Increased Sales
Consumers spend more when they're not constrained by cash on hand. You may see increased purchases of higher-margin products as well as specialty items. And customers may visit your store more often.
Customer Satisfaction
Your customers will appreciate the fact that you allow them the flexibility to pay the way they want to pay—including by credit or debit card. Happier customers are more loyal customers.
Speed of Checkout
You'll speed your customers through checkout with rapid electronic payment. No more counting change or waiting while customers write checks.
Improved Efficiency
Card transactions today are conducted electronically. These paperless payments can save you time and money by minimizing cash handling and payment reconciliation, giving you more time to do more important things—like managing and growing your business.
Safety
With lower volumes of cash, you're less vulnerable to theft and pilfering.
Currency Conversion
Electronic payments on MasterCard and Maestro cards are settled in the currency in which you sell your goods and services, regardless of where the cardholder is from. If you sell in US or Canadian dollars, that's how you'll be paid.
The Benefits of Displaying the MasterCard Brand Mark
The bold MasterCard Brand Mark, with its bright look and visual impact, helps merchants around the world take advantage of the profitable benefits of exterior signage.
Increased traffic, increased sales.
While interior signage is valuable, research reveals that about 80% of customers rely on exterior signage to determine whether or not a merchant accepts MasterCard cards. So, a window or door logo is an important tool, leading to increased traffic and higher sales.
The MasterCard Logo Can Lead to Increased Profits
Customers tend to spend, on average, 16% more when they pay by MasterCard instead of paying by check.* Then there’s the increased profitability that comes from reducing processing fees associated with paying by check. You can experience improved cash flow with MasterCard payment versus checks because card transactions are typically settled in 24 to 72 hours.
MasterCard signage means a big opportunity.
MasterCard signage is a competitive advantage. Letting cardholders know you accept MasterCard can lead to increased traffic and sales volume. To learn how you can put MasterCard signage to work for you, contact your merchant services provider or click here for information on becoming a MasterCard merchant.