Starting a small business can be a thrilling, exciting endeavor, but it’s not without its fair share of challenges and obstacles. For how rewarding a small business venture can be, it can also be equally stressful and terrifying. In today’s climate where competition is strong in virtually every industry, small business owners need every tool they can possibly have up their sleeves.
That’s why it’s a boon for small business owners to invest in a reliable, versatile merchant system which can serve their clients well today, and safe-proof them for the future, which is becoming increasingly more digital.
For a while now, payment systems have mostly just dealt with cash and credit cards, but with the rise of the internet and smart technology, there are many more ways to pay for things, and it’ll be advantageous to you, a business owner, to have an online payment system in place which will be able to accept all forms of payment.
Here are some of the reasons why having a flexible merchant service can be great for your business:
It Provides More Options to Clients
Most business owners will find that the overwhelming majority of customers prefer to pay “the old-fashioned way,” which usually means cash or credit card. These payment systems are tried and true — but there are many more ways to pay now, which don’t involve handing over physical tender that is collected or swiped.
Payment systems such as Google Pay and PayPal store a client’s info in a secure online database. When vendors have compatibility with these systems, it means they can pay on the fly with their smartphone, even if they left their wallet and credit cards behind. If this is the only way they have to pay, you might end up losing a customer if you don’t have a payment system in place to accommodate them.
At Envision Payments, our credit card processing systems for small businesses are designed to be compatible with every up-and-coming form of payment. This means that you won’t have to worry about losing customers! It can be strange getting used to these new systems, especially if you’re one who’s grown up with nothing more than cash and card — but you’ll be grateful to have a flexible online payment system when you have customers that need it.
It Futureproofs Your Business
Every business needs a solid, reliable payment system. Whether you’re a utility company who is collecting monthly payments from thousands of people, or a simple brick and mortar establishment with a counter checkout, there’s no way around it — you need to be able to accept people’s money with a system that you can count on to be safe and secure.
If you work with Envision Payments, we’ll make sure that your payment system is equipped for the future. Like we mentioned above, there are countless ways to pay online now, and you don’t want to be the business that gets stuck in the past while everyone else is moving forward.
Sure, there may not be a lot of people right now who are paying their monthly utilities via Facebook Chat. If you’re reading this, you may not have even known that’s possible. But it is a thing, and you can bet more and more people will be doing it in the future if they have the chance!
With a small business, innovation can be the difference between life and death. Companies have failed in the past because they failed to adapt to changing technological trends. Do you want your business to go the way of Blockbuster, or become the Netflix? Your online payment processing system can be a factor in that.
Another boon of flexible merchant services is that they’re friendlier to the customer — something that is extremely important if you’re handling their money. The more complicated a payment process is, the more distrust it sows in the client. If you want them to trust you with their money, you’d better hope your payment system isn’t slow, glitchy, or convoluted. People like to jump to conclusions, and if your payment system doesn’t work well for them they might assume they’re getting scammed, especially if your small business hasn’t built a name and reputation for itself yet.
We also design our online payment systems to be beneficial to your clients. Take OrbiPay for example, our online utility bill payment system. With OrbiPay, clients have an easy-to-use customer portal where they can track their payments, customize their payment methods, and get quick access to customer service representatives. This can go a long way towards helping them to feel at ease with your business!
We’re living in an age where everything is becoming easier, faster, and simpler. If you’re behind the times with an archaic system, you can bet it’s going to put your clients off. Don’t be that business!
The Logistics Are Easier
Another advantage of a quality payment system is that it will make the financial logistics on your end easier to handle.
We have in-depth online reporting tools which will give you comprehensive details on all aspects of the transactions you’ve performed. Do you want data on authorization, settlement, reconciliation, and chargeback information? Do you want to see how many transactions you’ve handled, or conduct searches based on specific criteria? Do you want payment remittance, batch details, and deposit reports?
Our online reporting systems have all of these things, presented in ways which are easy and intuitive to understand. They’re designed to make payments as easy as possible for your business, and if you ever need to dive into the finer details, you’ll find that it’s exceedingly easy and intuitive with the tools we provide at Envision Payments.
Credit Card Processing For Small Businesses
Do you need some quality merchant services? We provide countless ways to provide credit card processing for small businesses, online payments, customer portals, and more. We’re confident that both you and your clients will love the payment systems we provide. Once they’re in place at your business, you’ll find that payments are one less thing you need to worry about. Want to learn more about our merchant services? Contact Envision Payments today!