How Does Credit Card Processing Work?
The way credit card processing companies make money for themselves can sometimes be a confusing labyrinth where fees are hidden, percentages are tied to things not listed on statements and the deal you think you are getting isn’t the best deal you can actually get. Host Merchant Services is dedicated to giving its merchants the lowest price guaranteed, and the company strives to maintain transparency with no hidden fees. So take a walk with us and see behind the curtain as you learn exactly where the money is being made when you swipe a customer’s credit card.
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Small businesses have to make a decision about to whom they are going to extend credit. Are they going to extend credit only to those who pay in cash and checks? This may make their payment processing easy, but it will severely limit their customer base. If they choose to extend credit to their customers, it is a little more complicated, but it will expand their reach into the marketplace and the customer base. Most small businesses eventually make the transition to offering credit card (and debit card) processing services.
What is required?
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Why choose Brad Franzen for your merchant services?
Brad Franzen acknowledges that the world is moving further away from paper and is going towards mobile and electronic. Businesses that are keen on maintaining the traditional cash-only policies will not only fall behind their competition, but will also fail to meet their customers’ expectations. By choosing Brad Franzen for your credit card processing provider, you have the guarantee that:
You will get an user-friendly card payment processing solution
Our systems meet the highest standards for payment security
Our solutions are PCI SSD compliant and protect customer sensitive data
You can reduce labor costs and time thanks to our integrated payment with accounting solutions
You will have a simple and efficient tool to help you with business resource planning
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Credt Card Processing
- Too often, what is considered a qualified credit card purchase is left up to the discretion of merchant account providers, Brad Franzen said. For instance, some providers might only consider a debit card transaction that requires a PIN to be qualified purchases. Those purchases would cost less, but all others – the majority – would cost more.
- Providing credit card security is critical to protect your customers and your business. Our payment solutions meet modern Payment Card Industry (PCI) data security standards, and we can help ensure you follow all the proper security measures as a proactive organization – without a major investment.