How To Choose Accept Credit Card Payments Company?

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Choosing Accept Credit Card Payments Company Can
Be Challenging
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Introduction

• To find the most convenient and least expensive
  route from your customer's credit card to your
  bank account, you want to look for online credit
  card processing companies with
• Low rates, few fees
• Month-to-month service contracts
• One of the best ways to ensure you get a good
  deal is to educate yourself about the different
  fees and rates processors.

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Introduction

• You should also plan on calling 3-5 credit card
  processing companies before making a decision so
  you can compare quotes and terms specific to your
  business.

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Each Payment Processor Is One Of The Following
Business Types

• Most credit card processing companies are
  independent sales organizations (ISO) and
  merchant service providers (MSP) that resell
  merchant accounts from direct processors.
• Direct processors provide merchant accounts and
  have relationships with the banks and credit card
  brands.
• Though these companies tend to be better suited
  to large businesses, they work with small
  businesses as well.

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Each Payment Processor Is One Of The Following
Business Types

• Payment facilitator known as merchant
  aggregators. Generally, this type of processor
  works best for very small businesses that process
  less fees.

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Four Basic Ways To Accept Credit Cards

• Mobile Credit Card Reader- This is a portable
  device that lets you accept credit cards anywhere
  using a smartphone or tablet with a credit card
  payment app installed on it.
• Credit Card Terminal- This type of processing
  hardware is used exclusively to accept credit and
  debit cards.

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Four Basic Ways To Accept Credit Cards

• Point-of-Sale (POS) System- POS systems are
  available for purchase from merchant account
  providers or POS companies.
• Payment Gateway- This is an e-commerce solution
  that you use with shopping cart software or an
  e-commerce platform to accept credit card
  payments through your website, blog or online
  store.

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Mobile Credit Card Reader
Credit Card Terminal
Point-of-Sale (POS) System
Payment Gateway
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