There are plenty of payment service providers out there who claim and want to be your one and only solution for your business payment system. The only question is: Which one? Here you will find the main criteria to look at before you decide on your provider:
1. Fees
There is a saying: “cheap is not good, good don’t come cheap”. Therefore, you should apply this concept when searching for reliable and trustable providers. It is understandable that cost is one of the major parts of the business. Nevertheless, merchants should be aware of unreasonably low rates advertised by providers. There are high chances of undisclosed hidden fees. There is no such thing as something for nothing.
2. Service features
Sometimes, not everything that you find on a search engine can be trusted. Work with a company that will not take advantage of your limited understanding in payment industry as you may not have time to keep track on the latest . Various merchant solution providers offer various services. Rules , limitations and restrictions may also vary according to the service provided. Understand the terms and information in accordance to the package. You can always review their customers’ testimonials or track record and find out the provider’s capabilities.
3. Do your research
Remember that sometimes your provider can only be as good as the questions that you ask. The savvy business owner always ask many relevant questions (Try us). Not all merchant service providers are made equal. Some are quite general and some focus on specific business types. Make sure you get a provider who understands your needs and can fulfill your requirements. It is also essential to get a provider that follows the Payment Credit Industry (PCI) standards. PCI is a credit card guidance created by major credit card companies to protect their card-holders from identity and fraudulent transactions. This guideline is aimed to protect customer’s personal and financial information. Hence, its is important that PCI rules are strictly observed.
The market is full of replica merchant service providers offering credit card processing services. With PAYMUNDO, you do not just get a merchant account, but we emphasize on having a lasting relationship with your business in order to help maximize profits, minimize expenses and control liabilities in the long run.
We would like to know more about you and help to bring your business to the next level. You can reach us at info@paymundo.com
PAYMUNDO 