That HAS to be nicer than staying after hours.
Standalone virtual gateways streamline other tasks for businesses that can’t integrate payments
While some businesses would be perfect candidates for payment integration for MOTO credit card processing, others use special procedures or have certain ERP systems that make integration impossible. What are they to do?
Well, no matter what, they don’t have to continue using a physical terminal. One consistent feature of all physical terminals is their lack of any sort of reporting tools or customization. A virtual gateway gives merchants a starting point for better reporting, filtering transactions by channel (for example, shopping cart purchases, mobile purchases, and phone orders), by user (if you want to measure individual performance), and, simply an easier processing experience. Whereas terminals simply accept transactions and spit out a piece of paper, virtual gateways crunch numbers and do other work for you, saving you an untold amount of time generating data.
Technology reduces basic transaction costs for MOTO credit card processing
In addition to increased efficiency, using either a payment integration or a virtual gateway for MOTO credit card processing can sometimes lower the final cost of accepting credit cards for payment. A lower base price can be obtained when the back end of the payment module or gateway gives additional information to Visa, MasterCard, and card-issuing banks; when the card-issuers receive the extra data, they reward your processor with a lower cost, which can then be passed on to you as an advantage of doing business with that company.
The interchange (base) costs make up the bulk of what companies pay in transaction fees, so it’s a bit different than your processor’s profit margin, which you can obviously negotiate directly with them.
For MOTO businesses, the advantages of the payment integration and the virtual gateway may have been hiding in plain sight all along, but it certainly isn’t too late to see how they might positively affect your business, by saving time and even improving overall morale. When thinking about yourself and your workers, all of whom spend a third or more of their living hours under your company’s roof, it’s an effect that can’t be overstated.
Use the links above or click this one here to schedule a call back from Century Business Solutions to discuss which MOTO credit card processing solutions will make your payment acceptance as efficient as the rest of your business. Or, choose one of the links below to read about the plugin that fits your exact software: