Can Your Retail Business Survive the Coming Credit Crunch?
foreclosure and bankruptcy tends to slow down the shopping for non-essentials and let’s face it, non-essentials are some of our favorite things to sell.
So what can be done? Well there is one form of the luscious plastic that will not be going away, Thank goodness. More and more people will be using debit cards, it’s already more popular than cash in Canada and soon will be in the U.S. There are already 300 million debit card holders in the U.S and an increase of 160 million a year is projected, 30 percent of these customers have no other card.
So, we are all safe and sound right? Well, except for one little thing. The credit card companies discovered that with debit cards they didn’t get to mug your customers latter and that just didn’t seem right to them. They got sad and cranky. Then they decided that we retailers should be made to pay
