Credit Card Processing California, Colorado



Your business is growing and you want to start accepting credit cards choices are many from local and national processing companies to upstarts like Square and Pay Pal. 



Traditional credit card processing is a tried-and-true method for accepting payment for purchases, and many business owners stick to the “if it’s not broke, why fix it” attitude when it comes to the processing traditional credit cards. Traditional credit card processing is typically tied to a physical store location, with each processing terminal tied to the cash register’s desktop computer. Also included in this model, online stores and mobile payments, i.e  payments accepted on location such as a festival, farmers market, flea market etc.

“Merchant services” is an industry term that describes the accounts and equipment a business needs in order to accept credit cards. To obtain a merchant account, you’ll need to work with a Merchant Service Provider (MSP) because with the exception of some of the mega-banks you typically can’t walk into a bank to get a merchant account. Most banks work thru an MSP or Merchant Services Provider. The MSP sets the rates and fees that you will pay on your merchant account. All MSP’s have the same costs to cover, because they are set by Visa and MasterCard, so the smallest MSP can be as cost effective as the largest. Thru a reputable MSP you can set up an account to accept cards as well as purchase equipment, gift cards etc.
Compare this type of company to a company like Square or Pay Pal which have niche positions in the credit card processing industry.

With Square, as well as Pay Pal merchants can simply plug a device into their iPhones, iPads, or Android based smartphone’s to use for swiping. This appropriately-named, four-cornered accessory converts the credit card’s information into usable data on the phone or tablet, giving users instant access to the money they need. Walla you are accepting credit cards. 


With a traditional processing account you set up your processing account and your MSP or processing company will ask you for your  Bank’s routing number and account number and the funds are typically deposited directly into your account.

With Companies like Square and Pay Pal they are your initial bank. Your funds are deposited into an account you set up thru them however with Square you can add a Bank account and those funds minus your processing fees pass on thru to your Business Bank Account. With Pay Pal you can use a debit card that they issue.
In either case there are pluses and minuses to each your decision as to which type of account to set up is going to be based solely on your personal needs.

If you are interested in discussing your options to acceptcredit cards contact a professional company like Quantum Merchant Services. Quantum is a registered MSP, BSP and can do business with most types of companies nationwide.

Quantum Merchant Services
7300 Hudson Blvd N.
Suite 255
Oakdale Mn 55128
A+BBB Rating
1-800-815-3123

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