Credit Card Processing Online
If you already have a website with a storefront and a shopping cart, setting up payment processing is simple. Choosing a merchant account provider also means you won’t need to worry about paperwork problems or handling the security, which alone is well worth the cost. Depending on the processing company you choose, they may have you route customers to their shopping cart from your website or embed a payment button directly onto your website. When looking at credit card processing reviews, it is important to look for a good provider who will offer 24/7 customer service and assistance with this setup*. At this point, some of your primary concerns should be security, versatility to accept any form of payment at any time and reliability to ensure your website can accept sales at any time. You’ll also need to compare costs between providers within credit card processing reviews as they can vary.
Types of Providers
There are now hundreds of companies offering credit card processing services. The most affordable and versatile option is a merchant account, which is basically a special bank account that lets you accept payments. When looking at credit card processing reviews, you will find that the downside to third-party providers is they charge much higher fees than a merchant account. As your business grows, you’ll find these options simply aren’t cost-effective and you will end up moving on to a merchant account.
How to Find a Good Provider
When it comes to credit card processing online, look for a provider that has a long history of offering online merchant accounts based on credit card processing reviews. Keep in mind online fees are different than traditional merchant accounts as there is more risk involved with these transactions. Before you sign up with a provider, make sure you get a quote that’s specific to your business. This means the rates they quote you should apply to most of your transactions, not some fictional business with in-person transactions. With an e-commerce business, it’s also essential that you choose a provider that offers dedicated support available 24/7 to help you if you run into technical difficulties.
When looking at credit card processing reviews, avoid credit card processing companies with start-up fees or long-term contracts they want you to sign. While the industry average contract is 3 years, there are providers who offer month-to-month contracts with no cancellation fees, which is essential. After all, if you aren’t happy or you find a better provider, you should have the freedom to leave at any time. No provider should be allowed to charge you for offering sub-par service.