How to Accept Credit Cards on the Cheap
If you’re a business owner, you’ve certainly been in the situation where a customer or client wants to pay his or her bill with a credit card. If you happen to own a start-up or small business, you may think that accepting credit cards is simply too expensive for a company that’s the size of yours. However, there are several programs and services that give you the opportunity to accept credit cards from customers without breaking the bank.
Square (http://squareup.com/)
Square is an online service that charges one simple rate (2.75%) regardless of which type of credit card you swipe. This is a definite benefit because many other credit card acceptance services charge more for specific credit cards such as American Express and Discover than for others such as Visa and MasterCard. Another main benefit of Square is that payments are deposited to users’ bank accounts the day after they’re processed.
Flagship Merchant Services (http://www.flagshipmerchantservice.com/)
Arguably, the best thing about this service is that 98% of people who apply are approved. Furthermore, you receive money from your sales two days after the purchase is complete. There’s no start-up fee, and instead of an annual contract, you can operate with Flagship on a month-to-month basis.
Merchant Warehouse (http://merchantwarehouse.com/)
One big reason to go with Merchant Warehouse is their reputation for excellent customer service. The company also offers inexpensive start-up options as well as a terrific discount rate for those businesses that are based online. The icing on the cake is that 99% of applications are approved.
These are just three ways that you can accept credit card payments from your customers without totally emptying out your bank account. What other companies would you consider going through for credit card acceptance services?
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