7 Things To Consider Before Choosing A Credit Card Processing Company

Choosing a credit card processing company is no child’s play.

There are some clear advantages to accepting credit and debit card payments in your business.

You give your customers the convenience of paying by mobile phone, by tablet, online, or in QuickBooks.

Especially now that customers expect a much-improved service delivery from the businesses they patronize frequently, you should disappoint.

Accepting credit cards is an important component of running a successful business and the process as well as the ease of making payments can break or make the sales process.

This implies that you have to be very careful choosing a credit card processing company for your business.

There are so many companies and choosing the right one can be quite difficult.

Credit Card Processing Company

If you are wondering what criteria to use in selecting an online payment service provider, we are providing you with 7 things to consider before making a choice.

Things To Consider When Selecting your service provider

1) Reliability

Reliability is an important factor for any business to run smoothly.

The business can lose much revenue if the card authorization network is down at the point of sales conversion.

The important thing is to find a company that has a good track record of reliability and uptime.

You also need a credit card processing company that addresses problems as they spring up.

Be informed on how the potential providers take care of unpredicted authorization network outages and also what impact it will have on the operations of the business.

2) Other’s Experiences

Equally as important as a good track record of reliability are the customer reviews of their experiences with that credit card processing company.

Inquire from other business operators in your locality or industry about their favorite credit card processing company and what their experiences have been thus far.

Search for a credit card processing company with a tested and proven record.

It is much better to gather this information from businesses in a similar niche as yours.

Collect as much information as possible to ensure the final decision will be the best.

3) Support

Another top priority when considering a credit card company should is to ensure that your business can get the needed assistance when needed (even in emergencies).

Faultless and fast payments are one of the main factors that give customer satisfaction. So getting a provider that offers positive support and ready to fix problems within the hour can make an enormous impact on your business.

An excellent provider should offer 24/7 customer services both by phone and email.

4) Security

It is essential for any business that accepts credit cards to secure the sensitive payment information of their customers.

Any data breach can negatively affect the business no matter its size.

Are payments processed on your website or theirs? What are their requirements if payments must be processed on your site?

Data security must be guaranteed and fraud protection must be taken seriously.

Find out if the credit card company does offer monetary breach to compensate in case the customer’s data is compromised.

5) Simple Contracts

Regardless of the credit card company one chooses it is fundamental to have a written agreement.

What kind of fees do they charge? This is very important.

Check the details of the contract thoroughly before signing and note important things like termination fees, application fee, setup fee, monthly fee, per-transaction fee, monthly minimums, cross-border fees, chargebacks, rolling reserves, contract length and also transparency fees.

As easy as it is to choose a credit company that gives the lowest rates it is vital to identify any factors that come with the provision of secure, safe and also a reliable process of payment.

6) What Are The Accepted Payment Types?

For individuals with retail businesses, they must ensure that the payment process takes the major debit and credit cards.

What kind of payments do they accept – credit card, debit card, PayPal?

Do they support recurring payments?

This will ensure that no customer will have to be turned away or lost during the sales funnel.

Find out if they support the currencies you want to accept?

Do they, also, support organizations located in your country?

Depending on the type of business you operate, a system that can accept gift cards, prepaid cards and electronic cards is a perfect option.

7) How Long Will It Take To Set Up?

Setting up of the processing technology should be an easy task for the business owner or employees.

Setup should be easier. And if it appears difficult, is the company ready to undertake the task of installing their software for you?

This is a question that must be answered from the start.


All the factors above will be of great help in deciding if a certain credit card processor is the right one for the business.

So which is the best solution for you?

Well, it comes down to what is important to you and a good fit for your needs.

In the end, it will come down to a combination of 4 things: support, simplicity, security and price and only the right blend of these elements should you ever consider using when it comes to choosing your perfect PayPal alternative.

Weigh all the available options and choose the one that will favor the customers as they are essential to keeping the business running.