Alabama, Alaska, and Arkansas Credit Card Processing
What do Businesses in Alabama Alaska and Arkansas have in common? They have a safe and reliable partner in Quantum Merchant Services when they need to Process Credit Cards.
Most businesses accept credit cards as a form of payment for their goods and services. This allows a customer to make a decision about how they want to pay for purchases. Typically the big three are cash, credit and debit. Cash transactions are simple. Credit and Debit transactions are as simple however for both the merchant and the customer a decision must be made before determining which card to use.
Credit Cards. Credit cards come in many forms from basic cards to rewards cards and corporate cards. To the consumer it only matters which card they use if they are trying to get something back like travel miles or points of some kind . To the Business these types of cards carry higher rates and fees. The business owner would much rather accept a debit card as it costs hi less to accept this and hence he makes a better profit on the products or services sold.
If you look at a Hair Salon in Alabama accepting credit cards. A customer is paying with a Rewards Card so she can get some air miles. The business is going to accept that card and accept the higher rates associated with that type of card because that's the cost of doing business.
Now we have a situation where a convenience store in Arkansas is accepting credit cards. Their avg sale per ticket is way less than the salon in Alabama. A customer comes in to buy some chips and a soda, the owner probably has a sign that says $5 min purchase for credit, This is because the rates he pays would drowned his profits if that customer was to try and use a rewards type card.
It happens everyday the battle between customers and businesses most of us never realize it. We never stop to think about these choices that just flash by in an instant. Every time a card is swiped by a customer in Alaska it can effect the business owner they shop with everyday and they may never even realize it.
If you are a business and you accept credit cards and would like to know how best to control the rates you are paying contact a trusted partner like Quantum Merchant Services A+ rated with the BBB in business since 1995.
Quantum Merchant Services
7300 Hudson Blvd N
Suite 255
Oakdale Mn 55128
1-800-815-3123
The main reason of declining a bourgeois account is for your business kind. Why some businesses are measured high risk. E-commerces or different on-line businesses measured thought about to be high risk attributable to vulnerability of consumers knowledge and mode of payment.
ReplyDeleteHigh Risk Merchants