BBB A+
Se Habla Espanol

(800) 956-1277
(949) 768-3600

Sign Up Now!

With No Setup Fees!

Bad credit merchant account credit card processing services

Accept all major credit cards

Regardless of Credit History!

What Small Business Owners Should Look for in Merchant Account Providers – Pt. 3

Posted on 18 November, 2014
What Small Business Owners Should Look for in Merchant Account Providers

Source: Flickr CC

More than 80 percent of US consumers have a credit card or debit card. Plastic offers some features that make it easy to opt for credit over cash when it comes to paying for products and services.
A business that does not accept credit and debit card payments will suffer immensely because the majority of consumers use cards these days. Therefore, a merchant account is crucial to the survival of a small business. A merchant account is a special bank account that gives businesses the opportunity to accept a line of credit from a customer. A small business should never sign up for the first merchant account offer, however. The following are points to consider before adding a merchant account to a small business:

Transparency of Merchant Account Providers

Transparency is important when a business owner is searching for a merchant account provider. Every merchant account will have fees associated with it. The way to differentiate one company from another is by visiting the site and seeing how much information the providers are willing to disclose about the products and the fees. A transparent merchant account provider is one that a small business owner can trust.

Integrity

Integrity and transparency go hand in hand. Merchant account providers who have hidden fees and charges lack the integrity that a small business owner needs. Interested parties can examine a company’s integrity by reading reviews from other businesses and clients. The testimonials will give the business owner an accurate depiction of the company’s practices, customer service level, pricing, and policies. A business owner should be leery of a provider that has a multitude of negative complaints or a star rating of fewer than three stars. The Better Business Bureau is an excellent source for checking a provider’s integrity. The BBB uses an A-F grade system that signifies the number of complaints and resolutions that a provider┬áhas received.

Availability

Availability is another special element that a business owner will want to investigate before choosing between merchant account providers. The business owner will want to ensure that staff members are available to answer questions about software issues, transaction disputes, billing problems and the like.

A comparison tool can assist a business owner with choosing the perfect merchant account provider for his or her operation. Signing up for a merchant account is necessary, but the business owner should make sure to conduct a thorough investigation before settling on a specific provider.

You May Also Like >

6 Ways Merchant Services Help Your Business Grow Setting up a merchant account is about much more than just accepting credit cards from customers. In fact, merchant services can help get your busines...
The Small Business Perspective 2013 could be a year of growth or losses, success or failure. While many large firms report an uptick in spending as the economy recovers, new busines...
4 Factors To Think About Before Choosing a Credit Card Source: ptmoney.com Credit cards are a critical component of commerce today. It's rare (and often irritating) when a store accepts cash only and b...
Do You Qualify as a High-Risk Merchant? Image Source: https://bit.ly/1j83avV Do you qualify as a high-risk merchant? If you do, is it possible to get a credit card processing account? Let...

Leave a Reply

Your email address will not be published. Required fields are marked *

Bad credit merchant account credit card processing services

Accept all major credit cards

Regardless of Credit History!