Entrepreneurs who’re concerned about the reliability and stability of their businesses will logically put up backup plans to support their important systems. This is obviously because industrial accidents, cyber attacks and blackouts are unpredictable and given no matter how cautious we are. So why not be just as defensive of your interests in your online or physical-location business? Here are the consequences of lacking a backup plan;
Disruption of normal operations
Customers hate the idea of waiting in lines only to realize that you’re shop’s credit card device isn’t operational? Not only because they may not complete the purchase for lack of cash but also because they spend more paying in cash, more so if it’s a costly item. Such inconveniencies will only leave your business aggravated and make you lose revenue.
If the above scenario occurs at your premise, chances are that the customer is more likely …Why Your Payment Processing Needs a Backup Plan Read More