Many businesses don’t actually offer a physical product, but instead they offer a service to their customers. When this is the case, it’s important to get paid and sometimes cash or check is not an option. Small, medium and large businesses can all benefit from accepting credit card and debit cards. This can help any type of business offering a service grow and with the technology today, it can allow for many different payment options.
If your sales representatives need to accept payments while in the field, you can provide them with mobile equipment. This can be as simple as a plugin card swipe for their mobile phone. It’s very easy to take credit and debit card payments, whether over the phone, in the actual office or in the field. Businesses need the benefits of a merchant account and there are many different types to choose from.
Merchant Credit Card Processing Options
1. Traditional Merchant Account
A traditional provider will allow you to accept all major credit cards within your brick-and-mortar business and online. They will work with you to ensure you understand how the equipment works and they provide customer service, as well. Companies, such as eMerchant credit card processing services can help you accept credit and debit cards and they provide you with competitive rates and full support.
2. Third-Party Merchant Accounts
A third-party merchant account is a company with a merchant account they allow you to use. Usually they charge a higher fee, but they will accept nearly any type of business. These are often used online because the application process is much like opening a bank account. Many of these services are available to help you with your needs, if you want to accept credit and debit cards online.
3. Mobile Accounts
Most of the traditional merchant accounts and some of the third-party accounts can also include mobile processing. They might provide you with the equipment you need, but you may need to lease this equipment, as well. This allows companies to swipe cards on the go, without calling the office and actually rattling off the numbers on the card. Many businesses can benefit from adding the mobile option to their merchant account.
If you want to grow your business and allow your employees to process payments no matter where they are, you need a merchant account that fits with your business. By working with an experienced company, you will be able to accept both credit and debit cards making it easy to grow your business fast.