Accept Credit Cards Online – At this age where people above a certain basic level of income cannot survive without plastic power this is probably the most asked question when you run a business especially if you have just started up.
The more and more people use the web and the digital facility, the more relevant this question is becoming.
Now the Internet is a huge market place which provides unlimited 24/7 access to shopping and lets an individual or a group sell any product starting from a toothpick to a complicated gadget without any boundaries or limitations of time or space.
When the whole world is your market it is imperative that you should be able to offer any mode of payment and accept credit card payments in particular.
Why do businesses need to accept credit cards?
When you operate in the online space the most convenient way to accept or disburse payments is through credit cards.
The moment you decide to opt for an online business the first thing that you would need to do is to ensure that you are equipped with the facility of online payments using credit cards.
This is to also ensure that a customer who visits you will not need to stop his shopping spree just because you do not take a credit card.
Out of 100 customers who visit your website more than 80 just happen to get there by chance.
They would have visited your website after navigating from a link out of personal choice because your advertisement or promotional package interested them.
Why is it important to accept business credit cards?
In order to sustain this interest it is imperative that you offer them the freedom of paying by cash or cheque or credit card.
It would be good to remember that the major chunk of your sales happen by means of precisely such customers who make a top of the mind or spur of the moment purchase and hence it is important to retain such customers and get them back if it is possible.
How can businesses accept credit cards online?
Do small business accept credit card payments?
- Bank Credit Card Merchant Account
In order to accept payments made by credit cards it is mandatory that you have a merchant account. In most cases you can just offer the relevant documents to your bank which would be a good record of business credit and proof that you actually own a business to get a merchant account.
- Credit Card Payment Processing Companies
Should you find that a difficult prospect you can also approach a third party credit card payment processing service who will open such an account and manage credit card transactions on your behalf.