Perhaps no city has steeped in American history as much as Philadelphia has. The founding of this great nation took place in the small brick buildings along its oldest streets, and due to its significance, museums and historical sites have been erected all over within the city. Each year, around 40 million visitors stop by to learn more about the Birthplace of America, behold the impressive architecture, do some extensive shopping, and eat at the most talked about restaurants. This adds up to an estimated 10 billion dollars annually for merchants in The Cradle of Liberty – however, some businesses will not be able to partake of this financial boon, because of their inability to accept credit card payments (either online or in-store). Tourists usually prefer to pay with plastic because it is safer to carry when traveling than cash or checks, and merchants who cannot do credit card processing will lose out to their competition that can.
Why are some businesses stuck in the past when it comes to payment processing for their customers? They have most likely been labeled as high risk by credit card processing companies, and denied the online merchant accounts they need to manage their payment services. Such businesses are left with two options – they can only accept paper remittances, or they can pay hefty fees and endure lengthy and unexplained holds while piggybacking on a processing company’s existing merchant account. Neither one is truly acceptable – most people shun businesses that are not accepting credit cards, and will also avoid shopping at places where merchants have had to raise prices to compensate for the fees imposed by credit card processors.
High risk ventures can break the chains holding them to these third-party processors, however, and forge their own futures with assistance from Charge.com. This processor understands that every business needs to have online merchant services these days – high risk or low risk – and wants to make the processes for obtaining key merchant accounts fast and simple for all. There is no application fee, and approval is almost instantaneous. The software set up, technology, and 24/7/365 technical support are also free from Charge.com. Each business will receive its own private merchant account, too, and can begin processing payments and accepting credit cards within 24-48 hours of application acceptance without paying the extremely high rates or wait for weeks before having access to their funds. Other reasons to go with Charge.com include the following:
- FDIC Insured accounts
- Real-time payment processing
- Immediate transaction approval
- Rates as low as 0.25%
- Transaction fees as low as $0.15
- Domestic/International accounts available
- Bigger market exposure for small/independent businesses
The ability to accept credit card payments is crucial to the survival of businesses in The City of Brotherly Love and Sisterly Affection. Without it, a large number of ventures would never make it beyond the first chapters of their stories. These businesses can now gain access to the payment gateway services that will allow them to grow and make history with help from Charge.com.