Not Signed Up for Merchant Services? Your Business Could Suffer
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Posted On :
Jul-21-2010
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Article Word Count :
803
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It's more important now than ever before for businesses to use one merchant services provider for all of their payment needs.
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It's more important now than ever before for businesses to use one merchant services provider for all of their payment needs. Credit cards, debit cards, checks, online, gift cards and more—customers have more payment options open to them today, and it's crucial for companies to accommodate them to maintain superior customer service and a competitive advantage.
Credit Card Processing
Organizations in all industries have a need for fast and effective credit card processing in a variety of forms. For on-site processing, search for plug-in or even wireless terminals like the VeriFone Nurit 8020. Featuring a large backlit display, touch screen for signatures, PIN pad, and rechargeable batteries, this credit card terminal can be used in store or on the go. Are you in the direct marketing, catering, florist, or catalog industry? Then it's essential for you to offer credit card payment options over the phone or in the mail. You can find terminals that allow for manual entry, or credit processing software for your own computer. Finding a fast and secure credit card processing provider with reasonable rates is a necessity for developing a thriving, successful business.
Check Acceptance
Even with so many wireless and Internet methods of payment, many customers still prefer to write checks. Merchant services can convert checks into electronic documents for guaranteed payment that is quick and secure. This also improves record keeping, making it easier to track and note different orders. Striving to cut down on deposit time and verify the validity of every check are goals of each merchant services provider. By simplifying the check acceptance system of your organization, you can cut costs and contribute to its overall success.
Online Payments
More and more shoppers expect the ability to pay online from businesses across all industries. Built-in fraud protection, a fast and secure connection, and plug-ins or add-ons that can be customized to fit your needs are a must. Online payment can be accepted in a variety of forms, from electronic checks to gift cards and major credit cards, including: Mastercard, Visa, American Express, and Discover. Storing shoppers' personal information at a data center instead of your computer reduces the likelihood of theft and stolen identities. Give your customers the freedom to make payments 24 hours a day from any location with online payments.
Cash Advances
Securing money for your business can be a long and trying experience. Now you can acquire business cash advances quickly and hassle-free from merchant services. With many providers, you can get your money in as little as 72 hours after submitting an application. For a merchant cash advance, your provider will pay for future credit card transactions up front, and then get paid back a small, fixed percent of those daily purchases on your card. There are many benefits to this form of cash advance, from no closing costs or hidden fees to no monthly bills—it's even tax deductible. After comparing the costs of a typical bank loan to merchant services' cash advance program, the best choice is clear.
Gift and Loyalty Cards
Businesses everywhere are realizing the value of loyal customers—that's why many merchant service providers offer loyalty programs, to better cater to the returning shopper. Loyalty cards increase customer retention through discounts and reminders that keep them coming back for more. Another effective tool in attracting old customers and new is the gift card. Many times gift cards are given to new customers, bringing in new business. Once they're in the store or on the website, customers also tend to spend more than the face value of the gift card. Useable by credit card processing terminals and online payment services, gift cards are as easy to use as they are to buy. Promote customer loyalty as well as bring in new buyers with a selection of gift and loyalty cards.
ATM Services
Have you ever considered the benefits of installing an ATM in your establishment? The ATM sign will draw in customers, and in many cases they will end up using some of that cash in your store. With each withdrawal, you'll rake in a percentage of dough, and customers will feel safe by using an ATM in a well-lit and friendly business. An on-site ATM allows you to reduce the amount of cash kept in registers, and means fewer trips to the bank for deposits. Contact a merchant services company today to learn more about furthering your business with an ATM.
To secure customers' sensitive data and provide an easy, efficient way to process payments, merchant services are increasingly becoming a necessity in this day and age. With so much to offer, merchant services can upgrade your payment records and systems for a more cost-effective solution for an evolving business' needs.
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Article Source :
http://www.articleseen.com/Article_Not Signed Up for Merchant Services? Your Business Could Suffer_26385.aspx
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Author Resource :
Isabel Walsh is a freelance writer who writes about a range of topics including business strategy and merchant services.
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Keywords :
merchant services,
Category :
Business
:
Business
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