Credit cards have become the defacto method for people to pay, especially since 2020. Online shopping, curbside pickup, home delivery, remote payments, and self-serve checkout/payments have all drastically increased in popularity. Each of these payment types are best suited for credit cards.
When you accept credit cards as a business, you want to make sure you have the utmost flexibility and options for your customers. This means that you should get credit card processing that lets you 1) accept all types of payment methods, 2) accept credit cards from anywhere in the world, and 3) get your funds quickly.
Accept all types of payment methods
Accepting all forms of payment methods means the ability to accept credit cards online, in-person, or while mobile.
Your business may have more than one way it needs to accept payments: eCommerce, terminals, mobile, virtual terminal, recurring billing, invoicing, and API integration. You’ll want to be sure you choose a payment processor that offers the payment methods you want.
Accept credit cards from anywhere in the world
Your customers may want to pay with different types of cards: Visa, MasterCard, China UnionPay, JCB, Diners, American Express, and Discover. You’ll want to be ready for that. You’ll even want to be ready for debit cards or check cards within the same system.
Some credit card processors only accept certain cards and some do not accept international credit cards. Ensure your payment processor accepts any type of credit card from anywhere in the world. This gives your business the best opportunity to maximize revenue.
Get your funds quickly
After you take a credit card payment from a customer, unfortunately funds are not immediately deposited into your bank. Different credit card processors take different amounts of time to deposit funds into your bank. Some payment processors hold funds longer in order to reduce their risk.
The last thing you want to do is have your funds held for days or even weeks. Clearly Payments allows you to get your funds in less than 24 hours. This means better cash flow for your business.