![]() It’s important to note that each of these card networks have varying fees and policies, so be sure to consider them when deciding on the credit card types to accept. Visa and Mastercard are standard, but then you also have American Express and Discover. As a business owner, you pay for the convenience of accepting a chosen payment method in order to accommodate the interests of your customers. Credit cards contain their own unique set of rates and interchange fees which can be costly. Understanding what credit card brands to accept is very important for your business and customers. What Types of Credit Card Brands Do You Want to Accept? ![]() ![]() To that end, below are some helpful questions that can surface your business needs. Ironing out your requirements will make it easy to evaluate credit card processing companies and figure out the best option for your biz. One of the first steps to getting started with small business credit card processing is determining your specific needs. If you want to keep up with modern consumers, you need to ensure that you have the systems in place to accommodate their payment needs.ĭoing that starts with evaluating different credit card processing services and selecting the right solution for your business. Needless to say, small business owners that aren’t accepting credit cards are leaving a lot of money on the table. As of 2020, 79% of American consumers had at least one credit card or charge card, and experts are expecting that number to continue to grow. Are you looking to accept credit or debit card payments for your business? While the process may appear difficult, small business credit card processing is easier than it sounds.Ĭredit card usage has been on the rise, and this trend isn’t showing signs of slowing down.
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