The Rising Tide of Women-Owned Small Businesses and Credit Card Processing
/The number of women-owned small businesses has been on the rise for several years, and their impact on the economy is undeniable. As more women look to start their own businesses, it's important to understand how credit card processing, through Riverside Payments can help them succeed.
According to the National Women’s Business Council (NWBC), “Women now own an estimated 11.6 million firms in America, employing nearly 9 million people and generating more than $1.7 trillion in revenues” (2018). That’s a jump of 3% from 2017, signifying that more and more women are looking to take control of their financial futures by launching their own businesses.
One way that these entrepreneurs can make life easier for themselves is by taking advantage of credit card processing services. These services allow customers to pay with debit or credit cards, meaning that business owners don't have to worry about collecting cash or managing checks. Plus, with debit cards, customers are able to get immediate access to their funds without having to wait for a check or money order to clear the bank. With credit cards, merchants have the added benefit of being able to offer rewards points or special discounts in exchange for using a particular card brand—allowing them an additional marketing tool.
Riverside Payments also provide business owners with tools such as analytics and reporting capabilities that can help them monitor customer spending patterns, track inventory levels, gain insights into customer habits, and improve customer service experiences. Additionally, We offer fraud protection solutions that help reduce the risk of fraudulent transactions while simultaneously protecting customer data against theft or misuse. And finally, we provide online payment options that allow customers to pay remotely via smartphones or tablets – this means you can easily accept payments from anywhere at any time!
Small business owners who take advantage of Riverside’s services will find themselves better equipped for success as they grow their businesses. Credit card processing offers convenience for both customers and business owners alike- customers don’t have to worry about carrying cash around while business owners benefit from improved efficiency through analytics and reporting capabilities as well as enhanced security measures against fraud or data theft. For those new entrepreneurs out there looking to make a name for themselves in the industry – consider how Riverside Payments could be the right solution for your small business!