What are the Advantages of POS Systems?

Witnessing the development of the technology, the task which was earlier handled manually is now taken over by the techniques. This has made life easy as with no human interference, productivity has increased with fewer to no mistakes. It has especially benefitted those fields which earlier required and depended heavily on a manual workforce.

The Introduction of the POS system is termed as an amazing innovation in the retail industry. it claimed its milestone when the merchants started using POS system for their operations, giving space for the development of the industry.

If you are looking for a reliable partner to help your business grow and flourish, then trust and contact Merchant Services Broker Solutions. It takes a lead as one of the best point of sale for small businesses.

POS System Advantages

• Easy Stock Management

Gone are the days when the staffs have to view the inventory physically. With the introduction of the POS system, the stocks are automatically checked on-screen. This has made the work easy and simple, for even if there are any adjustments or checking, they can simply view the screen and find the complete detail. In short, by getting aid from the top POS systems, you save time, energy, and less human error.

• Strengthen Efficiency

The POS systems have strengthened the confidence of the employees to a great extent. The staff will no longer have to memorize the product name or its price anymore, as all the information is available at a click.

This has made the customer service more satisfactory and aids in improving the stores potential revenue.

• Easy Tracking of Staff Actions

The best part about the POS systems is they help to keep track of the staff and their records. The staffs' are individually linked to a particular transaction, thereby supporting the managers to keep track of their staffs' sales records.

• Maintain Price Consistency

If you own multiple stores in various locations, then keeping the consistency of price becomes difficult. With the help of POS systems, one can access the digital product database so that the prices are automatically applied to all store locations.

• Accurate Reports

Based on the store's transaction history, the POS system will extract the reports along with its critical information. This function plays a key role in improving the performance of the business and helps to avoid repeating mistakes in future days.

Today, when technology is ruling the world, it is better to keep ourselves updated and grow with the trend. Only this way, one can survive in the industry. Make sure to put your trust only in a certified and reliable merchant service provider, who will help your business grow strong.

Finding the Right Credit Card Processor Company

It is always a difficult task to choose the right credit card processing company for your business. There are many things to be considered as the costs, security aspects, types of payments accepted, their reputation in the industry on their conduct among many of their customers, and many more before choosing the firm for your business. It always needs much attention when it comes to having an online payment business. Are you still confused about choosing the right company? Here is the list of some of the important factors to be considered before interviewing the top credit card processor companies in the USA.

Things to consider for choosing credit card processing companies for small business

Cost factor: the most important factor in a credit card processing company is the fees they charge. Usually, every company charges a particular amount for each transaction made which is about 0.5- 3 percent. It depends on the mode of payment that is the card, the transaction amount, and the mode of the purchase. It is important to have details on if there are monthly fees, a separate charge for payment gateway, or any other additional charges before signing the contract for more charges will be charged if you end the contract early with the merchants.

Process of setup: it is important to ask all the details on the set-up process that will be carried out by the top credit card processing company. The merchant has to make sure that the process being fast and trouble-less and to ask questions on the duration of the whole installation process and how long it will take to run up the system in the business and all. It is important to take notice that there is no much time taken by the process, for it could be risky and could cost from your business cost too.

Security: Handling a credit card payment is always a secure dealing for it is the confidential information of the customer. There have to be many things taken cared of to prevent any fraudulent activities during the transaction. Make sure to hire a company that is accredited with SSL certificates and CVV2 verification for the online payment process.

Types of payments: it is important to choose the top credit card processing company that offers all kinds of credit and debit card payments are on the list including prepaid and gift cards. Finding a company with a fair relationship with the customer in the industry and with the right customer support provider is very important. Choose Merchant Service Broker Solutions as it is one of the best credit card processing companies in the United States.

How to Find the Right Merchant Service Providers?

The solutions and services on which the business relies on payment processing from the customers are known as merchant service providers. The businesses of all sizes depend highly on merchant services for efficient and reliable payment processing. 

To find the Best merchant service providers for your business, you will have to know about its availability and the tools required for it to work perfectly.

To help you find the best merchant service providers, Merchant Services Broker Solutions, one of the finest service provider will help you with how you can find the one that will suit your business best.

Tips to Find the Right Merchant Service Providers

Merchant services can offer many things depending upon the business types. Each service varies accordingly for some may handle just merchant accounts whereas others may offer end to end services and processing.

