Four Things to Look for in a Credit Card Processor

Discover four of the most important things to look for when selecting a credit card processor for your business. Choosing the right company to work with can save you money and hassles down the road.

In today’s business market, small businesses need every advantage they can get to compete with larger companies. Being a smaller business has typically meant not being able to take advantage of volume discounts afforded to larger rivals. Until recently, this certainly was the case if a small business wanted a credit card merchant account. Most large merchant banks would give a better rate to retailers with a high amount of sales each month, leaving smaller retailers to pay more.

This has changed in recent years, as companies like Payment Solutions, Inc. have made it easier than ever for small businesses to have access to the same payment gateway opportunities as their larger competitors. With the ability to get all of the hardware and software needed along with low fees and discount rates that are fair, small businesses now have plenty of options when it comes to selecting a credit card service provider.

So what should you for when searching for a company to work with? Here are four features to consider when researching various options:

Flexible Options: You never know when you are going to need to take credit card sales away from your office. Whether you are a mobile food truck or a company that exhibits at trade shows, you need credit card solutions that work anywhere. Wireless credit card processing using a card reader that plugs into a mobile device gives you this freedom.

Low Startup Costs: One of the big reasons that some small businesses refuse to accept credit card payments is because of the extensive costs associated with setting up a credit card processing account. But many companies have services that are targeted toward small businesses and greatly reduce or eliminate many of these costs including non-refundable application fees, processing setup fees and programming charges.

eCommerce: If you have an Internet store along with a brick and mortar store, you need to be able to accept credit cards as payment online as well as in person. Having a shopping cart function that is easy for customers to use and is efficient for you when completing orders is critical. Many credit card service processors can also help with setting up an eCommerce shopping cart.

Virtual Terminals: With online shopping carts and physical card readers, businesses can handle most online or in-store transactions. But what happens when a person calls customer support and wants to buy a product? Installing a Virtual Terminal on a computer at your business, you can handle phone, email or traditional mail orders easily.


This article was authored by Payment Solutions, Inc., a leading payment gateway service provider. Find out more about their online, in-store and wireless credit card processing at