Your Business and Credit Card Payments
The first step will be to consider the specific needs of your business. There are so many moving parts and confusing aspects to accepting credit card payments that it is different for every business.
Understanding what credit card brands to accept is an important factor. Brands like American Express and Discover all contain their own unique set of interchange rates and interchange fees which can be costly.
It is important to recognize that each of these credit card networks has varying transactional fees and policies, so it’s critical you make an educated decision based on the needs of your business.
Another important factor to consider is how you are going to accept payments. Will you be accepting in-person payments, running an online business that only accepts online payments, mobile payments like Apple Pay? There are so many options available to consumers that you need to understand the difference between all of them and how they can affect your bottom line.
If you’re a retail business focusing on in-store transactions, a point of sale system that integrates with your credit card processor and terminals is a must. If you’re going to focus on online and mobile payments, you can process payments on your mobile device with a mobile card reader or by using virtual terminals.
You must continue staying up to date with technology and listen to your customers and adapt to how they would like to pay for your goods and services.
We Can Help You Set Up Credit Card Processing for Your Small Business
When it comes to finding the right payment processing solution for your business, Grant Merchant Services has the industry knowledge and experience. We work with you to learn about your needs, discuss your options, and implement the solution best suited to your business.
Contact us today to request a free quote and business analysis.