Why People Prefer Paying with Their Credit Cards
If you have an online business, the most important thing is to be able to offer your customers the convenience of paying for their purchases. Today, online transactions have become a global trend with millions of transactions happening each day. And now there are many ways by which a customer can pay for a product. Long ago, only credit card payments were accepted in online stores but not different websites such as PayPal and like sites that also offer payment solutions to customers which have also become very popular. You can also find online stores today that only accept e-wallet payments and you are not given the option to use your credit card. Credit card payment is still the preferred payment methods for most online customers.
Why is it that customers still prefer paying good using their credit cards instead of the other fast payment methods available today?
The reason why most people don’t use other options is that you don’t need to register anywhere to use your credit card to pay for your goods. You don’t need to open an account on any website to complete your purchase.
Using credit card is fast and convenient. When a customer enters the credit card details on the checkout page, it can be processed in seconds. There is an instant accept or decline message instantly. Your orders will be shipped immediately once you have made your payment and the fund are deposited instantly to the vendors merchant account.
Today, credit card companies offer a better protection from fraud and you are able to chargeback a company for a wrong merchandise. With credit card payments, customers are more protected when they buy online and they feel safe ordering a product.
Visa and MasterCard now have the special Verified by Vis and MasterCArd Secure Code program that gives card holders additional security layers for all card purchases. Once this feature is implemented, the customer is asked to provide a certain password during a purchase. This assures that only the card holder uses the card so that order is safe. When they order products, customers feel safe. If you have this feature working on your website, then customers will trust your store more. You also as a vendor will be protected from possible chargebacks.
If you use your credit card often, banks usually offer reward points. This can bring them benefits in the long run. That is why they prefer to use their cards even more.
Customers can pay you using their credit card limit. So, even if they don’t have enough funds in the bank, they can still purchase up to the limit. Business sales can increase because of this.
Online stores have both local and international customers. if they buy your products then using their credit card would be their best option than any other payment method.