The dream of owning a company is something that many across North America and the globe strive to achieve. There is a freedom to being the boss of your operation, being the one to make the crucial decisions and delegate to others on your team.
But what many don't realize is all that goes into owning that business. The payroll, overhead, keeping track of any inventory, and more leave owning a business as something that can't be handled alone.
What is equally important is how a business receives payments. Cash is the standard, but as time and technology progresses, fewer people are carrying cash with them regularly. More customers are paying with credit cards, debit cards, and their smartphones as mobile payments become more commonplace.
What does a credit card processing company do?
Put as simply as possible, a credit card processing company acts as something like a middle man between the business and the credit card companies. These processing companies provide the machines that make it possible to use your credit cards at businesses everywhere.
These processing companies will process the transactions of your business for a fee. That fee is an essential aspect of your business.
Volume dictates your need for credit card processing
If you don't handle many credit card transactions or don't handle higher-dollar transactions may not require credit card processing services because of the fees involved. It may not make financial sense to accept those fees or percentages on each transaction if you aren't processing many transactions.
But if you handle a high volume, it makes sense to allow for credit card processing. The ability to accept credit cards instantly makes you more accessible to a broader amount of customers. The more customers you can potentially reach, the higher the potential revenue.
What are the reviews for Riverside Payments?
Riverside Payments handles several different services, credit card processing among them. Customers who have used Riverside Payments have noted that our customer service has been exceptional. Our staff assists every step of the way, providing knowledge and experience to alleviate any concerns that you may have.
Our staff excels in providing excellent service because service is what sets us apart from companies like us in the industry. We cannot expect to stand out if we offer less than the best service.
We even handle mobile payments
As technology has progressed, smartphones have added the ability to add bank and credit cards to a virtual wallet, allowing for fast and secure payment without having to swipe. Because of the relatively short time that these have been available, not all businesses carry that feature.
Allowing your customers to pay via the mobile option opens another avenue of convenience to them. The more comfortable you make it for the customer to make a purchase, the more likely they are to buy from you. If you are a cash-only company, it may dwindle your customer base down substantially.
Riverside Payments can bring your business into the 21st century, allowing for credit card processing through several formats.