Picking the Perfect Credit Card Processing Company for You

Starting a business today requires a lot of time and energy, plus the utilization of a variety of digital tools. Payment processing is a major area that can make or break a business. From what types of payment are accepted in-store and online, to fraud and chargeback monitoring. Picking the perfect credit card processing company is a way to mitigate the risks of running the modern business and support profit growth. So what should businesses look at when selecting a credit card processor?

What Types of Payments Do They Accept?

This is huge. Ensure your payment processor accepts the types of payments your customers prefer. For example, if you are in retail make sure they accept all major credit and debit cards. It’s a good idea to accept as many types of payments as possible. Also consider accepting e-Checks, prepaid cards, gift cards, or an electronic benefit transfer (EBT). (NFC) technology, digital wallets such as Google Wallet and Apple Pay are also great to offer customers.

All the Fees and Costs

Pay attention to credit card processing fees. Some fees can be as high as 5% on all debit and credit card sales. Merchants should pour over details like application and setup fees, interchange fees, monthly statement fees, monthly minimum fees, early termination fees, and gateway access fees. Merchants must fully understand all the fees and service terms that will have an impact on their profits.

Fast and Easy Set Up Time?

How long it takes to set up the technology necessary to start your account? If setup is long and complicated, you may have to change other deadlines and timelines in your business

Is Customer Support Good?

Yes your payment processor works for you. Why stick with a processor with poor customer service? The best payment processors are available 24/7 and can offer direct help with expert representatives that provide a source of security for your business.

EMB specializes in high risk payment processing. For quick and straightforward services from professional payment processors sign up with EMB, the nation’s leading online small business lender with a streamlined application that is very user friendly. Contact them today to start your bad credit merchant account today.