Small Businesses with Transnet
In order for a small business to flourish, a customer must be provided with a convenient sales experience. TransNet provides that platform of convenience that a small business needs for customers who choose to pay with a debit or credit cards.
The U.S. Small Business Administration has advised that a small business may be missing out on sales for accepting cash only payments. In addition, according to Javelin Strategy and Research, the majority of transactions are performed with a debit or credit card payment. The number of electronic payment transactions is expected to rise by 33% in 2017.
Accepting Credit Card Payments will Increase Success
A new window of opportunity opens when a small business accepts credit and debit card transactions. A 2011 Market Watch report shows, 60% of point of sale purchases were completed with a debit or credit card. In addition, different studies indicate that when the consumer is able to pay utilizing a debit or credit card, the likelihood of them making an impulse purchaseincreases, and they may also even spend more. Debit and credit card payments are more secure and easy for the customer to make enabling them to use it even more.
Merchant services from TransNet
Commonly, when a small business accepts credit and debit card payments, a merchant account is assigned to the small business. This merchant account serves as the processor. The credit or debit account funds the transaction, and those funds are then transferred unto the merchant’s account. This merchant account is attainable once you apply with TransNet.
Different business types demand different equipment for electronic payment processing. POS terminals and card swipers for mobile payments are available at TransNet. E-commerce services may also be set up for online purchases.
Let’s Get Started
Transnet Enterprises customizes payment processing products and services to meet the specific requirements of
your business from start-up to success, regardless of industry or size. We want to help you reach your business
goals. Please let us know how we can help you by email us below or calling us at (844) 329-1136 for sales inquiries.
A local representative will contact you within 24 hours.