Are you a business owner looking for a payment processing solution? You are not alone: accepting credit cards and other payment methods depends on finding the right payment processor.
Here's what merchants need to know about to take control of their payment process solutions and choose the right vendor.
Focus on security, fraud tools, compliance, transaction reporting and integration
There are a number of factors that affect this decision-making, but there are four core areas to focus on when researching your options.
Security is an overarching consideration, as you will need a provider that is compliant, vigilant and experienced. Payment mix is also important, as digital currencies, mobile payment and smart options become more popular.
As to the business relationship itself, be wary of low-quality transaction reporting or lack of integration help. The best fits will distinguish themselves by offering flexible pricing models, APIs and resources for integration.
Want to learn more about these considerations in decision-making?
Download our eBook "Taking Control of Your Payment Processing Solutions" today or reach out to Comerica Bank.
This information is provided for general awareness purposes only and is not intended to be relied upon as legal or compliance advice for your business.
This article is provided for informational purposes only. While the information contained within has been compiled from source[s] which are believed to be reliable and accurate, Comerica Bank does not guarantee its accuracy. Consequently, it should not be considered a comprehensive statement on any matter nor be relied upon as such.
Comerica has partnered with Worldpay, LLC to provide credit card processing. Merchant Services are offered through Comerica Bank. Ancillary services are offered through Worldpay, LLC or other service providers and may require a separate agreement with those service providers.
