How Does One Choose A Card Solution Catered To Their Business?

As a new or aspiring business owner, one of the first important decisions you’ll have to make is how you plan to process customer payments. Lemonade stands function great with cash, but these days, you’re going to need more than a cash box to turn a profit.

Credit card processing services help small businesses grow by delivering payment options that fit the lifestyle of consumers. The best credit card terminals come with unique features and technologies to ensure a custom fit for every business.

Here’s what you should look for as you decide on a payment processing solution for your business:


Some merchant services credit card machines require connection to either the Internet or a phone line to communicate with an acceptor. Phone links tend to be slower and less reliable than Internet connections, which may sway your decision from one device or service to another.

Conversely, wireless terminals don’t need any special hookups at all. Wireless payment processing is convenient, but it can also be unreliable if you’re ever out of reach of a radio tower.


Price will be a very important factor that determines where to seek card solutions. If you’re a new business owner, you may want to avoid signing a lengthy contract. Not all processors, however, require a contract to start.

Other factors that impact price include startup fees, equipment costs, software implementation, plus, the interchange rate for various card services.


Finally, security is an important factor that will be of utmost importance to your clients. As you review different service providers, be sure to inquire about their PCI DSS compliance, assistance, and integration.

Any business, regardless of its size, must practice payment processing within the regulations set forth by the Payment Card Industry (PCI) Security Standard’s Council.  Merchant services should be able to provide you with transparent information about how they implement these regulations. Moreover, the easier it is to apply the standards to your business, the better!

These three points are a great place to start as you begin your research on payment solutions.