Running a small business is not an easy thing to do! In fact, it can be an incredibly complex process filled with an inordinate amount of details and fact checking. That’s why we’ve taken the time to put together a small guide to help new small business owners better understand some of the important decisions they will have to make. Things like what payment methods to accept and how to make that decision a profitable one, for example, are important to know. We’ll also take a look at how you can even get a free online merchant account to help make your online payment processing experience an easy one!
Payment Methods
There are a number of different payment methods out there, and not all of them are created equal. One such payment method is BPAY, which is an internet service that allows businesses to arrange payments clearly and simply, enabling clients to transfer cash straight from their bank account to another business’s pre-identified bank account. If you are a keen investor, you may want to find out how to buy bitcoin with bpay too! You might be tempted to forgo accepting online credit card payments, for example, but this would be a big mistake. Many customers today prefer to simply slide a credit card rather than carry around cash or get something like a money order just to buy a product online. You should probably accept credit card payments, in other words, and you’ll want to find a merchant account service that offers a free online merchant account to do so!
About the Fees
Before you sign up for just any merchant account service, remember that you will be paying a transaction fee on every credit card payment you receive. This can lead to some frustration, especially if you settle for a service with fees that are simply too high. Instead, find a service with the lowest credit card processing fees you can find. That will help you maintain a cost-effective business.
For a merchant account service that understands how to help you succeed and even offers a free online merchant account, give Merchant Account Solutions a look today!