How do I get services for accepting credit cards?
You’ll need to get in touch with a merchant account provider. A merchant account provider is the one who provides the various types of merchant accounts needed in order for companies to begin accepting credit cards. These merchant accounts are geared for businesses large and small, and those of high risk and low risk. Your business type and sales volume will dictate the services for accepting credit cards that you need. A merchant account provider will ask you some basic questions about your business and its sales, and will be able to point you in the right direction for getting started.
How expensive are services for accepting credit cards?
Services for accepting credit cards are cheaper than ever, and for two reasons. The first reason is supply and demand. Because there is so much more demand for these credit card processing services, more and more merchant providers have stepped up to the plate to provide them, and so overall costs have been reduced. Secondly, with many offshore merchant account providers offering cheap and easier to apply for alternatives to United States based merchant account providers, those providers have had to lower their prices. That said, that average start-up cost for services for accepting credit cards can run anywhere from $200-$300. There are also per-transaction charges and other minor fees to take into consideration.
What services for accepting credit cards should I look for?
The services you’ll need for accepting credit cards depends largely on the nature of your business, and its monthly and annual sales volume. A small business would certainly qualify for a small business merchant account, and probably be able to run credit card transactions using just one or two credit card terminals. A large business, on the other hand, would have an extensive laundry list of needs for both the merchant account itself, and the credit card terminals that it would need to have on hand to take care of transactions. A merchant account provider can help you determine exactly what services for accepting credit cards that you’ll need.
Will I be approved for services for accepting credit cards?
That depends largely on the requirements of the merchant account provider. But so long as your business is low-risk, and operates according to legal requirements and general ethics, and the business owner’s credit score is of decent value, then being approved for services for accepting credit cards should be a non-issue.
To expedite the process of being approved for services for accepting credit cards, be certain that your initial application has been filled out completely and accurately, and that you have included all required documentation.