Small business merchant account enables your business to accept credit cards. Give your customers more payment options.
Small business merchant account processing gives your customers the flexibility to pay for items with a credit card or debit card. With a small business merchant account you can accept credit cards in person, over the phone, or online. All businesses should consider accepting credit cards if they aren’t already.
A quality small business merchant account will accept MasterCard, VISA, American Express, and Discover cards. This increases your sales potential, as it allows you to reach more customers. You receive the money from the transactions in your business checking account within two-thee business days. Money earned that day can be sent to your business checking account. The monthly statements at the end of month make tracking sales volume and deposits into your account easier. The credit card terminals or software for processing payments can be purchased outright or leased.
With a small business merchant account you can also open up future capital opportunities for your business that would require no specific loan applications. You can participate in what is called factoring where you can obtain advances based on your credit card receipts from month to month. This enables your business to have access to fast cash that can be used for pressing needs. Increasing the flexibility and buying power for your business is what factoring is all about.
There are many advantages to a small business merchant account. For additional sources of business financing you can browse our free business capital search engine.