Differentiating Credit Card Processing and Merchant Services
"Credit card processing" and "merchant services" are words you'll often hear once you deal with business and payments. And sometimes, they are used interchangeably because they seem synonymous. But in fact, they're not. They both involve payment processing for your business, but the similarity ends with that.
A credit card processor, sometimes called a payment processor, ensures prompt payment to the merchant by directing the transactions to the bank or financial organization. They also offer customer support, But ultimately, you can only rely on them to manage transactions.
Merchant services are so much more than that. They get involved in your business, get to know you and your business needs and provide the best, appropriate solutions and innovations. It’s a relationship with merchant services. And this offers many benefits for your business.
Here are some of the benefits you can get with a merchant service provider:
Access to experts.
Everything about payment processing that is confusing to you will be simplified and handled expertly.
Because the merchant service provider, like us at PaymentsChamp, wants to form a good relationship with the business owners, the best, affordable rates will be offered.
Assistance with compliance.
PaymentsChamp is not lawyer and can’t get you out of trouble if there are legal conflicts. But we believe that keeping you out of danger from the start is another thing, and that’s what we do.
Merchant service providers are usually up-to-date with the latest fraud and data theft trends and how to counter them. This helps the merchant be informed better on what to watch out for on threats and defense.
Reliable support. Sometimes, issues come up at unexpected times. Having a reliable merchant service provider that sticks by your side no matter what time of the day it is will help you solve issues and could potentially save you money, too.
It’s important to note that not all merchant service providers are the same. But here at PaymentsChamp, we strive to give you the best merchant and service provider relationship you could ever have – like family!
PaymentsChamp is managed by a small family, joined by payment solution experts, that has a lot of space in their home to welcome you as their member. And just like family, you can always rely on us to help you and guide you all throughout your journey to your business’ success like a champ!