Three million small businesses still don't accept cards
Posted on in Business News, Cycles News, Creative News, Outdoor News
Around three million of Britain's small businesses do not accept card payments, despite the UK rapidly becoming a nation of card-only shoppers.
One in six British shoppers now uses cards only to pay. A further 38pc would typically try to pay with a card first before they have to pay with cash, according to a study by Square.
Six in ten shoppers surveyed said they would spend more at small businesses in their area if they were able to pay by card, while more than a quarter have decided not to buy something because the seller didn't accept cards.
Yet 44pc of small business owners think they don't miss out on sales if they don't accept cards, the survey found.
Card payments overtook cash payments as the main method of purchases in the UK for the first time in July this year, according to the British Retail Consortium. The average Brit has just £32.54 in cash in their purse or wallet right now - not enough to cover more than one of the average transaction size of £18.42.
To ensure ActSmart can provide the best solution for all business we have two card processing partners; Global Payments for established businesses with medium to high card turnover and Paya Card Services for newer or smaller businesses with lower card volumes, both of which have transparent pricing so you know exactly what you are paying for.
To find out which solution is right for you, visit the Card Processing service page.
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