SHOULD YOU CHANGE YOUR PAYMENT GATEWAY?

Owning a business in these modern times requires a lot of knowledge, including the best way to accept and process payments. Payments are central to your business’s survival as well as your relationship with your customers, and they must be convenient, dependable, and secure. There are many payment gateways out there, and if you’ve already chosen one, we would ask you to take a minute and read through the following list. Not all payment gateway companies have your best interests in mind, and there are common signs that it’s time for your business to move on.

YOU’RE PAYING EXTRA FOR CERTAIN FEATURES

Keeping customers’ payment information safe is paramount to any business’s success. Services like fraud protection, automated billing, and information vaulting should be included in your standard rate. If you’re working with a provider who charges extra for these services, we recommend you look around for a new option. Give your business every advantage possible!

IT TAKES TWO PAYMENT GATEWAYS TO FILL YOUR COMPANY’S NEEDS

Do you have separate providers for merchant processing and gateway? This might work when you’re small, but if you’re seeing any success, it may be worth consolidating. Not only will you enjoy one point of contact, you’ll leave behind the headaches of keeping track of multiple entities at once. Providers often give great benefits to businesses that use them for both gateways and merchant processing.

YOU CAN’T TO ACCEPT FORMS OF PAYMENT THAT YOUR CUSTOMERS USE

Sometimes it seems the ways to pay for things are endless. From PayPal to bitcoin, there are many different payment forms you may be expected to accept. The good news is, system providers have worked hard to make this easy on you. The key is understanding your customers and how they like to pay. Do they want automated payments? Are they a crowd that prefers Apple Pay? Listen to your customers, and you’ll have no problem identifying the system you need.

YOUR BUSINESS HAS GROWN

It’s absolutely normal for a business to grow out of one business model. It’s a good thing! If your business has grown quickly, there’s a good chance you’re paying too many processing fees. Instead, look into opportunities to get rid of funding reserves. You may even be able to lower your processing fees. We understand that transitions take time and energy, and when you’re running a business, it can seem easier to stay with an old system. Don’t fall into this trap. Stay ahead of the curve with Impact Payment System, and you’ll reap the benefits for years to come.

YOU’RE IN THE GLOBAL MARKET

If you sell internationally, it’s essential to have a payment platform that can scale with your business. The proper service will enable you to handle foreign currencies, boosting your credibility and ability to grow. You may not sell internationally now, but if you want to in the future, it may be worthwhile to find a service that can easily facilitate that expansion.

Impact Payment System is proud to provide the best credit card processing and beyond to businesses around the world.

Contact us to learn more today!