Opening a Merchant Services Account
Do you even need a merchant services account? If you want to accept debit and credit cards, you sure do. With fewer consumers carrying cash, failing to take card transactions is impossible in this day and age. Whether you’re running a small business, an e-commerce business, or a larger business, you’ll have to open a merchant services account. Here’s a quick run-down of the preparation and application process.
Step one: Figure out what you want from an account provider
It’s a good idea to decide what you need from a merchant services provider ahead of time. First off, you should try to estimate how many of your transactions will be made with credit cards. You should also determine how you’ll accept payments; your decision will depend on how you conduct business.