It’s important to choose a merchant services provider that can seamlessly integrate with your other software. Look for a company that’s a household name, such as Intuit. If you’re already familiar with Intuit’s bookkeeping software, you should be able to easily integrate with its merchant services.
Payment gateways
If you’re a merchant looking to accept credit cards, payment gateways are essential to your business. They act like the backbone of your merchant account setup, keeping a secure and encrypted connection to your card issuer’s network. They also allow you to process credit card transactions with less hassle.
Unlike traditional merchant accounts, payment gateways have a lot of flexibility. They can be used for businesses with multiple locations or an online store. In addition, most payment gateways are secure and have never been hacked. However, you’ll be required to pay a monthly fee of around $25 to $75, which may be waived if you have high sales volume.
When choosing a merchant account provider, you should read the terms and conditions carefully. Make sure that the provider will not charge you extra fees or nonstandard fees for set-up or cancellation. You should also choose a provider with month-to-month contracts, which are more flexible than long-term contracts. Many standard payment processing contracts have three-year terms and hefty early termination fees. Some contracts also include liquid damages clauses.
A merchant account provider can help your business accept credit cards through your website. These companies offer a variety of payment options, including mobile card readers, ecommerce payment setup, and countertop credit card terminals. The rate you’ll pay with a merchant account is based on the total fees paid by your customers divided by the merchant services los angeles monthly volume you process. Often, a merchant account provider can offer a lower rate for businesses that have been in business for a few years.
Contactless payments
Contactless payments are a fast, convenient way to pay for goods and services. They also eliminate extended physical contact, which is beneficial for busy consumers. In addition, they can save time at the checkout counter. As a merchant, you can take advantage of the convenience of this technology by partnering with Valued Merchant Services. They offer competitive pricing and secure credit card processing.
This payment method is becoming increasingly popular in the U.S., with contactless payments reportedly taking 30 to 50% less time than standard credit card payments. This time savings is especially beneficial for low-dollar purchases and micropayments. It’s also gaining popularity for use at parking garage checkout terminals and public transportation turnstiles, as it can reduce the amount of time people spend waiting in lines.
Mobile payments
As mobile wallet usage continues to grow, merchant services must adapt to stay on top of the game. By accepting mobile payments, businesses can gain increased customer attention and boost their bottom line. In addition, customers will appreciate the convenience and security of mobile payments. If you’re not accepting mobile payments, learn more about the benefits of mobile merchant services.
Mobile payments are similar to credit cards, but instead of a physical card, the consumer scans a QR code on their phone. This type of payment has become widely accepted by banks and convenience stores. Mobile payments are gaining popularity as they remove the need to maintain a large, bulky POS system. Many mobile payment solutions also integrate with the payment gateway, allowing for easy centralized reporting and reconciliation.