3 Ways to Improve Credit Card Processing Technology

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Technology is constantly changing and improving with time. As a business owner, you can get left behind your competitors if you aren’t keeping up with the new trends. Or, you can be proactive in implementing new systems and processes to maximize your business efforts.

One aspect of technology that needs to be kept up-to-date is your credit card processing system. Whether you have a Point of Sale (POS) terminal in your store, you are processing payments online, or using a combination of both of these payment systems, your level of technology will impact the outcome.

Here are three things to consider if you are looking to improve your credit card processing technology:

  1. Upgrade POS Terminal: While it’s good to maximize your investment in equipment, outdated terminal equipment could be detrimental to your business. Instead of using the same credit card processing equipment that has been in your store for 10 years, it’s time to switch out the POS to the latest technology available. Make sure that you can accept chipped cards and even Near-Field Communication (NFC) payments from cell phone apps.
  2. New Services Provider: When you are ready to upgrade your POS equipment, it might be a good time to switch to a new merchant services provider. Evaluate the services you are receiving and compare your options with other providers in the area.
  3. Integrated Systems: There’s no reason for you to have two credit card processing systems for online and in-store payments. Look for a credit card processing solution that allows you to accept payments through the same account, making it easy to access robust analytics and reporting.

The right credit card processing system is critical so that you can accept payments from your customers. Most people prefer to pay with plastic, so your business needs to be ready to accommodate all types of payments that might come through. At Veripay, we understand the challenges you are facing with your credit card processing system. If you are looking for ways to improve your business practices, then we invite you to discuss these services with our team. We’re here to help: 888-891-0811