Satisfy Your Customers and Your Ledger with Merchant Services
Finding ways to stay afloat in tough economic times can feel like an
uphill struggle. Sometimes it seems like no matter what you do, the
competition is always right at your door. In this day and age, you need
to take advantage of every opportunity that comes your way. Your
competitors are certainly going to.
One way you can stay ahead of
the game is by taking advantage of a merchant services account. They
offer business solutions that can be tailored specifically to your
company, no matter what type of business you run. This extends from
debit and credit card processing to online transactions and even escrow
services. Here are a few examples of how merchant accounts can help a wide variety of business types grow and prosper.
you run a retail business and still are not able to process credit
cards, you are already behind the times. The good news is that credit
and debit swipe terminals for retail businesses actually have some of
the lowest processing fees out there. This is due to the fact that buyer
fraud is far lower when you actually have to use your card in a
Another great thing about retail merchant
accounts is that your provider will keep you updated with comprehensive
reporting packages on all your transactions. You will also have access
to technical support in case you have any questions.
Beyond simply being able to swipe cards at the cash register, there is a whole world of solutions that a restaurant merchant account
can provide. One of these is the ability to open a running tab for your
clients. If all the tables are full, they can sit at the bar and have a
few drinks, then move to their table later, keeping drinks and dinner
all on the same tab. You can even split up a check amongst several other
credit cards if your diners wish.
Another handy solution for the
restaurant world is utilizing wireless swipe terminals. Your wait staff
can swipe customers’ cards right at their table and you can even offer
curbside pickup service.
But by far the biggest advantage of
wireless swipe terminals in the restaurant industry will be your ability
to process debit and credit cards when you deliver food to people’s
homes. More and more other restaurants are starting to be able to do
this, and if yours doesn’t, people will just order from somewhere else.
you run your business primarily over the Internet, then you can also
benefit from a merchant account. It will allow you to accept not just
every major credit and debit card, but also electronic checks and gift
cards. You will even be able to monitor how these payments are being
processed right through your website.
Worried about security
issues? Your merchant account provider will take care of that as well.
Built-in security tools will help to prevent fraud in all of your
transactions. Your account provider will also help you minimize risk by
storing all of your potentially sensitive information at a PCI-compliant
data center. This is dramatically safer than storing it right on your
eCommerce merchant accounts also tailor specifically to
online businesses that sell a product that is to be delivered
instantly. That means that if your customers want to purchase an mp3, a
document, or a video file that can be transferred over the Internet,
your merchant account can instantly approve their credit card
information and the files can be sent over right away.
accounts can benefit hotels of all sizes in a variety of different
ways. One of these ways that is just right for the hospitality industry
is a virtual terminal.
A virtual terminal is a website your
merchant account provider sets up that you can log onto from any
computer connected to the Internet. When someone calls to make a
reservation and you take their credit card information, you just log
onto your virtual terminal and punch everything in. Your account
provider will take care of the rest. If they cancel, then the
transaction can be easily voided.
your business sells highly priced auction items, you might be
interested in escrow services. With an escrow service, the account
provider essentially works as the middleman. Your customers pay the
escrow service and then you ship the product. When the client receives
the product and is happy with it, the escrow service releases the funds
to you. If they aren’t happy with it, they can send it back and the
escrow service will return the money.
As you can see, there are
plenty of ways that merchant services accounts can help just about any
business grow and prosper. These are just a small portion of the many
ways that a merchant account can give you a leg up on the competition.
Don’t hesitate. Bring your business into the future today.