Choosing the right merchant services provider (also called a credit card processor) for your business can be the difference between frustration and overpaying or a competitively priced merchant account with great customer service.
Both new and seasoned business owners may come across confusing terms when it comes to credit card processing. One such term is “merchant services.”
Swiping a credit card in a store or entering card details online is easy from a consumer standpoint, but more involved for the business that takes that card.
When looking for the best credit card processor for your business, the pricing model the processor uses can have a big impact. Pricing models dictate how processing fees are charged and passed to you and can set the stage for either very competitive or very expensive pricing.
On the surface, “card-present” and “card-not-present” seem like self-explanatory terms. Either the card was present at the time of a transaction or it was not present.
Here’s a comprehensive, unbiased, no-nonsense credit card processing guide that will help you make sense of the madness that goes on in the processing industry. This guide will show you actionable information on how credit card processing fees work and will allow you to turn the knowledge into dollars and cents.
If you run a business and want to accept credit cards, you’ll need to open a merchant account.
When signing up for a new merchant account in order to begin accepting credit cards, some businesses may be asked to agree to an ACH delay.
