1 / 10

How To Set Up Credit Card Processing For Your Business

In this process we can see how to set up credit card processing for your business step by step, In this way, Merchant can understand the process going on

swipe4free
Télécharger la présentation

How To Set Up Credit Card Processing For Your Business

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How To Set Up Credit Card Processing For Your Business

  2. 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 process;There 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). Call : +1(855)-345-0400

  3. 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?  You’ll 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 you’re prepared with the primary way you’ll accept payments, along with all the secondary methods. Call: +1(855)-345-0400

  4. Compare merchant account providers Now that you have an idea of how you want the merchant account to work for your business, it’s time to compare Merchant Account Providers.  Some points you’ll 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.* Call: +1(855)-345-0400

  5. Now that you have an idea of how you want the merchant account to work for your business, it’s time to compare merchant account providers.  Some points you’ll 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.* Call: +1(855)-345-0400

  6. 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. Call: +1(855)-345-0400

  7. 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 customer’s 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. It’s important to find a solution that helps you have the best of both those worlds. Call: +1(855)-345-0400

  8. 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 it’s 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

  9. Accept credit card payments Once your merchant account is set up, you will be ready to start a Accepting Credit Card payments. If you’ve gone with a great merchant account provider this can be as simple as logging into a software product, entering your customer’s 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

  10. Thanks! Website : www.swipe4free.com Email Id : sales@swipe4free.com Phone : +1 (855)-345-0400

More Related