Accepting Credit Card Payments? Here’s How


How do your customers pay? Have they ever asked if you accept credit card payment? If you are still wondering if you need a card payment machine, then this article is definitely for you. There are so many reasons why you should take card payments. One of the most important ones is for your customers’ benefit. More and more people these days use their cards when they go out to shop or dine out. But how to start taking card payments?

If you have a new business and you haven’t started taking card payments yet, this is probably an option that you are willing to try. So let these steps walk you through the process of setting you up so you can start to take card payments.

  • Choose A Processor. It is important that you first consider this before you proceed. Should you be working with a direct processor? Or maybe you should opt for an aggregator or a merchant service provider? You also should consider the type of card payment processing that you need for your business.
  • Equipment Options. If you are planning to use a card payment machine, evaluate the type of equipment that you need. There is plenty of equipment to choose from. Whether you want to have an option to accept payments online or directly at your checkout counter. You can also choose equipment with features like a card reader or payment processing through a smartphone.
  • Compare Pricing Quotes. Before you decide, have at least three card processing companies to choose from. This way, you can compare rates and prices. This will help you figure out which of them offers the best deal.
  • Processing Fees. Knowing about processing fees will help you find the best deal for your business. This will also prevent you from getting services that you don’t need for the betterment of your establishment.
  • Understand The Contract. The contract will tell you everything. However, you have to understand it thoroughly. Find any hidden fees that were not discussed. Also, check out terms that can be negotiable.
  • Apply For An Account. Once you are sure that you have chosen the best payment processor and have taken care of the factors mentioned above, then it is time to apply for your card processing merchant account.

Now that you know what card payment machines are and how it can benefit your business, you are probably wondering if you need it or not. No matter what kind of business you have and you always have to deal with a huge number of customers daily, then you need to make sure that your payment transactions are fast and easy. So, are you ready to choose your service provider? If you are still undecided, always go back to the steps above to help guide you with the process.

Infographic created by Clover, a merchant services company

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