5 Ways Your Company Can Start Accepting Credit Cards

There are several ways that your company can quickly begin accepting credit cards. No matter how small, new, or well-established your business is, accepting credit and debit cards is essential. Once you begin accepting credit card payments, you can likely boost your sales, increase your cash flow, and improve your customer satisfaction rates. While there are some businesses that have been able to survive operating cash-only, modern consumers expect to be able to use their card payments wherever they shop. If you plan on operating an eCommerce business, accepting credit card and debit payments is potentially your only option. Read on to learn about the essential ways your company can start accepting credit cards.

Retail POS Solutions

Retail POS systems software are one of the most popular ways for modern businesses to begin accepting credit cards. POS, or Point of Sale systems, help business owners to manage workflow, monitor sales, and process transactions. POS systems are powered by advanced software that allows for quicker transaction processing, enhanced security, and advanced functional features. There are several POS systems, devices, and hardware equipment to choose from. To reduce costs, many business owners choose highly-efficient, tablet-powered systems with attached credit card processors, and cash drawers. Advanced retail Point of Sale solutions are one of the easiest ways for modern businesses to begin accepting credit cards.

Virtual Payment Terminals

Virtual payment terminals are an incredibly modern, secure, and efficient solution for businesses to begin accepting credit cards. Digital terminals act as secure credit card processing systems to process eCommerce or over-the-phone transactions. With virtual terminals properly configured, your business can quickly begin processing debit cards, credit cards, and electronic checks. These payment terminals process digital transactions through a secure, compliant application. Virtual terminals are extremely secure and well-monitored to prevent eCommerce retail fraud across your business. To begin accepting credit card payments for your eCommerce business, consider integrating sophisticated, virtual payment terminals.

Digital Shopping Carts

Many businesses are turning to online shopping carts in order to begin accepting credit cards. Digital shopping carts are most effective for eCommerce businesses and online operations. Payment processing software allows eCommerce shoppers to add their selected products to a virtualized shopping cart. Once all your products are added, shopping carts collect your shipping and credit card information in order to digitally process the transaction. Shopping cart options help customers visualize their purchase, confirm the quantities, and securely process transactions. The online payment processing solutions utilize extremely secure gateways to prevent eCommerce retail fraud for your online business. To begin processing digital transactions, install digital shopping cart software to ensure secure, fast, and simple payment processing.

Mobile Payment Processing Terminals

Mobile payment processing terminals allow modern businesses to begin easily and wirelessly start accepting credit cards. These payment processing terminals allow you to easily process chip, swipe, or mobile phone transactions. Wireless processing terminals are extremely durable, lightweight, and compact. With these solutions properly equipped, you can process transactions face-to-face, bring payment processing units directly to customers, and collect electronic signatures. To start accepting credit cards for your small business, install wireless, mobile payment processing terminals.

EMV Credit Card Readers

Europay, Mastercard, and Visa, or EMV processing terminals are one of the most traditional ways for businesses to begin accepting credit cards. EMV processors can process credit card transactions from major issuers like Visa, UnionPay, Mastercard, American Express, and Discover. These payment processing terminals can easily be used to process, authenticate, and document secure credit card transactions. EMV terminals utilize credit-chip technology that encrypts bank information. With this technology, EMV credit-chip reading terminals are much more secure than traditional MagStripe swipe options. At the same time, the best EMV readers can process transactions using PIN and contactless mobile payment. To begin accepting credit cards in your company, consider purchasing EMV credit card readers.

There are several ways modern companies can begin accepting credit cards. One of the most popular, widely used options is retail POS, or Point of Sale, systems. eCommerce businesses can easily begin accepting digital payments by integrating virtual payment processing terminals or digital shopping cart systems. At the same time, businesses can use mobile payment terminals to begin easily processing credit card transactions wirelessly. Moreover, businesses can use EMV card readers to begin processing chip, PIN, Contactless, and MagStripe credit card payments. Consider the points mentioned above to learn about the essential ways your company can start accepting credit cards.