The best merchant services are one which takes care of the majority of the business needs. Instead of depending on other services and tasks, you can just work with one service provider who will complete all your work from start to finish. These kinds of providers help in your business growth and take care of few regular tasks on their own.

Apart from this, the merchant services providers must offer,

Great Customer Care

Instead of depending on others for solutions and assistance, you must directly get connected to your service provider help team. They must always be at your service 24/7. The customer service team must be easy to reach and they must have enough knowledge and experience to help you solve your issues.

Your service provider must take your business seriously regardless of its size. Find the one which will help you anytime and anywhere and offer you the right help and assistance whenever needed.

Finally, trust and lookout for a reputed and reliable company. Your company must have a good name in the industry and must have positive reviews and feedbacks with its clients.

Security

Security is the most important feature. You cannot trust anyone with your hard-earned dollars. They must guarantee your customers' information safety and security. Also, they should have high protection standard to protect your business well.

Offers Flexibility

Flexibility is very important for newcomers. Since they are new in the field, they will be a little hesitant to work and invest with you.

Look out for a company that offers no long or short term contract. If the customer is satisfied with the service, then they can proceed ahead with the company. This will help greatly in building trust and confidence in the long business road.

Delivers Great Cost Value

Your company must provide you with honest costing services. The fees should be predictable, transparent, and reasonable. They must never hide any fees to give their customers a surprise in the future. You can find the best merchant service provider by giving importance to your business present and future needs. Note down the features that are important for your business growth and choose the firm accordingly.

Features to Look in Online Payment Gateways

The prime aim of the business owner is to make its customers' shopping experience positive and seamless. And so you invest in building an amazing website and purchasing quality web hosting. Every minute detail is taken into consideration and you have finally reached the finishing stage. This is the important stage which comprises of the checkout process. It is this stage that decides whether you will be attracting customers or losing them.

So what must be done to have a positive and easy purchase experience?

A right payment gateway which is the third-party application that helps in providing easy tools for processing payments. Before proceeding further, let’s first learn as to what exactly is a payment gateway.

Payment Gateway

A payment gateway acts as a bridge or connecter between the buyer and the seller. They process the inputted information which is provided during the checkout phase, facilitates the authorization, and then finally completes the payment transactions.

Many companies offer online payment gateway for website. But one must be careful choosing the right firm as failure would lead to business loss. This calls for Merchant Services Broker Solutions, as it is one of the best and trustable firms in the payment gateway world. Understandably, choosing the right firm is a difficult job. So, the experts of Merchant Services Broker Solutions present a few valuable tips as to how one must choose on the following basis.

• Security – With no doubt, Security is the most important factor in choosing the right online payment gateway. Make sure the company is reputable and provides a safe checkout for your customers. Consumers feel more secure when the security signage is displayed which is of trustworthy companies.
• Cost – Just like any services, online payment gateways also charge a transaction fee. Before getting attracted to any other payment gateway companies, do your homework and research for the company that offers low transaction charges and gives great quality services. The companies usually charge for a statement, transaction, merchant account fees, charge book, and more. So, investigate a little before you are attacked with surprise fees.
• Accepted Payment Methods – The easier it is for the customers to purchase, the more they are likely to return to you. Therefore, make sure, you offer your customers payment options to make their shopping experience easy and hassle-free.
• Compatibility – It sure plays an important role, for your gateway must integrate with the current platform. It must be customized according to the convenience of your site making it compatible for your consumers.

If you closely follow the above tips, you are guaranteed to find the best one. So best of luck choosing the perfect payment gateway for your business.

What to Know About Merchant Account Services?

 

Merchant Account Services in other words are banking services that allow the payments process through the electronic methods. It includes debit cards, credit cards, and mobile payments. Apart from the transaction processes, it also covers the software and hardware that is needed to facilitate the electronic transaction. This whole process is taken care of by the firm, better known as merchant service providers or MSP.

Out of many MSP in the market, Merchant Service Broker Solutions is known as one of the finest and reliable firms. It has been tagged as the best merchant service providers for its transparent and reliable services.

Merchant service providers are an important tool in businesses for it allows smooth and safe transactions. To present you in a simpler term, let’s break down the credit card transactions process.

The processing of credit card involves three stages. They are as follows.

