Know What the best Credit Card Processing for Small Businesses are with These Three Simple Tips

June 25, 2014

Knowing what the best credit card processing for small business is is vital if you expect to handle many transactions of this type. However, with the multitude of services available, choosing one can be quite a challenge. Therefore, here are some useful tips when picking up a service to use.

Tip no. 1: Get only the services that you need

One of the things that you will likely notice is that many credit card processing for small business companies throw in a lot of features to attract clients. However, depending on the kind of operations that you run, you will find that many of these extras are not useful.  Do know allow yourself to be charged extra for something that is not valuable to your business.

However, the tricky part is deciding which services you will actually need. When evaluating credit card processing for small businesses, take a look at how your business operates.  If you are not expecting to handle a lot of credit card transactions on a regular basis, a third party company offering basic payment processing services will be enough. On the other hand, if credit cards are listed as one of the business’ major modes of payment, then consider getting a full-fledged merchant services provider to accommodate your credit card processing for small business needs. These offer more than just payment processing and can help you handle other card-related matters.

Tip no. 2: Assess customer service and security features

Another major determining factor when discovering which is the best credit card processor for small business use is customer service. Therefore, before signing up a potential processor, ask for a copy of their full customer service terms. What you would want to look is how they receive and respond to client inquiries and concerns. In particular, make sure the company provides both phone and email services. A credit card processing for small businesses provider that offers a large array of online training and resources for the use of their services is also a great candidate.

When it comes to security, one sign that a particular credit card processing company has sufficient measures is if it certified for PCI compliance. However, do not stop there. A good candidate will be able to help you maintain your own compliance status. Checking the organizations that the company is affiliated with will also give you a good picture of the level of credit card security they provide.

Tip no. 3: Ask about exits and other matters

Remember that, while everything might run fine the first few months, something can happen that will cause you to want to opt out the contract. Most credit card processing companies provide this option. However, it is the cancellation fees where they often differ. A preferable rate here would be just under the $400 mark.

Also, everyone interested in credit card processing for small businesses should not forget to go through every fine print that you see in the contract. The contracts often contain the reasons why you might want to cancel it later. To avoid that, thoroughly discuss and clarify them with the service provider before signing up.

 

What to do if your merchant services credit card processing account is declined

May 30, 2014

You applied for a merchant account so that you can enjoy merchant services credit card processing, but your application was declined.  Now what?  First of all, stay calm.  Different financial institutions asses risk differently.  For example, some people might consider travel a “risk” but others may cater to that type of business. 

The company you applied to could just not be the right fit for your merchant services credit card processing needs.  You may have to do a lot of research and...


Continue reading...
 

Why Gift Card Programs for Small Businesses Matter

May 1, 2014

Without much dedicated thought on the subject, gift card programs for small businesses may seem like just another thing for owners to worry about.  However, that could not be further from the truth.  Gift card programs for small businesses do more than just put another card in peoples' wallets.  For those willing to listen, they speak volumes about a business.

One of the main reasons why gift card programs for small businesses matter is because it speaks to the level of implicit faith the cu...


Continue reading...
 

What to look for in a tablet POS system

March 28, 2014

There is no denying that tablet POS systems are the hottest thing right now when it comes to small business payment processing.  However, there are a few things to consider when evaluating which tablet POS system is right for your business.


Is it easy to use?


One of the first questions you should ask is “is this tablet POS system going to be easy to set up and use every day?”  The best tablet POS systems are all-in-one, out of the box solutions that require minimal training.   It sh...


Continue reading...
 

Tips to Help You Keep Your Merchant Account Services Up to Date

February 27, 2014


You have taken great care in starting your business. Deciding to add a credit card processing terminal and merchant account services is one of the most cost effective and efficient ways to maximize profits and minimize losses due to offering cash only sales. Whether your business is big or small, a merchant service account and credit card processing terminal offers various solutions to completing sales as well as managing accounts receivable transactions. Below are some helpful tips on proper...


Continue reading...
 

Advantages of Gift Card Programs for Small Business

January 24, 2014

If you are a small business, have you considered the advantages of gift card programs for small business? Gift cards are a great way to increase your branding by promoting your name on a larger scale. They also increase your visibility to the receiver of the cards, as well as the customers who purchased them. You can make gift cards for small businesses for any amount you think customers would want to do, or create them in an unnamed amount and let the customer define it.

Here are some other...


Continue reading...
 

Keep Profits Rolling in All Year Long With Gift Card Programs for Small Businesses

December 17, 2013

The holiday season usually arrives with a boost of customers to top off your annual sales. What if you could figure out a way to keep that momentum going all year long? That's what gift card programs for small businesses can do.

If your customers enjoy patronizing your unique business, they will probably be thrilled to share your goods and services with everyone. They might even purchase items from your business for some of the people on their gift list, but….

·         Some people are s...


Continue reading...
 

Merchant account terminal FAQs

November 25, 2013

What is a merchant account terminal?

A merchant account terminal is a device that swipes the card that is processed through a merchant account.  A merchant account is a specific type of account that allows your company to accept several different types of payment, including credit cards, debit cards, and gift cards. The merchant account service has an existing relationship with a payment processor that will allow you to accept credit and debit cards.  Additionally, payments and fees can be e...


Continue reading...