Credit Card Processing
If you’re like me and manage a small business selling a product or a service, you’ve probably struggled with credit card processing systems. I recently was pointed to yet another company offering these services; they’re website is located at http://www.advantageprocessors.com.
Seems like these folks do both high risk and low risk transactions for companies - however the credit card companies define ‘high risk’. Typically that’s for companies looking for MOTO credit card processing (MOTO stands for Mail order and Telephone Order). Having previously run a MOTO business myself dating back to the mid to late 1990’s, I’ve gone through these hoops a number of times. The fact is, the actual credit card companies don’t have a clue about risk and don’t evaluate individually at all.
I was one of the first 1000 companies to do online credit processing with Visa in Canada. Back in the day, companies like Advantage processors weren’t around and the credit card companies would put you through hoops. I used to have to fill out 25 page forms (seriously!) that included everything from my computer password protection, to how my ISP performed backups. Aaaah, those were the days. Nowadays I sign up with one company who handles all of my online and offline processing in one spot, for all my credit card companies. Companies like this proved a much needed interface between credit card companies and small businesses. The number of these types of companies helps keep this type of service competitive. Things have progressed a lot in the last 10 years in this area, it’s definitely been a boon to my business.