Overcoming Challenges To Small Business Credit Card Processing

by | Nov 17, 2015 | Accounting

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There are many different types of small businesses in our economy. The diversity of business models, business practices, and even in where small businesses operate can make small business credit card processing difficult if the only option being considered is the older style of cash registers.

At MBN, we know the challenges that small businesses experience that make processing of credit and debit cards difficult, at least in the past. With the variety of different options we have for our customers, we can help you to find the credit card machine that will suit your business and allow you to take the form of payment most preferred by the majority of your shoppers.

Mobility Issues

One of the biggest problems facing small business credit card processing is mobility issues with the system. Often small businesses operate in buildings and venues or have a small retail outlet where a large point of sale terminal is too bulky, cumbersome, and simply doesn’t work for the space.

To answer this problem, mobile devices that simply correct to a smartphone or tablet to read the magnetic strip on the card and the actual software to run the system loaded on the smartphone or tablet. This completely eliminates the mobility issue and allows multiple devices to be in use at the same time.

Handheld Devices

Another option for small business credit card processing that is both practical as well as highly efficient are the small handheld terminals. These are some of our most requested credit card machines because of their flexibility, security, and ease of use.

Different models and designs can be used with a system with an Ethernet to GPRS or a dial-up connection, as well as the option to add a battery and make it mobile. These devices are also capable of managing loyalty or gift cards as well as accepting virtually all payment types.

At MNB, we also recognize that one of the obstacles to small businesses and credit card processing was the cost involved in the equipment. With today’s technology and options, this is also no longer a concern. We can work with clients will all types of businesses and budgets to find a small business credit card processing option that will not only work for you but add to your ability to generate revenue.