If you have an online business, the ability to accept credit card payments is a must. Asking customers to send you a check or cash before you can process their orders doesn’t meet their expectations. Consumers want to be able to use a credit card to pay for their items, receive a receipt for their purchase and have their orders process immediately. If you want credibility as an online retailer, you have to be able to accept credit card payments.
Before you go to a merchant bank such as Solid Trust Pay to set up a merchant bank account to accept credit card, you need to have your storefront in order and able to handle credit card payments. If you are starting from scratch, consider hiring an outside company to provide you with a turnkey eCommerce storefront solution. Instead of you having to do the work and put together all of the different elements of an online store, these companies can do the work for you. They will set up your online shopping cart so customers can easily decide on the items they want and make their purchases. They will also streamline the processing of sales, shipping and other key elements of an online sale.
After setting up your online storefront, your next step is to choose a company for handling your credit card payments. The type of business you run and your size will play major roles in determining which processor is right for you. If you are a smaller business, you might want to avoid the major merchant banks, as they frequently cater exclusively to larger companies and force smaller businesses to pay higher premiums and rates in order to open an account. Merchant banks that specialize in smaller businesses such as SolidTrustPay have lower points of entry and don’t punish businesses simply because their volume levels aren’t as high as larger entities.
Setting up a merchant banking account should be a relatively quick and painless process. Most small businesses don’t realize just how easy it is to start taking credit card payments and how much of an impact this can have on their bottom line.
