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July 25, 2008

Should I Accept Credit Cards By Phone?

Filed under: General — admin @ 7:16 pm

There are many different business types that accept credit cards and each one should be sure to have the appropriate corresponding merchant account to fit your needs.  Having the wrong fit could not only cost you more in processing fees but also cause you to lose customers.

Accepting credit cards by phone is a perfect example.  This type of service allows you the merchant to use your cell phone at any time and any place to do a credit card transaction.  So of coarse that is an immediate advantage over a typical land-line merchant account.  Not to mention the savings in credit card machine costs and so forth.  But, are their disadvantages?

There are if this is not a good fit for your business.  If you have a large business or a business that needs to run a large number of transactions each day, then you will want a physical terminal, whether it be a wireless terminal or land-line unit, to keep pace with a large number of customers.

So, what kind of businesses would benefit from having DialPay type of account?  Below is a list of just a few.  There are many more but these may give you an idea of what makes a good match…

Contractors
Attorneys
Taxi Drivers
Flea Markets
Consultants
Small home based businesses
Websites that want to sell some items offline on occasion
Crafts Sales
Moving Companies
Vacation Home Rentals

As you can see, these are small business that do relatively few transactions each day and can also benefit from accepting payment in different locations.  If your business is similar to one of the ones listed above, it would be good to consider the cost savings and added sales opportunities that go along with this type of small business merchant account.

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1 Comment »

  1. cell phone credit card terminal…

    I found your post comments while searching Google. Very relevant especially as this is not an issue which a lot of people are conversant with….

    Trackback by cell phone credit card terminal — December 24, 2008 @ 7:07 pm

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