In recessionary times, people have a tendency to not pay their bills. It happens to the best of us, sometimes you have to put that money elsewhere. However, it becomes a problem for the people who are expecting that money. So naturally, you have to find ways to get that cash. We have called, written letters etc. Nothing ever works. The bottom line is. These customers don't have any steady business at the moment, cash is tight. So we have decided to try the next best thing. Credit. If you can't get payed with money, why not get payed with fake money or no money. You know what I mean.
As much as the fees can be another money problem. I hope that they will make it easier for customers to pay their bills. It's a no-brainer, really. Many companies and home owners use the card to pay for everything. This has been going on for long time. Finally, we jump on the bandwagon.
We hope this will be a good thing for the business and help our cash flow down the road. One thing you need when times are tough is cash flow from anywhere you can find it. Even if you have to pay 1.7% to get it.