The Far-Reaching and Multi-Faceted Benefits of Merchant Services

It goes without saying that when you run your own business, you will do just about anything in your power to make sure it succeeds. Many people dream their entire lives about how they would operate their own company if given the chance. Should you be one of those individuals lucky enough to make that dream a reality, you know you are willing to work night and day to make your business the best it can be.Business owners are constantly looking for ways to cut costs, improve their productivity, and serve their customers to the very best of their ability. But you can’t always do it all alone. By signing up for a merchant services account, you will have access to a world of business services that you may not even have known existed. Here are a few ways that an account provider can help to round out businesses of any size.Expedited Check AcceptanceHandling personal checks has been a hassle for business owners since their invention. For one, you have to wait several days for the bank to clear the check once you have deposited it. Of course, you have to then spend those days in anxious anticipation of whether the check will clear or not. Then, even when everything has gone through, you have a stack of paperwork to deal with and file away.But with a merchant services account, handling checks is easier than ever before. First off, they will guarantee every single check that you accept. You will never have to get that dreaded “insufficient funds” notification ever again. Your account provider will also set you up with software so that you can convert all checks into digital files. This means the bank can process them more quickly, you get the money faster, and all of your records will be electronic.Never again will you have to turn away a paying customer if they want to use a check for their purchase. With a merchant services account at your back, you can accept just about any form of payment.Credit and Debit Card ProcessingDebit and credit cards aren’t going away any time soon. In fact, with each passing year, more and more people expect to be able to pay with plastic wherever they go. And who can blame them? It is a whole lot safer and more convenient to carry around a few cards than a wad of cash.There are many different ways that an account provider can help you process debit and credit cards. Here are a few. Take a moment to think about what is the right choice for your business.Retail Swipe Terminals – If you operate a “bricks and mortar” business, you will probably need a traditional swipe terminal to install at your counter or register. These are the machines that simply allow your customer to swipe their card and then transfer the information directly to your account provider.Talk to your merchant account representative about the different types of terminals they offer. You can get ones that print out a receipt to sign or that ask the customer to sign the screen. Others have keypads for debit PINs and some require no signature or PIN at all.Online Payments- If you are smart and savvy enough to bring your business online, then you’d better look into accepting online payments as well. Most of the people who make purchases over the Internet pay with their credit card, and that number will grow as the years wear on.Your account provider will use fraud detection software and PCI-compliant data storage centers in order to keep you and your customers’ information safe from cyber criminals. Everyone can feel confident with their transaction when a reputable merchant account is handling it.Virtual Terminals – Of course, online and in person aren’t the only ways people expect to be able to pay with their card. They may want to call in an order or even fax you their credit card information.With a virtual terminal you can log onto a secure website from any computer and just punch that information right in. Your provider will process the information just the same as if you had the card right in your hand.Wireless Terminals – The beauty of a wireless terminal is quite simple. They allow you to take your ability to process credit and debit cards anywhere you need to go.These fantastic machines are perfect for delivery drivers, traveling circuses, door-to-door salespeople, and anyone else who may want to accept plastic outside of a traditional storefront. There is no limit to where this machine can take you.These are just a few of the many ways that merchant services can help your business to prosper. You may also want to talk to your provider about things like gift card acceptance, loyalty programs, escrow services, and much, much more. The sky is the limit when you team up with a merchant services account