If you’re a brand-new business, one of the first things you’re going to want to set up before you officially open your doors is a way to accept credit cards. While this can seem like an overwhelming task, with a little preparation you can get set up quickly and smoothly. We’ve prepared this short guide on how to set up credit card processing to help you get started.
Think About Your Needs
Before you start looking for a credit card processor, think about the specific payments needs of your business. Do you take all of your payments at a physical location? Does your team ever go out into the field or to events and need to take payments there? Do you need an ecommerce solution? Next, think about other features your business might find useful. Is it important for you to have your money in your bank account the very next day? Would you like your payments to be integrated into the business management software you already use? Do you need to be able to take Apple Pay? Once you’ve decided how to set up credit card processing at your business, it’s time to start shopping.
Do Your Research
There’s no shortage of credit card processors out there, and each one talks a very good game. You’ll need to ask questions and think critically and skeptically about the answers you’re getting to make sure you’re not being led astray. Give any processor you’re considering this Processor Polygraph – if they won’t fill it out or if you have reservations about their answers, don’t sign on the dotted line. Also watch out for things like terminal leases, contracts, and junk fees. These are all ways that processors trap business owners into relationships that don’t meet their needs – and then disappear. It’s important to remember that just chasing after the lowest rate can get you in trouble. Consider the availability of support, customer ratings and reviews, and any other data you can find before you make the switch. You’ll probably find you’re willing to pay a little more for peace of mind.
Pay Attention During the Setup Process
Once you’ve selected a credit card processor, it’s time to actually learn how to set up credit card processing for your business. Pay close attention during the installation process and ask a lot of questions. Make sure you and your team fully understand how to use all of the components of your system and run plenty of tests. Be certain you know who to call if something goes wrong, and make sure you trust that they will be there when you need them. The best credit card processors will explain everything to you thoroughly and answer any questions that you have. Make sure you feel comfortable with everything before the installation is over.
Finding the Right Credit Card Processor for You
At 360 Payments, we believe that payments shouldn’t be complicated. We focus on them every day so that you quite simply don’t need to. As a busy business owner, you have lots of things to worry about. How to set up credit card processing shouldn’t be one of them. Give us a call at 1-855-360-0360 or drop us a line on our website. We’d love to help change your credit card processing experience for the better.
PS – Read more of our tips on how to choose a credit card processor here.
PPS – Make sure your credit card processor has these traits.