How to Get a Merchant Account That's Right for Your Business
Your business is special, and it's what you bring to the table that sets it apart from your competitors. Or maybe you own a non-profit enterprise where you still need to process payments. Your payment processing system may not ultimately determine whether you succeed or fail, but being prepared with the right tools can point your business in the right direction. We'll show you how to get a merchant account that will make your day easier, not confuse you with unnecessary steps and information.
Seeing You for You
Let's say you have a friend who owns a restaurant that seats 175 people and is packed to the brim every night. You know they use an expensive POS system, and both the front and back of the house had problems getting it to work properly. Maybe you own a small diner with 8 tables, and you can't even imagine hooking up something so complicated. You don't have to! From hotels to hardware stores, you need to choose a partner that can offer you a wide array of account types that are actually valuable to you.
Merchants of Every Kind
Gas stations, property management, dentistry, whatever type of business you operate, you need to figure out how your customers want to pay. What percentage of people pay with debit, credit, check, cash or gift card? How often do you get someone asking you about mobile payments if you don't already accept them? Someone who wants to fill up and get out will be different than someone who needs to tip for one of your services. Have you been having a tough time keeping track of your client's bills? Tired of not knowing exactly how much your overhead is? Unsure if you can afford to make another investment to promote your company? These gaps in business protocol are all more common than you think, and merchant accounts are designed specifically to answer these questions in detail so you can move forward. Churches will have different payment restrictions than a health club or an educational facility. Everything in a merchant accounts must be built out to increase the relationship and trust you have with your customers.
One Step Ahead
Some businesses need their payments to be lightning fast, like the taxi business or convenience stores, but many others do not need to process payments with that extra speed. If you run a doctor's office, it's more important that your payments adhere to compliance laws. Larger corporate accounts or a law firm will need to track more expenses than a car wash, and online sellers will need virtual solutions that treat data encryption as a life-or-death matter. Figuring out what you need is your first step when you want to know how to get a merchant account.