FCB&T Logo
Got a question? Contact us:
Beecher (708) 946-2246 | Peotone (708) 258-0530 | Secure email
Social Media. Stay Connected. (the links to the right leave firstcbt.com): Facebook Twitter YouTube Flickr

Accept Credit Cards and Watch Sales Increase

Customers appreciate the convenience of easy payment methods

Small businesses may wonder what incentive there is to accept credit cards for payment of goods or services. Consider this: according to The Credit Examiner, there are approximately 181 million credit cards in the U.S. Also, industry research indicates that the ability to accept credit cards can increase revenue by as much as 23% and that customers typically spend about 20% more when using a credit card as opposed to cash or check. Who wouldn’t like their customers to purchase more? And from the merchant's point of view, accepting credit cards guarantees payment and provides a convenience to customers.

Here are a few more reasons why businesses of all sizes should consider accepting credit cards:

  • Credit card payments enable faster payment cycles, which lead to improved cash flow and decreased billing overhead. Instead of waiting for checks to clear or waiting 30, 60, or even 90 days for invoices to be paid, funds resulting from credit and debit card transactions are deposited directly into your bank account, often within 48 hours. It also reduces errors in cash collection and lowers the risk of default due to bounced checks.
  • Cash-only businesses may be missing out on increased sales if a customer wants to make a purchase but does not have cash on hand to pay. Chances are the customer will not obtain cash and then return to make the purchase. In addition, accepting cash only can leave a business vulnerable by having too much on hand and making excessive trips to the bank to make deposits.
  • The speed, convenience and flexibility of credit card transactions help to improve customer service, which translates into customer loyalty. Customers appreciate options that make it easier for them to purchase what they want or need.

If your business does not accept credit cards
First Community Bank and Trust offers a competitive merchant card processing service that allows businesses to offer the convenience of credit card payments without excessive fees. Our fee structure is straightforward and easy to understand.

If your business already accepts Credit Cards
We would simply analyze one of your recent statements, calculate the “true” rate you are paying and offer you an alternative program. The goal is to save you money.

Whether you are new to merchant card processing or if you already accept cards, we would like to give you a no-obligation quote today. For more information on our merchant card processing service, please contact Vice President Steve Koehn at (708) 946-2246.

View Merchant Card Processing Page

About First Community Bank and Trust
First Community Bank and Trust is a privately owned bank. Established in 1916 First Community Bank and Trust has been serving Beecher, IL, Peotone, IL and the surrounding communities for over 95 years. Our commitment to providing the best banking products and services is matched only by our outstanding customer service. We offer traditional community banking services, including mortgage, consumer, and commercial lending, as well as state of the art electronic banking services.

# # #

Press Contact:
Steven D. Koehn, VP
First Community Bank and Trust
(708) 946-2246