The small business market is more competitive than ever, with an estimated 27.9 million small businesses in the United States alone. With competition steadily on the rise, it’s time for small businesses to pull out the stops to make themselves a viable competitor within their industry—and it all starts with their payment processing.
Today’s technology makes it easier than ever for small businesses to manage their funds. Here’s how to take your business to the next level with a few easy steps:
- Look for customized merchant accounts
- Make sure your processing system is PCI compliant
- Use small business software to keep your finances in order
What sets small businesses apart from corporations is their ability to cater to the individual. You should expect the same from your small business merchant account. Look for an account provider that’s willing to customize your merchant account to fit your needs. If you’re interested in taking your business online, consider e-commerce payment gateways; if you want to simplify your billing process, look for packages with electronic billing. You can never predict where your business will take you—make sure that your merchant account will be able to keep up.
PCI compliance has become a growing concern over the past few years. Complying with PCI standards is now required for all businesses accepting any form of credit card payments. To avoid penalties and other inconveniences, it’s important to stay up to date with any PCI compliancy changes and keep your credit card payment processes legitimate. Choose from a host of tools to protect your data, including tokenization, hosted payments, secure gateways, and end to end encryption.
These days, there’s a software for everything. You’ll likely use a variety of software packages to keep your business running smoothly, and credit card processing is no different. From helping you with your accounting to keeping your payroll in order, software can eliminate the human error that causes businesses to fall under. You’ll also be able to monitor your business’ process over time by tracking important data points such as swipe rates, processing times, and overall revenue.
There’s never been a better time to open a small business in America. With simplified mobile payments and credit card processing, small business owners can take control of their business and help it grow through smart, customized financial decision-making. For more information about how to get your small business on the track to success, contact Vision Payments today at (877) 674 – 2286.