How to Select Credit Card Processing Services

Three key questions you should ask a service provider before signing up for a credit card processing account.

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2. Should I rent or purchase a point-of-sale (POS) terminal?

As Whatis.com explains, “A point-of-sale (POS) terminal is a computerized replacement for a cash register. Much more complex than the cash registers of even just a few years ago, the POS system can include the ability to record and track customer orders, process credit and debit cards, connect to other systems in a network, and manage inventory.”

There are a wide range of terminals available, ranging from basic models to sophisticated wireless terminals. While many small businesses lease POS terminals, some merchants prefer to buy their own POS terminals from a vendor. If you are unsure whether to lease or buy, start by leasing and once you have used it for a few months, you can decide whether it’s better to invest in a system or continue leasing.


3. Where can I read credit card processing comparisons‎ and reviews?

Before deciding upon a payment processing vendor, make sure to read customer reviews and legitimate comparisons. It’s a good idea to learn what other merchants, and customers, have to say about a credit card processing provider.Three websites to consider include:

Read payment processing reviews and rate first-hand experiences with providers. But don’t stop at reviews. Make sure your preferred payment processor employs knowledgeable customer service reps that are available 24/7 to help you. An unresponsive customer service team is not an option if by chance you get stuck with a nonfunctional POS terminal during business hours.


It’s important to consider all of the above questions and recommendations before selecting a payment processing service provider. Ensure you have completed thorough research before you sign the dotted line. Doing your homework will help you locate and choose a provider that’s best suited to your business needs.


Jordan Greer is a 28-year-old entrepreneur and former business developer writing on behalf of CreditCardProcessing.com. With an insatiable appetite for the good life, Greer keeps himself current on topics related to technology, gaming and his first love, food. He shares his views in his blog posts hoping to provide valuable information to entrepreneurs like himself who wish to establish a successful business.

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