Can Your Retail Business Survive the Coming Credit Crunch?
million ATM/bank cards currently in the US. For 100 million this is the only card they have. ATM/bank cards are expected to increase by 150 million new cards a years. These cards can either help your bottom line or hurt it depending on how you process them.
A study by AT&T Global and Visa recently reported that an ATM machine was the most profitable footage in any business, even businesses with gaming machine. The average ATM in America makes a profit of ,000.00 per year. You can add to that 15 to 25% savings on credit card charges, elimination of bad checks and an increase in gross sales of 20% average.
So, here’s the story; let’s say you have a ten or twenty dollar sale and the customer hands you a visa or mastercard, that is actually a debit card, if you run that card though your credit card machine you will be charged your