• Authorization – The customer first initiates the payment which is done either by the online or in-store method. The processor then sends the transaction data to the credit card firm. The information is then passed to the issuing bank, after which the bank either approves or declines the payment process accordingly.
• Settlement – The authorized transactions are sent to the payment processor company. The issuing bank also called as the customer bank charges the account of the customer for the purchase made.
• Funding – The funds are then transferred to the business owners' bank which is usually less than the interchange fees. Finally, the bank deposits the amount in the minimum period of 48 hours.

Qualities to Look for Merchant Service Provider

• it must support your transaction type such as Apple Pay, Google Pay, etc.
• transaction fee charge
• customer support
• waiting time for your funds
• PCI compliance
• Analytics and reporting features
• Quality ratings and reviews
• Easy to use and understand

These are the least features one must expect in the merchant service provider company. To know more about it, contact MS Broker Solutions, they are ready to aid anytime and anywhere.

Difference between Payment Gateway vs. Payment Processor

One of the most prime links in the chain of payment processing is the Payment Processor and Payment Gateway. A business person sure must have come across these terms many times, but do you know what it actually is and also its differences?
Your doubts will be cleared by the experts of Merchant Services Broker Solutions. With a lead in the industry of top payment processors, the company explains starting with four parties’ classification.

• The customer
• The merchant
• The bank that issues the debit card or credit card to the customer and
• The acquiring bank receives money from the customer's issuing bank.

Both the Payment Processors and Payment Gateways play a different role but both are very vital in accepting the payments from the credit card.

Payment Processor
The transaction execution is carried on by the payment processor by transmitting the data between the merchant, you, acquiring bank and the issuing bank. The work of the payment processor is to provide the machines that involve credit and debit cards along with other related equipment that is needed to use the payments done through credit card. If you want your business to accept a credit card, then you need to set up with a merchant service provider. There are many best payment processors companies in the market, but one must make sure about its authenticity and services before finalizing the deal.

Payment Gateway

A tool that helps in transmitting the online payment with absolute security to the transaction cycle is called the Payment Gateway. It is mostly used for eCommerce business and can term as online POS terminals. Just like the payment processor companies in the market, the business owners are also given an option for online merchant account providers. The difference between both the Payment Gateway and Payment Processor is one communicates the decline or approval of transactions while the latter one aids in the transaction process.

A Quick Guide to Merchant Account Providers

The significance of being an active and profit-attracting cog in this sophisticated and almost cashless society is likely to be discerned by business owners who utilize online payment methods for their daily purchases. 

However, for a business to be capable of accepting online payments requires them to own Merchant Accounts. Young companies who have just begun their career may not have enough information regarding merchant accounts and their setup.

Merchant accounts are separate from your usual business accounts. They act as an intermediate account into which funds are transferred during the online payment. You will not have any direct access to your merchant account. Funds from the merchant account will be transferred to your usual business account within 3 working days. 

How to Avail a Merchant Account

Setting up a merchant account requires you to associate with Merchant Service providers who facilitate the services required to help you accept online payments. Signing up for a Merchant Account furnishes some additional facilities like processing the payments, online reporting features, security based PCI compliance and others that can be availed with an extra cost.

Investing in the best merchant account providers requires careful and in-depth consideration regarding the features they furnish. Unfortunately, the payment processing industry is not as transparent as it may appear. This holds true for many merchant account providers plying their trade. 

However, there do exist reliable and trustworthy Merchant Account and Service providers like Merchant Services Brokers Solutions, who streamline all their efforts into tailor-making the perfect solution for your business needs. 

What to expect from a Merchant Account 

 # Cost: Merchant Accounts are an ideal option for businesses with mid volume or high volume sales; the costs are usually negotiable.

# Value:  Depending on their market reach, Merchant Accounts sometimes furnish the necessary software and hardware at no additional cost.

# Setup: This can take a couple of days.

# Reliability: Merchant accounts do not terminate without prior notice and the funding is not held back due to any reason, this is their primary reason for being reliable in an unpredictable market.

# Support: Customer services are available during work hours and dedicated managers are willing to accommodate customer complaints and concerns after work hours.

# Versatility: Merchant accounts are easily integrated with third party Software and Hardware. 

# Commitment: They charge setup or closure fees but otherwise do not ask for early termination fees.

Merchant services provide stability which is a highly coveted feature when browsing through the top merchant account providers for small business. Merchant accounts may seem complicated and expensive in the beginning, but give it sometime, and you will realize the long term benefits of having invested in one, through a suitable merchant account provider.

