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i) Convenience – removing administrative resources required by invoices, cheques and cash
ii) Immediacy – credit cards enable instant purchasing (without delay)
iii) Improved cash flow – payment at the time of purchase reduces the pressures caused by 30-day invoicing
iv) Growth – open additional payment channels via the phone, mail order and Internet and increase your customer base. More customers mean more revenue.
v) Competitive advantage – match and beat the services of your competitors and gain the edge
Kavungya answered the question on May 9, 2019 at 12:57
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