Wireless credit card processing is becoming a critical part of small businesses. Some business owners are unable to afford a brick and mortar store, and that creates unique challenges.
For example, some small business owners in places like Miami will sell their merchandise or services in flea markets rather than purchase a physical location for conducting business. In some cases, the same small business will return to the flea market on a specific day of the week to establish repetitive business hours. Merchants who operate in this way need a way to be able to wirelessly charge cards. Many people are using Apple products like the Square Reader to charge cards, but there are other options to consider. The Clover POS System will perform the same functions as the Square Reader, but it doesn’t require an Apple device.
Once you choose a charging system, you’ll have to determine if there are any processing fees you need to add to the price of your items. Adding the processing fee to the cost of your items will help you avoid losing money. Most of the time, processing fees are small enough that they will not alter the prices of your merchandise drastically. However, you may have to require a customer to charge a specific amount to a card to avoid losing money on a transaction. For instance, you may have to require a customer to buy at least five dollars of products to help you avoid losing money from the processing fees.
Another helpful service for small businesses with no designated space is a payment processing company. These companies help small businesses handle the processing of charge cards and will sometimes offer minimal fees for their processing services. Credit card processing goes along with payment processing, and most companies will offer equipment to accompany their services. Hiring one of these companies to assist you with your processing fees is an excellent investment.