Merchant Accounts and Why My Business Needs One
With so many online businesses and so many electronic transactions, including credit and debit card transactions at the brick-and-mortar stores, merchant credit card processing services are a necessity anymore. Strictly cash-and-check businesses have mostly gone the way of the horse and carriage.
A quick internet search will discover merchant services in abundance, either with a bank or with a payment processor. There are several reasons to choose a payment processor over a bank merchant account.
In a bank merchant account, the business may be responsible for all aspects of the merchant credit card processing services, including setting the gateway to accept electronic payments. There may be multi-year contracts to sign and some types of businesses may not be approved. If a business or its owner has had credit issues, that may be a stumbling block.
If a business has a small number of transactions per month, or the owner or manager is technically not very savvy, or is unable to get a bank merchant account – these and others are reasons to use a payment processor for their merchant account.
A payment processor will handle everything a business needs to process electronic transactions. Typically, a payment processor does not perform a credit check, they will accept a high-risk business without additional fees, and you can use them on a month-to-month basis.
An important consideration when deciding between merchant credit card processing services is how they handle security. It is very important to discover merchant services that have extensive anti-fraud controls in place.
Customer service and technical support are also extremely important aspects of a merchant credit card processing service. A business does not have time to wait for a 24-hour response from their payment processor when their terminal is down.
More considerations when comparing merchant credit card processing services are the fees involved. What are the set up fees? What are the per transaction fees, if any? What are the discount rates? What are the monthly fees? Are there a minimum number of transactions required?
Total Merchant Services of Wisconsin provides the best of both worlds. You will be set up with a merchant account, complete with gateway, and be able to start processing electronic payments. Approval normally takes just minutes and the entire process usually completes within a matter of days. Total Merchant Services of Wisconsin (TMSofWI) also works with those who have credit issues, so this need not be a deal-breaker for someone needing to set up a merchant account. TMSofWI approves over 99% of businesses who apply!
TMSofWI provides merchant credit card processing services for internet, mail order and telephone businesses, as well as retail storefronts, restaurants and hotels. TMSofWI also has wireless authorization, so that if a business is off location, such as at a fair, they can still accept electronic payments. Therefore, with TMSofWI, a business need not lose off-site sales because they can accept electronic payments off-site.
TMSofWI provides 24/7 customer service and support so their customers can get help with support issues any hour of the day or night.
So if you are looking for a top-notch payment processor, visit their website at www.tmsofwi.com and get started on accepting those electronic payments!
TMSofWI: Offers merchant credit card processing services. Our merchant services offer 99.9% approval rate! Fill out our merchant account application in minutes for a new merchant account or discover merchant services today. We also offer authorize net merchant account and the best merchant accounts available today.
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