7 Questions to Ask When Choosing a Credit Card Processing Vendor

When it comes to choosing a credit card processing vendor, there are no shortage of options. And somewhere between the services, the fees, and your individual payment acceptance needs is the perfect credit card processing company.

Seven questions that can help you make a decision

Businesses should consider the efficiency, quantity, and quality of the services a vendor provides, so ask:
 

  1. Can your system accept all major credit and debit cards? Are there cards it cannot accept?
  2. Are all cards processed at the same rate or fee? If not, what are the differences?
  3. Do you offer mobile solutions for on-the-go transactions?
  4. What protections to you offer in the event of a data breach?
  5. What kinds of customer support do you offer?
  6. Will your program integrate with my business’s POS or office management/financial software?
  7. What are all the potential fees my business could incur–and does this include a cancellation fee?

Each of these questions deserves an honest response. Before you choose a processing vendor, have a frank discussion about the services offered, and especially about the fees you will be charged. 

Posted by:
Tracy Schmidt

Published in:
Credit Card Processing

Dated posted:
Jul . 26, 2016

Blog Categories:
Credit Card Processing
Equipment Loans
MilesAway MasterCard
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Information provided in the Posts & Articles section of the Professional Solutions Financial Services website is designed to educate healthcare professionals and other small business owners and provide tips related to money, credit and financing. Contributors are sharing their expertise and experiences. This does not constitute advice or endorsements by Professional Solutions.

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