Some experts will suggest that if your business earns more than $250,000 in annual sales, you should invest in a Point-of-Sale (POS) credit card machine. However, in today’s competitive business world, it is highly suggested that you have access to a credit card machine even if you barely make the 250k mark. Whether your company has annual sales of 50k, 150k or 200k, having access to a credit card machine can be a great asset to your business.
Is Having a Point of Sale Credit Card Machine Overrated?
Often times, many business owners will only use online merchant payment gateways like PayPal or Google Checkout. These online payment systems are great for small-sized businesses. However, if you want your clients to take your business seriously, you need to be able to accept credit card payments.
Not all of your clients will want to use PayPal or Google Checkout to process their payments. Lets say a client wants to place a large order. Having a POS credit card machine is a lot faster. There’s no waiting for a client to sign-up for a PayPal account or waiting for them to click onto a PayPal checkout link to submit a payment.
Credit Card Machines are Perfect for Trade Shows & Conferences
Imagine what life would be like if you attended a trade show or conference and you had access to an efficient and robust POS system? All you would need is the person’s credit card and that’s all. No submitting invoices and other inconvenient payment processing steps. You can even accept credit card payments with your iPhone.
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