What credit card processing is right for my business?

What credit card processing is right for my business?

If you are a nonprofit organization seeking to fundraise or process credit card payments, you’re probably thinking about how you can accept credit and debit card payments (if you haven’t started already). Since almost everyone these days expects to be able to pay with plastic, it is definitely to your benefit to set up a merchant account that allows you to accept credit and debit cards. And if so, you are probably wondering what credit card processing is right for your business.

The first thing you’ll want to do is think about how you intend to collect payments. What does your business do? Do you intend to collect payments in-person, online or on-the-go? Below is a quick overview of different types of credit card processing solutions along with important considerations for each method.


credit card processing1. Point of Sale (POS Systems)

If you are a retail store, dental office or have a physical location that draws in your customers you are likely going to want a point of sale system.

*Important consideration: If you plan to physically swipe credit cards using a POS system, you are in luck because this form of payment processing does come with the lowest transaction rate! Be sure to compare rates of vendors, but also be on the lookout for processing equipment fees. Some companies charge hundreds of dollars for credit card terminals where others offer them for free! You’ll also want to find a company that helps you set up and train employees on how to properly use the equipment.

b2ap3 thumbnail keyboard cardsmall2. Online Payment Processing

If your business is conducted entirely online (perhaps you have a small storefront on etsy) or you offer online consulting or design services, or you are a nonprofit organization wishing to collect online donations for your fundraising campaign, then you’re looking for online payment processing solutions (also called Ecommerce or internet processing).

*Important considerations: be sure to partner with a certified payment processor. This type of processing does come with the highest risk (due to the greater risk of fraud w/ keyed entry vs. swiped card), and therefore this type of processing will result in the highest transaction rate. Again, you’ll want to compare credit card processing rates between companies, but most importantly be sure to find a company that you can trust! other considerations include the ability to accept scanned checks and process MOTO (mail order telephone orders)

b2ap3 thumbnail mobile phone swipe3. Mobile Credit Card Processing

f you have a business that is on-the-go, perhaps mobile pet grooming, a contract worker that collects payment in homes, or perhaps you are a vendor that attends a variety of events, a mobile credit card processing solution might be right up your alley.

*Important considerations: find a solution that works with the hardware you already have! there are plenty of add-on swipers that can attach right to your mobile phone or tablet, allowing you to safely scan a credit card and process the transaction on-site. Be sure to compare transaction fees for this form of processing as well, and consider monthly premiums or add-on fees for this service.

Regardless of your business or mission, there is a credit card processing solution that is right for you. And yes, a merchant account isn’t’ free, but it does open a huge opportunity for you to expand your sales by accepting debit and credit cards. Now, you just need to find the right merchant account partner. DoJiggy Merchant Services provides payment processing solutions for your business when and where you need it. Whether that’s at your retail store, your online shop or services website, at a fundraising event or client call…we’ve got a credit card processing solution for you.

Kari Kiel

About Kari Kiel

Kari Kiel is the Marketing Director at DoJiggy. Her passions are branding and marketing communications and she holds a MBA in Marketing from the University of Colorado Denver.

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