How To Choose Accept Credit Card Payments Company? - PowerPoint PPT Presentation

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How To Choose Accept Credit Card Payments Company?

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Mobile credit card reader, credit card terminal, point-of-sale(POS) system and payment gateway are few of the methods that can be used to accept credit card payments. Website: www.paygate.co.za – PowerPoint PPT presentation

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Title: How To Choose Accept Credit Card Payments Company?


1
Choosing Accept Credit Card Payments Company Can
Be Challenging
2
Introduction
  • To find the most convenient and least expensive
    route from your customer's credit card to your
    bank account, you want to look for online credit
    card processing companies with
  • Low rates, few fees
  • Month-to-month service contracts
  • One of the best ways to ensure you get a good
    deal is to educate yourself about the different
    fees and rates processors.

3
Introduction
  • You should also plan on calling 3-5 credit card
    processing companies before making a decision so
    you can compare quotes and terms specific to your
    business.

4
Each Payment Processor Is One Of The Following
Business Types
  • Most credit card processing companies are
    independent sales organizations (ISO) and
    merchant service providers (MSP) that resell
    merchant accounts from direct processors.
  • Direct processors provide merchant accounts and
    have relationships with the banks and credit card
    brands.
  • Though these companies tend to be better suited
    to large businesses, they work with small
    businesses as well.

5
Each Payment Processor Is One Of The Following
Business Types
  • Payment facilitator known as merchant
    aggregators. Generally, this type of processor
    works best for very small businesses that process
    less fees.

6
Four Basic Ways To Accept Credit Cards
  • Mobile Credit Card Reader- This is a portable
    device that lets you accept credit cards anywhere
    using a smartphone or tablet with a credit card
    payment app installed on it.
  • Credit Card Terminal- This type of processing
    hardware is used exclusively to accept credit and
    debit cards.

7
Four Basic Ways To Accept Credit Cards
  • Point-of-Sale (POS) System- POS systems are
    available for purchase from merchant account
    providers or POS companies.
  • Payment Gateway- This is an e-commerce solution
    that you use with shopping cart software or an
    e-commerce platform to accept credit card
    payments through your website, blog or online
    store.

8
Mobile Credit Card Reader
Credit Card Terminal
Point-of-Sale (POS) System
Payment Gateway
9
(No Transcript)
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