“Do you accept credit cards?” If you’re a business owner you probably hear this question again and again. If you’re starting a new business, or thinking about it, get ready. You’ll need to have the right answer. The alternative can be costly.
Isn’t credit card processing expensive?
There are, of course, fees involved with credit card processing. These fees are a tax-deductible (consult your tax advisor) cost of doing business like your rent or electric bill. Now, you could certainly save money by turning off your lights. However, the negative effect on your business would likely outweigh any savings. (more…)