If you are a business owner who also has your own eCommerce website, then you may find yourself looking to start up your own merchant account as a way of accepting credit card payments over the Web from your customers and clients. This can be a great way to boost sales while spreading your potential customer base beyond just the region where your business is located. In order to accept secure credit card payments on your business’ website, however, you will first need to find a merchant account and credit card processing company.
When choosing a credit card processing company, however, there are many considerations that you should keep in mind. The last thing that you want to do is to choose just any company for the job. Instead, it is recommended that you read some credit card processing reviews from third-party websites as a way of best determining which company you should ultimately go with based on a number of important factors. So what are some things you should look for when reading credit card processing reviews?
Transaction Fees
All credit card processing companies these days charge some kind of processing fee for each card payment that they process. This is how these companies make money. However, the fact remains that different companies charge different fees. For example, some offer what is referred to as “interchange plus” pricing, which means that the website owner is only charged when the credit card company charges them. This is an idea type of fee to look for when choosing a company and is something you can usually find out about through simply reading some online reviews.
Customer Service
Another aspect of choosing a credit card processing company that is important is the company’s customer service. If you read some real online reviews from people who have used the company in the past, it is easy to find out what you can expect in terms of customer service, friendliness, accessibility, and other important aspects. If a company has low transaction fees but is known for awful customer service, it may be best to look elsewhere.
Security
Of course, when accepting credit card processing on your site, having a secure method of payment is vital to ensure that yours and your customers’ information is safe. Therefore, you should read reviews to find out what other users of the processing company have had to say about the security of the transactions in the past.