Fewer and fewer people carry cash around, instead depending on debit and credit cards for most in-person transactions. In order to accommodate the needs of customers, many businesses take advantage of merchant services so that they can offer their clients the option of paying with a card. The funds from debit and credit card transactions are available almost immediately, so it keeps cash flowing in a business without any inconvenient wait-time. Business owners know they can count on the money they receive, and customers know they will be able to deal with the company quickly and conveniently. So in order to get more money flowing into a business, it is important to find the best deal on credit card processing services. The top three merchant services for small businesses are Square Point of Sale, Intuit QuickBooks Payments and Payline Data.
Some merchant services are compatible with both Apple and android devices, specifically using Apple Pay and Samsung Pay. This is convenient for small businesses that may need to take a payment while out or on the road.
Partly because it is part of the deal they work out with the equipment, many merchant services do not require their business customers to enter into a contract of any length in order to take advantage of their services. Instead, they hope to engage them as customers and get them to stay because they are pleased with the company.
In order to keep others from having access to the customer data, the best credit card processing companies encrypt all the information so that even if it is intercepted no on will be able to see what it says.
Many merchant services, like Square Point of Sale, offer equipment for low prices. Everything is included that merchants will need to start processing payments depending on what they need.
The card processing services are designed so that merchants will have no problem setting them up in their businesses and having all of their employees use them. The equipment is designed so that users will have very few problems setting it up and using it.
All of the best merchant services offer 24-hour support 7 days a week. They can help with questions about the equipment, the service and any other problems related to using the credit card processing services.
Some merchant services require users to pay a flat fee, but some credit card processing services allow their business customers to choose a plan where they only pay for the transactions they use. Paying for each transaction can add up quickly, especially if the per-transaction fee is large.
Large businesses with many transactions will obviously pay less on a plan with a reasonable flat fee. Other businesses might find a flat fee better because they want to budget for the same amount every month.
When there is a charge for every transaction, the actual amount can vary. Square charges 2.75% per transaction for in-person charges.