Any online business, anyone who wants to be taken seriously should be able to accept credit cards. Any business that doesn’t accept credit cards are missing out on increase sales as card payment is one of the most common method of payment. Its convenience means customers are likely to make purchases.
Why accepting credit cards online is a must
Accepting credit cards portray a legitimate business. By displaying logos of credit cards in your website, you can grab a customer’s attention and create a sense of trust. When you’ve earned their trust, they won’t think twice buying a product from you. Did you know that credit card users are impulsive buyers? They are in control of their purchases, which means customers can complete transactions quickly without thinking if they will run out of funds. Since credit card transactions are processed and settled quickly, proceeds will be deposited to your account in just a couple of days. So, if you aren’t tapping to this potential, chances are your competitors are already reaping these benefits. Credit card processing is a high-competitive business, you’ll definitely find a merchant service that will suit your budget. So what’s keeping you?
How to find the best credit card merchant
With a myriad of credit card merchants available, figuring out which provider will be most suited for your business can be difficult. As a business, you don’t just jump into a merchant because the monthly service is cheap, you also need to consider other factors like:
- Average Approval Rating
- Cost Per Month
- Startup Costs
- Setup time
- Internet Based Features
- Customer Service
Flagship Merchant Services
Flagship Merchant Services is best known for its paperless application process, 98 percent approval rating, and low processing fees. There are no startup fees and accounts can be processed in as fast as 1 day. Retailers have a choice in three different POS (Point Of Sales) model along with a shopping cart for online stores. Flagship Merchant Services offer monthly agreements instead of a two-year contract like most merchant services. Flagship Merchant Services has 24/7 support in toll-free and email.
Visit FlagshipMerchantServices.com
GoEMerchant
GoEMerchant is your all-in-one eCommerce solution. It is more than just a merchant service provider as it offers the things you need to run an online business including a shopping cart software, along with a merchant account. They also offer an all-in-one solution by providing customers with web analytics, web hosting, and SSL certificate. There are no contract terms as accounts are setup on a month-to-month basis. GoEMerchant has 24/7 support in toll-free, email, and live chat.
Electronic Payment Exchange
Electronic Payment Exchange is a global merchant account provider known for serving businesses in retail, internet, health care, insurance, and banking industries. EPX offers ACH payment processing services, PCI-compliant debit and credit card, web-based data analysis, reporting, and chargebacks. EPX is a straight-through payment process. It means that they control all transactions from beginning to end. Through this method, EPX can offer lower process and a more secured tokenization. Tokenization is the process of substituting credit card numbers into tokens. Tokenization is secured as thieves can’t see it as a credit card info but a useless token. EPX has 24/7 live chat, email, and toll-free phone support.
E-Commerce Exchange
E-commerce Exchange is a full service internet, and retail merchant account provider. The company provides various merchant services like credit card processing, and online payment gateways through Impact PaySystem and Authorize.net. E-commerce Exchange;however, unlike its competitors, it offers merchant accounts even if you are using a different payment gateway provider. The company also sells software, assists with web hosting, domain registration, website development, and auction services. E-Commerce Exchange is a reseller of Wells Fargo Bank. E-Commrce Exchange has 24/7 email, and toll-free phone support.
Chase Paymentech
Chase Paymentech is another serious contender in the processing industry. They are an acquirer, a bank that handles both the merchant processing and the actual payment processing. This cut outs the middle man; thus translates to a higher quality service. The company has processed over a trillion dollars in the past two years alone; which means it is one of the most trusted merchant services out there. With Chase Paymentech, you are going to a direct source. This means that there will be no middlemen and you’ll be able to negotiate at better rates. Chase Paymentech has 24/7 phone, and email support.
Pay Junction
PayJunction is a Trinity product that includes components to process payments online via a virtual terminal, through an e-commerce website, or over the phone. The best feature about PayJunction is its user interface. Most virtual terminals are bland pages, but PayJunction redesigns this with a more visually appealing UI. If you need to process payments online in a more streamlined interface, this company is the best way to accept credit cards online. Pay Junction offers 24/7 toll-free phone, and email support.
Merchant One
Merchant One is an all-in-one credit card processing service perfect for SMBs and large enterprises. The company is the only service provider that can have you approved and setup to accept credit cards in as fast as 24 hours. There is no application fee, setup, or reprogramming fee which makes it great for business startups. Merchant One offers 24/7 toll-free phone, and email support.
Merchant Plus
Merchant Plus is another payment solution that includes a merchant account, a virtual terminal, and a payment gateway to accommodate payments online. Their default service doesn’t have a shopping cart but it can be integrated with many online shopping carts. Applying for an internet merchant is easy though online application. Accounts can be set up in as fast as 48 hours and has a high approval rate. Merchant Plus has 24/7 toll-free phone, email, and live chat support.
Intuit Online Terminal
Intuit is a unique merchant service as it makes software for accounting, finance, and tax preparation (QuickBooks, Quicken, TurboTax). What you didn’t know about Intuit is that they also help you accept credit cards online. They offer various solutions when accepting payments through your webstore like a mobile phone or using their software, Quickbooks. Intuit Online Terminal is the simplest solution for accepting payments online. It is one of the best virtual terminal online as it has a very user-friendly interface. Everything is right where you need it and the interface is very easy to use.
Intuit Merchant Service for Quickbooks
Intuit Merchant Service for Quickbooks let you accept credit card payments online through your Quickbooks. This is a great service especially if you are using Quickbooks. It accepts credit card payments and seamlessly sync it to your Quickbooks records. The downside is that the transaction fee and discount rates for accepting credit cards are higher than most companies in this list.