Choosing a Credit Card Processor

As a business owner, it is important to choose a credit card processor that meets your needs and helps you maximize your profits. In this blog, we will discuss some factors to consider when choosing a credit card processor, as well as how Penni Payments can help businesses in Vancouver save money on their bottom line.

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Pricing

One of the most important factors to consider when choosing a credit card processor is pricing. Credit card processors typically charge fees for their services, which can include charges for equipment rental, software licenses, and transaction processing. It is important to compare the pricing of different credit card processors to ensure that you are getting the best deal.

Compatibility with Your Business Needs

It is also important to consider whether a credit card processor is compatible with your business needs. This includes factors such as the types of credit cards that the processor can accept, the types of transactions that the processor can handle, and the level of security that the processor provides.

Customer Service

Customer service is another important factor to consider when choosing a credit card processor. You want to choose a processor that is responsive and able to help you with any issues or questions that may arise.

Penni Payments focuses on customer service and helping businesses save money on their bottom line. They offer some of the lowest rates in the industry for credit card processing fees, and are committed to providing top-notch customer service to their clients.

Here are 10 payment processing companies based in Canada:

1. Moneris: Moneris is one of the largest payment processing companies in Canada, offering a range of solutions for businesses of all sizes.
2. Stripe: Stripe is a popular payment processing company that offers a range of tools and integrations for businesses to accept payments online.
3. PayPal: PayPal is a well-known payment processing company that offers a range of solutions for businesses to accept payments online.
4. Square: Square is a payment processing company that offers a range of solutions for businesses, including a popular point-of-sale (POS) system.
5. Penni Payments: Penni Payments is a Canadian payment processing company that offers a range of solutions for businesses, including virtual terminals and integrations with popular POS systems.
6. Elavon: Elavon is a payment processing company that offers a range of solutions for businesses, including a comprehensive payment processing platform called Elavon Converge.
7. First Data: First Data is a payment processing company that offers a range of solutions for businesses, including virtual terminals and integrations with popular POS systems.
8. Beanstream: Beanstream is a payment processing company that offers a range of solutions for businesses, including virtual terminals and integrations with popular e-commerce platforms.
9. Payfirma: Payfirma is a payment processing company that offers a range of solutions for businesses, including a popular mobile payment app.
10. Paysafe: Paysafe is a payment processing company that offers a range of solutions for businesses, including virtual terminals and integrations with popular e-commerce platforms.

Common Questione People Should Ask Before Choosing A Payment Processer w/ Penni Payment Answers 

1. What types of payment methods do you support?

• Penni Payments supports a wide range of payment methods, including credit cards, debit cards, mobile payments, and online payments.
• Penni Payments also offers a range of payment terminals and integrations with popular point-of-sale (POS) systems and e-commerce platforms, making it easy for businesses to accept payments in person or online.

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2. What fees do you charge for processing transactions?

• Penni Payments offers competitive pricing for its payment processing services, with processing fees as low as $0.08 per transaction and the highest rate of 1.85%.
• Penni Payments also offers a range of pricing models, including interchange plus pricing, tiered pricing, and flat-rate pricing, to help businesses find the best fit for their needs.

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3. How do you handle fraud prevention and security?

• Penni Payments is PCI compliant and uses encryption and tokenization to protect customer data.
• Penni Payments also offers a range of fraud prevention tools, including advanced fraud detection software, to help businesses protect against fraudulent activity.

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4. Can you provide integrations with my existing point-of-sale (POS) system or e-commerce platform?

• Penni Payments offers a range of integrations with popular POS systems and e-commerce platforms, making it easy to integrate its payment processing solutions into a business's existing system.
• Penni Payments also offers custom integrations and development services to help businesses tailor its solutions to their specific needs.

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5. How easy is it to set up and use your payment processing solution?

• Penni Payments offers a user-friendly interface and a range of tools and resources to help businesses set up and use its payment processing solutions.
• Penni Payments also offers customer support and training to help businesses get up and running quickly and smoothly.

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6. What kind of customer support do you offer?

• Penni Payments offers a range of customer support options, including phone, email, and chat support.
• Penni Payments also offers a range of resources, including a knowledge base and FAQs, to help businesses find answers to common questions.

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7. Do you have any special pricing or terms available for small businesses?

• Penni Payments offers a range of pricing options and features designed specifically for small businesses, including competitive pricing and flexible payment terms.
• Penni Payments also offers a range of tools and resources to help small businesses get started and grow, including access to a network of industry experts and partners.

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8. How do you handle chargebacks and disputes?

• Penni Payments has a dedicated team to handle chargebacks and disputes, working with businesses to resolve any issues that may arise.
• Penni Payments also offers a range of tools and resources to help businesses prevent chargebacks and disputes, including fraud prevention tools and best practices for handling transactions.

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9. Can you provide references or case studies from other businesses using your payment processing solution?

• Penni Payments has a range of case studies and testimonials from businesses using its payment processing solutions, showcasing the success and satisfaction of its customers.
• Penni Payments is also happy to provide references upon request, allowing businesses to speak with other customers to learn more about the company's payment processing solutions.

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10. How do you compare to other payment processors in terms of pricing and features?

• Penni Payments offers competitive pricing and a range of features designed to meet the needs of businesses of all sizes.
• Penni Payments is also committed to providing excellent customer service and support, helping businesses get the most out of its payment processing solutions.

Conclusion

In conclusion, there are several factors to consider when choosing a credit card processor, including pricing, compatibility with your business needs, and customer service. Penni Payments is a great option for businesses in Vancouver, as they offer low rates and excellent customer service. By choosing Penni Payments as your credit card processor, you can save money on your bottom line and focus on growing your business.

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