Merchant Processing 💳

Mobile Credit Card Processor
Customer Paying For Coffee Using A Portable Credit Card Reader At A Cafe – Photo by Clay Banks on Unsplash

What is Merchant Processing?

Merchant Processing is a fancy term for allowing you to accept credit & debit cards from customers who want to pay you for your products and services.

If you have ever used a credit card terminal to pay for something, a merchant processor was used to coordinate the payment for your purchase from your credit card company to the bank of the business owner.

Processing fees are incurred when using credit cards. Usually, those fees are absorbed by the merchant, but lately, you may have noticed some businesses are passing those fees directly onto the customer.

Some businesses, like gas stations and now many restaurants, offer a cash discount. If you opt to use a credit card instead of cash, there may be a service charge fee added directly to your bill. The service fee, sometimes called a convenience fee, is usually between 3.5% and 4%.

There are fees usually ranging from 2%-5% connected to accepting credit cards. Someone will eventually need to pay the fees, but it’s up to you as the business owner to decide whether you want to have the customer pay for the fee directly, or price it into the cost of what you are selling.

I will cover several popular options for accepting credit card payments at your brick & mortar location, mobile business, and online through your eCommerce website. Knowing your options will help you decide which is your best route. Here is a blog post exploring several ways to accept online payments.

I am a broker for several Merchant Processors. VCCP can handle 99% of all businesses because we have partnerships that can handle traditional and nontraditional businesses ranging from very low-risk to high-risk enterprises.

Our 2 most popular Point of Sale Systems are Quantic and Clover, both of which offer eCommerce Solutions. If you’re looking for a lighter or more agile Merchant Processing System, I have more choices for you to choose from.

If you’re embarking on the exciting world of entrepreneurship, I want to win your business now, so I can grow with you.

If you’re an existing business and you’re looking for a merchant processor with soul, I’m excited to work with you as you pay the fairest fees in the industry, and we raise money together for charity.

I look forward to partnering with you!

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