It only takes a few simple steps for small businesses to start accepting credit card payments.

You’ll just need the following information:

• Your industry category – make sure that you’re not considered a “high risk merchant”
• Whether you plan to sell via in-person transactions, online or both
• Number of locations
• How you accept transactions: on a terminal or card reader, or through your website or your own software
• Types of payments you’d like to accept: credit cards, ACH, Google Pay™, Apple Pay®, gift cards, EBT, etc.
• How quickly you would like to receive your funds
• Estimated annual volume – it’s ok if you’re not sure if you’ll be a low-volume or high-volume business, just a ballpark estimation is needed
• Estimation of card present, in-person transactions
• Estimation of card not present transactions made over the phone or through your online store

The time it takes for a small business to receive funds from credit card transactions can vary depending on the processor and the type of transaction. Generally, businesses can expect to receive funds within 1-3 business days for most credit card transactions. However, some processors may offer faster or even instant deposits, and some additional fees may be associated with expedited payment processing.

Credit card processing is generally priced per transaction and can scale with your business needs as transaction volumes grow. Discussing the pricing structure and processing rates with your payments partner is important to ensure you fully understand the costs. In addition to a setup fee or early termination fee, other common fees you may see on a statement are:

• Merchant service fees: these pay for the ability to access the authorization network
• Interchange fees: charged by the credit card brands and card issuers
• Transaction fees: the amount you pay per transaction
• Discount fees: a charge payment processing companies use for payment processing services to debit and credit card companies
• PCI compliance fees: payment processors use these charges to cover the costs of security

Global Payments is a global leader in integrated payments, with over 4,000 trusted technology partners across 70 industries. The partner of choice for leading brands, Global Payments offers tailored solutions to fit your business needs — from onboarding to go-to–market strategies — for independent software vendors, independent sales organizations, platforms and marketplaces, professional service providers and more.

Ready to explore a partnership? Let’s chat. Contact our sales team or call us at 800.774.6462 (press option 1) to learn more about our programs and how to get started with the right payment partner.

There’s a reason Global Payments is the partner of choice for leading commerce brands: we believe in creating powerful partnerships that drive mutual

By pairing the functionality, scale and power of a Fortune 500 company with the spirit of a startup, our innovations and expertise magnetize growth — and prepare us to meet the needs of your customers now and in the future.

The bottom line? There are various benefits to partnering with Global Payments, including innovative technology, competitive solutions, trusted security, exceptional, hassle-free service and more.

Our partner program is designed to accommodate a variety of business types, each with its own needs and goals. Accordingly, our payment model offerings include referral partnerships, integrated payments, payment facilitation and more to stay ahead of change and achieve your growth targets.