When you are starting up a small business, you will most likely need to accept credit cards payments. Today’s consumers use plastic. Very few people still carry cash. However, you need to take your time and choose the right merchant services for your small business. With that being said, let us share some of the two questions you should ask credit card processing companies before you make your final decision.
Is There an Early Termination or Cancelation Fee?
Of course, you want a merchant services provider that doesn’t charge for early termination or cancellation fees. However, in case you cant find one, you shouldn’t have to pay over $400 to cancel your contract. If a company wants more than that, then you need to keep searching for another provider.
What Fees Are Charged Besides Transaction Fees?
Most merchant services charge monthly fees, compliance fees and other fees on top of the fee they get for each transaction. You want to know about each of these fees and how much they are going to cost your business before you sign a contract. You also want a company that is transparent about their fees.
These are just a two questions you might want to ask your merchant service provider. Accepting credit cards is a great idea for your business, just make sure you get a credit card processing company that is reliable and trust worthy. If you are looking for a trustworthy payment processor, contact the professionals at My Payment Solutions USA today.