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How do I choose a payment processor?

When opening a merchant account, you’ll soon find there are hundreds of card processing companies and dozens of payment methods to consider. A few factors to keep in mind are:

  • Reputation and credentials. How long has the company been around? Read reviews from customers and neutral third-party sources to see what people are saying about their services.
  • Experience with your industry. Different businesses have different needs. Be sure to choose a processor that’s well-versed with the ins and outs of your trade—that way, they’ll be able to provide the most relevant advice and solutions.
  • Commitment to security. Keeping card data safe is a huge responsibility when accepting payments. Only choose a processor that can protect you against fraud with today’s most advanced multilevel security technologies. Ideally, these security tools should be fully integrated and managed by the processor itself.
  • Customer support. Whether you’re onboarding a new system, navigating changes, or troubleshooting a problem, you need reliable customer support. Choose a processor that offers 24/7/365 customer support and save yourself a headache down the line.