When you first begin to set up your new business, you have so many different options when picking a credit card processing system to ensure that all of your transactions run smoothly. One popular choice for this is a system called Square.
Square is known by its signature small white square card reader, which can be attached to a smart phone or a tablet and is provided to its customers free of charge. They also offer chip readers and readers that take Apple Pay at a low fee.
This system charges the same fee for processing all different major credit cards, which is 2.75 percent per tap, swipe, or dip, or 3.5 percent plus 15 cents for each keyed-in transaction that is run. They do not charge monthly fees and they deposit in one to two business days, with instant deposits also being available. They also provide chargeback protection and assist with payment disputes that may arise for the business.
Other standout features of this specific credit card processing system come along with its point of sale app, which can be installed to any device that a merchant may decide to place their reader on. This app allows a credit card payment to be processed without a signal, gives customers an easy way to tip, sends receipts or prints them, manages and adjusts sales tax, tipping, and discounts, can handle sales reports and inventory, and can also collect feedback from customers.
It is a very popular credit card processing system due to its ease of use, user-friendly simple interface and visual layout, and of course, the little Square reader that many have come to know and love.
It also allows businesses to integrate its software into websites for online and eCommerce use, providing the option of a pre-designed template that can be connected to a merchant’s already existing website in order to process payments through its online store. Processing a credit card payment online through this system costs a flat fee of 2.9 percent plus 30 cents per every transaction, which eliminates other fees such as the payment gateway fee or the address verification fee.
When seeking out a credit card processing system, there are various important factors to consider for a business. Some of these factors include cost, time effectiveness, ease of use for both the customer and the employee, merchant, or business, and easy to navigate interface. When a transaction goes smoothly and you can count on your system to run things smoothly and consistently every time a customer provides their credit cared, it can eliminate some of the stresses of starting up a new business. That is why taking care and doing sufficient research to select a system that is best suited to you and your business’ needs is so important, and investing time and money in ensuring that you have a solid system is worth it in the long run for the future of your business.