Card Acceptance

HOW CARD ACCEPTANCE CAN HELP INCREASE YOUR REVENUE

Accepting payment cards can enable merchants to increase the revenues, reduce cash handling costs and offer a better shopping experience to customers. The rapid growth of electronic payments such as debit cards, prepaid cards, and credit cards, offers major opportunities for merchants. Cash transaction can cause merchants additional money to process while at the same time exposes them to fraud and security risk.

Card acceptance has great potential in Cambodia market. The market represents by the inbound tourists and business travelers and domestic growth in card issuance. These segments keep growing year on year. Therefore, the merchants should not miss out on the opportunities and the benefits from accepting the cards.

THE HIDDEN COST OF CASH

The cost of handling cash is often hidden. Reducing the use of cash can benefit both the merchants and the wider economy. At an individual merchant level, cash handling can result in risk of cash being stolen, waste of time and travel expenses to deposit the money into the merchant’s bank account, likelihood of the counterfeit transactions, and poor customer experience.

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