Merchant services can be characterized as a broad array of financial services that a business can use. Merchant services usually refer to merchant processing services that allow for accepting a transaction payment through a secure (encrypted) channel using the customer’s credit card or debit card or near-field communication (NFC)/radio-frequency identification (RFID) enabled device.
Getting a Merchant Account
To accept credit/debit card payments, you should have a merchant account. You can turn to a reputable payment processor like emerchantbroker.com (EMB) to get a merchant account tailored to your business wants and needs.
Thanks to merchant services, you can not only process your credit/debit card payment transactions but also enjoy more financially-related services. Moreover, merchant services can also offer small business funding solutions like merchant cash advances. With EMB, you can get small business funding, including a merchant cash advance, to start and grow your business.
What features the best merchant services should possess?
- Mobile Payments
According to Statista, an online statistics, market research and business intelligence portal, the transaction value of mobile payments is projected to have an annual growth rate of 78% from 2016 to 2020.
Google is now focused on rewarding mobile-optimized websites. Businesses are incorporating sales and payment solutions within the mobile platform. Your merchant account should be able to process such payments.
- Fast and Efficient Payment Processing
Its’ important to secure sales in a faster and more efficient way so that not to make customers choose your competitor.
- Ultimate Security
Your business should meet the latest standards to ensure safety and security of payment processing. Know the latest advancements in the field and find out if your merchant services provider can provide an upgrade.
- Flexibility
Small business owners shouldn’t load up their systems with unusable features. For this, try to find a merchant services provider that can easily offer you only the features that you need, thus helping you avoid from paying for extra services.
- Top Customer Support
It’s important that a merchant services provider offers strong and knowledgeable customer service support whenever you need it. In case a problem arises from payment processing, it must be solved in real time. That’s why your merchant services provider should offer continued support and help you deal with your issue immediately.
The best merchant services plan ahead and provide choices that bring value to businesses. Simple, streamlined processes that are on the cutting edge of technology can help you process payment transactions without difficulty.
