Why your business needs a merchant account
When a consumer is looking to make a purchase, they expect a certain level of professionalism, security, and trust from the merchant they decide to do business with. Consumers also understand that by paying by credit card, they’re adding additional layers of protection to their purchase.
Standard Benefits of Accepting Credit Cards
Credit Cards Increase Sales: An increasing number of people use credit cards for convenience, simplicity and impulse purchases. If your business has a merchant account, you automatically extend your customer base, perhaps even worldwide with e-commerce. It’s also much easier to up sell someone paying by credit card vs. cash or check.
Credit Card Terminals and E-Commerce Solutions are Reasonably Priced: Basic merchant accounts include affordable terminals that are easy to set up and require only a phone line and receipt roll. There are also plenty of basic e-commerce solutions available for nominal monthly fees.
Fees for Accepting Credit Cards: Credit card processing companies take a percentage of every merchant sale processed through their merchant account, but it varies based on the type of card and how it is processed. It’s best to verify all rates before committing to a contract. You’ll also want to ask if they require you to sign a long term contract and/or change an early termination fee.
Added Protection from Frauds and Scams: Card companies have protection programs and security measures to help reduce fraud via card theft or loss. Payments can be stopped by a consumer, merchant or a payment processor, and the card canceled or changed. This is a great advantage over cash that is difficult to retrieve.
Cardholders understand that if a change shows up on their credit card statement they did not authorize, they can dispute it and in most cases will get their money back. Most also understand they can dispute a transaction if the product or service does not live up to their expectations and the merchant is unwilling to resolve the problem. This last point is really important when it comes to online credit card processing transactions since the consumer is not face to face with the business or their product/service.
In today’s competitive business environment, it’s critical you provide your customers with convenience, security, and trust. Having the ability to process their credit card at checkout is a big step in that direction.
Contact Us
Need immediate assistance? Complete this form or call us today at 888-383-8056.
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Are you shopping for a better rate? Let us save you money!
Most merchants are unaware that interchange rates are adjusted as much as 2x per year. Over the course of several years, those adjustments can hike up a merchant’s rate and cost the merchant thousands in processing fees. Contact us via the form above, or call us today at 888-383-8056. Chances are, we can save you up to 25% over your existing rates and fees!
Why do businesses choose to work with The Transaction Group?
- We aim for 100% customer satisfaction. We understand that the customer comes first. At the end of the day, if the customer is not happy, we’re not happy.
- We offer a FREE rate analysis to every business. In most cases, we can save a business up to 25% on existing rates and fees. But if we can’t beat a customer’s rate, we’re upfront from the start. We don’t waste the customer’s time.
- We are reliable and always available. If a customer has any concerns, we’re available even after business hours. We’ll address any issues immediately.
- We don’t believe in one-size-fits-all.We provide solutions based on the specific requirements of each and every business. What’s best for one small business may not work for another.
- We have a fast & easy setup process. In most cases, we offer a fast and easy approval and set up. While some high risk businesses can have longer underwriting times, we keep the customer informed throughout the process and work for fast approvals.
- We have solutions for every business type. From low-risk card-present credit card processing solutions to payment processing solutions for high risk e-commerce stores, we’ve got it all.