For small companies that hope to become big, using a merchant service — also known as an independent sales organization…
For businesses that need their first merchant service, questions arise about the costs, security, and business value of merchant accounts. Below, we answer some of these questions to give an idea of the types of services accounts entail. Before applying for applying for an account, a business should have its questions answered in full. Otherwise, a provider may charge fees and other requirements that remain undisclosed.
For a merchant to run a profitable business, it must honor its customers’ buying preferences. That’s why most merchants implement account services that facilitate multiple means of payment. However, processing payments could require more than account setups. It could also require equipment used for credit, debit, and checking transactions. Below, we look at merchant service processing equipment that lets merchants accept credit, debit, and check payments in the blink of an eye.
For many businesses, the dividing line between staying small and growing bigger is opening a merchant service account. When a business is small, it often accepts cash and checks as a way to avoid merchant fees. But, as time goes on, credit fees pale in comparison to the money a business loses by not accepting credit.
Credit card transactions now total over a trillion business dollars a year. Any merchant not getting involved with this total may be missing out on potential profits. Even the smallest company should accept credit transactions to match or rise above their competition. Your company must gain the help of a merchant credit processor to get in on the action.
When a business opens a merchant account, it often has questions about the role of the account issuer. Despite its ongoing service to a business, the role of an account provider can seem obscured by its “middle man” status, a status that most businesses wish to have clarified before they open an account. Also known as an ISO (independent service organization), a service provider plays a crucial role in the merchant service industry. Below, we answer frequently asked questions regarding ISOs to clarify their role.
To maximize their selling power, many businesses contract with a merchant service. But how much a business benefits from a merchant service involves more than payment options. It also involves how merchant services operate: with professionalism and foresight, or with ineptness. An inept service can jeopardize its clients’ revenue in several ways; particularly concerning charge back fees and customer defection. Below are six tips for avoiding these types of providers.
Ecommerce refers to payment transactions that occur over an electronic system. Today, however, the term is predominately associated with online transactions between an Internet merchant and consumers. Compared to transactions by mail and telephone, online transactions involve less service expense due to reduced overhead. If your business isn’t reaping the benefits of online payment, below are seven reasons to explore the offerings of online account providers today.
Despite the Internet’s popularity as a payment venue, some businesses aren’t reaping the benefits of doing business online. To assess the value of becoming an Internet ecommerce merchant, businesses should assess Internet ecommerce from two perspectives: a business perspective, and a customer perspective. This will it allow it to choose the account that meets its needs. Below, we examine the benefits of Internet ecommerce services from each perspective.