Top 10 Franchise Merchant Services
Change in Rank
During our analysis of various merchant service providers which assist franchises we spend time comparing various rates and costs associated with accepting payments and the other services offered by the merchant service providers. It is important for franchises to get rates which are competitive against others within the industry to maximize their revenue in order to grow and expand their franchises.
In addition to having a merchant service provider with competitive rates, it is important to have one that has a history of reliability which ensures that franchised businesses will be able to accept payments quickly and efficiently at all times. Providers with numerous instances of downtime or issues with accepting payments can damage the reputation and operability of the businesses using their solutions.
For each of the solutions which are being provided by the merchant service providers listed it is important for the services which they provide to be offered in the most efficient manner. Both the process of applying for and actually using the services should be presented in a manner in which the user of the service can easily identify the benefits of the service and utilize the service to the best of their ability.
Another metric used during our analysis is a look at the overall variety presented in the services offered by each of the merchant service providers and how they impact franchises. It is important for the merchant service provider to have a wide variety of financial solutions for franchises to be able to leverage in order to ensure they will have the finances to grow their business while accepting payments successfully.
The customer support aspect of our analysis hones in on how the different providers communicate with franchises and the systems put into place to ensure the right parties are being reached at the right times. It is important for the merchant service provider to have experience in communicating with franchises which have a number of franchised businesses running under them compared to individual businesses.