bharatbhasha.com
Free Articles  >>  Business And Finance >>  Page 951  >> 

Why Finding The Right Merchant Services Provider Matters







Small businesses who want to succeed have to give their customers what they want. The popularity of writing checks and carrying cash continues to decline which means customers want payment options like debit,credit and even gift card. To have this ability,most businesses need a merchant services provider but how do you know if you need one? Below are some scenarios in which good transaction processing can improve your business.

#1 - You lack the ability to accept online payments. Statistics show that over 70 percent of consumers shop online. If your business is unable to accept online payments, you're alienating a large percent of consumers and as the volume of online sales increases, so will the number of consumers out of your reach.

#2- You lack the ability to accept credit or debit cards at your brick and mortar store. Debit and credit cards have overcome cash and checks as preferred payment methods. If your store doesn't accept plastic, you're inconveniencing customers and since the average purchase amount per transaction is more when a customer pays with a credit card, you are missing out on a great opportunity to increase your sales. Also accepting plastic payment methods, takes the hassle out of collecting payments. With a card purchase, money will be directed from your merchant services provider to your business's bank account in 2 business days.

#3- Your competitors are stealing your business. If your business doesn't accept credit cards or have an online purchase method set up, consider this - your competitors do. You may be driving your customers straight to your competitor's business.

#4 - Your current payment methods leave you vulnerable to theft and fraud. Since cash payments can easily be stolen and checks can be returned marked insufficient funds, not accepting credit, debit and gift cards leaves your business vulnerable to both theft and fraud.

#5 - Your reputation is suffering. Studies show that consumers rank businesses that accept credit cards as more legitimate than those that don't. Customers simply feel safer buying products from companies that accept credit cards. That's right. Simply displaying a Visa/MasterCard/Discover logo at your checkout makes customer's trust your business more.

#6 - You don't accept gift cards. Accepting gift cards increases sales volume and your business's profit and if your business begins putting product returns on gift cards instead of giving cash back, you can even reduce shoplifting.

If you find yourself in any of these six situations, then you could benefit from partnering with a merchant services provider. Partnering with the right merchant services provider will enhance your customer's shopping experience while increasing your sales, profit and reputation. It's a win for both your business and its customers.


About Author Nathan Randel :

Trinity Merchant Group started with a simple concept; deliver more than is expected .With Trinity, not only are you processing your credit and debit card payments with one of the best processors in the industry, but our check guarantee program, online reporting, e-commerce gateway, gift cards, equipment leasing, as well as ACH and EBT processing. We can be found at <a href="http://www.trinitymerchantgroup.com" target="_blank">http://www.trinitymerchantgroup.com</a>
##lt
gt####lt
gt##


Article Source: https://www.bharatbhasha.com
Article Url: https://www.bharatbhasha.com/finance-and-business.php/410928


Article Added on Sunday, April 28, 2013
LD
Other Articles by Nathan Randel

Succeeding In Business With The Help Of Your Merchant Services Provider
Many business owners are in the process of analyzing their business to see where they can cut costs and save money. One area that many business owners focus on is their merchant account. Searching for a new merchant services provider can be a confusing process for a business owner looking to save money on their merchant account. When searching for a merchant services provider, a savvy business owner should run each company through several questions to ensure their business will be best...

Payment Processing The Most Common Objections and How to Move Past Them
Payment processing providers hear the same objections to partnering with a merchant services provider over and over again. It's too expensive. It's unnecessary. It's confusing. Whatever a small business owner's objections may be, the truth is if you don't have a payment processing plan set up, you are missing out on sales and revenue. Below are some of the most common objections to partnering with a merchant services provider and suggestions on ways to work around them. #1 - It's too...

Keep Customers Coming Back With Good Transaction Processing
Efficient transaction processing is an excellent way to retain customers, especially ones who want a straightforward payment system. But how do you know if your merchant services provider is giving your business the tools it needs to succeed? First, if your business is not offering both credit and debit card processing, you may be missing out on expanding your customer base. Customers both in-store and online prefer to use debit and credit cards rather than cash and checks because they are...

Increase Your Business By Switching Merchant Services Providers
Merchant services and credit card processing is something all business owners have incorporated into their retail business models. With so many customers preferring to use credit or debit cards for purchases rather than paying cash or check, businesses that want to draw new customers and keep them returning have started accepting credit cards online. To do that, they typically sign up with their current merchant services provider. But the merchant services provider you first chose for your...

The Importance of Secure Transaction Processing
Transaction processing is arguably the most important service a business provides to it's customers. As it involves sensitive financial information,customers have to know they are safe each and every time they purchase something from you. This is no easy task if the business owner isn't making sure they are using the most up to date security measure available where transaction processing is concerned. Unfortunately criminals are out there and they make a great deal of money by accessing...

Understanding Credit Card Processing
Having the right credit card processing in place is crucial to increasing your business's sales, profits and reputation. But how exactly does credit card processing work? Where does the merchant service provider come in? What about the credit card issuer? What role do they play? It's actually pretty simple. To begin credit card processing, you must first hire a merchant services provider. The merchant services provider will set up a transaction processing plan that will work for your...

Why Credit Card Processing Matters Year Round
Credit card processing played a crucial role in the record profits a number of businesses saw during the holiday season. Though the holidays are safely behind us,the need for a high quality merchant services provider has not gone away. Many business owners find that their business suffers during the post-holiday haze because customers are trying to recover from overspending and in many parts of the country, they are less inclined to brave the cold to visit brick-and-mortar stores. So the...

Merchant Services Why Your Business Needs Them
Merchant services are crucial to running a successful business. Unfortunately, many small business owners still consider merchant services an expensive rather than an investment. Below are four ways merchant services pay for themselves. #1 - Increased sales. Businesses who accept credit cards at their physical location and/or at their online stores see an increase in sales volume. Customers simply purchase more items when paying with plastic cards rather than cash. #2 - Increased revenue....

Payment Processing Common Problems and Easy Solutions
Setting up a payment processing plan may seem overwhelming at first. Since every business is unique, there is no one-size-fits-all plan. Fortunately however, many common processing problems are easily solved. Below are four common problems and ways to resolve them. Problem #1 - Most of my business is done away from my physical location. Thanks to recent innovations in technology, you can now accept payments securely from virtually anywhere. If you own a mobile business, you can now process...

Accept Credit Cards with Online Processing
To accept credit cards is a necessity for any business today. With e-commerce moving seemingly at.the speed of light, it is necessary for smart businesses to utilize more robust online credit card processing to ensure the speed and accuracy of transactions. And not just any online credit card processing service will do. For the sake of customer service and a solid bottom line, businesses must do the necessary research to ensure their provider is giving the kind of service they need so they...

Click here to see More Articles by Nathan Randel
Publishers / Webmasters
Article ID: 410928
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:


210 Users Online!!
Related Articles:
Latest Articles:
 
Business And Finance >> Top 50 Articles on Business And Finance
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts
Aging


Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of bharatbhasha.com and/or its owners.


Copyright AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Personal eMail Provided By AwareIndia







Company IDS