How Credit Card Processing for a Small Business Works

You’re a small business owner and you’ve made the decision to accept credit card payments on your website. First off, this is a great choice. Credit card processing for a small business allows you to connect with more people, leading to more sales. Also, you are providing customers with a convenient way to pay for your product or service, which is always a plus.

It’s no secret that using debit and credit cards is extremely popular, and it’s a behavior that is on the rise. That’s why it has become a necessity to have an option to pay via credit.

Entering Into Partnerships: Merchant Account and Payment Gateway

In order to accept credit and debit card payments, you will need to have a merchant account. This type of account enables credit card processing for a small business and large business alike.

You will also need a payment gateway, which handles the authorisation, capture, and deposit of funds from a customer’s account into your business account. Think of the payment processor as the terminal you would use at a brick and mortar location; it is essentially the same process as swiping your credit card for payment.

You must have both a merchant account and a payment gateway in order to begin accepting credit card payments online. You can acquire each separately, or you can find a company that will provide you with both. When you set up credit card processing for a small business, many places will be happy to create a bundle of the two. If you plan to make any changes down the road, it is wiser to go through the payment gateway to obtain a merchant account, that way you can change your merchant account later if needed.

Small Businesses Choose QuickPay

For a small business, a processing solution like Allied Wallet’s QuickPay is a great option to begin accepting credit cards online. QuickPay is our most popular choice and it offers a fast, easy, and affordable way to process online payments.

QuickPay is a great way incorporate credit card processing for a small business because you can brand your payment page to match your online website for a cohesive look. When the customer has selected the products they want to buy and purchase, they will be redirected to a secure page hosted by Allied Wallet.

Again, this page is customisable so it can mirror the setup of your website. Once the customer has entered their credit card information and payment is complete, they are sent back to your website.

Get Your Business Set Up to Accept Credit Cards Today

There are many steps to complete when you start your own business. Of course, you need to make sure that customers have a way to pay for your products and services. This is why it’s important to enable credit card processing for a small business as soon as possible. QuickPay from Allied Wallet can make the entire process easier.

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