How to Accept Credit Card as a Means of Payment

The history of business begins with a cash-based business. Over time because of the high susceptible risk of cash to theft and loss. There are inventions of new technology and they are new ways of making payment which reduces the carrying of cash. Nowadays, people do my carry cash rather they use debit or credit cards to make is noticed by merchants that people spend more with their credit cards so there is need to business to allow credit cards as a means of payment.

For any business that wishes to accept credit cards needs to be aware of the below details.

How to Accept Credit Cards

There is a need to create a merchant account before any business can start to accept credit cards. The merchant account is different from your bank account and it is coordinated by a Payment processor. This account stands as the agreement between business, the merchant and the payment processor on how they will treat credit cards transactions. After the merchant account opening, the next step is to get the hardware and software for card processing. These need to be in accordance with the payment card industry security standards. contactless credit card machine are more popular today.

Point-of-Sale Terminals

The point of sales terminal is mostly used by retailers to accept credit cards payments since the card is available and there is correct input of the PIN. It is better to ask an expert to decide the best point of sale terminal that will suit your business.


Internet is needed for any credit card transaction. Either making a payment on an online shopping platform or physical card at the point of sales. For payment to be possible online shopping platform, there is needed for internet connection. This will aid the conversion of your PC or Laptop to a virtual laptop. Swiped credit card tran6can also be done on the web browser since the internet is available.


For mobile credit card processing. The smartphone or tablet is turned into a handheld terminal that functions just like the countertop POS version. Since you have a merchant account for the mobile processing. What you need to do is to get the application and start to accept credit cards payments in an easy and less stressful way.


There is a need for you to have software for your credit card processing for ease in tracking transactions. The software tracks all transactions whether it is done on the web or done physically at the store or via swipe or wireless transactions. It is advisable to meet an expert to advise the best software needed for your business to enable credit card processing. This is essential as it makes it easy for a business to accept credit cards as a means of payment. Contactless credit card machine is more popular today.

With the above, you should be well informed of the information needed for a business to be set for accepting credit cards payments.

To get more detailed information on a merchant account, kindly check out MerchantScout.