Only three out of 10 small and medium-sized companies accept
card payments, rising to 54% in the case of medium-sized companies, according
to a study carried out by Inmark Europe for Mastercard Portugal.
The "Card barometer for micro-enterprises, SMEs and
medium-sized enterprises" also revealed that those that accept payments
with cards justify this decision with ease and convenience in payments (60%),
security (33%) and with the improvement/facility/speed of sales (32%).
This analysis includes companies with a turnover of less
than 50 million euros in 2020 which was reported by NM.
Small/Middle sized businesses tend to avoid the card payment like the plague, it costs them to much. Example from grocery store last week: the cashier lady, given the choice between card w/out change hassle, and 10 euros bill to pay for 5,25euros, she chose giving me the change of 10 euro bill instead. Example shows how costly it is for smaller businesses to provide that ease of card payment for costumer.
By guida from Lisbon on 06 Jan 2023, 05:40