The PCI Security Standards Council has made compliance fairly easy by dividing it into four basic levels. Figuring out where you fit in isn’t difficult either.
Picking a payment processor is kind of like going on a first date. You’re nervous because you don’t really know what to expect until you open that first statement, but you have high hopes you got it right with this one. Payment processing may not be one of the most exciting services to research and set up but it’s probably one of the most critical to your businesses’ success. After all, if you can’t accept credit or debit card payments, and do so seamlessly, your customers are going to start complaining. And, relying on checks may work for some lines of business but most dental offices, optometrists, veterinary clinics, etc. are dealing with slightly higher ticket charges where customers may need the flexibility to charge it and pay it off later. So let’s break down the good, the bad and the ugly of payment processing services out there and nail down what you really need to know in order to make the smartest choice for your business.