If you have a small business, you may have heard of merchant services. There is a good chance you are using them already. If not, you probably should be, and NRS Pay can make it easy. Here’s what you need to know about merchant services for small businesses and why they can be so important for you.
Merchant Services Explained
Thanks to the convenience of payment cards, many customers prefer to use them over cash. The truth is, as our society becomes more and more digital, the importance and prevalence of cash is decreasing dramatically. If we’re not there already, we will soon get to the point where small businesses cannot afford to decline payment cards and only take cash.As a small-business owner, you can increase your profits by expanding the payment types you accept. Merchant services empower you to give your customers the payment options they want. Learn more about merchant services and how they help small businesses grow.
What Is a Merchant Service Provider?Businesses use merchant services for the handling of electronic payment transactions. A merchant service provider takes care of the software, hardware, services and partnerships needed to process these transactions. You can find many of these providers available for businesses. They each have a different approach to services that suit specific companies. When you look for a merchant service provider, you have multiple factors to consider. Every service has its own fees, financial relationships and accepted payment types.
Who Are the Parties Involved in Merchant Services?Merchant service providers manage the parties that take part in card processing. These people and institutions include:
- The cardholder – The customer who presents you with a debit card, EBT or credit card in order to make a purchase.
- Your business – You, the company making the sale of a product or service.
- The bank your business uses – Where the money from a purchase ends up.
- The cardholder’s bank – Where the money from a purchase may be coming from.
- Card associations like Visa and Mastercard – And other credit card companies that you may wish to accept payment from.
What Card Payments Can I Accept if I Use Merchant Services?Various merchant service providers give you their own selections of payment methods you can accept. An ideal provider lets you accept the full range of payment options, including:
- All major debit and credit card payments, including American Express and Visa
- Mobile payments such as Apple Pay and Android Pay
- Payment support such as EBT and eWIC
The NRS Pay POS payment processing system takes all major credit cards and forms of payment, including MasterCard, Discover, Visa, American Express, EBT, Apple Pay, Google Pay and more!
Do I Need to Get a Credit Card Reader?To accept alternatives to cash, you need a card reader like an EMV machine. A secure card machine uses the latest forms of payment processing, including cards with chips and mobile payments. Many providers bundle a reader with their service agreement, but pay attention to their descriptions. Merchant service providers like National Retail Solutions, Inc. offer the latest technology at an affordable price. In fact, if you act now, we will send you an EMV card reader for free!
How Do Merchant Services Help Small Businesses?When you work with a merchant service provider, they take care of the details surrounding credit card processing. For a small fee based on what you earn, you can spend more time growing your business. Partnering with a provider that understands small businesses saves you time and effort. A merchant service provider like National Retail Solutions, Inc. will support you as you aim for success. Imagine what it will be like to be able to take payment from a wide variety of sources without even having to think twice about it. You’ll never have to turn a customer away or force them to spend awkward moments fumbling for an alternative form of payment. Just let them swipe whatever major card they have and we’ll do the rest.
Count on National Retail Solutions, Inc., as Your Merchant Service ProviderWhen you buy POS+, the World’s Greatest POS System, you can add our merchant services from NRS Pay at a low rate. You can accept all major payment forms mentioned in this guide for an affordable price. Discover our software and hardware for small businesses today by contacting our sales team.
Other unique services NRS Pay take pride in helping merchants with:
Our system can and has been used by a wide variety of types of stores that need the ability to take credit cards or other payment cards, including convenience stores, grocery stores, delis, liquor stores, smoke shops and vape stores, beauty salons, retail stores, and many more. If you’re not sure if our POS+ system is a good candidate for your business, please get in touch and we’ll let you know. Odds are very good we’ll be a perfect fit!
Don’t lose valuable business just because you can’t take a particular payment card. If you’re not using an efficient POS payment processing system for your business, you can bet that your competitors are or soon will be. Stay competitive and streamline your business with NRS Pay.
You can accept all major payment forms mentioned in this guide for an affordable price. Discover our software and hardware for small businesses today by contacting our sales team. You can learn more about our Payment Processing and contact us now for a free EMV card reader here.Other unique services NRS Pay takes pride in helping merchants with:
- Cash Discount Program — Offsetting the Card Brand Fees by having the cardholders help pay towards it.*
- Live currency conversion Know-What-You-Pay in your currency — for tourists/credit cards from other countries.
- Rapid Funding — Batch anytime at night and early morning until 6:00 AM and still get funded by 5:00 PM!*
- Merchants can sell state-approved CBD based products with NRS Pay merchant services. (Excludes Marijuana or THC based products).
- ~24/7 multilingual support.
- Lower interchange pricing based on consulting merchants how to have the cards they charge downgrade less.
*Additional charges/contract may apply