Connect with us


What Every Small Business Needs to Know about Accepting Credit Card Payments

In today’s plastic driven world, there’s a good chance you understand the importance of your business accepting credit cards. In fact, most people prefer the convenience of credit and debit cards over cash. As a small business owner, there are somethings you need to understand before you start accepting this form of payment. Whether it’s the different methods you can use or how to keep customer transactions secure, accepting credit cards is more than simply swiping a card.
credit cards2

How Can Credit Cards Be Accepted?

There are a number of different ways small businesses can accept credit cards. Most businesses used a wired point of sale system in which the employee or customer swipes their card. The system is hooked up to the cash register and processed through a merchant account. Similar to the wired system is the wireless system that allows the business to use the system anywhere within the business location. Mobile POS systems are becoming increasingly popular as they allow business owners to accept payments from anywhere. It doesn’t matter if you have a food truck that’s in a different location each day or make sales going door to door, you can accept payments. Lastly, is the online card processing form which allows customers to enter their information when making an online purchase.

What Are the Rates and Fees?

The exact rate and fees you pay will depend on the type of system you use as well as the company that offers the system. For example, those that use mobile POS systems may only be charged a percentage of the transaction, such as 2.75%. On the other hand, a wired POS system may require a flat fee in addition to a percentage of the sale. This is why it pays for small businesses to fully research their options before choosing a POS credit card processing system.

How Can Businesses Offer Security?

Security is of utmost importance. Being careless with customer financial information could result in a lawsuit. The first thing you need to do is make sure that the network you use for the transactions is secure. You also need to limit the number of employees that have access to card information. Lastly, test your system regularly to make sure there aren’t any weaknesses.
Accepting credit cards is essential for competing in today’s market. It doesn’t matter if you sell ice cream from a truck or own a large bookstore, you need to accept credit and debit cards in order to be successful. The good news is there are many options, including companies like, with varying rates and fees so that almost any small business can implement a method for accepting credit cards.

Recent Posts

Business4 weeks ago

Your Basic Guide To Creating A Unique Investment Blog

Starting your own blog is great and once you get the ball rolling, it can be a good passive income...

Business1 month ago

3 Low-Risk Ways To Get Your New Business Started

Once you’ve got an initial business idea and believe that it will be a success, there are some basic things...

Lifestyle1 month ago

Conquering the Co-free Zone: Tips for Thriving as a Remote Worker

Adjusting to an office environment can come with its downfalls in the sense that it might be a shock to...

General2 months ago

3 Ways To Take Control Of Your Finances Starting Now

If your finances have taken over and are bringing stress to your life, we understand just how overwhelming it can...

Travel4 months ago

Best Places To Visit In The North Of England

If you live in England, you will know there are many different places to visit for the weekend. There are...

General4 months ago

Green Home Improvement Ideas

In a world where environmental concerns are growing, the concept of “green” has gone beyond a trendy catchphrase and is...

Lifestyle5 months ago

How to Host an Unforgettable House-Warming!

The time has finally come. You have moved into your dream pad, and are officially adulting in your very own...

Autos5 months ago

A Guide to Parking Lot Striping

The journey to a well-striped parking lot begins with the right paint. In this brief guide, we’ll unravel the mystery...

Business7 months ago

Business Tips For Protecting Your Finances During A Recession

In 2023, taking the necessary steps to protect your finances for your business is now more important than ever. The...

Lifestyle8 months ago

Tips For Cleaning Your Trainers

If you’re into your trainers and streetwear, you’re likely to be very conscious of keeping them looking their best! So,...

Marketing8 months ago

Branding Trends For Start-Ups in 2023

Branding is incredibly important as it impacts how your business reaches and connects with its target market. If you’re branding...

Business8 months ago

Avoiding the Wrong Kind of Growth

Growth is vital for any business – some models, like tech start-ups, are built around periods of dramatic, explosive growth...

Business9 months ago

How To Become A Property Developer

There are several reasons why an individual will want to become a property developer. One of the main reasons for...

Tech11 months ago

What Is The Difference Between Cyber Attacks and Cyber Threats?

If you own a business that uses the cloud to manage workloads, you have probably heard of the terms cyberattack...

Marketing11 months ago

3 Types of Marketing Every Small Construction Business Should Do

Construction is a very saturated sector, whether you’re a large or small construction company, so marketing should be at the...