At One Payment, we love providing our readers with great ways to find the best payment processor! In this article, we will provide you with some features that you need to look for during your search.
Embrace the Technology
While some merchants are hesitant to upgrade to the latest technology, it is vitally important to upgrade, both for the security of your business and for your consumers. Not every merchant has time to handle every detail with processing, which is why it’s helpful to have a company do it for you.
What Should I Look For?
Without a doubt, you need a company that will be accessible to you 24/7. Just because it’s 5 o’clock doesn’t mean business shuts down. If you have a problem with your processing, you need to be able to reach the company and troubleshoot.
Unfortunately, fraudulent transactions are becoming the norm these days. You need to make sure that you have solid fraud protection in place for your protection, along with that of your customers.
Software integration will become your new best friend! With integration, it essentially merges with your existing management software, and it will help you finalize the process. Not only will this save you dozens of hours, but it will ensure that you’re up and running and ready to accept transactions in no time.
PCI compliance is another priority. If your business is found to not be PCI compliant, you might be liable for any fraudulent charges. These days, PCI compliance is pretty standard, but make sure to ask any potential processor about your options.
Fees, Fees, and More Fees
Without a doubt, the main reason why merchants sometimes skimp on processing needs is a result of the fees that are charged. Just because a company offers you a low fee does not mean that there won’t be hidden costs involved. Unfortunately, you usually don’t realize it until it’s too late and you’re locked into a contract. It’s vitally important to speak with multiple representatives before agreeing to any contract so that you know you’re getting consistent information.
As always, make sure to choose the option that is right for you and your business. With these great tips in mind, you’ll be well on your way to a partnership with the perfect processor in no time!