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How accepting credit cards cost his business $8000

Chris only accepts cash and verified cheques

A friend of mine, Chris, owns a lumber company. One of the smartest, shrewdest guys I know.

Last year, a credit card payment from one of Chris’s customers “bounced back.”

The credit card company refused to complete the payment.

Chris was out $8,000.00!

The wood had already been delivered and used. Chris couldn’t go take it back.

There was nothing Chris could do.

Think I’m making this up?

Here’s the bottom line: Chris only accepts cash and verified cheques for payments now.

He won’t take credit cards.

Are electronic payments really the smartest way for you to do business?

Could your business afford an $8000 loss?

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