Congratulations on your business and running it responsibly enough to keep it in the black. Have you covered all your bases to help your customers pay online? Do you have a button for them to pay through a virtual terminal? Do you have your merchant account set up to accept debit and credit card transactions? If you haven’t, then you have a few more steps to go before you are completely open for business.
Your vitual terminal
When you apply for your merchant account, and you plan on having your customers pay through your site, ask for a virtual terminal. That gives you the button to put onto your site for your customers to click on. It walks them through the steps for the purchase or payment. If you are a collection agency then you will require a collection agency merchant account. And this will make your life so much easier than it ever was before.
Not only does it give your clients a place to pay, but it also gives them the option to pay twenty four hours a day, seven days a week. At their convenience, they find a moment to hit your site and pay their bill. No matter what time of day, you have people keeping their bills paid and you didn’t have to lift a finger. More promises can be kept when an online payment is available.
They don’t have to send it in the mail and you don’t have to wait for it to arrive. It makes it into your account with a few clicks from the computer. It’s Simple and amazing.
Your merchant account is a simple transaction with a merchant account servicer. You can start with the bank down the street to see if they can help. If they can’t, move online to do some research. It’s just a matter of looking for the merchant account servicers that will fit like a glove for your collection agency merchant account.
Have a list of the questions that you need answered and as you search each site cross them off if those requirements are met. If that one servicer does not match with your idea of a merchant account, then move on. Keep going until you find the one that suits you.
Fill out your application and wait for their answer. Most will require 24 to 48 hours before you get your answer. Some make promises for quick response, and that does not mean they are a bad servicer, it just means they have awesome customer service and they were on top of your account.
Once upon a business
Your account is up and running and you have more income coming in. You made it all happen with a merchant account. Aren’t you glad you took the time to set this up? Now you are a rock star and movin’ and grovin’, and your clients are paying off their collection accounts twice as fast. Good for you!!!