5 Things To Think About Before You Choose What Merchant Services You Take

category: News posted: October 25, 2016
5 Things To Think About Before You Choose What Merchant Services You Take

Every business will have its own unique needs, and the truth is that no two businesses are alike in that sense. What may make one company successful may be a terrible choice for another. That being said, every company will need merchant services if they want to grow into a major player in their field. Are you unsure of what your company needs? Here are some things to think about before you pick up the phone.

  1. You need to figure out what payment methods you want to accept. This can be tricky for some companies. At the very least, you need all major credit cards and debit cards to work. You might also want to look into Apple Pay, Google Wallet, or even Samsung Pay, depending on your target market. What has been working for your competitors? You may want to take a cue from them.
  2. You will need to figure out if you want e-commerce for your store. E-commerce has been shown to greatly improve sales, especially in major metropolitan areas. If you want to stand out, e-commerce may be a smart move. However, not all companies can use this option. If you're not sure, it may be time to ask someone for advice.
  3. You will need to figure out whether or not you will want to look for alternative business financing. Generally speaking, it's always a good idea to look for a merchant services provider that also allows business funding to happen through them. It's convenient, and it's always there if you need it.
  4. You will need to figure out your budget for a POS terminal. If you aren't sure what you can afford, take a look at your monthly budget.
  5. You may also need to figure out what kind of terminal would work best for your company. A good terminal can revolutionize the way you do business - even behind the scenes. Stationary terminals are great if you want to use loads of apps and print out custom receipts. On the other hand, businesses that are prone to traveling may just want to stick to a mobile terminal. After all, you do have to take your own business style into account.

If you aren't sure what you need, call Red Payments - we'll always be happy to help.