Accepting Debit And Credit Cards

Accepting Debit And Credit Cards

Introduction

Accepting payment by credit and debit cards is the norm for many businesses - particularly those selling to consumers.  Cards are a convenient and flexible way for customers to pay and they are essential for telephone and online sales.

Accepting credit card payments has a number of advantages for businesses, from opening new sales channels to reducing the need to hold cash.  However you should check on transaction costs and balance these against the increased revenue you may gain by accepting cards.  You also need to put precautions in place, as credit card payments can expose you to an increased risk of fraud.

This guide outlines the advantages of accepting credit and debit cards in your business.  It explains the steps involved in setting up the necessary systems and the actions you can take to avoid fraud.

• Advantages and Disadvantages Of Accepting Payment By Card
• Credit Cards And Charge Cards
• Accepting Card Payments - Steps Required
• Opening A Merchant Account
• Card Payment Process
• Card Merchant Transaction Fees And Charges
• Card Chargebacks
• Fraudulent Card Payments Safeguards