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[Razor1911]

When starting a business it is important that you should carry out the survey of the market. A thorough research should be done, about the market conditions, supply and demand, location centric analysis, demographic details etc. After having all the research only we should commence our business.

normally local offline businesses provide credit card facility or cash facility. But since digitalization of payment system is going at its peak, it is very much important to enable credit card or any other online wallet services for the payment by the customer. The more will be the option available, the better and convenient it will be for the customers.

 

[Ridorz]

Yes, it's very important to have a payment method in which that will be convince for your customers when they want to pay for product through online. And I think that credit card is more good than wallet, because of the fees of a crypto.

 

[Razor1911]

Yes, it's very important to have a payment method in which that will be convince for your customers when they want to pay for product through online. And I think that credit card is more good than wallet, because of the fees of a crypto.

Understand that having both the payment options is good for your business. But if you are given to choose any one of them, which one you will choose and why. That's the main question.

 

[Niftyicon]

Here, you are not a serious business if you don't have a POS machine for those who make payment with cards since people have become less fond of carrying cash around for security reasons.

 

[Corzhens]

A business of high value products like appliances would require a credit card payment. Usually buyers of a stove or refrigerator would not pay in cash. For sellers of small items cash payment is desired.

 

[Setfragil]

With the advent of technology, using credit card to pay for goods and services is safe and helps facilitates the easy and fast transactions of payments. Cash transactions is like a burden to the business as they are at risk of their cash being stolen or robbed.

 

[Dav1d]

This is a great idea though, these days alot of persons have started buying the idea of cashless transactions hence most nolonger carry cash with themselves, they prefer doing a transfer or making use of their ATM cards. I believe this would most definitely make things easier for them but at the same time, you should be careful, I have heard cases of people who customers sent fake credit alerts.

 

[Kubiat-Abasi]

In my business, I only accept cash and if it serious cases, I receive through credit cards but as a customer, you must wait for me to check my account balance and probably receive an alert before I had over my products. The internet has been hijacked by scanners that they can send a fake alert within splits of seconds. I'm always careful when dealing with finances

 

[btaliat]

For a small business, it is better to be receiving cash. This is because cash will always be needed for the recurring expenses. But for a business that has expanded, nothing is wrong with accepting credit cards. But we must be careful while dealing with credit card as there are a lot of scammers who may try to involve in fraudulent activites with us.

 

[ashim kate]

This is going to depend on the particular type of product or service that you are willing to offer. If it is something that we require clients to pay large amount of money then they card option definitely has to be there. If it is a small business then you can as well just start with the cash option.

 

[Styleplus]

Its preferable to have both because of the fact that it gives ease to marginalize to any of the working platforms.
Aside from the fact that it's makes our purchasing power viable it also gives you leverage when there is a tax invasion.
For my business currently I am working on having a business card.

 

[kaycee001]

It depends on the type of business. A large scale business will surely provide credit card as a means of payment and also accept cash if need be but a small scale business will basically accept cash because they buy and resell almost on a daily basis .Also some of this business small scale businesses are run by semi literate people so credit card might not really be helpful to them.

 

[CyberPreNurse]

Through surveying where I am doing my business I got to realise that a lot of people are more interested in using credit cards for their transactions and not cash because we are mostly students here and then we do not seem to have much interest in always going to the bank to withdraw cash for purchases will make making a the cause of time.

 

[ashim kate]

I believe that if somebody is creating a business then payment with cash will be the first option that he should be introducing. After sometime then he should try to add the credit card option because a lot of people are going to prefer to use that one instead of cash as they do not want to be walking around with.

 

[Shigobad2020]

When starting a business it is important that you should carry out the survey of the market. A thorough research should be done, about the market conditions, supply and demand, location centric analysis, demographic details etc. After having all the research only we should commence our business.

normally local offline businesses provide credit card facility or cash facility. But since digitalization of payment system is going at its peak, it is very much important to enable credit card or any other online wallet services for the payment by the customer. The more will be the option available, the better and convenient it will be for the customers.

It is very important to have different payment method for customer to pay which will increase the number of the customer patronising your business, for example petrol station now using POS machine as a means of payment for customer has increased the number of customer frequenting petrol station.

 

[ashim kate]

Its preferable to have both because of the fact that it gives ease to marginalize to any of the working platforms.
Aside from the fact that it's makes our purchasing power viable it also gives you leverage when there is a tax invasion.
For my business currently I am working on having a business card.

It is going to be a very good thing for any business that can be able to start with but because I believe that they are the two most popular means of payment when it comes to offline shopping. It is actually going to give you a very big competitive again advantage against other people who are not utilising different means of payment.

 

[Shigobad2020]

When starting a business it is important that you should carry out the survey of the market. A thorough research should be done, about the market conditions, supply and demand, location centric analysis, demographic details etc. After having all the research only we should commence our business.

normally local offline businesses provide credit card facility or cash facility. But since digitalization of payment system is going at its peak, it is very much important to enable credit card or any other online wallet services for the payment by the customer. The more will be the option available, the better and convenient it will be for the customers.

It's very important for a business owner to do a thorough investigation and research before venturing into the business proper ,research on the location ,the demand for the the product in th particular location and lastly include another source of online payment with real cash payment.

 

[Duduyemi]

When starting a business it is important that you should carry out the survey of the market. A thorough research should be done, about the market conditions, supply and demand, location centric analysis, demographic details etc. After having all the research only we should commence our business.

normally local offline businesses provide credit card facility or cash facility. But since digitalization of payment system is going at its peak, it is very much important to enable credit card or any other online wallet services for the payment by the customer. The more will be the option available, the better and convenient it will be for the customers.

To me nobody wants to be moving with cash but all the same nothing stops you from using both methods of payment! You are just limiting yourself to the numbers of customers you have if you choose those with credit card on those with cash and also vise versa. If am to be a customer, i think i prefer credit card payment instead of moving with cash around.

 

[Shigobad2020]

In every business both online and offline , most business organisation prefer cash because of the stores of going through bank to make withdrawal by since most people in the world are using a cashless policy because its not safe to be going around with cash.

 

[dorcasy]

When starting a business it is important that you should carry out the survey of the market. A thorough research should be done, about the market conditions, supply and demand, location centric analysis, demographic details etc. After having all the research only we should commence our business.

normally local offline businesses provide credit card facility or cash facility. But since digitalization of payment system is going at its peak, it is very much important to enable credit card or any other online wallet services for the payment by the customer. The more will be the option available, the better and convenient it will be for the customers.

They are both good for the business depending the customers choice,what is your preference and what do you actually want should not be limited to the choice of business owners and consumers, personally it's more secured using credit card for transaction than paying physically.