If you take the time to select the proper provider, setting up an online payment system for your business isn’t complicated. ; Like any business owner, you want to be able to accept credit card payments online from clients and customers. ; However, there are many payment-processing vendors to choose from, ranging from small startups to large, well-known corporations. Each offers a unique set of features and different fee structures.
According to recent research from Capital One , over 80% of shoppers prefer to use cards over cash. In other words, if you're a small business owner, you could miss out on sales by not accepting credit cards. Yet credit card companies and processors make money in part by charging fees to merchants, so it’s important to compare your payment gateway options. Whether you do business online, in person, or both, here's how to accept credit cards as a small business. ...
, Monthly Processing Fees, Per-Transaction Processing Fee, Hardware Fee ; Helcim Card Reader, None, 1.93% + $0.08-$2.49% + $0.25, $99 ; Square Reader, None, 2.6% plus $0.10-3.5% + $0.15, The first mobile credit card magstripe reader is free ; Terminal, $0-$30+ per month, 2.29% + $0.09-3.49% + $0.49, $199
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The ability to accept credit card payments offers numerous benefits to small businesses. Once you set up a payment system, you can accept funds in-person and online.
Learn how to accept credit cards and other payments in store and online. Explore benefits & ways to accept American Express payments at your business.
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Want to start accepting credit card payments at your small business? Learn how to take payments in-store, online, or on the go.