Credit cards and debit cards are the most common form of payment right now. Most people like the convenience of using credit and debit, since it is relatively easy just to swipe a card. When you accept credit and debit cards, you are making things easier for the customer. Additionally, it is worth noting that studies show that, on average, someone who pays with a credit card spends more money than someone who pays by other means. This means that you can increase your sales while at the same time providing an easy and convenient method of payment for your customers.
In order to accept credit and debit cards, however, you will be in need of a merchant account. A merchant account is basically a line of credit issued to you by a payment processor. The merchant account provider offers funds for your account, and settles payment by facilitating the processing of credit and debit cards. Indeed, without a merchant account, you would be unable to accept credit and debit cards because you would not have access to the necessary payment processing networks. A merchant account is from someone who has that access.
Nova/Elavon merchant account
One of the providers of merchant accounts that is Nova/Elavon. Instead of having to go through different companies to ensure access to the payment processors, it is possible to get access to all the payment processing companies through Nova/Elavon. You can accept Discover cards, American Express, Visa And MasterCard when you use Nova/Elavon. The reason why some businesses only accept certain cards is due to the fact that in some cases, their merchant account provider does not have access to all the payment networks. Nova/Elavon can offer you access to all the payment networks.
Nova/Elavon also offers other services through its merchant accounts. You can choose to have electronic check service (which is different from what is needed to process credit card transactions). Electronic check service changes a paper transaction into an electronic one, helping you get verification on the funds faster, and getting the money into your account faster. It is also possible to accept gift cards through a Nova/Elavon merchant account. This can be very helpful if you issue gift cards.
If you are doing international business, it is also possible to convert currencies and accept foreign payments. These types of transactions cost more money, but they can be useful if you run a global operation. Nova/Elavon is also helpful for global businesses in terms of providing an online payment gateway. If you plan to accept payment for products and services online, you need a payment gateway to help you communicate between institutions.
There are a number of terminal options through Nova/Elavon as well. It is helpful to have a terminal that meets your needs. You can use a dial terminal, a virtual terminal or a wireless terminal. If you are a more mobile business, a virtual terminal or wireless terminal might meets your needs better than a dial terminal. It is a good idea to carefully consider your needs when deciding what kind of terminal to get.
The company is actually just Elavon now. It represents a coming together of NOVA Information Systems and euroConex. The company has an international appeal. Elavon prides itself in being flexible and powerful, as well as customizable. Its main appeal is its international platform that integrates global business solutions into the whole.
Before you choose a merchant account, it is a good idea to consider the needs of your business, and do some shopping around. You want to make sure that you get the best deal for your money, and that you choose a merchant account provider that can help you better serve your customers.