Best Merchant Services For Small Business

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Now your small business can accept card payments

To increase the chance of collecting a payment from each customer, you must accept different methods of payment. Creating a merchant account is one of the most important steps in setting up a small business. This account allows you to take card and credit payments from customers.

Before selecting a merchant account, consider these factors to ensure that you are receiving the best deal for your needs:

Cards Accepted

When shopping for a merchant account, consider what cards you would like to accept for payment. Most merchant accounts for small businesses are compatible with major credit cards such as MasterCard and Visa. Some accounts may not accept other cards including the Discover Card. Look for a merchant account that accepts the most types of cards.

Setup Fees and Monthly Fees

Every merchant account provider charges certain fees for its services. In most cases, a fee may be imposed for setting up the account. A provider may also charge a monthly service fee. Fees can quickly add up, so shop around to ensure that you are receiving the best deal.

Transaction Fees and Discount Rates

In addition to a setup fee and monthly service fees, a merchant account provider may charge a transaction fee. This small fee is paid each time a debit or credit card payment is run through the terminal. An example is a fee of £0.20 per transaction. A discount rate is charged in addition to this fee and represents a percentage of the total purchase amount. For most businesses, the discount rate is usually the most expensive charge for most transactions. Therefore, it is important to find a provider that offers a low discount rate.

Customer Service

Merchant account providers for small business should provide excellent customer service. If you have questions or experience issues, you may require assistance from this company. Customer service representatives should be available, friendly, and knowledgeable enough to provide the information you need.

New to card payments?

• Simple sign up

• Easy integration

• Tailored card processing

• Free telephone support

Switching card payment providers?

• Fast, simple switching process

• Competitive fees

• Excellent customer service

• 100 percent uptime over 3-year period

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