How To Set Up Credit Card Processing For Your Business

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How To Set Up Credit Card Processing For Your
Business
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Credit Card Processing For Your Business?

• A merchant account  lets your business
  accept debit and Credit Card Payments. Setup
  merchant account for your business, requires 4
  steps of processThere are two ways to get
  a merchant account both require that you enter
  into an agreement
• Enter into an agreement with a
  member bank that has a processing relationship
  with Visa and Mastercard.
• Enter into an agreement with an
  authorized agent of the member bank, such as an
  independent sales organization or member service
  provider (ISO/MSP).

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Determine how credit cardpayments work with your
business

• What types of credit card brands do you want to
  accept? Visa and Mastercard are standard, but is
  it important for your business to also accept
  other card brands, such as American Express? 
  Youll want to be prepared with a list of credit
  card brands that you want to accept.
• How do you want to accept payments?    Do you
  want to use a virtual terminal, or is it easier
  for your business to use an API to integrate into
  your existing systems to run payments?  Make sure
  youre prepared with the primary way youll
  accept payments, along with all the secondary
  methods.

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Compare merchant account providers

• Now that you have an idea of how you want
  the merchant account to work for your business,
  its time to compare Merchant Account Providers. 
  Some points youll want to consider when
  selecting a merchant account include
• Merchant Account Transaction Fees  There
  are two common types of fees for credit cards
  transactions.
• A flat rate you get charged for each credit card
  payment that is processed.
• A percentage fee based on the total amount of
  each transaction.

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• Now that you have an idea of how you want
  the merchant account to work for your business,
  its time to compare merchant account providers. 
  Some points youll want to consider when
  selecting a merchant account include
• Merchant Account Transaction Fees  There
  are two common types of fees for credit cards
  transactions.
• A flat rate you get charged for each credit card
  payment that is processed.
• A percentage fee based on the total amount of
  each transaction.

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Does the merchant account provider offer all of
the software and payment acceptance options you
need, or will you have to supplement with other
providers and incur additional fees?  For
example, are Virtual Terminal Processing, email
invoicing, recurring billing, website
payments and mobile payments all included in
one solution, or do you have to set these up
separately?  The more providers you need to go
through, the more costly and complicated your
experience will be.
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Is the complete solution tailored to your type of
business and easy for you and any other employees
to use? Does the merchant account provider
frequently work with your business industry and
size? Finding a provider that is dedicated to
your business type means that future developments
will continue to match your needs. Can your
customers payment account data be securely
stored in a manner where you will have minimal
PCI compliance issues? No business needs the
headache of an in-depth PCI compliance review,
but yet you want to be able to provide your
customers with the best possible payments
experience. Its important to find a solution
that helps you have the best of both those
worlds.
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Setup Merchant account For Your Business

• The merchant account provider will require you to
  complete an in-depth application and you will
  need to provide a lot of information pertaining
  to your business model and finances. If you are a
  smaller business, you will also be required to
  provide personal information, undergo a credit
  check and provide a personal guarantee on the
  account. This process can feel cumbersome, so
  its helpful to work with a provider that will
  hold your hand through underwriting to ensure the
  fastest and least confusing approval process.

Call 1(855)-345-0400
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Accept credit card payments

• Once your merchant account is set up, you will be
  ready to start a Accepting Credit Card payments.
  If youve gone with a great merchant account
  provider this can be as simple as logging into a
  software product, entering your customers
  payment information, and clicking the collect
  payment button to have the transaction processed
  and funds deposited into your bank account.

Call 1(855)-345-0400
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Thanks!

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