This January Forbes ran an article about various merchant services for small business.
They list them as:
1. Credit Cards
2. Pin or Signature Debit Card Acceptance
3. eCommerce
4. Gift/Loyalty Cards
5. Mobile Processing
Here are the highlights:
1. Credit Cards – Accepting credit cards increases your sales. If you are in retail, all you need is simple retail merchant equipment.
2. Pin or Signature Debit Card Acceptance – Accepting debit cards is a must for any business. Doing this allows people without credit cards or people who prefer to use automatic debit cards to pay your directly. You just need a pin pad that plugs into just about any merchant equipment to do this. Or you can get all in one merchant equipment terminals to do this.
3. eCommerce – to accept payments online you need a merchant gateway, merchant account and a shopping cart. There are many simple and easy to setup ecommerce merchant services solutions.
4. Gift/Loyalty Cards – Gift cards and loyalty cards have a dual function. First, they increase the amount of money your business takes in. Second, they act as a marketing tool that will promote your business. Both are a great idea and can be integrated into just about any merchant services solution.
5. Mobile Processing – Wireless merchant services solutions offer you the ability to take payments anywhere at any time through a mobile device such as a smart phone like an iPad, iPhone, or Droid.
To see the full article from Forbes about merchant services solutions go here.
