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201 GREAT IDEAS for Your SMALL BUSINESS, Third Edition by Jane Applegate

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GREAT 51 IDEA: Accept Credit Cards

One excellent way to boost cash flow is to accept credit cards. Many customers prefer to pay their bills with credit cards. That's good for everyone. You get paid quickly while your customers can pay off the bill over time, as well as take advantage of rewards and points for airline tickets, hotels, and other perks.

If you run a retail business or restaurant or offer professional services, such as consulting, production, or design, I suggest setting up a merchant account to accept credit cards. The biggest benefit for you is this:

Credit card payments speed up cash flow because the money will hit your account within a day or so. Although you will pay processing fees ranging up to 3 percent, you won't have to ...

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