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January 18th, 2012:

5 Merchant Services Solutions for Small Businesses

This January Forbes ran an article about various merchant services for small business.

They list them as:

1. Credit Cards
2. Pin or Signature Debit Card Acceptance
3. eCommerce
4. Gift/Loyalty Cards
5. Mobile Processing

Here are the highlights:

1. Credit Cards – Accepting credit cards increases your sales.  If you are in retail, all you need is simple retail merchant equipment.

2. Pin or Signature Debit Card Acceptance – Accepting debit cards is a must for any business.  Doing this allows people without credit cards or people who prefer to use automatic debit cards to pay your directly.  You just need a pin pad that plugs into just about any merchant equipment to do this.  Or you can get all in one merchant equipment terminals to do this.

3. eCommerce – to accept payments online you need a merchant gateway, merchant account and a shopping cart.  There are many simple and easy to setup ecommerce merchant services solutions.

4. Gift/Loyalty Cards – Gift cards and loyalty cards have a dual function.  First, they increase the amount of money your business takes in.  Second, they act as a marketing tool that will promote your business.  Both are a great idea and can be integrated into just about any merchant services solution.

5. Mobile Processing – Wireless merchant services solutions offer you the ability to take payments anywhere at any time through a mobile device such as a smart phone like an iPad, iPhone, or Droid.

To see the full article from Forbes about merchant services solutions go here.