3 Reasons why your business should accept Card Payments
“A total of 13.2 billion debit card payments were made last year, a rise of 14% on the previous year, according to banking trade body UK Finance.
That outstripped the 13.1 billion cash payments made, as the use of notes and coins dropped by 15%.
An estimated 3.4 million people hardly used cash at all during the year.
The annual report into the way consumers make payments revealed that the UK is a nation of spontaneous spenders. Only 15% of the 38.8 billion payments made in the UK in 2017 were for regular bills and commitments.”*
Businesses that are not set up to process card transactions are putting themselves on the back foot.
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