Choosing A Better LenderChoosing A Better Lender

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Choosing A Better Lender

A few months ago, I realized that I simply couldn't borrow money from my parents anymore. In addition to tapping the resource dry, they were also starting to look a little uncomfortable anytime I was around--even if I wasn't asking for cash. I realized that my financial problems were my own, and that I shouldn't rely on my parents to keep bailing me out. To fix my finances once and for all, I decided to look into choosing a better lender. I found a great bank in town that felt comfortable lending me the money, and they were nice to work with. This blog is all about knowing what to ask and how to choose a lender.


4 Helpful Tips For Choosing A Credit Card Processing Company

If you are planning on running a business where you sell products, you will need a way to process credit cards. Whether you are processing them by swiping them in person or with online transactions, choosing the right credit card processing company is a big step. Here are some tips for choosing a reputable credit card processing company.

Know What Fees Are Charged

This is one of the more important things to find out about the credit card processing company, because each one will have a different set of fees being charged. You don't want a company charging a fee for extra things like getting monthly statements or canceling your account with them. These things should not come with extra fees. If you can't find a credit card processing company that doesn't charge certain types of fees, look into how much the fees are. Never sign a contract without knowing what you could be charged extra for. It is a great way to narrow down your results.

Look Into Accepted Payment Types

Naturally, the more types of credit and debit cards that are accepted by the processing company, the better they are. You want all of your potential customers to be able to complete the transaction, even if they don't have a VISA or Mastercard credit card. Look for one accepting other major credit cards, as well as debit cards. You might also want one that accepts digital gift cards and EBT cards as well. When looking into the payment types, find out if fees are charged for using certain types of cards, such as a debit card.

Learn About the Application Process

You likely want to get your credit card processing equipment as soon as possible, so find out early about the application process of each company. Find a company that wants to make it quick and easy for you, so you can get to running your business faster. Some companies want to see where you do business and might even require a visit, so it is best to avoid those. Look for companies that have a quick, yet secure application process. Keep in mind they will often require proof of your business, including a copy of your business license and possibly previous tax returns.

Find Excellent Customer Support

This is also an important factor to consider, since you might need to contact their support team in the middle of the night. You want a credit card processing services company offering around-the-clock support staff waiting to help you, whether it is a weekend, holiday, or late night issue. This may be available in online or phone support.