Credit Card Processing
The benefits of using credit card processing services
Credit cards are a ubiquitous method of payment these days, and nothing kills the sale faster than telling a customer you can't accept his or her type of card. Increase your ability to process credit card payments with a credit card processing service.
Credit card processing services are financial organizations that handle credit card transactions on behalf of merchants. In the past, banks often performed credit card processing for business owners who had merchant accounts with them, but these days, many of these services are independent.
The advantage of using an independent service for credit card payment processing is flexibility—these services generally allow businesses to accept cards from a wider range of providers without the hassle of operating numerous networks.
Of course, streamlining to a single network also has financial advantages. Paying processing fees to each individual credit card provider can really add up, and businesses will often refuse to accept certain kinds of cards, to save on those fees. With a credit card processing service, however, business owners can pay one low price and still handle numerous types of cards, giving them more bang for less buck.
Credit card processing services can be especially useful to small business owners, offering them convenient, low cost credit card processing that allows them to compete with larger companies despite having fewer resources.
How to Choose a Credit Card Processor
The key to finding cheap credit card processing is to pay only for what you need. Before choosing a credit card processing service, then, make sure you know the approximate number of transactions you handle each month, as well as the average amount of each sale. With this information, you should be able to better determine which processing services are best for you.
You should also keep in mind that processing services may specialize in either point-of-sale (retail/in-person) transactions or online credit card processing. Choose one that has a proven track record in the medium you use for business. If you conduct both traditional and online sales, either identify which medium provides the bulk of your transactions or find a company that has departments for both areas.
For added value, consider seeking a credit card processor that also offers mediation in case of customer dispute and/or protection against theft and fraud. These services can be of great benefit to both you and your customers.
Please fill out the form on this page to get credit card processing price quotes.