Choosing how you would like to be paid requires a bit of homework. Paypal provides a fairly simple “all-in-one” solution that is easy to add to any website and is therefore quite popular with new entrepreneurs. As your business grows or your product portfolio changes, you may find yourself needing a more sophisticated payment processing service. As you weigh your options, be sure to evaluate all fees – some may appear less expensive on a per transaction basis, but charge heavy recurring monthly fees. Others may have limits on how much you can process in a day or month, or place limits on withdrawals or transfers. Authorize.net has a great “Credit Card Processing 101” tutorial that is worth a read as you prepare to research payment processing.
Accepting Cards On-The-Go
While many of you are looking for online payment processing systems, some businesses also need the ability to accept credit cards in person or on the go. These are a few of the popular card readers that use mobile devices to process payments.