Figuring out how all the moving pieces of a payments puzzle fit together can be taxing for any business, especially when onboarding merchant credit card processing.
What every business owner wants to be able to calculate is how quickly they can implement a solution in the most cost-effective, seamless manner that allows them to adopt new systems without disrupting their everyday business activities.
To simplify integrating merchant credit card processing, it can be helpful to take a page out the book from companies who’ve shown just how to adapt credit card processing for today’s modern payments ecosystem.
The New Age of Merchant Credit Card Processing
In today’s rapidly-changing environment, merchant credit card processing solutions are no longer just about accepting credit cards in their physical form. Instead, it’s about accepting credit cards in their digital forms — whether that be through a designated app or payment platform that enables for a faster, more secure payment process.
What the commerce ecosystem is seeing more of is retailers implementing and creating credit card processing solutions that rely on digital, mobile and in-app payment options.
The draw? Similar to the technology behind Apple Pay, merchants are looking for ways to simplify the checkout process, which means reducing the number of steps it takes to pay via mobile or online. As a result, big-box stores like Walmart, Target and Best Buy all have (or are developing) their own “Pay” solution to give consumers more options.
That same ease of use should be replicated in your own merchant credit card processing.
Innovating Merchant Credit Card Processing
Creating simpler merchant credit card payment processing start with embracing new technologies. This involves working with companies that offer faster onboarding of merchant accounts in order to speed up payments facilitation, which enables you to serve your customers better.
Through the implementation of new technologies that offer a seamless transition between new solutions, credit card processing becomes faster and easier to integrate across multiple platforms — whether it be online, in-store, or in-app.
Having the right credit card processing solutions matters for more than just handling the back-end of your business — it matters on the front-end when dealing directly with processing your customer’s payments.
Your customers expect their buying experience with you to be frictionless, which is why companies like Payline offer secure, flexible merchant credit card solutions that can be tailored to the needs of you and your customers.
In the end, what it takes to implement effective credit card processing is having a combination of the right partners, the right solutions, and the right technologies. That gives you the assurance that when the next wave of innovation hits the market, your business will be well equipped to integrate whatever solution needed to adapt to the fast-growing needs of your customers and your business.
Anna Kragie is a content contributor for Payline Data. She previously wrote for PYMNTS.com, as a Sr. Content Producer, where she focused on financial services and payments innovation, fraud and security, emerging payments, and FinTech news, research and thought-leadership content across the payments industry.