16 Sep The Top Credit Card Companies by Processing Volume
Businesses wanting flexibility to accept different forms of payment need to have merchant accounts and be able to take credit cards from customers. While there are a few businesses who don’t take credit card payments, they are quickly going the way of the dinosaur. However, when a business is in the process of choosing which credit card processing company to use, it’s a good idea to look at their processing volume. This will not only show which companies are doing the most business, but also show that other companies are using this processor and apparently being very satisfied with the service they are receiving.
Companies that are processing high volumes of credit card payments are usually ones offering the best customer service to their clients, the lowest fees and the quickest turn-around on payments. Some of the more well-known credit card companies with substantial credit card processing volume include CreditCardProcessing.com, Flagship Merchant, Merchant Warehouse and National Bankcard. These companies are given extremely high approval ratings, most often in the 98-99% range by clients. Accounts with these companies can be set up the same day, with some offering wireless terminals that can be plugged in to smart phones for businesses who are on the move. Clients with these companies are also not made to sign long-term contracts, allowing them the option to change merchant accounts whenever they wish.
All of these processing companies do well into the millions in credit card sales transactions per month, qualifying them as high-volume processing companies. With that amount of money trusted to them by clients each month, they have to be sure they are able to offer the best possible service to their customers. Besides offering 24/7 support, these companies also offer such important services as reprogramming, shopping cart set-up and online reporting to make it easy for clients to analyze their transactions and see where improvements need to be made. By using a company that is experienced in high-volume processing, the client can be assured of having a partner who is able to answer the toughest questions and find the best answers.