Personal finance experts have long claimed that paying electronically leads us to spend more money. The ease, convenience, and intangibility, they say, all make us more likely to overspend, which for a business owner looking to increase the revenue generated by each customer is a very good thing. In the last few years, studies have confirmed this belief and highlighted the benefits for merchants that take advantage.
This infographic from Merchant Warehouse and Column Five explores the bottom-line impact of accepting credit cards and mobile payments instead of only cash.
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