As a successful small business owner, you already understand the value of being able to accept credit cards from your customers. Shoppers like the convenience payment cards offer, and they appreciate being able to manage their finances by using credit to their advantage. The same holds true for entrepreneurs like yourself, which is why small business credit cards are so popular and a necessary tool for running your operation.
Small business credit cards differ from personal cards because they are issued to firms rather than individual consumers, and they are intended to be used for business purposes only. According to a 2010 report to Congress by the Board of Governors of the Federal Reserve System, 83 percent of small businesses used credit cards as of the end of 2009. Of them, 64 percent used small business cards, and 41 percent used personal cards. [Read more...]