Accepting credit cards is an important part of conducting business today. According to the Small Business Administration1, the convenience of accepting credit cards often improves the likelihood of "impulse purchases," which can help your sales. Additionally, a report published in April 2014 by the Federal Reserve identified that in 2012, debit cards accounted for 38 percent of all non-cash payments, credit cards accounted for 21 percent of total non-cash payments. The convenience of using credit and debit cards means customers are more likely to make purchases with them.
A merchant account allows a business to accept credit cards, debit cards, gift cards and other types of electronic payment. Before a business can begin accepting credit cards, applying for a merchant account and accepting the merchant processing terms are required1. Once these steps are completed, your business will be able to accept credit cards in a variety of different ways:
Chase has provided business owners with the support and trust they need for close to three decades. In that time, Chase has developed a variety of different products to help owners continue to move their businesses forward.
Chase offers multiple options so businesses can select exactly the type of payment processing solution needed:
With secure PCI compliance and excellent fraud protection, Chase makes it easy for you to manage business cash flow and help you protect your customers' data.
Orbital Virtual Terminal is a proprietary Web-based solution that processes and manages payments online. Whether you are accepting orders on the Web, telephone or mail order, you can just log onto our Virtual Terminal on your computer to initiate card authorizations, settlements and refunds. Businesses can authorize, capture and settle payments, too. All that's needed to accept payments is a computer, Internet connection and a Web browser.
The Chase Payment Gateway provides online payment processing for an e-commerce business. Merchants can establish secure online transaction processing all in one location, easily and conveniently. This is a completely customizable solution so you can add services as needed and deploy the interface to fully commerce-enable storefronts.
All this technology comes with important security protection. As credit card theft and fraud continues to increase, merchants and customers alike want to know their credit card purchases are secure. Chase utilizes high-end technology to ensure customers can have the confidence that credit card information is secure.
What is most important about the merchant services Chase provides is that you are partnering with a trusted credit card acceptance provider.
A point-of-sale system can process transactions easily and securely. Chase can process payments for many popular point-of-sale systems. Add to that a knowledgeable support team and any business is primed to sell. Chase offers necessary tools such as merchant account management, fraud protection and reporting tools, providing an all-in-one approach to handling our merchants' credit card acceptance needs.
Chase can also provide the point-of-sale equipment and credit card machines needed to make credit card payment processing seamless. Regardless if your business needs equipment that is wireless, mobile, web-based or on a tablet, or if you need to accept EMV chip cards or contactless payments, we have a solution right for almost every business. Additionally, Chase can provide live interactive training sessions, instructional guides, videos and 24/7 tech support.
Because the needs of every business are different, Chase offers a wide variety of credit card payment solutions. To learn more about how to accept credit card payments, contact us.
1All merchants are subject to credit approval. Merchant services are provided by Paymentech, LLC ("Chase Paymentech"), a subsidiary of JPMorgan Chase Bank, N.A.
2Requires use of the Orbital Gateway
3Chase Mobile Checkout requires a compatible Apple or Android smartphone or tablet, the Chase Mobile Checkout application, a Chase Paymentech merchant account, and the Chase Mobile Checkout card reader. There is no charge to download the Chase Mobile Checkout app, but there may be charges associated with the purchase and shipment of the card reader. When using the app, message and data rates may apply. Such charges include, but are not limited to, those from your communications service provider. In addition, all applicable processing fees outlined in the merchant services contract with Chase Paymentech will be assessed for all transactions initiated through the app.