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Streamlining Your Company

There aren't many things that make me mad, but when it comes to running a company, few things are more frustrating to me than lazy employees. A few months ago I started keeping closer tabs on my workers, and it became immediately clear that there were some team members that didn't care at all about things like productivity, saving money, and doing the right thing. I wanted to do something to correct the situation, so I started honing our processes, holding more team meetings, and perfecting the processes. This blog is all about streamlining your company and making things right.



Streamlining Your Company

How To Choose The Right Credit Card Processing Company

by Elmer Johnson

There are over 1,103 million credit cards in the US, meaning that many people prefer buying goods now but paying later. As a business owner, you'll be missing a lot of business if you don't take good care of customers who prefer to use credit cards. Many people prefer using credit cards because they offer:

  • Rewards
  • Protection
  • Convenience
  • They can be helpful budgeting tools when used correctly. You always know where your money is going
  • You build your credit score
  • Keep vendors honest

Most people who are not sure about a service or product use a credit card because they can cancel the transaction when not satisfied with the results. Most vendors understand this and tend to be more careful and professional when dealing with credit card clients. It can take between a day and three days to complete a transaction. 

As a business, to accept credit cards, you need a credit card processor. How do you choose one?

Check the Transaction Speeds

Most credit card transactions take a few seconds to complete, and slight delays can inconvenience customers. Many clients don't have the patients to wait for slow connections to work and will choose another faster vendor instantly. 

Can the credit card processing company handle huge and multiple transactions quickly and accurately? On the same note, are the transactions safe? A card processing company should also offer secure transactions and detect fraud quickly, protecting your business and customers. 

Customer Support Services 

A credit card processing company should be available anytime you encounter difficulties. Your systems will require frequent maintenance and troubleshooting. Does the card processing company offer the required assistance fast, minimizing downtimes and inconveniences?

Do you talk to real people who understand your concerns and are willing to go out of their way to help you? When facing system challenges, the last thing you need is automated responses from your service provider. 

On the same note, what structural solutions do they have in place to protect your business from network outages? 

The Charges

Credit card processing fees vary depending on the interchange category allocated to your business and the card brand. The most important consideration is a transparent rate structure with no hidden charges. Ask for an explanation of the fee structure and how the rates work from the credit card processor company.  

Note that choosing the right credit card processing company will improve customers' experience boosting sales. 

Contact a company like 1 Direct Processing to learn more.