When you have a great product or service, you want to make sure your customers can make purchases easily and quickly. These days, most customers prefer dealing with credit cards rather than cash or checks, and for online businesses, accepting credit card payments is not only the best choice, but may be the only choice. When considering which credit card processing service to use, business owners will need to consider how easy the service is to use, what fees apply and what the customer service level is, in case issues arise. In addition, business owners will want to pay close attention to how secure the service is, to protect both the business and the customers. There are several great options for credit card processing services for businesses, but the top three to consider are Square, PayPal and Intuit QuickBooks Payments. Keep reading to learn more about these top three credit card processing service options for businesses, so you can choose the one that's right for your business!
Square offers customers a free magstripe reader that is compatible with most mobile equipment, such as tablets or smartphones, so they can collect payments easily and efficiently, even on the go. Plus, fees are relatively low and equipment-related expenses are also low, which means businesses can retain more of their revenue. This is an especially good option for smaller businesses, though larger merchants might prefer a flat-fee setup over per-transaction fees. Overall, this service is quick and simple to setup, easy to use and very secure, and customer service is excellent. Square is compatible with Android and iOS devices, and accepts all major cards, as well as ApplePay. There are no monthly or hidden fees, deposits are available instantly, and customers automatically receive chargeback protection. This is an excellent option for businesses that want to hit the ground running, without the need to set up intricate systems. In most cases, businesses can start accepting payments the same day they receive the magstripe reader.
PayPal offers the security of going though a third party for payments, and paying through PayPal is fast, easy and secure, which is why PayPal has millions of customers. What's more, customers who use PayPal to pay for products or services don't need their own PayPal account. PayPal makes it easy to sign up for a business account, and offers clear pricing with no hidden fees. Those who purchase in the United States, such as through in store purchases, can buy for free. When selling through PayPal, thee is a 2.9% charge, plus 30 cent fee for every transaction. International sales incur an extra 4.4% transaction fee plus a fixed fee based on the kind of currency, and PayPal charges a 2.7% fee for transactions which use one of their card readers. Credit card transactions which are manually entered incur a 3.5% fee plus an extra 15 cent charge. PayPal is a great option for online businesses that want a way to take payments quickly and easily.
Intuit QuickBooks Payments, offers predictable fees, but has another advantage that other credit card processing systems can't offer. As part of a larger, highly-trusted system of financial software, payments can be integrated into the rest of the data the company is collecting, all in real time. Many businesses already have a relationship with QuickBooks, since it is one of the most widely-used and well-known financial software products on the market. Intuit offers payment options for mobile, desktop and point of sale, so it is very flexible. The system not only processes card payments, but fulfills many other functions for the business, including paying employees or contractors, collecting revenue, invoicing, balancing books and so much more. This is truly the best all-in-one for both larger and smaller businesses.
For both large and small businesses, there is a credit card processing service out there that's perfect the overall business needs. Depending on your business needs, Square, PayPal and Intuit QuickBooks Payments all offer exceptional, secure and easy-to-use payment processing options that allow business owners to focus on what really matters - running the business as smoothly and effortlessly as possible, all while providing great service and products to their customers!