At One Payment, we love helping our merchants stay on top of their finances! In this article, we will provide you with great tips on getting the most out of your card processing needs!
Starting off Strong
While you might think that accepting credit cards is too expensive, you might actually be losing more money in the long run by not accepting electronic forms of payment. In addition, consider the convenience factor for your customers. More and more people are paying by credit cards these days, and most customers don’t carry large amounts of cash with them. When shopping, customers want what’s easy and convenient. Make sure that you’re able to keep up with the times and offer the best processing solutions for your customers!
Keep Data Safe!
We can’t emphasize the importance of keeping customer data safe enough. If you accept credit cards, you need to be PCI compliant. While PCI compliance is not mandatory by law, there are major penalties that can be involved with noncompliance. For a small business, these penalties could cause serious problems, not to mention the possibility of going out of business.
While the expensive equipment is certainly a con to accepting credit cards, the payment processor that you choose will affect the success of your business. However, with the rapid advancements in technology, you have several options regarding equipment. For merchants who want to go the e-commerce route, this option will allow you to sell your goods online. A huge perk of e-commerce is that it does not require modern card reader equipment, and you have the option of selling your products worldwide!
Cut Back on Those Fees!
While fees are inherent with any business, make sure that you select a processor that will work with you and your business. Make sure that there are no hidden fees or services that you’re paying for, especially if you don’t need them! By keeping tabs on your processing company, you’d be amazed at how much you can save!
With these great tips in mind, you’ll be well on your way to successful card processing in no time!