Want to accept credit cards from your clients, but not sure where to start? It may all boil down to which credit card processing company you choose to do business with. It is safe to say that there is an endless list of merchant service providers out there. Credit card processing companies offer mobile credit card readers, counter equipment, and virtual terminals. Instead of opting for all the latest bells and technological whistles, keep the focus on fees.
Are All Credit Card Processors the Same?
Small businesses that want to accept credit cards from clients will need a merchant account. This special type of account acts as a go-between from the customer’s credit card account to your bank account. The merchant account is where the money goes during verification. Merchant account companies along with Visa/MasterCard/Discover charge a small fee for the total monthly sales, and also additional processing fees, gateway fees, and any number of special fees.
If business owners don’t take notice, they could end up giving a large percentage of their profits to these processing companies. It is better to choose a merchant provider that is not only affordable and reliable, but also willing to help you when a problem arises. If you shop around, you can find credit card processing companies that offer merchant accounts which provide your business with a valuable service for low fees.
The best credit card processing companies keep their plans simple. They should provide the kind of service that people hope for, but which they don’t really expect anymore. Choose a company that has transparent practices and integrity, to ensure a long-lasting business relationship.
