You may be wondering what a merchant account is and what its benefits are for your business. A merchant account is a bank account established between a merchant and an acceptor that allows businesses to accept payments from debit and credit cards. The funds are held for a pre-determined period of time before they are released to your business.
So why do you need this account? Well, it’s simple really. A merchant account can help you increase your profit, move online, and grow your company. In today’s business environment you simply need to be able to accept payment cards from your customers. People use cash less and less and the ability to accept cards can help you accomplish your goals.
Increase Sales and Profit
Your merchant accounts credit card processing allows you to accept more forms of payment. It’s really that simple. This means more impulse buys, less missed sales, and greater market reach. Simply put, as a business owner you need to accept card payments to stay competitive and not miss out on sales and profit.
Create an Online Presence
Perhaps the most beneficial aspect of your merchant accounts credit card processing is the ability to take your business online. While a majority of purchasing and shopping still takes place in brick and mortar locations, online sales aregrowing every year. Being able to process sales online is vital to the success of your business and without a merchant account you won’t be able to take part in this rapidly growing sector of commerce.
Grow Your Business
Ultimately, the benefit of merchant accounts with credit card processing is the growth of your business. The last thing you want is for your business to remain static, or worse, decline. You want robust growth. Accepting credit, debit, and payment cards is the easiest way to ensure your business continues to grow.
Credit card processing streamlines your checkout procedure both in-store and online. Customers are more satisfied with the options in payment when you have a merchant account that can process credit cards. Finally, credit card processing immediately gives your business a professional and trustworthy image. This makes customers feel more comfortable purchasing from your business.
Choose a Professional
Your merchant accounts credit card processing allows your business to capture more profit, create an online presence, and experience solid growth. Accepting payment cards gives you more flexibility and gives your customers greater options. You want to choose a payment card processing company that will be a partner for your business.
Allied Wallet offers award winning security, state of the art credit card processing, and all the options that you need from your payment processor. Call today to discuss your business, payment processing needs, and where you see your company going.