There are lot of credit card processing companies to choose. How to know which company is good ? Are they reliable ? Are they affordable ? Before choosing a company do a good home work to determine which one has the features you need. Internet is really great tool that that helps you in finding the best company to choose.
Though reliability and trust is important you should concentrate about the start up costs. Some companies do not charge any thing at the start up, while other companies charge few dollars as start up fee. You must choose a company that is both affordable and worth the cost.
Most of the credit card processing companies charge several types of monthly fees. For example, a gateway fee this could cost you as little as $10 per month and all the way up to $50 or more per month. This depends on the company that you choose. You might have statement fee as well charged to each month. Most of the companies they cost around $9 to $10 per month. You have to consider monthly minimums this will vary from company to company but most part this minimums runs between $20 to $30 per month.
Some features to look for :
Payment Gateway:
1. Virtual Terminal
2. Merchant Account
3. How many days the payments clear
4. e-Check services
5. Point of Sale Swipe
6. Recurring Billing
7. Shopping Cart
Some features you will definitely want from any company includes:
1. Fraud Protection
2. CVV2 Acceptance
3. Real Time Processing
4. Address Verification
5. SSL
You need to consider what credit cards you wish to accept and if the credit card processing company supports those credit cards.
The most commonly accepted credit cards are:
1. Discover
2. Visa
3. American Express
4. MasterCard
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