How and when you get paid for your products and services is one of the most important thing to consider as a business owner. Therefore, understanding the difference between getting your payments processed over the internet vs. a brick and mortar store is important.<\/p>\n
You can choose to have an in-store terminal or POS system where you can do card present transaction<\/strong>, or you could have an online payments account to accept card-not-present<\/strong> transaction from your website, via emailed invoices, over the phone or by mail.<\/p>\n Nowadays, many businesses choose to have both card present and card-not-present payment acceptance, so they don\u2019t miss out any potential business. Having both is an effective way to ensure costumers can pay however they want.<\/p>\n Card present or in-store payments will have lower processing fees than those payments accepted online or over the phone (card-not-present). The reason for this is that the risk for fraud increases in online and other card not present transactions.<\/p>\n There is less risk associated with a business swiping a credit card than keying it in. Why? When a card is swiped, a person is present; where the merchant can check ID and signature. When a person is not present, it\u2019s open for consumer fraud.<\/p>\n Choose your Payment Service Provider carefully. There are payment providers that are experts in each type of industry as well as providers that can process payments in all of them.<\/p>\n It is important to take fees into consideration, but don\u2019t let the benefits outweigh the risks. Choose a provider that offers free reporting tool and delivers outstanding service where you can speak to someone when you call.<\/p>\n For Electronic Payment Set Up Call Now 888-996-2273<\/p>\n