Partnering With The Perfect Credit Card Processor
While there are essentially innumerable credit card processor companies you can find and partner with these days, there is still a great deal of misunderstanding regarding what makes a credit card processor a worthy partner of your business. Although it typically goes without saying that any truly professional credit card processor should have your best interest at heart, this isn’t always the case in the real-world application of such an ideal. We have witnessed firsthand the damage that can be done by poor payment-processing plans, personnel, and protocol, and this is something we strive to avoid at all costs with our clientele – merchants just like you who may or may not get the whole processing industry, but whom we educate and inform for the betterment of both your business interests and ours.
When you’re seeking a new credit card processor online, for instance (and we’ll use this scenario for today, as it is the most common method for securing such services now), you of course know that you want affordable rates and quality service, but that isn’t enough to differentiate the good apples from the bad. What you need are special criteria for determining the value of a potential processor – and, as they all claim to have affordable plans and world-class service, it can be a doozy separating the worthy candidates from others.
First, rely on the testimonials of both previous and current clients of the credit card processor. If you can’t obtain contact information from the credit card processor that claims to be able to provide satisfied clients’ reviews of their service, that’s a red flag – turn and run. As you speak with their clients, however, be sure to ask questions that pertain to your specific entrepreneurial arrangement – and your long-term goals.
Next, take into account how your credit card processors plan will impact the function – and the viability – of your company, and ask yourself how well the terms and conditions within their contract will serve your business interests, both now and in the future.
Finally – and in connection with the second concern – ask questions as specific as: How will I be charged for my transactions? Per month? Per transaction? Will there be late fees, termination fees, or hefty chargebacks? All these issues and more are vital in making sure that your company is well taken care of when it comes to finding the perfect credit card processors to suit your needs. In today’s market, don’t take risks. Make sure you are fully equipped to deal with such situations.