Why you should accept credit cards and where to start
Today’s economic landscape is changing rapidly, and smart business owners know they need to keep up with technology and evolving customer needs. The most recent trend that shows no signs of abating is customers’ electronic payment needs. More people than ever rely on their credit cards to pay for all kinds of purchases. Any retail, wholesale or internet business that does not accept credit cards for payment for goods and services is definitely missing out on some of that business. But how do you start setting up your credit card processes and team?
The easiest and fastest way is to do a little research on merchant service accounts. Merchant service providers offer a range of services that can simplify the credit card process for you. From free equipment to 24/7 support, you’re sure to find exactly what you need at one of these service companies. Be sure to ask the right questions, related to your specific business and customer needs, and then determine which merchant account is right for you.
For example, if you have an internet business, you probably want your customers to be able to order your products at any time of the day or night. This means you need to know that your credit card processing service offers you all of these hours as well. A truly reliable business service provider will not only provide you with the equipment and software you need to run your business around the clock, but will also maintain a team of experts for the same periods of time. These experts will be available to answer questions or help you resolve any issues that may arise. In the middle of the night, this can be a real stress reliever.
If you’re a doctor or other healthcare provider, you’ll want to be able to offer your patients the ability to pay for your services quickly and easily. After all, your patients are probably not going to feel well and want to go home. They also want the peace of mind that comes from knowing that your credit card collection system will keep their credit card and personal information safe and secure…as safe as their health is in your hands. A physical store will also find credit card payments useful. A merchant services account for this type of business gives customers an easy way to pay for purchases. They will remember how easy and secure your system is, and this will make them tell their friends, which will make your business grow every time.
No matter what type of business you run, you’ll want to have access to your incoming funds as soon as possible. A merchant services account can get you the funds from the customer’s credit card payments the next day. This allows you to manage your cash flow more efficiently and gives you the money you need to order supplies or inventory in a much more timely manner. Believe it or not, many of your clients will also appreciate this quick dispersal of funds. Many people check their credit card accounts daily and it helps them know when a charge has been made correctly.
You may have special needs that can be met through a merchant services account that accepts credit cards. For example, many of these services will help you design customer loyalty programs or gift cards. This helps your business stand out, which in turn attracts more customers. What employer wouldn’t appreciate this benefit? When researching business service providers, be sure to ask about fees. Many companies offer great deals that help you keep costs down. You can then pass your savings on to your customers or use them to expand your business. Either way, you’re sure to bring more customers through your door and keep the customers you already have.
One place to start when looking for a merchant service provider that offers credit card processing is the Internet. Another great resource is the bank you currently operate with. Contact your own banker to see if you can set up an account through that institution. Existing merchant customers often find they can get even better terms on their merchant accounts when they sign up through a banker they know.
Make sure the hardware and software that comes with your merchant services account is PCI compliant. This is a government requirement for anyone who accesses or stores customer credit card information. Most merchant service providers are up-to-date on their compliance, but it’s always a good idea to check. Your customers will appreciate it, knowing their credit card details are safe in your hands. And safety is what it’s all about. Take some time now to learn more about merchant accounts and how they can help your business grow in the future.
#accept #credit #cards #start
