Choosing the Right Payment Processor for Your Retail Business
A step-by-step resource on how to find, vet, and negotiate with payment processors
Choosing a payment processor (sometimes called a “payment provider”) is a critical step for any retailer. A standard payment processor enables you to accept credit and debit cards in your stores — but the right one can speed up your checkout process, make accounting and reconciliations easier, and even save you money. Ultimately, these factors contribute to higher store productivity, happier customers, and a more successful business.
This is why it’s so important to take your time when selecting a payment processor. In this guide, we’ll walk you through the steps you should take to find, vet, and select the best payment processor for your retail business. We’ll discuss the questions to ask, the factors to consider, and the steps to take to successfully get on board with the right vendor.
By the end of this guide, you’ll understand the importance of payment processors for retailers, and you’ll gain the confidence to choose the right one.