What to Look for When Hiring One?
Hiring an efficient and reliable credit card payment processing company is the best first step taken to help your business grow online. But when it comes to selecting a good merchant service provider, there are so many things that you will need to look for. There are countless numbers of companies that provide merchant processing services while making it difficult to decide which one will fit your needs the best.
It is imperative that the company you hire should be dependable and you should know everything about their service policies before hiring them. The following are a few tips that will help you selecting a suitable merchant account provider for your business –
Monthly Fee: To keep your overhead costs down, you should hire that credit card processing company, which requires low monthly fees. Also, you should also make everything clear about their continuing costs and fees. It should be competitive and economical for you.
Approval Rating: Check for their average approval rate, which includes fee to apply, processing speed and percentage of approved applicants. A compliant online credit card processing service, like Algocharge, will always have a higher rate of approval and they will not charge any fee for processing your application and will do it quickly.
Set-up Cost: A good credit card processing service is that, which does not have high start-up costs and doesn’t overcharge you for setting up a merchant account and payment gateway.
Support Service: Always select a service provider that provides top notch customer service. They should be available for any queries 24/7, should be prompt in reply and should provide useful information. In addition, an accessible merchant service provider will have various ways of contact, such as – email, telephone and instant messaging.
Start-up Time: An efficient credit card payment processing company will never take more than one to two days for approving your application and getting you in business. They should be quick in setting up the online merchant account.
Point of Sale Options: A good credit card processing merchant account provider will offer various POS options. Availability of card readers or swipers through the services is equally important, especially if you operate from distant sales areas or if yours is a retail business.
Online Features: Good merchant processing services always offer payment gateway, online merchant account and one type of virtual terminal.
Fraud Prevention: Only a secured payment processing service can provide protection to its clients. Look for SSL, fraud protection, real time processing, CVV2 acceptance and address verification services while hiring a service provider.
Thus a good credit card processing service will offer the most economical, accommodating, versatile, quick and reliable services. Be very careful about hiring a service provider. They should be able to meet your needs and help increase your sales and customer base. You can count on Algocharge for all these facilities and best services in the industry.