Credit Card Processing FAQs

Need to accept credit cards, but don’t know how to get started? We know getting set up with credit card processing can seem like an overwhelming task, but getting started is really not that difficult. We have tried to answer some of most frequently asked questions, and we hope this information is helpful.

Who is World Bankcard Solutions, Inc.?

Why should I accept Credit Cards?

How do I start accepting Credit Cards?

What is a Merchant Account, and why do I need one?

What kind of equipment do I need to process credit cards?

What are your rates?

Who is World Bankcard Solutions, Inc.?

World Bankcard Solutions, Inc. is a one-stop shop for credit card processing services and credit card equipment. We are affiliated with one of the nation’s largest merchant services providers, and we are able to offer you great pricing, along with superior service from a dedicated, in-house customer support staff. For more information about World Bankcard Solutions, please visit our 'About Us' page.

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The use of cash and checks is on a steady decline, and debit and credit cards have become the preferred payment methods among the majority of shoppers. Most merchants across the US now accept debit and credit cards, and so should you. If not, you are missing out on important revenue. Your customers expect to be able to pay with plastic, and will quickly find other places to shop if you don’t let them. By accepting credit cards you will not only attract more customers, but also increase your average sales (the purchase is no longer limited to the amount of cash in your customers’ wallet) and speed up the check-out process. By accepting credit cards you will create customer loyalty. Debit and Credit cards will also do a better job of protecting you as a merchant, and it will allow you to avoid potential losses caused by bad checks and the risk associated with operating with large amounts of cash in your store.

How do I start accepting Credit Cards?

Getting started is easy. To accept credit cards, all you have to do is get a Merchant Account and pick the credit card processing equipment/software that is right for you. Typically, you’ll be able to take care of both of these things by talking to one of our Account Executives. Once your Merchant Account is set up and your equipment/software is up and running, you’ll be able to accept credit cards right away!

What is a Merchant Account, and why do I need one?

A merchant account gives a business the ability to accept credit cards as payment for the company's goods and services. This provides your clients with an extremely popular payment option, beyond cash and checks.

Studies have shown that merchants can typically increase their business by 30 - 70% or more - sometimes even hundreds of percent! Plus, clients are more willing to purchase higher cost goods using a payment method that offers them repayment flexibility.

What kind of equipment do I need to process credit cards?

If you are a retail business and do a lot of face-to-face transactions, a POS (Point-of-Sale) terminal is best for you. This is because you are able to swipe the card and get signed customer receipts; hence you obtain a better discount rate by accepting credit card payments face to face.

If you do business over the Internet, an Internet Gateway is recommended as your customers themselves are able to pay for goods online in a secure environment 24 hours a day, 365 days a year. For mail order or telephone order business, either a terminal or Gateway can be used. This will help you accept credit card payments online.

A Gateway has a 'virtual terminal' built in that allows you to log in and process transactions like a terminal online - you can do these transaction at any computer that has Internet access. This will help you accept credit cards online.

What are your rates?

The cost of a Merchant Account varies depending on your business and the type of merchant account you need. The only way to get an accurate estimate is to talk to our customer relationship department and go over the details of your business. We have many experienced experts on staff, and we would be happy to provide you with a quote. Give us a call or fill out our online form, and we will show you how we’ll save money on your Merchant Account!