All about Virtual Credit Card Terminals!

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Virtual Credit Card Terminals!

Is your business ready for the future of payments? Believe it or not, virtual credit card terminals are the wave of the future. Here’s a closer look at what they are and why you should consider using them. 

What exactly is a virtual credit card terminal? In short, it’s a device that allows customers to pay for goods or services with a credit card using their phone or computer. Transactions are processed through an app or browser extension, and the user never has to share their credit card information with the merchant. This makes virtual credit card terminals an ideal payment solution for online businesses and those that process a large number of transactions each day. Still not convinced? Here are four reasons why you should consider using virtual terminals in your business.

1. Increased security

One of the biggest benefits of virtual credit card terminals is that they provide a high level of security for both merchants and customers. Transactions are processed through a secure connection, and the user’s credit card information is never shared with the merchant. This helps to reduce the risk of fraud and data theft. When you are considering credit card processing for small businesses, ensure to consider virtual credit card terminals. 

2. Convenience and flexibility

Virtual credit card terminals are also very convenient and flexible. They can be used anywhere there is an internet connection, making them perfect for businesses that operate online or those that have a large number of transactions each day. In addition, virtual terminals can be used with a variety of smartphones and computers, making them compatible with virtually any device.

3. Improved customer experience

Giving your customers the option to pay with a credit card can provide a better overall shopping experience. With virtual terminals, customers can complete transactions quickly and easily without having to share their personal information. This helps to build trust and strengthen relationships with your customers.

4. Reduced costs

Virtual credit card terminals also offer businesses several cost-saving benefits. For starters, there is no need for a physical terminal, which can save you money on hardware and software costs. Virtual terminals are also typically cheaper than traditional credit card processing solutions, making them an affordable option for small businesses.

As you can see, there are many reasons to consider using virtual credit card terminals in your business. They provide increased security, convenience, and flexibility while also reducing costs. If you’re looking for a payment solution that is ready for the future, then virtual terminals are the way to go. Merchant Services Broker Solutions offers the best merchant service. Get in touch with us at 888-912-6727 or sales@msbrokersolutions.com.

How to Decide Which Top Credit Card Processing Company is the best for you?

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Decide Which Top Credit Card Processing Company is the best for you?

When it comes to selecting what type of credit card processing company will work best for your business is a very important task. It is best to go with a top credit card processing company you feel will provide the most value in terms of service and cost.

First off, it is important to know what the competitive landscape looks like for credit card processing companies. What types of different services do they offer? How easy will it be for me to switch from my current provider? What payment terms and fees will I encounter with each potential company?

Before you start your research, ask yourself the following: How many employees do I have? Who has access to this information? Is there anything in particular that I am looking for out of a credit card processing service (such as high volume or recurring billing)? How much are you prepared to spend on credit card processing? 

If you have no employees or very few employees, then it is best to work with a company that has a low monthly fee and also supports point of sale systems for small businesses. This way, the cost is minimal for you and if you eventually hire more people they can be added at any time without hassle. 

As you can see, many factors go into selecting the best credit card processing company for small businesses. Researching your options is important, as it can save you time and money in the long run. Remember to only choose companies that offer high-quality service!

Merchant Services Broker Solutions is a leading credit card processing company in the United States. We are known for exceptional service, low rates, and fast approvals. We’ve helped thousands of businesses in the U.S. successfully start processing credit cards with industry-leading solutions at affordable prices.

Please let us know if you have any questions or would like to learn more about how we can help your business process credit card transactions! Call 888-912-6727 or email sales@msbrokersolutions.com for more information.

Benefits of Point of Sale Systems for Small Businesses

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Point of sale systems for small businesses

A point of sale system is a piece of computerized equipment used in retail outlets to process financial information for the purchase of goods. Point of sale systems for small businesses includes an input device, output device, and software that uses data from both to keep track of transactions. This is often accomplished with the use of a cash register that processes credit card or debit card transactions.

POS systems are designed to help speed up the purchase process by allowing customers to swipe their credit or debit cards, rather than waiting for the cashier to do it. These speeds up transactions because there is no need for cashiers to verify that card information is correct on a paper receipt before giving it back to customers. If you are not aware of this feature, you can check with the service provider offering the best credit card processing for small businesses. 

