (OTAs) to pay tourism businesses. But what if you need to charge your virtual cards without a traditional point-of-sale (POS) device? We've got you covered with some quick payment solutions to tackle this challenge head-on.
Business Tips
7 Tools and Softwares to Help Power your Tourism Business
Running a travel business comes with unique challenges. Fortunately, the right tools can help tourism operators stay organised, grow faster, and offer a better experience for guests. Here we outline 8 essential platforms that travel business owners all over the world are using to save time, increase bookings, and improve operations.
Payments
How to Accept Payments from Another Country
Learn how to accept payments from another country efficiently and easily. Tab will help you discover the best methods, tips, and solutions for handling international payments for your business.
Business Tips
How to Charge a Virtual Credit Card Without a POS Device
In the world of online payments, virtual credit cards (VCCs) offer a convenient and secure way for online travel agents (OTAs) to pay tourism businesses. But what if you need to charge your virtual cards without a traditional point-of-sale (POS) device? We've got you covered with some quick payment solutions to tackle this challenge head-on.
Payments
How to Accept Payments from Another Country
Learn how to accept payments from another country efficiently and easily. Tab will help you discover the best methods, tips, and solutions for handling international payments for your business.
Business Tips
How to Charge a Virtual Credit Card Without a POS Device
In the world of online payments, virtual credit cards (VCCs) offer a convenient and secure way for online travel agents (OTAs) to pay tourism businesses. But what if you need to charge your virtual cards without a traditional point-of-sale (POS) device? We've got you covered with some quick payment solutions to tackle this challenge head-on.
Business Tips
7 Tools and Softwares to Help Power your Tourism Business
Running a travel business comes with unique challenges. Fortunately, the right tools can help tourism operators stay organised, grow faster, and offer a better experience for guests. Here we outline 8 essential platforms that travel business owners all over the world are using to save time, increase bookings, and improve operations.
Payments
Advance Bookings: How to Charge Card Details from Online Travel Agents
Receive and charge customer or virtual cards from Booking.com or Expedia easily with Tab. Benefit from secure payments, reduced no-shows, and simple refunds. Learn more!
More than 50,000+ businesses trusts Tab, follow more stories.
More than 50,000+ businesses trusts Tab, follow more stories.
More than 50,000+ businesses trusts Tab, follow more stories.
Ready for faster, fairer tourism payments?
Apply for a free account today.
Ready for faster, fairer tourism payments?
Apply for a free account today.
Ready to start taking Payments with Tab?
Apply for a free account today.
Ready for faster, fairer tourism payments?
Apply for a free account today.