Great Reasons to Become a CUB Merchant
Advantages for your business
Becoming a CUB Merchant represents important benefits for your business and your customers. Customers who carry a Visa/MasterCard, trust their card and enjoy having the option and convenience to use it when paying for their purchases at the merchants they prefer. This means that becoming a Visa/MasterCard Merchant will allow you to access a larger customer base and improve cash flow, which in turn will yield more profits. In addition, accepting Visa/MasterCard cards will definitely assist to legitimize your business.
The prestige of a leading brand
Visa/MasterCard is the preferred payment brands and the leading consumer payment systems in the world. Visa/MasterCard accounts for over 75% of the total volume of transactions with credit and debit cards worldwide, and are the most recognized and widely accepted payment around the globe. Transactions with Visa/MasterCard cards account for a larger volume than all other competing payment brands combined, making Visa/MasterCard the card consumers around the world use most often to pay for the goods and services they purchase.
Boost your sales
The use of Visa/MasterCard cards continues to increase across all industries. Even businesses that have traditionally accepted cash payments have already implemented card acceptance due to the numerous advantages it brings, in providing a wider range of options and better service to customers. With over one billion cards issued worldwide, Visa/MasterCard enables you to access a much more diverse consumer market while significantly boost your sales by empowering customers with easy, secure, and convenient option to make their payments and purchases.
Your payments are guaranteed
Your payments are guaranteed, CUB will settle properly authorized Visa/MasterCard transactions quickly and take on the risk for any transactions cardholders do not pay. That’s why accepting Visa/MasterCard cards means great peace of mind and a guarantee of payment for your business.
Reduce administrative costs
Operating with CUB allows you to reduce some of your largest administrative costs such as the expense-and risk-of handling large amounts of cash at your business locations, collecting payments, maintaining safe deposit boxes, and other similar costs.
How do you become a part of the Merchant Network
How do you become a CUB merchant that accepts Visa/MasterCards
If you are accepting or not accepting Visa/MasterCard cards right now but would like to make a change or would like your business to accept them as a form of payment, ask CUB your preferred Visa/MasterCard Financial Institution to assist you.
What to keep in Mind
Things you should bear in mind when joining the largest payment card acceptance network in the world
CUB will sign an agreement with you and manage your relationship with Visa/MasterCard. During the process to implement Visa/MasterCard card acceptance at your business locations, a number of topics will be discussed, including:
The number of business locations where you will be accepting Visa/MasterCard cards.
The payment card acceptance methods in your merchant locations
- Face to Face
- Mail Orders
- Telephone Orders
- Internet Orders
- Automatic Debit
The type of systems you will be using to process Visa/MasterCard card payment transactions:
- Point of sale terminals
- Customer Service System
- Other Platforms
The estimated annual volume of Visa/MasterCard payment card transactions and the average transaction amount
The cost of accepting Visa/MasterCard cards.
The time frame to implement Visa/MasterCard card acceptance at your merchant locations.
Training of your staff on card acceptance procedures and fraud prevention.
Once you start accepting Visa/MasterCard cards, you will confirm the excellent competitive advantage they offer as a means of payment for greater convenience, superior customer service, and cost, effectiveness.
Signage at your business locations
Signalizing your business location as a Visa/MasterCard merchant is the most effective way to attract customers who carry and use a Visa/MasterCard cards. Place Visa/MasterCard acceptance logos and decals in visible places, so that your customers can easily notice them.
If you need more information
Contact CUB for more information about the benefits and advantages of accepting Visa/MasterCard cards as a form of payment at your business locations. [email protected]