One of the most important features of a POS system is the ability to issue refunds. To take advantage of this feature, a cashier or customer service representative should have the ability to provide a refund even in cases where products have been opened and used. Systems can also allow users to tie together all sales in a given period to get a cumulative total.

The use of electronic cash drawers is another useful feature. By eliminating the need to make physical changes or break large amounts of currency, these drawers speed up the transaction process. Some systems also come pre-configured with buttons that allow users to mark which purchases have been made using debit cards so they can be used to quickly issue a refund.

POS systems can be further customized with software that works to increase inventory management and streamline other aspects of a company’s business. Add-ons such as those that work to prevent shrinkage, which is the loss of goods from a retail business due to theft or other factors, can help improve productivity by reducing costs associated with those issues. POS systems with touch screens can be customized to work with a company’s brand identity, helping make the business more visually appealing to customers. 

Nowadays, top credit card processor companies like Merchant Services Broker Solutions provide POS solutions for customers. Call 888-912-6727 for more information. 

Tips to Choose the Best Credit Card Processing!

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best credit card processing

When you’re ready to start selling your products and services, the last thing you need is the best credit card processing system that stands between you and your profits. Your customers will happily provide their credit card information if they feel secure and confident in the transaction.   So it’s up to you to make sure that no problems or fears about having their identity stolen – or making a mistake – keep them from signing on the dotted line.

And as technology changes, so do the opportunities for safely accepting credit cards at your business. Whether it’s online shopping, mobile payment solutions, or just buying groceries at Wal-Mart, innovations are constantly coming out to ensure safer transactions with fewer errors and higher profits.

It might seem like a lot of work to stay on top of all the latest ways to collect payments, but it is very beneficial. Since most businesses are required to take credit cards, you can end up losing customers if your equipment isn’t working properly. And that means lost sales and less cash flow for you!

 So here are some tips that can help simplify the process for you:

1. Avoid “bundled” credit card processing services – You typically pay more than double what other discount providers would charge because they don’t do any price comparison shopping and buy in bulk from a fewer number of suppliers. This gives them more room for profit by cutting out those pesky “middlemen.”

2. Get quotes from at least three different service providers. You may be surprised at the differences in price and services offered.

3. Look for a provider who specializes in your type of business. Restaurants have different needs than, say, a doctor’s office. Make sure you’re working with someone who understands your specific requirements.

4. Check into mobile credit card processing solutions – More and more businesses are accepting payments this way, especially small businesses that might not have brick-and-mortar storefronts. It’s a great way to take payments on the go!

5. Use a payment gateway – This is an online service that allows you to accept payments from customers all over the world, regardless of what system they’re using. It secures your customer data, conducts real-time validation of the card information, and reduces chargebacks for lost or stolen cards.

6. You can also look into high-risk payment processing – this is a good choice if you have more than average credit card disputes, but it does cost more so weigh the options carefully.

Merchant Services Broker Solutions is the best online credit card processor and can help you navigate the waters of credit card processing and find the best solution for your business.

We can help you get the best rates available. Contact us today at 888-912-6727 to learn more!

Benefits of Virtual Credit Card Terminal!

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virtual credit card terminal

A virtual credit card terminal is a virtual credit card reader that allows you to collect credit card information from a customer to charge a type of electronic payment. So, what are the benefits of a virtual credit card terminal?

1. You can create a virtual credit card terminal quickly by using a web-based service that has a merchant account already set up with it. This allows you to start accepting credit cards without much cost or effort involved.

2. The credit card processing broker is easy to use and often comes with customer support for any questions or problems you have while using the system.

3. Virtual terminals reduce costs because they don’t require additional hardware to set up or maintain, such as a credit card swiper, computer, printer, etc., due to being accessible from your phone or laptop through an internet connection. That makes them perfect for businesses that aren’t required to have a physical business location but still want to accept credit cards as payment online.

4. You can accept payments from multiple countries with a virtual credit card terminal, regardless of where you live or have your business.

5. Virtual terminals are quick and easy because there’s no wait for a merchant account to be approved. It can take as little as five minutes to sign up and begin accepting payments through a virtual terminal because it doesn’t require any additional approval process.

6. You can use them for e-commerce stores that sell products online, regardless if they’re physical products or digital downloads.

7. The system is PCI compliant, meaning it allows you to handle sensitive information in a secure, encrypted environment that complies with the Payment Card Industry Data Security Standard (PCI DSS) that all major credit cards use when processing their data.

