Construction credit card
Selecting a credit card processing company presents a unique set of challenges when you own a construction business. Because of construction’s project-based nature, payments are often large and intermittent. Plus, you may want to accept card payments in various ways to make it convenient for clients to pay you. For example, in addition to accepting credit card payments over the phone and in person, you may want to accept card payments online via invoices and in the field using a mobile POS system connected to your phone. While much of the information here can apply to any business, we’ll look at special considerations for construction businesses when choosing a credit card processor, including what to look for in contracts, rates and fees. Here are seven tips for choosing a credit card processor for your construction business. 1. Get a merchant account. There are two main payment processor types. Most processors are ISO/MSPs that you can set up with your mer