Some of the trendier merchant services companies are popular with small business owners looking to accept credit card payments. It may be easy at first with the initial card reader you’re given. However, you then end up paying more in fees, and your equipment will most likely not be EMV-compliant, a big safety concern for your business.
Nowadays, business owners pay close attention to customer experiences, which is great! You want to make the payment portion of the buying experience in your store quick, easy, and most importantly, secure. However, you do not need to compromise your business to do so. At first you may think paying a flat fee for credit card acceptance is a good thing, but it’s really not at all. You can greatly benefit from working with a local merchant services company, because they will work with you to find a lower rate that will allow your business to grow. With a trendy mobile solutions company, you will end up paying more than you should for accepting credit cards.
Related: Credit Card Processing Best Practices
Flat fees are not all that they’re cracked up to be. Not only will you pay more, you also open your business up to risk. I have recently seen many small businesses, especially restaurants and healthcare providers, fall victim to risk by chargebacks. Why is this happening? These trendy mobile solution companies are not giving you EMV-certified equipment to protect your business from fraudulent charges. You are putting yourself and your customers at risk by using non-EMV compliant terminals and equipment. These trendy mobile solutions companies don’t have support dedicated to keeping your best interests at heart, whereas local processing companies will look out for you. Companies like International Bancard will let you know the moment there is a change with something like PCI compliance or equipment changes to ensure your business is accepting payments safely and through the best means possible.
A local payment acceptance company will be able to meet with you face to face at your business, they can offer better customer service and they can keep you up-to-date on industry trends and changes to keep your business safe and secure.
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Content provided by International Bancard
