If any part of your business is done online, having the ability to process credit cards is a necessity. If your business doesn’t have money to waste, then price is also important. But if you pick the wrong option, your “low price” online credit card processing can end up costing a lot more in the long run.
So, here are some things to consider when looking for a low-price online credit card processing
Check The Fees
The first thing to know about so-called “free” online credit card processing is that “free” is more like freemium. Many of these supposedly “free” options are making money back (and then some) in the form of excessive hidden fees. These amounts add up quickly and seeing a huge chunk of a big sale vanish, or repeatedly watching smaller chunks of regular sales be chipped away is going to start hurting more than straightforward pricing ever would have.
Check The Cards They Accept
Ideally, you want to be able to accept all major credit cards and debit cards. However, certain low-price services (and some high-priced ones) will place restrictions on specific card carriers, (e.g., Discover and/or American Express), either by not letting you accept them at all or by significantly increasing the fees they charge per transaction for those cards.
Check The Peripherals & Integration
Some credit processing services will include support for in-person transactions as well as online purchases, and having both your online and in-person transactions funnel through the same service and into the same account makes everything easier.
Additionally, make sure that whatever web-hosting service your business website currently uses is compatible with the credit card processing service being considered. Having to completely migrate websites might be worth it to expand an online business, but it’s always easier to find a service that will integrate with an existing site.
Choose the Best Merchant Account for Your Business
A merchant account should offer all the features you want and addresses any concerns you may have about your online credit card processing needs, as well as offering low fees. Make sure you are getting a dedicated account that can process and directly accept transactions from credit cards and debit cards and deposit them promptly into your account, and that you can access your money at any time.
As with most other aspects of business, considering the long and short term effects of the services and partnerships offered makes all the difference in the world. Charge.com has everything you’re looking for. Visit Charge.com online or call them at (888) 924-2743