People do not like to go out with a bundle of cash in their bags. The use of credit cards are now the more secured way of paying for whether for shopping, groceries, dining, gym subscriptions and so many other types of establishments. Just like in our company, I can say that no one there does not own a credit card. That is why, a merchant account is very important for any kind of business, be it small or big. This will always be an advantage for obvious reasons right? If you go to a grocery store, which line has the most people? The counter that has a credit card machine! On the other hand, have you ever encountered a situation wherein you would like to buy a purchase with a very high price but you cannot because the store does not accept credit card? Whose loss is that? The merchant or the buyer? Who lost the possibility of getting a sale? It will always be the seller.
Whether it is an online business or not, I think that having a merchant account is necessary because of the above-mentioned reasons. Do you have a business? Does it accept credit cards for payment? If not, think again and act fats. You should get one or you never know how much you have lost already.