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Richard Walls | mapacific

Companies Offer Credit Card Processing Service for Credit Union

May 13th 2015 at 12:25 AM

Some companies offer simple, web-based Credit Card Processing Service for Credit Union
That helps the customer to:

• Easily process transactions from all major credit cards, including Visa Debit in Canada
• Streamline your fundraising processes
• Save time and money

They provide both the payment gateway and the merchant account so your organization can process all major credit cards.Benefits of using them are

• Partnered with leading providers of nonprofit software to support payment processing directly from your donor database or online fundraising system
• Real time processing
• Eliminate manual data-entry
• Process in multiple international currencies
• Simple, web-based reports
• Dedicated customer service support
• Quick setup
• Your organization’s details appear on donor’s credit card statement
• Avoid hidden bank and credit card fees

When you start accepting credit cards in your business, you’ll pay fees for everything from setup and application to processing and customer service. But no two providers charge the same. One vendor may advertise a low rate but charge more for service items. Another may charge for setup and administration but waive their fees on other services. That’s why it’s so important to find the right merchant service provider for your business.
As you look for a provider, remember 

1. Don't be fooled by low pricing. A rock-bottom rate isn't worth unreliable service.

2.  Choosing an integrated payment solution can save you time and money by reducing duplicate data entry and errors.

3. Understand all the fees involved and read the fine print before signing any vendor contract or application.

4. Learn about the different types of processing rates and find out whether the provider charges for terminating your contract.

5. Choose a provider that will work with you to help grow your business.

By learning how to reduce your processing costs, you can get more out of credit card processing without breaking the bank.

• Set up the right merchant account -The first step in accepting credit card payments is to set up your merchant account. To get the best rates and service, choose the account type that’s most appropriate for your type and volume of business. Each account type has its own rate and qualification requirements.

• Credit Card Processing Rates and Fees -Most of your costs will be transaction processing fees. To get the best rate for the way you conduct business, be sure you understand the rates and qualifications around each type of sale.

• Not all cards are created equal -Certain credit cards cost more to process than others. It's up to you to choose what works best for your business. To help offset the cost of processing more expensive card types, make sure your transactions meet as many of the qualifying requirements as possible.

 

The author is an experienced author who has written many articles on Credit Card Processing Service For Credit Union and Debit Card Processing.


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