Additionally, a report published in April 2014 by the Federal Reserve identified that in 2012, debit cards accounted for 38 percent of all non-cash payments, credit cards accounted for 21 percent of total non-cash payments. The convenience of using credit and debit cards means customers are more likely to make purchases with them.
A merchant account allows a business to accept credit cards, debit cards, gift cards and other types of electronic payment. Before a business can begin accepting credit cards, applying for a merchant account and accepting the merchant processing terms are required. Once these steps are completed, your business will be able to accept credit cards in a variety of different ways:
Mobile credit card processing
Online payment processing
Point-of-Sale (POS) payments
Customer profile management
Merchant Nation Association has provided business owners with the support and trust they need for close to three decades. In that time, Merchant Nation Association has developed a variety of different products to help owners continue to move their businesses forward.
MNA offers multiple options so businesses can select exactly the type of payment processing solution needed: