5 reasons your business should be accepting credit cards

Business Tips

September 14, 2017

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!