Three factors to consider before you
accept free POKER credit card PROCESSING terminals
There are several firms that offer
services for processing credit cards
through free credit card terminals so
that merchants are lured to open a
merchant account. Though it is nice to
get a free credit card terminal, it is
essential to consider the following
three things before opening a merchant
account.
Research various companies – It is vital
for merchants to find out about 3rd
party processors, banks and other
financial institutions. While conducting
research, try to get details about the
reputation and reliability of a firm. In
addition to this, try and obtain
referrals so you can get a better
insight about the firm.
Also, never forget to take discount
rates and processor fees into
consideration before you make the final
decision. It is also necessary to find
out whether the company charges a flat
monthly fee or a per transaction fee.
Ask the company if they consider factors
such as sales volume and the duration
your firm has been in the industry. If
you are considering a bank, find out if
you have to acquire a bank account for
the purpose of funding. Also check if
the firm gives you the option of leasing
or buying equipment.
It is advisable that you thoroughly read
the contract. It is always help if you
clearly understand the contract so that
you can comply with its contents.
Finally, enquire about consumer services
and what their procedures and response
time is in case of interruptions while
processing.
Select services wisely – There are
several type of merchant services for
processing which depend in your business
type. This will greatly affect the
credit card terminal which you got for
free.
For retail stores, restaurants and other
such businesses, wherein-person, fast
processing of credit cards is required,
select services that accept gift cards
as well as other major credit cards. In
addition to this, the selected service
should be easy to integrate with almost
all the POS systems.
If traders have online stores, complex
solutions will then be required such as
security features which can easily be
integrated with shopping carts and
accounting software.
Mobile terminals are required for
businesses other than restaurants and
online stores. Most merchant services
provide mobile processing of credit
cards which are ideal for businesses
such as flea markets, farmer’s markets,
art festivals, trade shows and fairs.
Terminals with wireless connections are
best suited for mobile industries.
Selecting the most suitable terminal –
The business requirements need to be
considered in the first place so that
the best terminal can be selected. If
face-to-face transactions are going to
be processes then “card present” systems
or card-swiping terminals should be
opted for. If transactions are carried
out in “card not present” environment
like MOTO transactions, then a terminal
in which data has to be entered manually
should be chosen. This also holds true
with credit cards payments where the
terminal has PIN pad. By making the
right choices, you will be able to
increase profits for your business.
Contact one of our
helpful account representatives to
assist you in the setup of a
high risk merchant account or
offshore merchant account for a
high risk merchant. |