8. Virtual credit card terminals offer flexible payment options such as recurring billing and subscription services, allowing you to collect reoccurring revenue from customers without hassle.

9. All virtual credit card terminals come with a transaction history report allowing you to keep track of how much is being sold and processed through the system on a regular basis, instead of having little to no knowledge about your company’s transactions if they were processed through a physical terminal or cash register.

10. They make it easy for businesses because all transactions are done electronically, which allows them to save time when dealing with money matters since there’s no need to count cash at the end of each day before closing up shop. 

If you are looking for one of the best credit processing companies, you have to choose Merchant Services Broker Solutions. Call 888-912-6727 for more information.

The Definitive Guide to Best Merchant Services in Online Businesses!

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Many online businesses are looking for the best merchant services to use, and that’s where we come in. We have compiled a list of our top five choices for you to review and compare while choosing the best merchant services for online business.

The first thing you should consider when choosing a payment processor is how often your customers will be making payments with your business. If they purchase something from you every day, then it would make sense to choose a provider who offers daily processing so their account never goes into default or gets closed due to excessive fraud activity. On the other hand, if they only buy once per month, then monthly billing might be more appropriate because it won’t cost as much for them each time they buy.

The second thing you should consider when choosing merchant processing companies is how much your customers will be spending. If they are only making small transactions, then it would make more sense to choose a provider who offers low rates on the minimum amount that can be charged per transaction. However, if their purchases average around $75-$150 each time, then finding someone with higher thresholds might work out better for them instead of paying extra fees every time they buy something from you.

Finally, merchants need to think about what kind of equipment, software support, and best virtual credit card terminals their merchant services offer since some companies specialize in everything while others don’t have as many features available yet because they’re still growing (for example PayPal). Do yourself a favor by choosing an established company like Merchant Services Broker Solutions so there’s less of a chance that you’ll be left hanging and your customers won’t have to wait very long for their purchases.

Merchant Services Broker Solutions has been providing small and medium-sized businesses with the best credit card processing services for several years. Our team of experts will work closely to help you find a solution that is tailored to your needs so you can grow your business without worrying about whether or not you’ve chosen the right merchant account provider. Partnering with us will give you peace of mind knowing we have your back, 24/7. If this sounds like something that would be beneficial to your company, call 888-912-6727 today!

Services by Payment Processor Companies!

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One of the toughest tasks for an e-Commerce business owner is selecting the right payment processor. A payment process is required for allowing the customer to pay through their debit credit card. The role of the payment processing company is to transfer the customer’s money to the business owner’s bank account. There are many payment processor companies available in the industry. Choosing the right payment processor company is important. When you are selecting the payment processor company one of the important factors you must consider is the pricing. The payment gateway must support the shopping software and fulfill the needs of your business. 

Authorizing and processing are the two main steps done by the payment processing companies. The payments must be mapped securely. The steps followed by the payment processor companies are given below:

  • Credit card processor companies will verify the credit card information provided by the customer during the billing of the product. 
  • It also ensures that the card has adequate funds for payment. The company also authenticates the payment.
  • It provides an order confirmation number after approving the payment request.
  • Finally, the merchant service providers approve the payment and transfer the fund from the customer account to the e-Commerce business owner account. 

All the above-mentioned transactions will be done in an encrypted form. To make sure that the customer’s credit card or bank account information is secure. Customers can use the best virtual credit card to make the payment more secure. The payment processing company can also directly integrate with the POS system to process the payment.

One of the important factors considered while selecting the payment processor companies is the cost. Business owners want to reduce their overhead cost so cost is one of the critical factors. Some of the costs involved for payment processing are set up fee, monthly charge, interchange cost charged by the customer’s bank, association cost charged by the credit card company, markup cost charged by the merchant’s bank, and processing cost charged by the payment processing companies. 

Some of the other factors considered while selecting the credit card processing are payment options provided by the company, site security, customer service, and access speed.

Compare a few payment processing companies and select the one that satisfies all your business requirements. Merchant Services Broker Solutions is one of the best companies and it offers the best credit card processing for small businesses and large businesses. For any queries regarding the payment processor, you can contact Merchant Services Broker Solutions. Call 888-912-6727 for more information.

Understanding the Convenience of Point of Sale System for Small Business!

