Today, Wednesday, January 23, 2019

Things to Think About when Choosing a Payment Processing Company

Doing business online has become very popular in recent years, with many people doing the majority of their shopping online. A growing concern to many buyers is the security of their online payments. When you're buying something online from a company that's unfamiliar to you, your first question is going to be "How do I know my money is safe?" As a business just starting out, it's going to be your job to ensure your customers that their money is safe when they do business with you. This will be vital to the success of your business.

To be successful at your business, you need to be able to accept both electronic check and credit card payments both quick, affordably and safely, preventing fraud and making your customers' money safe. I don't know about you, but I tend to steer away from companies that will only take checks or money orders. I feel more secure when doing business with a company that will take all methods of payments. Many buyers feel the same way. If your business is able to process credit and debit card payments, you'll get a lot more business, especially if you can ensure the security of their payments. Here are a few tips on how to do this.

This is the day and age of credit cards. Buyers aren't going to take the time to run to the bank and pay for a cashier's check or money order when they can just as easily go to the next website like yours and get their product with a credit or debit card. With the installation of a secure payment processor system, you'll be able to accept debit, credit or even gift cards from your customers, making it convenient for them and your business. All you'll need is an internet connection on your computer and a credit card reader. While the initial investment of these few items may seem high if you're just starting off, you'll reap the benefits very quickly once your business gets going.

Before you rush out and buy the first thing you see, do some research on companies like ECHO, VeriSign or Authorize. Check out each company thoroughly to determine they offer in the way of fraud protection, online account access and technical support. You'll want a technical support that runs 24/7. Compare the price for each service and see if there's a minimum requirement each month. The fee they charge will depend on how many transactions you make each month and the type of service your business requires. After you've researched each company, choose the secure payment processor that best suits your needs.

You may want to ask the payment processing company which credit card reading system they recommend. Once you get your system, inform your customers that you accept credit and debit cards. You're now all set to go.

Sign up for our Newsletter
Email Address:

Contact Us