Event planners in the Los Angeles and Van Nuys area know it is crucial to make online payments flawless during the registration process because registrants want to pay at the same site they use to register. It’s often left to the event planner to establish the payment processor. Here are some items to consider.
When you’re scouting for payment processors such as Van Nuys merchant payment solutions, ask detailed questions about rates and fees. If a card is declined, will my company still have to pay processing fees for the attempt? How long will it take for my company to get its money? What kind of reporting features do you offer?
Consider establishing fixed-rate charges with your credit-card processor. Because credit cards each charge different processing fees per transaction, it makes sense for smaller events to have fixed rates so event planners don’t have to account for fluctuating fees. If this is not available, find a processer with lower rates with no monthly minimum.
Look for a credit card processing company that also offers e-check processing. This allows vendors to know immediately if there are sufficient funds in a customer’s checking account. The fees for e-checks are much lower because banks process the transactions themselves and also because they are a much lower risk for all involved in the transaction.
You will probably have lots of additional questions about credit card processing once you begin to do some checking around. Explain to processors what type of business you do and what the average transaction amount is expected to be. Higher risk business transactions such as online purchases may prompt higher transaction fees, cutting into profits.