Small businesses are learning that accepting credit and debit cards as forms of payment is no longer an option – it’s fast becoming a necessity. But how do you choose which one to use? And what about risk and contracts? Why am I charged more for some card types than others?
Our featured guest in this Episode of The Small Business Trends Radio is Kevin Scott Rizer, Founder of Trade Days Processing, a company that specializes in electronic payment processing services for mobile businesses and companies in the health care field.
- How many are there and how do you choose? — Over 3,000 credit card processing companies exist. Look for a company that has the time and patience to explain their services in detail and educate you in the process.
- What does all this terminology mean? — Qualified, mid-qualified and non-qualified are terms you will hear. Qualified means a swiped transaction in a physical location, which is usually the lowest rate. Mid-qualified means a reward or mileage card that earns perks and non-qualified is usually a telephone transaction where the card is not present.
- What don’t they want you to know? — You may be surprised to hear the number of things that may not be expressed. Kevin explains each of them in detail in the full interview and you have to hear this.
Kevin demystifies the terminology and the industry in a way that’s easy to understand for the average business owner. He covers topics such as rates, fees, equipment leasing and some very important questions that you should be prepared to ask the processor.
Are you ready to learn more and remove some of the mystery regarding credit card processing and services? Click the red and yellow player below to hear all of the information that Kevin has for you during the full interview.