Payment Processing for the Hotel Industry

How The Payment Processing Industry Will Change in the Coming Years?

Several years ago, businesses only took payments from customers in the form of cash or a check. Some companies wouldn’t even take checks in the fear that they may not go through due to the customers not having enough funds available. Now, technology has changed making it possible for customers to take other forms of payments in order for them to go through faster. They are guaranteed the funds immediately with the use of a merchant account.

A merchant account is used for businesses to accept credit cards. Credit cards can be given to the customers in many forms. A customer may receive an unsecured credit card, a secured credit card, pre-paid cards, or even a debit card linked to their checking account. All of the cards will have major credit card logos on them. Those logos can include Visa, MasterCard, Discover, or American Express.

Businesses do not have to accept all major credit cards. They can only accept the ones that they are willing to pay fees for. Each type of major credit card will have a fee that is charged to the business each time they run a transaction. The fee will be based on the merchant account they choose to go with. They must look at the fine print of the merchant account agreement in order to know what the fees are going to be. Usually, when a credit card is charged, the fee will be a set amount plus a percentage of the transaction amount that is being processed.

Businesses will be open to more opportunities to sell their services or products online. This will open them up to more potential sales, and they can sell in more areas besides the location they are located at. As soon as the customer submits their payment information, they will be able to know if their payment will be accepted or denied in a matter of seconds. If the payment is declined, the customer will have to find another form of payment in order to make the transaction. This helps businesses by ensuring that they will receive all funds that are due to them.

Credit card payments can be taken online, at the location, or even on-the-go for businesses that do work all over. Businesses such as towing companies, food trucks, door-to-door salesman, and many others will be able to take credit card payments with a device hooked-up to their smartphone. This will help expand their business and keep the employees from having to carry around large amounts of cash.

The Basics of Payment Processing

New business owners or small businesses that only accept cash or checks may be wondering how they can start taking credit card payments. Credit cards payments are a great way to bring in more revenue and to increase sales that are made in the business. The business can also build a website to offer their products on and process credit card payments. Businesses that handle services instead of selling products can also benefit from merchant accounts with their online sites. They can set up payment arrangements with their customers and have them login to their website to make a payment with a major credit card. Any credit card payments made to the business would link back to their account, and the business would receive their money immediately.

Credit card processing is quite simple. There are several ways that it can be done. The merchant account can be set up online to process payments from an online site. There are also card readers that can be used on a computer or smartphone that will allow the business to swipe the credit cards. Once the credit card is swiped, the business will be able to put in the amount that is going to be charged to the credit card. Within a few seconds, the employee will be able to know if the credit card will be approved or declined for the purchase.

Each transaction that is processed through the card reader will be charged a fee. The fee amount is going to be a small percentage of the charged amount plus a set fee. The fees are based on the brand of major credit card the customer is using. Each credit card processing company sets their own fees and will explain the fees before the services start. Most companies will provide the card readers to the business for free. They may have a set amount of readers that they will provide the business.

When a business starts accepting credit cards, they will find that more customers are going to be able to buy their products or use their services. Individuals are starting to do away with carrying cash. Bank accounts are giving individuals the option to use a debit card to link to their bank account instead of having to write checks or carry cash. If businesses wants to see a huge increase in profits, they should highly consider getting credit card readers and starting merchant accounts.



It took me a while to decide who I wanted to settle with to handle all of my credit card transactions because every company wants to make it sound like they're offering you the best rates. was able compare and beat all of the other offers I received. They were also able to provide me the fairest price on my EMV-compliant terminal. My sales representative and the support team were there to assist every step of the way. Ultimately, I'm looking forward to a long term relationship with this company.

Roland Tran from the Hong Kong Kitchen

It is a pleasure dealing with these folks. Their pricing is fair, their statements are understandable and their employees are knowledgeable and friendly.

John MacMillian from the Great Lakes Baking Company

The service was very professional, my sales person (Steven B.) was very well versed in the product and most helpful in getting our company set up to accept credit cards via my cell phone. Their rates are some of the lowest on the market and their service is unparalleled. I will recommend them to anyone requiring a credit card processing service.

Michael Harper from Deluxe Auto Body

Jonathan C. is wonderful to work with. He is very helpful, accommodating and resolves any issue quickly. It is hard these days to find someone who gives great customer service, but I can say, Jonathan is the best! I would not hesitate to recommend him to any business owner and to assist you in helping to grow your business.

Linda Garner from Regali Da Forno

I called indecisive about getting a device, but speaking to your Sales Consultant completely settled me. He was very professional, knowledgeable and patiently walked me through the process. He always responded to my voicemails and answered all my questions. After I received my merchandise, he called following up to ensure that I had received it. Customer service I would say is 5 stars. Stellar! Thanks Credit Card Processing, I will definitely recommend you.

Sarah Morgan from Vision International Ministries
Call Us Today! (866) 837-0751

© 2016 All rights reserved. Privacy Policy
CREDITCARDPROCESSING.COM, LLC is a registered ISO of Wells Fargo Bank, N.A. Walnut Creek, CA

*Further terms and conditions may apply. Promotion contingent upon's receipt of written competing offer(s).

**Certain restrictions may apply.

Promotional offers brought to you by

Call (866) 837-0751 for details.