Consumers are so used to the convenience of credit and debit cards that it's no longer an option for a merchant to take plastic -- it's a necessity. Consumers expect to be able to use plastic to pay for everything, even small items. From their point of view, that's the end of the transaction but it's a whole different story for the merchant.
From credit card readers to securing the networks to transmitting information to the bank, there are multiple steps that must happen before the money is finally deposited into the merchant's account.
The Business.com guide to credit card processing will tell you everything you need to know about taking plastic including:
- How credit card processing works.
- The equipment needed.
- How much it costs.
- Tips on how to make the right purchase.
- A comparison checklist of features to consider.