How to Choose the Best Credit Card Processor

When choosing a credit card processor be sure to do your research to ensure that you are using a quality vendor.

When you decide to start taking credit cards as a form of payment for services or products that you sell, you are going to have to choose a credit card processor to handle those payments. If this is your first time going through this process, you may not know what to look for in a provider. Below you can learn about some of the things you should consider as you go about picking a credit card processor for your business needs.

What are the fees? Comparing rates is always a good place to start, but should not be the only thing you take into consideration. For instance you might compare VPS to some other credit card processor and find that VPS rates may be a fraction higher, but the other company has been involved in several lawsuits over the past few years. Sometimes you just get what you pay for from a company. We can ensure a competitive rate for your business.

What is the turn-around rate? How long does it take for the funds to be processed and put in your business account? Since most companies work in real time, the amount of time it takes to process the payment and put it in your account should not be very long. If it is, then the company may not be using the most up to date software, which also means it may not be as secure as you would like.

What do the reviews say? One of the most beautiful things about the Internet is that you can get a review of just about anything just by using your browser. Try to use critical thinking when you read the reviews because people are going to put themselves in the best light possible, but still consider the details of what you read. If you see an issue mentioned once, it may not really be an issue. If you see it mentioned multiple times, it might be something you need to think about.

Vision Payment Solutions has a stellar track record and can help your business find the right credit card processor. Whether you are processing 100 transactions or 1,000–we can help!