Credit Card Processing

Face-to-face payments are one of the most common methods of transaction made between businesses and customers. Payment terminals help businesses to accept all major debit and credit cards, and complete other business activities such as refunds, split billing, gratuity and cash back. Payment terminals enable your business to make sales faster and more securely than ever before.  

There are lots of options, all promising to be the best or the cheapest. Most small businesses want simple credit card processing they can count on. It is a good idea to look for these features before making your choice:

Security

Small business owners must protect customers, and themselves, by prioritizing security. Today, most reputable credit card processors use a security feature called tokenization. This process uses point-to-point encryption to conceal identifying information. As hackers become more sophisticated, small businesses should never take on unnecessary security risks. You should only work with a credit card processor if they have trustworthy security features in place.

Access to Funds

It's important to know how quickly you'll receive funds after a credit card transaction. In most cases, funds should arrive between 24 and 72 hours after a customer swipes their card. 

Transparent Rates and Fees

No one likes to get hit with a surprise bill. That's why you should choose a credit card processor that sets clear rates and fees. 

Minimal Hardware

To keep things simple, small businesses should opt for modern hardware. Most payments can now be processed through a mobile device or tablet. Your credit card processor should support online and mobile payments. These flexible payment options will ensure your business never misses an opportunity for a sale. 

Plenty of Payment Options

Every customer has their own preferred payment method. Your credit card processor should accept a wide range of payment options.