Accept Credit Card?

From : aticleinsider.com

Deciding whether or not your business should accept credit cards can be tough. On one hand, by accepting credit cards, you'll increase your customer base. However, there is also the additional expense to consider. Charge backs resulting from unauthorized credit card purchases, as well as the cost of credit card processing equipment and other associated costs, might deter a smaller business from accepting credit cards.

One of the most crucial factors in deciding whether you should accept credit cards is the amount of potential fraud that you might be subjected to. Fraud often results in charge backs, which can be quite costly for the merchant. A chargeback is a reversal of charges, and usually occurs when someone makes a purchase with a stolen card number, or if the customer is not authorized to use the card. In order to avoid a chargeback, you must be able to prove that the goods or services were provided to the customer. In most cases, it is much more difficult to prove that services have been provided.