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Accepting Debit and Credit Cards at Your Business is Faster and Easier than Ever Before, Thanks to Merchant Account Providers
By admin | October 16, 2011
Did you know that in 2009 alone, it’s estimated that over 67 billion business transactions were made via debit and credit card? That’s a lot of sales, and the truth of the matter is that these days, most consumers prefer to use their debit or credit cards when they buy something. And if you’re a business owner, this means that if you aren’t set up to accept credit and debit cards, you’re losing money. So why aren’t you accepting cards? If you’re like the majority of business owners who still haven’t switched over, it’s either because of cost or difficulty – or both in some cases.
But setting up a merchant account is a lot easier, and more affordable, than you might think.
Because so many consumers prefer to pay with their credit and debit cards, business owners aren’t the only ones stepping up to provide for these consumer’s needs. Merchant account providers are also making it easier and more affordable for businesses to accept cards, which is good news for you. In terms of cost, merchant account providers charge an average rate of 1.09% per retail swipe, with an average transaction fee of $0.19. Most also charge a monthly fee, which you can expect to be right around $10.00. Some providers charge more, and some less, so you’ll want to shop around for the best rate for your business.
Affordable pricing is just one way that merchant account providers are making it easier for business owners to accept debit and credit cards. Most merchant account providers also offer a wide variety of methods for accepting credit cards, making it easier and faster to get started. For example, if you want a traditional credit card machine, set-up only takes as long as it takes for your merchant account provider to ship your terminal to you. And with overnight shipping options, this could mean being set up to accept credit and debit cards in less than 24 hours.
And if that’s not fast enough for your needs, there are also iPhone and mobile processing solutions, which can have you up and running in minutes. With so many affordable options, if your business isn’t set up to accept debit and credit cards, it’s time to stop losing sales. Partnering with a merchant account provider is cheaper, faster and easier than ever before, meaning there’s no excuse for not offering your customers their preferred purchasing option.
Topics: Business | Comments Off
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