An instant merchant account empowers businesses to expand rapidly. While approval is the initial hurdle, the potential for growth is significant, allowing you to broaden your customer base and increase sales. Few solutions offer such a swift and effective way to promote your business, impress customers, and streamline transactions. Here’s how this expedited process can boost your revenue.
**Applying for Your Instant Merchant Account:**
You can apply online or in person. Start by checking with your local bank or lending institution to see if they offer merchant accounts and the associated terms. If their rates are too high, search online for companies that offer merchant accounts at competitive prices. Many provide free application services, along with low transaction or percentage rates on credit card payments.
Carefully review each website offering merchant accounts before applying. Look for hidden fees in addition to the application fee. These may include membership, setup, monthly gateway, and statement fees. Ask about any obscure charges upfront. Complete the application online or at your bank and submit it as instructed. You should know if you’ve been approved within a week, allowing you to begin accepting payments immediately.
**Equipping Your Business:**
Your instant merchant account provides the means to acquire the necessary equipment for accepting credit card payments. You can purchase or rent a desk terminal, with an optional printer, for in-store sales. Alternatively, a wireless model is suitable for sales at remote locations, such as during product deliveries or service calls. You can even set up digital credit card services, enabling customers to call a toll-free number, enter product codes, and pay with their credit card details. This process requires no human intervention unless you wish to offer customer service support.
**Expanding Online:**
This instant merchant account also allows you to create a website for your business with a credit card payment option. Customers can browse product descriptions (with or without photos), price lists, service options, and links to related sites. They can then pay securely by credit card in real-time, eliminating the need for follow-up collections or delayed payments.
Embrace the electronic age and see how easy it is to sign up for an instant merchant account.