A contractor already has a lot to worry about while working on the job. One thing that a contractor should not have to sweat is the payments. Unfortunately, this is a pipe dream for many as it is hard to get around this issue. However, when accepting credit cards, a contractor can avoid problems and get paid on time. With this in mind, here are four reasons why contractors should accept credit cards on the job.
Fast:
When dealing with checks, one will have to wait days to receive their money. This is annoying and can cause cash flow problems. On the other hand, when opening a merchant account, one can begin taking in money immediately. With so many options, a contractor can charge a customer while he or she is still in the driveway. This is a serious benefit that will help one improve their cash flow and avoid problems receiving payments in the long run.
Justify spending:
Making payments with cash is not fun for most people. When a homeowner doles out hundreds of dollars, he or she will feel the pain and may want to rethink other projects. When paying with plastic, one will not think about this as they will swipe their card and sign their name. Remember, people do not think about or worry when using their credit card and they are likely to spend more money.
Protection:
People can write a check without having money in the bank. However, with a credit card, unless one commits outright fraud, it is hard to cheat a contractor out of their hard earned money. This is crucial for a contractor who wants to get paid for every job and not worry about a criminal or shady person taking advantage of the situation.
Advertise:
When trying to find and attract new customers, it is important to advertise. One way to draw a client in is to offer multiple solutions to their needs. For this reason, it is wise to accept credit cards as most homeowners will appreciate this capability. One must remember that most people have more than one credit card and love to use plastic in daily transactions. By advertising this to potential clients, one can bring in more business with little effort.
Without a doubt, a contractor should accept most forms of money. By doing so, he or she will not lose out on potential business in the future.