What to Look for in Third-Party Credit Card Processing Companies

As a business that plans on accepting customers’ payments online, you may wish to research third-party credit card processing companies so that you know what to look for when you’re shopping for a merchant account.

The right third-party credit card processing company can make your business safe and secure for your customers’ payments, but you have to know what to look for in a payment processor to make sure they’re worth the investment.

Choosing a third-party credit card processing company

You need to know what features distinguish the third-party credit card processing companies from one another in order to choose the one that’s the right investment for you. These can include differences in transaction costs, fixed costs, and setup costs, as well as different features that may be included and different transaction limits, volume limits, or permissible types of.

What is a payment gateway?

In order to accept credit cards from your website, you must have a payment gateway. A payment gateway takes the transaction information gathered on the Internet, and communicates it to the traditional banking network used by the credit card industry. When signing with some third-party credit card processing companies, it’s possible that you may have to pay an additional fee for the payment gateway services.

Website features

Even after you’ve set up your merchant account and integrated it with your website, your site may not ready for customers without specific icons and features. An electronic shopping cart, for instance, is a necessity for most online businesses, and it may be included at no extra charge if you choose the right merchant account provider.

Card logos are also an important factor in online businesses. When customers see card logos, they feel confident not only in their payment options but in your brand. The card logos are a symbol of trust. They give off the appearance of a professional and secure online business.

The Takeaway

Optimizing your online store for payments can be difficult, which is why choosing the right third-party credit card processing company is essential. Other features like shopping carts and card logos should not be overlooked in making your store seem trustworthy and efficient to your customers.

Contact Charge.com by visiting the website or calling (888) 924-2743 to learn your options and find the credit card processor that works for you.