When you accept credit card payments for business, you open a huge door of opportunity and savings, no matter what industry you serve. There is no such thing as a company too small or a service too obscure to accept credit card payments. Nowadays, as consumers rely on their credit and debit cards for everyday purchases and carry less cash in their wallets, the need for accepting credit cards safely and efficiently has increased tremendously.
Merchants who accept credit cards for business should use the utmost care when handling customers’ money and purchases. Not only do you want to keep your customers satisfied, you also want to avoid hefty fines and devastating loss that can occur should there be any dispute over a transaction. Chargebacks involve a card holder disputing a charge made to his or her credit card. Merchants can lose the sale in addition to paying chargeback fines. Read on to learn more about chargebacks, including common reasons for chargebacks and how to prevent them.
New to the world of credit card processing? It may seem like a complex process, but really, the ability to accept credit cards for your business is simple and extremely beneficial. Credit card merchants can enjoy increased sales, streamlined payments, advanced security technology and much more. Below, we’ll give you the basics on how credit card processing works, in 8 simple steps:
Whether you sell handmade jewelry online or run a chain of restaurants, your business’ growth relies heavily on the satisfaction and return business of your customers. Keeping your customers happy is what keeps them coming back and recommending your business to others. New customers become repeat customers, and repeat customers become loyal customers. All the while, your business enjoys increased sales and growth. At the heart of this growth is quality customer service – giving your customers the attention, quick response, special treatment and flexibility that they expect.
Don’t get confused about convenience fees. As a merchant with a business accepting credit cards, it is your responsibility to understand who can and who can’t assess a convenience fee, and be sure to understand the don’ts. Read on to learn more.
As of July 1, 2010, the Card Associations will require merchants and retailers everywhere to comply with PCI standards for a more secure payment and credit card processing system. Becoming PCI compliant involves the use of advanced technology and tight security standards to keep customers’ sensitive credit card data safe from credit card fraud and security breaches. Point-to-Point Encryption (P2PE) is at the top of the list when it comes to emerging technologies that protect information and help merchants meet PCI requirements.
The BluePay team recently joined in the Electronic Transactions Association’s (ETA) 20th anniversary celebration by attending the 2010 ETA Annual Meeting and Expo. This year’s expo was held from April 13 to 15 at the Mandalay Bay Resort and Casino in Las Vegas. As recurring attendees at the show, BluePay was able to share and exchange innovative payment processing ideas with industry leaders and to develop new solutions to improve our services and products.
A credit card merchant account can benefit a wide range of businesses in any industry, as many merchant account providers give customers the ability to customize their account to best fit their business’ needs and goals. If you’re still hesitant about starting a credit card merchant account, whether you’re unsure about the associated costs or if you think your business is too small to benefit, below you can find benefits and solutions for three different industries.