How to accept credit cards online
If you take the time to select the proper provider, setting up an online payment system for your business isn’t complicated.
Like any business owner, you want to be able to accept credit card payments online from clients and customers.
However, there are many payment-processing vendors to choose from, ranging from small startups to large, well-known corporations. Each offers a unique set of features and different fee structures.
Whichever vendor you choose should match your business’s needs, whether that means you’re looking to process just a few — or thousands of — transactions a month.
Your ideal online payment options should meet the following needs:
Beyond these considerations, you’ll also want to confirm that the provider you select has a proven payments track record, works well in your industry, offers a good level of customer support and runs a secure system that can protect against and detect fraud.
Types of payment solutions
Most likely, you will be looking for an all-in-one solution or a basic credit card processor — the two solutions most commonly sought by smaller businesses. A third solution, a merchant account with a payment gateway, is typically a better fit for a large business.
Once you’ve selected an online payment option, ask questions about fees. Negotiate, if you are able. Make sure you understand how long it takes to implement the solution and what it will take to integrate the payment system with your website or online store.
Finally, be sure to ask about the level of customer support provided, so you can ensure you get answers to your questions as needed and have ready access to the right resources if the system goes down.
Get more information about flexible tools for debit and credit card processing, tailored to your business.