More SMEs considering card payments

A survey of SMEs carried out by First Data Merchant Solutions has shown that many small businesses have a lack of knowledge about how the system works.

83 per cent of businesses that do not currently accept card payments have said they have considered introducing a system, but 77 per cent said they had little or no understanding of how card processing works.

81 per cent of respondents were concerned about the associated cost and risk of credit card fraud when considering whether or not to accept card payments.

 

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