Article Finds Majority of Small Businesses do not Accept Credit Cards
A recently published article in Forbes finds small businesses who do not accept credit cards are losing out on sales. Currently, 55 percent of the nation’s small businesses do not accept credit cards. According to a recent infographic from Community Merchants USA, an educational nonprofit project of the electronic payments industry, 66 percent of all point-of-sales (POS) transactions are done with plastic – credit, debit, or gift cards. That is a lot of sales for millions of businesses to miss out on. Only 27 percent of purchases are made with cash. In fact, they estimate that cash sales will drop to only 23% by 2017.
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[divide]UPCOMING ETA EVENTS
International Acquiring Forum
Millennium Gloucester Hotel and Conference Center
London U.K.
September 17 – 19, 2013
2013 Strategic Leadership Forum
Montelucia Resort & Spa
Scottsdale, AZ
October 15 – 17, 2013
2014 ETA Annual Meeting & Expo
April 8-10, 2014
Mandalay Bay
Las Vegas, NV
ABOUT ETA
The Electronic Transactions Association is an international trade association representing more than 500 companies that offer electronic transaction processing products and services. ETA’s mission is to advance the payments industry profession by providing leadership through education, advocacy and the exchange of information.
For more information on ETA, contact Del Baker at [email protected].