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Reduce the Stress of Processing Payments as a Small Business

Choosing the right payment processing solution for your business can seem like a daunting task. Having the right option in place can help you save time and money while also alleviating some of the stress you have as a small business owner. Here are a few tips to help you find the right payment processing solution for the way you do business.

Know your customers.

As payment trends change, some consumers will be quicker to jump on the train than others. Knowing who your customers are and how they prefer to pay will help you make the right decision for your business and ensure easy transactions for the people you’re targeting.

Set up security measures.

Digital payment processing stores so much data about your customers and they trust you to keep it secure. A breach of that not only harms your business’s reputation, but it also harms your customers. When you select your payment processing solution, do your research on the security measures they have in place to protect your customer’s information and make sure you have some of your own set up as well.

Choose a pricing model that fits your business.

There are a variety of payment processing solutions with different pricing models. The way your business operates and how many transactions you run a month will help you understand which model will be the best for you. Make sure to do your research so you understand all your options before you you’re your decision.

While your bottom line is important, your decision shouldn’t be made solely on price alone. Make sure you also research the technology used, customer support offered and processing speed available to make a holistic decision that will best benefit your business.

Choosing a payment processing vendor is an important decision for your business. Teaming up with your bank will help you work with a partner you already trust who has the knowledge to help you find the best fit for your business. At First State Bank Nebraska, we partner with Fiserv to offer you a variety of merchant processing solutions with dependable service and competitive rates. Contact your local branch or visit us online to learn about our Merchant Processing solutions.