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Credit card processing explained: how it works, why it costs money, and how to get the best deal

Credit card processing is a basic need for most businesses today, and there’s no way to avoid paying for it. But if you’re smart about picking your payments partner, the benefits will far outweigh the costs.

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A lot of small business owners have a love-hate relationship with payment processing. Sure, it helps them make money, but it also costs money. They love the convenience of taking customers’ credit cards for payment, but they hate dealing with all the behind the scenes aspects of working with a credit card processor. From picking a provider, to getting things up and running, to troubleshooting problems and growing into the future, there are a lot of things to consider.

Credit Card Processing

Accept all payment types

Make sure your customers can pay any way they want, whether it’s with a rewards card, a mobile phone, or an EMV chip card.

Sell on demand

Make it easy for customers to buy wherever they want including in-store, in-app, and online. You’ll capture more revenue and loyalty.

Speed up checkout

Bring the terminal to the customer so you can shorten lines, serve more customers and deliver an added touch to the checkout experience.

Quick reference guide

Be sure to keep these key factors in mind when looking for the right credit card processing service.

  • Look beyond rates
  • Check for service ratings and 24/7 support
  • Ask about contract length and terms
  • Find out what their historical reliability is (processing uptime)
  • Will you have device flexibility to choose and change your hardware?
  • Do they have a full security suite?
  • Tiered rate pricing options or one size fits all?
  • Customization options and scope of services

Vantiv is proud to be a Visa Global Registry Service Provider

Vantiv is compliant with both Visa program requirements and Payment Card Industry Data Security Standards (PCI DSS). This helps to ensure to our merchants that Vantiv is a trusted service provider.

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