Is It Possible to Accept Credit Cards Online for Free?
Any business with high volume payment processing knows the importance of their relationship with online payment processors and the value of their internet merchant services. If it were possible to accept credit cards online for free, it would be a dream come true.
The truth, however, is that no business can accept credit cards for free. In order to make use of merchant services and process customers’ payments securely, someone must be paid a transaction fee. This means that businesses that make use of these services need to be prepared for fees. However, they can also learn how to keep those fees as low as possible.
Choosing an internet merchant services provider with lower purchase fees could be a huge benefit to a company’s financial position. Even though no business can accept credit cards online for free, it is possible to learn what businesses can do to improve their position.
Payment variety
Customers want to pay using the method they prefer, not the method the business prefers. And if a customer wants to pay you, then for goodness sake, let them do it! An internet merchant account service can offer a business many different methods of payment processing, which means that no customers need to be turned away because they can’t pay the way they want to. These include ACH transfers, credit cards, debit cards, and eChecks.
While shopping around for the lowest price is always a good idea, the best thing a business can do is to make sure their merchant account provider offers low price assurance. This means that the business can be confident that they are getting the best deal, and that if they find a better offer, the merchant account provider will match it.
The Takeaway
Businesses cannot accept credit cards online for free. However, to mitigate transaction fees, they can offer their customers diverse payment options through their internet merchant account services.
Visit Charge.com or call (888) 924-2743 to view information on internet merchant account services and products. They can provide customers with price assurance, as well as with diverse payment options to mitigate transaction fees as much as possible.
