Whether you’re ready to start accepting credit cards at your new business or you want to switch processing providers, there are many merchant services companies which will give you all kinds of offers. Some may provide free equipment, others will emphasize low rates, while still others will make a case for flat rates and limited fees. With so many choices, how do you pick the provider that’s right for you?
If you're like most business owners today, you want simple, easy-to-use credit card processing — with zero hassle. Here are some questions to ask when you're choosing a payment processing provider:
1. How much will you be charged?
High rates and fees take the convenience out of merchant services. You need a solution that's fair to your business — and that means no hidden fees. Ask about all the factors that could affect your rates, like:
- Equipment
- Technology
- Security and PCI
- Contracts
- Cancellation
Make sure the rate you're getting works for your business processing volume and its structure.
2. How are payments kept secure?
It's in your best interest to make sure the payments you accept are secure, not just for your business, but for your customers, too. Protect your business against fraud with EMV chip card terminals. Ask the merchant services providers you're talking to about their PCI compliance standards. What kind of security measures do they have in place to proactively protect your business?
3. What kind of support will you get?
Ask providers what they can offer you. From free equipment with the latest technology, to 24/7 customer support, your business deserves to have merchant services that are reliable, secure and available. You're looking for a partner who has your best business interests in mind, right?
The bottom line is that to select the provider that’s right for you, you need to do your research, and you need to ask the right questions. Your merchant services provider can become your partner for success, so make sure you choose wisely.
Want low rates, secure payments, free equipment and constant support? At North American Bancard, we're here for you. Visit www.northamericanbancard.com to see how our merchant services can help your business grow.
