Pitfalls of Signing Up for Credit Card Processing Online

Dangers of looking at setting up your credit card acceptance for your business as a checklist item

Many small business owners see an offer online for a quick and easy sign up to start accepting credit cards for their business. They have now checked off one more item on their “To Do” list, they quickly click the link and sign up for a payment processing solution. But BUYER BEWARE, here are some pitfalls to avoid:

Hidden Constraints: See the actual terms & conditions of the agreement? What are you agreeing to by filling out the paperwork? For example, are you making a long term commitment with this provider, which will cost you money to terminate?

Less Flexibility: Payment processing options must be configured to improve your success for payment collection. Using an on-line provider may limit your options. For example, can you collect payments 24/7?

Lack of Service and Experienced Support: Can you speak with the provider about your business and receive a payment processing solution suited to your needs? As your business changes, so will your payment processing needs. Do you have the opportunity for a personal review?

At TransAct, we are available to support you with all of your payment processing needs. We take the time to understand what is important to your business, customize your payment processing solution, answer all of your questions, and we have the experience to periodically recommend changes as the dynamics of your industry change.

If you are tired of not getting the service you deserve from your current payment processor, contact us to see if we are a fit for your business.