The Personalized Potential of Credit Card Processing Service
 
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PostPosted: Fri Oct 07, 2022 8:33 pm    Post subject: The Personalized Potential of Credit Card Processing Service Reply with quote
Most of us stopped paying cash for our purchases long ago. We have debit cards and credit cards and expect to use them for most of what we buy. If you are starting a new business, you should expect that your customers will want to use their credit or debit card when buying from you. Very few of us carry a lot of cash and we don't want to go to an ATM to pick up money and then go back to your business to buy something if your business will not accept credit cards.

How do you get started? You must decide which credit and debit cards you will accept. Most businesses accept MasterCard and Visa but do you also want to accept American Express and Diners Club? The charges for each type of card will vary, depending on the number of transactions you process and the size of your transactions.

In order to accept credit cards, you must open an account with a credit card processing servicer, also known as a merchant selling credit card processing account. If you look online, you will find plenty of these type of processors (or you can look for merchant services). Call around and get quotes from these providers for their set up and processing fees. The processing companies may also charge you a statement fee, an early termination fee, or require a monthly minimum in amounts that you charge. You will be paying for a terminal that will swipe the credit cards. The fees will differ based on whether your business is online only or brick and mortar only or both. The number of locations that your business serves will also affect the cost of credit card payment processing services. Write the quotes down from at least 3 processing businesses.
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