What is meant by online credit card processing?

The online store mainly deals with several ways when it comes to accepting payments. The business can be made even more top-notch when you use this online credit card payment processing to increase your credibility. Even casual shoppers can become paying customers. But there are certain things which we might be unsure about like the cost or using a merchant account or the application process.

There are certain valuable things that you should keep in mind before choosing the best online merchant account. There is a lot of information that you should know before accepting payments online. Be it seeing the reference specific sections or reading the entire thing, it is all entirely important to know these questions.

• What do you understand by online credit card processing? How and why is it important?

• Besides PayPal what is the need to use the online merchant account?

• How the entire process of accepting online payment work properly?

• What is the type of fees and the costing required for it?

• What are the things that should be paid attention to when you opt for an e-commerce credit card processor?

What do you understand by online credit card processing? Give its importance.

Online credit card processing helps you to accept payments from the customer with the help of debit cards or credit cards and they happen through online stores also. When one purchases through the e-commerce site, they can just swipe the card to make the payment. For online processing, no physical terminal is required. It mainly takes place over the Internet and a payment gateway and payment processor are required. You can share the information over the web and receive the customer payments correctly.

Overall sales are very important because the main reason behind it is to collect money from the customers. So online payment is important so that you can grow your online store.

The main advantage of it is that unlike a retail store, you can accept the payments any time of the day and can reach shoppers all over the world. It becomes much more convenient for the shoppers and they will be able to pay in actual real-time without any kind of delay. This way your business becomes even more legitimate and builds proper credibility like the big retailers.

The e-commerce credit card processors usually provide you with security protections, so that you can save yourself from security threats and any type of fraudulent orders. All the sensitive information is protected so that you do not face any kind of trouble from the cybercriminals. With the help of the online store, you can easily increase your sales. It is a comfortable method from where the customer would try to purchase, especially from the e-commerce site.

An online merchant account increases customer convenience and helps to receive the payment faster. One can get personalized support and help to sustain business growth. You can easily know the perception of your customer, on your business as well as on your brand. It makes the online business looks even bigger and better.

What Are the Top Credit Card Processing Companies?

You have finally decided to accept payments through credit cards. But you sure must be confused as to which company to trust as there are many credit card processing services in the market.

The first and foremost point to remember is that not all the credit card processing companies are the same. They are different in their working process and everything alike. That's makes it more difficult for small business owners to decide for the processing company.

One cannot just select any random company for their business for it will affect everything in your business. It will affect everything from fees, level of performance, customer experience and many more. A small coffee shop and a giant e-commerce merchant cannot be using the same processing company because everything may vary accordingly. Therefore, depending on your type and size of the business, the credit card processing companies must be selected. 

Let’s take a look at some of the Top credit card processing companies that will guide your business.

Merchant Services Broker Solutions

No doubt, the Merchant Services Broker Solutions tops the chart for one of the best credit card processing companies for small businesses. It is known for its dedicated customer services and believes in transparent, simple and reliable services. The company is popular to provide varied technology solutions as per the business requirement and needs. The company provides a solution and integrates for all types of systems like the ERP, CRM or General accounting system. It is one of the simplest, most preferred and easiest payment services popular all over the world.

Square

Square is used by more than 2 million people around the world. It processes online payments on the go, through invoices and also manually over the phone. The best part about Square is it offers a built-in POS system making it stand out from the crowd. It is also popular for its fastest service and the transaction is completed within 2 days' time. Square does not charge monthly fees, startup fees, statement fees, authorization fees, cancellation fees or other standard fees making it the most favored processing company for the business owners.

Stripe

Stripe is specifically built for the developers. The users of Stripe have experienced simple and easy usage, faster service and also offer varieties of solutions. It is also very popular for their customer service available 24/7. The next best part about Stripe is a built-in system for the fraud protection that will aid in managing and avoiding commerce chargeback.

Helcim

Helcium is a one-stop service solution for online stores and retail locations. It tops the list for its transparent services and charges below average fee for its customers. It is based on monthly contracts and does not charge any fee for cancellation. It offers a plan according to your business type and your convenience. It is arguably the best processing service for the budgeted small business owners and you will know the reason through their interchange structure of pricing.