When choosing a credit card processor, there are several things that you need to consider. Contrary to popular belief, it’s not as easy as it seems! However, do not despair! In this article, One Payment will provide you with some tidbits to consider when choosing the terminal that is right for you!
Is It Worth the Upgrade?
In this day and age, something that’s current today is outdated tomorrow. The last thing that you want is to purchase equipment that will only last for six months before the next upgrade rolls in. You need to make sure that you select equipment that will serve your business for a long time, while still maintaining the ability to ensure compliance standards.
When choosing a processor for an upgrade, remember that it must be compatible with your existing equipment! The last thing you want is equipment that you have to reconfigure from the ground up! Make sure that your upgraded reader can process chip debit and credit cards, as businesses are now liable for any fraudulent transactions that were not completed with a chip. While most business owners have upgraded their equipment, others are still using the old equipment, a risk which increases with each passing day.
Read before You Sign!
Finally, make sure that you sign with a processing company that is right for you and your business! Don’t get locked into a multi-year agreement if you don’t think it’s the right move to make. If you’re reading online reviews that seem fishy, listen to your instincts! Be proactive and talk with other business owners you know to see which processors they use. Do your homework, read reviews online, and go with your gut instinct on which company can best serve your business!