How to Choose a Payment Processor

How to Choose a Payment Processor

Choosing a payment processor is no insignificant task. These pointers can help!

Your home improvement business provides incredible value to your customers. Your home improvement services allow people in your community to enjoy their homes more and increase home value. However, you cannot afford to deliver this value without the ability to get paid. Pure Finance Group offers a payment processing program with your best interests in mind, but how do you know what a great program looks like? Here are a few tips on how to choose a payment processor.

What Is a Payment Processor?

A payment processor is to go-between between the customer and the bank to check that the customer’s payment method is reliable and viable. It will check that the payment method is valid and that they have enough money in the bank to make the transaction. You can learn more about how it works here.

How to Choose a Payment Processor

Look for Value & Low Costs

Everyone wants to spend as little as possible and still get the most value. Even so, that does not mean you should choose a payment processor with the cheapest fees. All payment processors will charge a setup and monthly fees, in addition to certain fees that come with each transaction from the customer’s bank, the merchant’s bank, and the customer’s credit card. The goal should be to find a payment processor that gives your company real value in its services at the most reasonable cost.

Look for Flexible Payment Options

The more options you give your customers for making payments, the more customers you can reach. Whether your customers pay by cash, credit, debit, check, or peer-to-peer like Venmo, your payment processor should give you the flexibility to choose however many payment options you’d like.

Look for Payment Processing Security

Security concerns are very real when it comes to digital payments. Your payment processor should also have robust security against payment fraud. Common ways a company might add security include protecting customer payment data and using verification services and anti-fraud tools. Pure’s payment processing program keeps a record of payment activities and profiles to help secure customer payment data. If you have questions about our payment processing services, contact us!

Pure Finance Group Is Here to Help!

Thank you for your interest in Pure Finance Group. We’re so excited you’re here. For more information on how our lending services can help you with your home financing needs, give us a call (410-401-4957) or fill out the form on our contact page today. If you have a question about any lending services we provide including home improvement loans, we are here to help answer all your questions. Just give us a call (410-401-4957) or contact us today. To keep up-to-date with the latest financing tips and solutions, keep in touch with us on Facebook and LinkedIn!

This entry was posted on Friday, December 16th, 2022 at 3:11 pm. Both comments and pings are currently closed.