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Getting the right merchant account for small businesses

November 23, 2011

One of the most vital ways that businesses of all shapes and sizes can better compete with other firms is to sign up for the most advantageous merchant account service. However, knowing what signs to look for will help avoid the potential pitfalls that often accompany the process.

One of the most vital ways that businesses of all shapes and sizes can better compete with other firms is to sign up for the most advantageous merchant account service. However, knowing what signs to look for will help avoid the potential pitfalls that often accompany the process.

According to the Survival Guide for Small Business, it’s good to explore what type of equipment is being offered by the merchant services providers and whether or not the companies charge a fee for doing so. Another important aspect of this is to make sure a retailer has the ability to take credit card payments over the internet.

The flexibility to accept a number of different cards is also key.

“Before selecting a merchant account provider, look for a company that deals with all the major credit cards,” the source reports “The ability to accept a wide range of credit cards offers your customers more convenience.”

For more forward-thanking businesses, mobile payment terminals could turn out to attract a whole new demographic of customers. Using smartphones in place of traditional wallets is quickly gaining steam in cities and towns across the country. 

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