When it comes to owning a business, there are a lot of little things you have to analyze in order to stay afloat. When trying to retain customers, you need to think about their needs. As more and more people choose to use debit or credit cards to pay for goods and services, consider getting a credit card teller. In order to keep transactions fast, you will also need to work with a credit card company to do some card processing services.
As you read, you will be able to understand more about what credit card processing entails, including its advantages and disadvantages. Not only that, but you will be able to see how Xccept can help make the process even better through no fees credit card processing.
How Does Credit Card Processing Work?
Credit card processing for organizations is a simple yet significant procedure. It lets companies accept credit card payments from clients while assuring the security of the customer’s information and payment. Customers input card information to the company, which is subsequently securely transmitted through permitted payment gateways to the company’s related bank and linked payment processor.
The card issuer checks the information and either allows or cancels the sale based on the customer’s credit capacity. The system returns an authorization code to validate whether the purchase was accepted or rejected. This entire procedure is normally completed in a matter of seconds.
How Does It Affect My Bottom Line?
Credit card processing has its downsides. Because they are providing you with a service, credit card companies will also give you a monthly fee for helping you make card transactions much simpler. On average, this can be 3% of each transaction. While that may not seem like much, it adds up if your business relies heavily on card payments.
This can be a damper for high-risk companies or small businesses that don’t have a lot of financial back-ups. If they did not have to pay those fees, they would have more money to focus on ways to grow their business structure, pay more important bills, and get more employment.
Is Free Processing Possible?
The idea might sound far-fetched, but thanks to Xccept, you can cut out the fees from your monthly payments! Xccept is a company that works as a mediator between businesses and their credit card companies. Each customer’s purchase includes a tiny service charge, and you receive the whole transaction amount. Card processing costs are paid directly to their company, as are all monthly transactions. When you receive your bill, you will see a total of $0 due!
Better yet, Xccept will not surprise you with any hidden fees, such as surcharges and swipe fees. Contracts with the company are month-to-month, so you never have to worry about being stuck with them too long if they are not providing you with the services you want!
Even if you have never utilized a credit card teller before, you don’t have to worry. Xccept can send you one of their machines as soon as you are approved to ensure processing is done and without downtime. Their machines never need software updates, so your transactions will never be stalled!
Xccept Can Help Most Business Models
Only some companies are going to run the same, so services need to be customized to their structure. Xccept understands this and has expanded its services for a lot of different groups, not just the major ones like retail or food and beverages. Xccept can help you if you run any of the following:
- Small Businesses
- High-Risk Businesses
Xccept can help your business no matter which state of America you are in or even if you have had previous snags with credit card companies. They know that struggles happen and want to assist you in enhancing your business structure so that you can continue to run without any dilemma. If you want to give their services a go, contact them immediately. Utilizing their processing services will be one of the safest no-risk options for you!