In my previous post we discussed how plastic money tends to make us spend more than we originally planned. This is because you don’t really feel that you are parting from your money at all when you make a purchase. This fact has been used by many merchants to attract more customers and boost up their sales.

As I mentioned in my previous post, an experiment using a vending machine was done in an ice ring in Texas. They replaced their old machine with a new one that was able to receive payment by plastic money. This boosted up their sales by 35%. People there reported that they were happy with the new machine because it was more ‘convenient’.

While as a credit card holder, you should be aware that payments using plastic money tends to make you overspend, as a small business owner you should also see the opportunity to boost up your own sales by being able to receive payment by plastic money. People tend to easily go into shops and purchase more when they see a little sign that says “credit card accepted”. Being able to receive plastic money will help you increase your sales.

A great plastic money processor solution for processing merchant accounts that I found is Five Star Payments. Whatever your business needs, they are specializing in helping you get the best type to receive payments either retail or online businesses.

What I think is interesting about Five Star Payments is they actually help you review your business to give you exactly what it needs to increase your profits. The chances for businesses to be approved with them is also better than with other merchant accounts processor. If you feel that you have bad credit or have a business that involves high risk ventures, Five Star Payments seems to have a suitable solution for you.

What is even more interesting for me is that it can actually receive online transactions, which would be the best type for me personally as an online entrepreneur. With not so many items to sell online, I don’t even need to set up an online shopping chart. All I need is just sent customers through to their gateway and let the system securely process the order.

If you have read my article on “Soaring Above the Financial Storm” you might have decided to not be financially dependent on your employers but find a way to create your own income streams. If you have a business already or are still thinking of setting one up, bookmark this site, Five Star Payments, you may need it in the future.

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