subject: Do You Need Credit Card Processing Services? [print this page] Are your customers asking for credit card processing services? If so, you may wish to think about adding this service to your company's Website to be able to provide convenient payment systems that will bring back repeat business. Several companies today are heading more toward e-commerce, which signifies that if you wish to avoid getting left behind, you ought to be prepared to join the throng of professionals who are marching into the electronic age of doing business.
Although you may have relied on cash transactions until now, you might see that's turning out to be more troublesome to make correct change, accept checks that could bounce, and track delinquent payments, all while keeping track of every single transaction. Farming out several of these tasks to hired help can be pricey, which explains why you may be able to make use of credit card processing services. If you do business onsite at a primary facility, you can plug in a credit card processor and begin taking credit payments instantly, which is far less likely to bounce than personal checks.
But you'll first have to open a merchant account before establishing credit card processing services. Find a longstanding bank with a strong reputation, one which presently provides merchant accounts to dependable business owners like you. Then be ready to give the required documentation that illustrates a stable credit history and a reasonable business plan that relies on credit card processing services. On approval, which can come within a few days, you'll be able to buy or rent credit card processing equipment and start accepting credit payments from your customers.
Credit card processing services could be established at your company's Web site. You do have a Website, don't you? Otherwise, that is the second important step into the 21st century that your company needs to take. Hire a Web designer or sketch a couple of ideas yourself. It doesn't need to be fancy or sophisticated, but rather a basic outline of your company's services or products coupled with basic operating information. Then you will have to register a domain name for a reasonable fee and then pay regular monthly "rental" fees to post your site in cyberspace. Hiring a designer or somebody to maintain and update your site will cost a bit more, even though often you can get a high school or college student who can do this kind of work at nominal cost. When your website is up and running and your merchant account is approved, you're ready to open the Website doors to current and new customers for business. They can browse at their convenience and pay by credit card without human help at each juncture. You can make cash and save cash at the same time.
If your company is expanding, your clients are asking about credit payments, or you want to proceed with your business plan, consider opening a merchant account, setting up an attractive Website, and including the convenient, customer service option of credit card processing services.