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Point of sales are an essential element in shopkeeping with a multitude of functional factors contributing to their processing efficiency. Further, different businesses require different POS setups with equally varied hardware and software. A point of sale system for small business forms the crux of enhancing customer relations and making available numerous managerial features to systemize your proceedings.

Let’s get into the details of how favorable various POS systems are for organization and sales management of different small businesses.

POS Systems and their key components

Point of sales have come a long way from being mechanical cash registers to accepting mobile payment to being virtual cloud-based systems with the ultimate security. Every POS has two components – the software and hardware.

Software consists of the frontend interface allowing on spot customer transactions and the backend interface allowing extensive analytics, reporting, and management.

Hardware is mostly the PC or tablet where transactions are registered, a receipt printer, cash drawer, barcode scanner, network devices, and a credit/debit card machine.

Analyzing different scenarios of POS systems 

POS systems for small businesses dealing with hospitality, like hotels, differ vastly from that required by a small cafe or a retail store. Here is a brief look at two such scenarios.

Hybrid POS systems for restaurants or restaurant chains

The point of sale in a restaurant requires a system where orders are placed and relayed to the kitchen in real-time. Further it must be capable of making reservations, tracking tipping options, and filling up empty reservations posts as and when they get cancelled.

For systems working on unstable network connections, an offline mode is selectively available so functioning continues even with no connectivity. New data gets synced once the system is back online.

Cloud-based POS for small cafes

Many startup cafes choose to avail the simple cloud-based services POS systems have to offer for their business specifications. iPads serve as the functional interface for upfront transactions with a Bluetooth savvy card reader. Cafes that prefer taking cash can integrate a cash drawer for security. 

Receipt printers are typically preferred by people as proof of purchase so availing a receipt printer comes next. The POS system allows a windup of daily activities with discrepancy checks, transaction organizations, and the eventual logging out.

Remote services include analytics and reporting to ensure perfect accounts and bookkeeping.

Final thoughts

Similarly, POS systems for retail stores require multiple features specialized to accommodate the numerous consumer products. Organizing and inventory tracking are prioritized factors with hardware options to support the volume of products.

Virtual credit card services offer a more streamlined payment processing option that many small businesses are unaware of. The added layers of security and management are suited for businesses of any size when availed from the best credit card processing company.

Merchant Services Broker Solutions furnish a custom-made approach to your business processing by incorporating the right technology with ideal payment processing solutions. Give the experts a call at 888-912-6727 and get your consultation booked today. 

Best Online Payment Services

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Electronic credit and debit transfers, merchant account, payment gateway, payment processor, and PCI compliance are a must-consider factor in choosing the best online payment services. The best online payment service providers are given below.

  1. Authorize.net is one of the commonly used user base merchants which has been servicing for more than two decades in the industry. It charges about $25 per month that involves all-in-one service including the payment gateway and merchant account. It takes about a particular charge for each transaction too.
  2. PayPal is one of the most widely used payment processors all over the world. They have more than three hundred million active clients servicing them. Credit card payments and direct payment through the email address are possible in the PayPal account. 30¢ is charged by the company for each transaction made with 2.9% for the domestic transaction.
  3. Google pay is used by connecting the user to pay for the problem with their profile. The highest profit of using Google Pay is that millions of users use it and it can be found anywhere and everywhere. It does not charge any additional fees.
  4. Amazon pay requires making a payment with the amazon account of the user online. The merchant must have an amazon pay to process the payment. It charges about 2.9% along with $0.30 for each transaction made for domestic pay via mobile or internet.
  5. Dwolla is one of the secure and safe payment platforms that are very convenient and easy to use. It has digital wallet options which enable more than 500 payments at once. 0.5% of fees are charged by Dwolla per transaction. Flat-rate plans are also provided which vary from $250, $1000, and $2000 for a year.
  6. Excellent payment solution and system is provided by Stripe that handles merchant approval and PCI compliance. They charge 2.9% plus $0.30 for each transaction.
  7. Braintree is one of the best online payment gateways that are now a part of PayPal which also offers merchant account solutions. They charge about 2.9% plus $0.30 for each transaction made.
  8. Independent software platforms and vendors providing the payment process and best online payment solution are provided by WePay. A standard fee of 30¢ + 2.9% is charged per transaction.

Many online payment systems are providing the best payment processor or payment gateway and one such best company is Merchant Service Broker Solutions. If you wish to sign up with MS Broker Solutions call 888-912-6727.