Credit card payment solutions for your business

One of the ways you can speed up payment from your customer is to offer a credit card payment solution whereby you can take payments online, or over the phone. Customers LOVE this option as it gives them an additional means of paying you.

First, you need to understand merchant processing. merchant processing allows businesses, like yours, to accept payments through a system that typically links cardholders, merchants, issuers and acquirers together.

Generally, a transaction involves a customer making a purchase from the merchant, who then submits the transaction. Once authorised by the issuer the acquirer pays the merchant the amount of the purchase. By accepting these types of payments, you will lower administrative costs, increase sales and gain quicker access to funds. Customers find it easy to pay with plastic also because there's no cash involved for them to worry about, so why wouldn't you do it? Instant Approval Cards

By setting up a merchant facility with major card providers gives you the ability of banking money faster, not to mention having additional means to finalise the sale. If you're still 'on the fence' making a decision then think of your competitors, do they accept plastic? If so, then you also need to because it could mean your customers will migrate to your competitors simply because they offer another form of payment.

There are a few ways to process credit cards, by swipe machine, over the phone and via the internet. What ever means of facility you provide you need to consider security. The simplest way is over the internet, that way your not required to keep card numbers on any computer which could increase the risk to you should your IT systems be compromised.

Some more benefits for your business;

No more trips to the bank

Customers really do want to pay you with plastic

I recommend setting up facilities for all of the major merchants as follows:

• MASTERCARD
Find the best Mastercard - compare best offers for Mastercard.


• VISA
Visa credit cards - Find the best Visa card - compare offers side by side.


• AMERICAN EXPRESS
Earn Membership Rewards(R) points up to three times as fast: You can earn 3X points on airfare, 2X points on gas and groceries, and 1X points on everything else

Some other great resources for you to read:

Frequent Flyer Cards

Of course the electronic funds transfer (EFT) is my favourite. It's inexpensive, user friendly and you have the funds securely in your bank account the very next day after payment is made. What could be easier..?

Ever heard of 'Phishing'? then let me explain it further here as you need to be aware of this..! What is 'Phishing'?





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