Curious About Merchant Services? Find Out What They Offer
Are you looking for ways to get a leg up on your competition? You
should be. Your competition is always looking for ways to get a leg up
One way that more and more businesses of all sizes are
moving forward into the future is by taking advantage of all the
programs that a merchant services account can provide. A merchant
account can help you to accept credit and debit cards, take payments
wirelessly, set up loyalty programs, and much, much more.
aren’t looking into setting up a merchant account yet, you should start
now. Your competitors certainly are. Here are just a few examples of
what a merchant services account can offer your business.
Credit Card Processing
ability to process credit cards is only going to become more and more
necessary as the years wear on. Already there are people who will simply
not shop at cash-only establishments. Credit cards are safer to walk
around with than cash and infinitely more convenient.
all kinds of ways that you can accept credit card payments. One of the
most common is a retail swipe terminal. This is the machine you see at
pretty much any grocery store or retail outlet. Your customers simply
swipe their cards, and after the payment has gone through a series of
transactions, the money will be deposited into your business bank
One of the nicest parts about these retail swipe
terminals is that they have some of the lowest processing fees around.
Since credit card fraud is markedly lower when people use them in a
face-to-face situation, your merchant account provider doesn’t kill you
on the fees.
You can also sometimes get the credit card processing equipment
necessary to process credit cards for free when you sign up for a
merchant account. However, be sure to read the fine print. Sometimes
account providers will hit you with an exorbitant fee if you decide to
cancel your account. If you think you may want to switch providers at
some point, you might want to consider just purchasing the credit card
processing equipment outright.
because we are moving further and further into the digital age doesn’t
mean that some people don’t still like to pay with a good old-fashioned
paper check. With a merchant account, you can reduce deposit time and
never again have to worry about the dreaded “insufficient funds”
With a merchant account, you will be able to accept
checks just like they are a credit card. All you need is a piece of
equipment that easily converts paper checks into secure electronic
documents. You will be able to keep track of your records more easily
and all of your check payments will be guaranteed.
and more today, we have to take our business out on the road. Maybe you
run a lunch truck that drives around the city or travel around the
country to trade shows and art fairs. With wireless payment solutions
you can take payments from anywhere.
Let’s say, for example, you
run a restaurant. With a wireless swipe terminal, you can ring people up
right at their table, offer curbside takeout and you can even accept
credit and debit cards for home delivery.
Another way that you
can take advantage of wireless payments is if you run a large store
where you have a lot of customer service representatives running around.
Instead of having one employee help your customer find what they are
looking for and then send them to the cash register, they can check them
out from any location in the store.
Even if your business takes
you to the far reaches of the globe, you can utilize the “Store and
Forward” capability that many of these wireless swipe terminals have.
This allows you to swipe your customer’s card and store it in the
machine. Then, once you are back in a good coverage area, the
information will automatically be sent out and processed.
Gift Card Acceptance
able to accept gift cards is a great way to grow your business and
expand your customer base. It makes sense that if your business is doing
a good job keeping your clients happy that your clients will want to
share that great experience with their friends.
The nice part
about selling gift cards is that it basically works as a cash advance to
your business. This will do wonders for your bottom line. Beyond that,
many recipients of these gift cards will be new customers. Not all of
them will redeem their cards and when they do they will usually spend
more than the value of the card itself. It is a win-win for your
These are just a few of the many ways that signing up
for a merchant account can help to grow your business, no matter what
its size. Open your merchant account today and be ready to watch your
business flourish in the years to come.