leappayments1Without a small business merchant account these day, one cannot count on making a profit. That’s because with the wide use of credit cards, debit cards, gift and loyalty cards and so on and so forth, accepting only cash is just not good for business.

As with all things in life, there are pros and cons, and as most merchants have experienced, one has to wait for up to 30 to 45 days to receive a payment, thanks to the delays caused by most conventional credit card processing merchant services.

However, most small businesses are already at a disadvantage without realizing it. So here are few ways by which a merchant can determine whether the services he is currently using or is planning to use is the best for him.

1. Expensive startup fees are something that most merchants can do without. Only the best merchant services go easy on their small business clients in this regard.

2. Most of the free services that merchant services offer have hidden fees. Remember, everything comes with a price. Getting a low cost from your merchant services is realistic while getting something free isn’t.

3. A customized solution for each customer is a must, and will work to the advantage of the small business customer who needs it most.

4. Lastly, if you are a small business customer, and you have to wait for a period for your transactions due to a company’s merchant account processing rules that need to be processed while paying additional fees because your business does not transact in volume as much as big businesses do.

Then it’s time to switch your merchant services provider.