Tuesday, June 15, 2010

Credit Card Processing Education



We at "The Hope Process" wanted to talk about choosing the best Processor for you.

1. Be Aware of all Processing Options.
Credit, Debit and EBT are the processing options most
utilized by merchants. Ask for a definition of each one, if you are
not familiar with them.

2. Don’t settle for less than 24/7 Customer and Technical Support.
You should receive 24/7 Customer Service/Technical Support
coverage with a convenient 800 number regardless of your store hours.
Your processor should be available whenever you are.

3. Your Billing Statement must be Simple to Understand.
It should be designed to state the facts and save you
time, not confuse or camouflage costs. Always ask to see an actual
statement and be sure it makes sense to you.

4. Be Sure All Fees and Charges are Included and get the Best Price
Ask about start-up and monthly premiums. Understand how
all fees are determined and get it in writing. It’s your money and
you deserve to pay for only what you have agreed to. Don’t hesitate
to question if you’re getting the best possible rate.

5. Demand Education
In this high tech age, things change rapidly. Make sure
your processor informs you of upgrades and industry changes, like PCI.
Have them explain how these changes may affect your ability to
process transactions.

6. Take Nothing for Granted
Your representative is there to help you. Ask questions,
get answers. Understand your processing relationship.

7. Find Out if Your Processor Supports a Charitable Cause
Ask them do they donate any portion of the profits they
earn from your business to a charity in your name. If they don’t, ask
them why and find one that does. In these economic times, you need to
get all the tax benefits you deserve.


Now that you know little more about credit card processing we encourage you to go over to "The Hope Process" website and take a look around with a little more understanding of how we work 1-800-366-1388

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