Payment processing is the system that lets your business accept card and digital payments from customers. For a small business, the right setup can make checkout easier for customers and simpler to manage day to day.
What payment processing involves
When a customer pays by card, the payment is authorized, captured, and settled to your business account. A payment processor coordinates those steps with the card networks and banks involved.
What to think about first
- Where your customers pay: in person, online, on the go, or a mix.
- The types of payments you want to accept.
- How payments should fit with the tools you already use.
- The support you expect when questions come up.
Questions to ask a provider
- Which payment methods and channels are supported for my business?
- How and when are funds deposited?
- What fees apply, and how are they presented?
- What information is required during onboarding and approval?
Have questions about your own setup? Tell us about your business and a member of the Trice Pay team will contact you.
