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The Best Credit Card Processing For Small Business Owners | SBA ...

Sep 10, 2013 ... In this article, I'm going to share with you how to determine which merchant for credit card processing would be best for your small business.

Credit card processing for small business - Intuit QuickBooks ...

Credit card processing basics that small business owners must know, from accepting credit card payments to reducing processing fees. Intuit QuickBooks ...

QuickBooks Payments: Credit Card Processing, Merchant Services ...

QuickBooks Payments offers many payment processing options to get paid fast. ... Having a small business, I wear many hats and I want to spend as much time ...

Small Business Credit Card Processing | BluePay

BluePay provides credit card processing for small businesses in a competitive market with a variety of flexible & convenient payment methods. Contact us now!

Small Business Credit Card Processing | Chase Paymentech

Small business credit card processing is all about convenient sales for customers . Let Chase Paymentech help you accept & process credit cards.

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Choosing a Credit Card Processor (and Drawing Some Conclusions ...

Mar 29, 2013 ... My search for a credit card processor started last April and dragged on through the end of January. Like many small-business owners, I have ...

Merchant Services and Payment Solutions for Your Business – PayPal

From accepting credit cards on a website to online invoicing, you can easily manage all your business payment needs with PayPal's merchant services.

Low Cost Online Credit Card Processing for Small Businesses

PaySimple's credit card processing services give small & medium-sized businesses the ability to collect online and mobile payments.

The Best Credit Card Processing Services - Business News Daily

Mar 3, 2014 ... Choosing the right credit card processing company can be difficult. Here's what to look for in a merchant services account.

Small Business Credit Card Processing | Elavon

Small Business Credit Card Processing | Grow your small business with Merchant Services and Credit Card Processing Solutions from Elavon.

Small Business Credit Card Processing Tips - CardFellow

Small business can get the same competitive credit card processing that larger businesses get by knowing a few key secrets.

Merchant Warehouse - Credit Card Processing made easy

No contracts, no cancellation fees. Sign up today for our lowest rates. Already processing? Contact us for a free rate review!

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How to Choose a Business Credit Card Processing Service


What are the components to credit card processing?

More and more, customers are using credit cards rather than cash when making a purchase. Convenient and relatively easy to handle, credit cards are often used by consumers because of the allowance of short-term loans and credit lines. The process starts when there is a sale between the merchant and the customer, and the customer swipes their card. Consumer information is transmitted to the credit card processor, where they register the transaction with the customer’s bank. Once the consumer balance has been verified, the authorization for payment is then sent back to the merchant. After all sales have been made for the day merchants will process all of their charges with their provider, this is often referred to as “running the batch,” which will then manage individual transactions and handle the transfer of money.

It is vital that owners integrate credit card processing systems into their businesses. However, there are several factors to consider when choosing a service:

1. Providers

There are a wide variety of credit card processing providers that offer their services to businesses. There are several ways to implement credit card processing in a business. One way is for businesses to create a merchant account directly with a bank. However, more and more banks are moving away from providing this service. Instead, most small businesses will go through third party vendors to set up the merchant account.  In order to learn more about providers, business owners can visit the Electronic Transactions Association (ETA) website for more information.

2. Fees

Typically with each transaction made, there is a fee called the discount rate. The discount rate is made up of a variety of fees and charges that merchants are required to pay in order to process credit cards. The largest fee is known as the interchange fee, which comprises of a flat fee that is paid between banks for credit card transactions. Generally, they are set by the credit card company and are non-negotiable. However, businesses can negotiate certain fees with the service provider, such as processor markups, based on a variety of factors. These include the type of business, the number of transactions the business will process and the type of credit card processing system a business will use.

3. Equipment

In order to integrate credit card processing, the business owner must buy the relevant equipment necessary to make such transactions. There are several necessary components that are critical to credit card processing systems. Credit card terminals are used to handle transactions, where customers swipe the credit or debit card to transmit consumer information to the merchant service. Software in place complements the equipment, as it runs the transaction system. Credit card processing systems are vital for businesses, as it provides purchasing options and streamlined business transactions. Providers may have different options when it comes to purchasing software. Based on the type of business and transactions handled, a business owner should consider what type of terminal to use, or whether mobile options are available.