If your online business isn’t accepting credit cards and mobile payments just yet, you are missing out on thousands of potential transactions and customers already. Credit card payments are the most frequently used method of payment online. There was over $800 billion of revolving credit from the use of credit cards in 2015. That is a big market share to tap into, especially with studies by the Business Administration degree program of Rutgers Online revealing that customers are spending an average of $5,000 on their credit cards every month.
Accepting credit card and mobile payments is not as difficult as you think, even when you are running a relatively small business. PayPal, for example, now allows merchants to accept on-site mobile payments using a smartphone as a payment terminal. Other services are just as easy to integrate.
To find out more on how to get started with mobile payments, Credit Cards and Mobile Payments: What Your Business Needs to Know for Now and the Near Future, the infographic by http://online.rutgers.edu/ is the page to read.