IPS is also known as International Payment Solutions. International Payment Solutions is one of the efficient merchant processor solutions. The virtual platform has been serving in the United States as well as Canada for years. Standing in the technologically leading era, it is very important to become a merchant of a payment processor. It lets you help to expand your business and along with it, you will be able to accept online credit card payment. After the arrival of COVID-19, most small retailers are facing a bad time. This pandemic has flattened the growth of the cash flow in their business. Therefore, considering the present situation, the best way to get back the track of growth is to pair your business with any credit card processor.
Advantage Of Having Credit Card Processor
Flawless Transaction: Well, when you become a merchant processor of a credit card processor like IPS, the area of doing business becomes wide. Yes, you can have your own online payment gateway that lets you accept credit card payment from international customers. Moreover, you don’t have to worry about the transactions as everything will be handled by your credit card processor.
Increase The Customer Engagement: Well, you take payments from your customers through advanced payment terminals, you will have a chance to increase customer engagement. Yes, there are many payment terminals that allow you to gather important personal information from customers such as favorite shopping items, date of birth, and many more. With the help of this information, you can design enchanting offers for specific customers. Ultimately, the overall sales of your business will be increased.
Brand Promotion: Brand promotion is very important when it comes to online business. Well, if you can give positive customer experience to your consumers, they will promote your brand in their personal networks. Now, delivering positive customer experience is not as easy as it sounds. But, with advanced payment equipment, you can give them satisfactory payment experience and it will create a solid impression upon them.
Increase The Cash Flow: if you enable online payment gateway in your business, you will not have to worry about the payment. Advanced payment equipment supports all forms of payments. Therefore, it does not matter what your customers are using to make bill payments, your payment equipment will easily accept all forms of payments. Ultimately, the cash flow in your business will be increased and you can take your business to an elevated level.
So, you have probably understood the advantages of having credit card processors such as IPS. Now, if you see the market, you will get to know that there are many credit card processors available such as PayPal, Square, Stripe, and many more. But, among them, International Payment Solutions is the best. This platform not only offers you an online payment gateway but also delivers efficient payment equipment through which you can run your online business without any problem.
Efficient Payment Structure In IPS
IPS offers interchange plus pricing structure whereas other payment processors offer flat rate processing structure. When it comes to interchange plus pricing structure, merchants might avoid it initially due to its complexities. But, you might be shocked to know that interchange plus pricing structure is the most profitable one. You will get to know the actual credit card processing fee and how much your payment processor is taking. The merchants will have to pay a different credit card processing fee for different credit cards. So, the transparency between the merchants and the payment processor will always be maintained.
On the other side, a flat rate processing fee has a very simple pricing structure. There will be a fixed credit card processing fee. Merchants will have to give the same credit card processing fee for all kinds of transactions. Apparently, it might look simple and easy. But, here the profit margin becomes very low. However, if you have just started your online business where the volume of credit card transactions remains low, you can go with the flat rate pricing structure.
Advanced payment Terminals
Along with the interchange plus pricing structure. IPS also offers advanced payment terminals such as virtual terminals, clover flex. Poynt terminals, online gateway, gift cards, point of sale, countertop terminal and many more.
The company also supplies essential items that are inextricably associated with the payment equipment such as debit machine thermal paper roll, receipt thermal paper roll, Poynt thermal paper roll, Kitchen printer paper, Ingenico iwl battery, Hyosung halo ATM machine and many more. So, if you are starting your online business, IPS will be your all-in-one platform. The platform also offers cash advance service that will help you to keep your business ahead of others.
Not An IPS Merchant?
By now, you have probably understood why you should have a merchant processor. So, what are you waiting for? Get in touch with IPS or International Payment Solutions today and enter into the world of online business.