Infinity Payment Systems

3 Types of Customer Payment Options

3 Types of Customer Payment Options

When you start owning a small business, you might be tempted to say that you will accept any type of payment. However, this can be a dangerous practice to set. While payments come in various forms, some methods are more trustworthy than others.

Infinity Payment Systems, an expert source of payment processing solutions in Wilmington, North Carolina, lists down the different types of payment customer payment options – and which ones your business should accept.

  1. Cash

    Did you know? Statistics show that more and more Americans say they do not carry cash. In an average week, approximately 3 in 10 adults said that they make zero purchases using cash. As such, you might consider making cashless transactions.

    However, do not count those paper bills out just yet. Cash still continues to be the most frequently used payment method, representing 30% of all consumer transactions, more than credit, debit, checks, or electronic. Moreover, with cash payments, you do not have to worry about transaction fees, bogus debit or credit cards, bounced checks, and you receive payment immediately.

  2. Credit and Debit Cards

    While credit and debit card transactions come with a lot of fees, running a cash-only business can turn away a significant number of customers who are unlikely to be carrying cash. Statistics reveal that Americans between the ages of 18-29 years (65%), 30-49 years (82%), and 50-64 years old (78%) currently use credit cards. That said, it would be unwise to operate a business that does not accept payments using credit and debit cards.

    Virtual terminals, credit card processors, and payment gateways – these terms may sound intimidating for first-time business owners, but doing careful research can help you find what you need. Also, consider working with our team. Rest assured, we are experts when it comes to your transaction processing in North Carolina and we can help you find a system that is both user- and budget-friendly.

  3. Checks

    Accepting checks can come with significant risks for both businesses and customers alike. They also present risks (i.e. sensitive information, false checks, etc.) beyond those associated with other payment methods, so proceed with caution. Most businesses only accept in-state or local checks. Non-personalized checks, unnumbered checks, and starter checks should not even be considered.

    If you can trust your employees to carefully examine every check you receive, you can consider accepting checks from your customers. However, it is something that you must carefully consider before making any final decisions.

The Bottom Line

Each payment method has unique advantages and disadvantages. No one type of payment method is best – it depends on the needs of your business. When choosing payment methods, think about how their advantages and disadvantages affect your business operations and customers.

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  • I was previously with a national card processor. I thought I had received the absolute best rate and terms. That is until I met Kyle and his wife in my store one day. He was not pushy or high-pressured but said he would be more than happy to review my plan that I had just signed on to. Not only did he beat my 'best' rate from the national company, he offered me personal, local customer service you just can't get anywhere else. Although this is professional company, I truly was made to feel like I was part of the family. From day one, Kyle and his father made sure that every question I had was quickly and properly answered. They went out of their way to make me feel like I was their best customer. I will recommend this company to anyone at any time. If you have a question, feel free to message me. I believe these guys to be the best in the business and look forward to many years of a satisfying business relationship with them. Thanks Infinity! Lou's Flower World
  • It is refreshing to do business with a local, family-owned and operated company that is honest. Payment processing is sadly an industry full of scam artists and Thomas and his team at Infinity are incredibly honest and affordable with several options for small and large businesses. Thank you for your help! Carolina Commercial Properties
  • I could not be happier. Infinity essentially cut my merchant fees in HALF, and showed me clearly how I was being cheated by the cc processing firm I *had been sold to*. Next day deposits, great customer service and support, local business - what's not to like?? DogTrain
  • My name is Lior and I am the owner of The Cigar Exchange located in historic downtown Wilmington. My decision to use Infinity Payment Systems as my merchant services provider has been absolutely one of the best business decisions that I have made. Thank you very much Kyle, You're the best! The Cigar Exchange
  • We highly recommend Duane and Infinity Payment Systems. He is local, and in addition to great rates, he offers awesome customer service Capital Auto Repair & Service
  • Our rates were lowered to a point that no one has been able to touch their rates…whenever we need them, they are right there for us Apex Transmissions
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Proudly serving honorable business owners just like you since 1999.

1430 Commonwealth Dr., Wilmington, North Carolina 28403
Phone Number: 800-706-7591 |

Infinity Payment Systems is a registered ISO of Wells Fargo Bank, N.A, Concord, CA.