Articles

How to Avoid Chargebacks

Chargebacks can cause a great deal of trouble for a business, especially when merchant accounts initiate fees for them. Credit card processing has a wealth of benefits, but it also has complications such as consumer chargebacks. Consumers initiate chargebacks for a wide variety of reasons including fraud, attempted theft, honest mistakes and discontent. Every business […]

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Building Your Small Business

Accepting credit cards is a necessity for small businesses because it allows them to remain competitive, offer convenient payment methods to buyers and not forego a sale in the event customers come up short of cash. Understanding the world of credit card processing can seem daunting at first, but these 3 key principles help address […]

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Reading Reviews Before Selecting Your Merchant Account Provider

When looking to select a company to use as a credit card processor, it’s wise to choose one that offers all the right services at a good price. However, one should take it further, and here are three things to look at when reading reviews for a merchant services provider. Speed: Without a doubt, if […]

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All About Flagship Merchant Services

Flagship Merchant Services has been helping merchants conduct transactions online for many years. As a leader in credit card processing and merchant accounts services, Flagship Merchant Services has remained focused on giving business owners of all size the solutions they need to effectively do business completely online. How does credit card processing work? There are […]

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All About CreditCardProcessing.com

Without a doubt, when looking to get credit cards processed, one should go with a solid, reliable and trustworthy company. When doing so, it’s easy to avoid mistakes that others suffer from. While true, one should know where to look, and CreditCardProcessing.com is a great place to go, and here are three reasons why. Provide […]

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What is the Bankruptcy Notification Service?

Without a service, it’s hard for people to know when someone went bankrupt, and this is often a problem when dealing with merchant accounts or other financial services. For this reason, the two major worldwide credit card companies, Visa and MasterCard, have developed a service to help people track bankruptcies. With this, people can see […]

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Accepting credit cards is a necessity for small businesses because it allows them to remain competitive, offer convenient payment methods to buyers and not forego a sale in the event customers come up short of cash. Understanding the world of credit card processing can seem daunting at first, but these 3 key principles help address how credit transactions explicitly relate to small businesses and how merchant accounts enable small businesses to accept these types of payments seamlessly.

Embrace credit card processing
Building your small business one day at a time involves a dynamic, strategic process. In order to respond to demand for products and services, business owners must be savvy and willing to do whatever it takes to stay in business, including embracing credit card processing. Small businesses are able to accept credit cards upon determining how they conduct business. For example, in person, online or over the phone. Next, setting up a merchant account will provide brick-and-mortar businesses to accept credit cards directly.

Use merchant accounts
A merchant account is essentially a bank account that accepts payments by both debit and credit cards. The bank, processes and settles credit card transactions and allows small businesses to accept electronic forms of payment through credit card terminals and through online payment gateways. Mail or telephone merchant accounts may also be set up for businesses that solicit business via these channels.

Consider mobile app payment methods
Finally, with the number of shoppers using smart phones, it makes diligent business sense to consider using mobile app technology for accepting credit cards. Both trade-shows and fairs are are excellent examples of situations where business owners may require such merchant services in order to effectively operate. Payments in this approach can be accepted directly to a cell phone or by using wireless credit card swiping machines through a Wi-Fi connection.

Business is built upon reputation, so making transactions convenient and seamless for customers creates good rapport and allows them to shop frequently without hesitation and concern for payment challenges. Incorporating credit transactions into daily business is change, but when embraced, creates several opportunities and advantages for small businesses. While there are fees associated with accepting credit cards, business owners will typically find they are outweighed through greater selling opportunities. Day by day, such transactions will become routine and business owners can enjoy increased revenues and shopper satisfaction.