Article Finds Majority of Small Businesses do not Accept Credit Cards

August 16, 2013 – 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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