openPR Logo
Press release

Shoppers turn to plastic for everyday goods.

02-08-2011 06:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Business Cash Advance

/ PR Agency: Plinkfizz
A new report indicating that more and more people are using credit cards for everyday purchases is good news for businesses that take credit cards – even for small items.

This is because having a year’s worth of credit and debit card receipts makes a business – no matter how small – eligible for an advance from Business Cash Advance.

According to the latest Post Office Consumer Credit Report, a third of credit card holders spent January relying on plastic to cover day-to-day spending. The report said more than 11.5 million people used their cards to fund daily purchases. Figures in the report indicated almost half of credit card holders used their plastic for grocery shopping.

However while personal finance experts warn this could be a sign of financial distress it can also be seen as a sensible and convenient way to pay for everyday items. And with Business Cash Advance repaid through credit and debit card receipts, this means more retail outlets will be able to take advantage of a Business Cash Advance.

Commented Richard Morley, Business Cash Advance director, “The savvy shopper used credit cards to buy items as this gives them insurance and when paid off in full each month, this is a very wise way to use cards.

“Once we wouldn’t have dreamt of using our credit or debit cards to buy groceries or in the newsagent. Now it’s quite common. This increases the number of businesses that can make use of a Business Cash Advance as you only need 12 months of receipts in order to qualify for a business cash advance from us.

“And as we’ve seen with the retail figures out for December, while large stores, chains and shopping malls may have suffered in the snow, small shops did very well. As of course did online shopping and you need credit or debit cards to take advantage of that.”

A Business Cash Advance is unsecured and repaid through future credit and debit card receipts.

Founded back in 2003 Plinkfizz has grown from an effervescent marketing consultancy to a place which is just bubbling over with talent to make all your communication needs a reality.

Plinkfizz
8 Albion Street
Hanley
Stoke-on-Trent
Staffs
ST1 1QH

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Shoppers turn to plastic for everyday goods. here

News-ID: 161676 • Views: 887

More Releases from Business Cash Advance

Need to celebrate saves many retailers
It wasn’t just love that flourished on Valentine’s Day! While Christmas may have brought little cheer to many high street retailers, it appears that the need to celebrate remains strong with the buying public as Valentine’s Day was a godsend for florists and Mother’s Day and Easter are also promising to help them as well as hairdressers restaurants and pubs. “An advance from Business Cash Advance has helped many of our

More Releases for Plinkfizz

Steelite sets sights on Central and East European growth
Pottery giant Steelite International is setting its sights on major new markets in Central and Eastern Europe (CEE) – with ambitions to double sales and become one of the continent’s leading hotelware suppliers. The CEE nations are Steelite’s fastest growing market with the hotel industry set to rapidly develop as nations such as Poland gear up for the 2012 soccer European Cup and Russia’s 2018 World Cup. To ensure Steelite International capitalises
Need to celebrate saves many retailers
It wasn’t just love that flourished on Valentine’s Day! While Christmas may have brought little cheer to many high street retailers, it appears that the need to celebrate remains strong with the buying public as Valentine’s Day was a godsend for florists and Mother’s Day and Easter are also promising to help them as well as hairdressers restaurants and pubs. “An advance from Business Cash Advance has helped many of our
Business Cash Advance says light in gloom of poor sales figures
A company that offers advances to small retailers who then repay the money via their credit and debit card receipts says there is much to be cheerful about in the light of very poor retail sales figures announced for December. Though the retail sales figures announced in January showed a decrease compared year on year, this was to some extent expected because of the snow and very unusually cold weather
Business Cash Advance launches radio campaign
This week, Business Cash Advance takes to the airwaves with a radio campaign in Manchester aimed at garages, hair salons, restaurants and other small businesses and retailers that can benefit from Business Cash Advance. The aim of the adverts is to make it clear that while banks are still not lending to small businesses, Business Cash Advance can often step into the breach. Unlike banks, BCA advances cash to a retailer based