Credit card processing enables companies to accept payments through credit, debit, gift, and loyalty cards in a manageable way. Previously, capturing card-based transactions required a one-size-fits-all solution, which included complicated configurations and lengthy authorisation delays. There are more payment service providers available now than there have ever been with all of them targeted to various categories of companies.
For example, an E-Commerce merchant’s online credit card payment options are somewhat different from what a brick-and-mortar store requires – and vice versa.
Finally, the versatility is a benefit so company owners may find the best payment options for their specific needs. For so many choices, it is possible to get confused. That is why you should choose a reliable partner who will help you through the whole process, from choosing a POS system to learning how to process payments easily and safely.
Credit card fraud protection and security
You will need a processor that provides enough security for your purchases to help defend yourself and your customers from credit card fraud.
- PCI enforcement
- EMV compliance
- The ability to input additional card details, such as a security code or the customer’s zip code.
- Proven track record of keeping on top of emerging security solutions like biometrics, tokenization, and end-to-end encryption.
- Worst-case scenario insurance.
Merchant services are the equipment and machines that businesses use to accept and manage payments from customers that use credit cards, debit cards, and other forms of electronic payment. Certain credit card processors have these services as part of their total bundle.
Customer support should be one of the primary factors that needs to be considered while choosing a credit card processing solution provider. It should be responsive and open, and you should be encouraged to communicate with real clients who are familiar with the company’s products and services.
Choose a provider who offers a wide range of service levels, including onboarding and activating, and conduct regular merchant interviews as part of our proactive merchant support.
- Credit lines, loans, or other advances
- Payroll management
- Inventory organisation
- Employee management
- Customer engagement programs
At the end of the day, it does not matter if the systems you use for your business are delivered by your credit card issuer or your POS device; what matters is that they work efficiently and have the functionality and functionalities you need.