2 ms·
10k? That's a tiny amount to have to get a second payment processor. Additionally if you are dealing with physical cards you probably also need a second set of
by sschueller 4y ago
10k? That's a tiny amount to have to get a second payment processor. Additionally if you are dealing with physical cards you probably also need a second set of card readers?
- mrweasel 4y agoCould be $10K, could be $200K, depends on your tolerance for risk. And, yeah I was thinking online only. If you need card readers you're pretty much stuck with one provider. Where I've seen people get in trouble with their payment processors it has only been online. Terminals are rather difficult to misuse these days. If you deal with both online and card readers, keep those on separate accounts. That is two account at the payment processor (PSP) and two accounts with the acquirer company.
- toast0 4y ago$10k is pretty small for a physical business ($30/day if you're open every day), so I'd be surprised if you had more than a tablet with a headphone jack card reader. A second reader from another processor isn't that hard to manage (you might want a second tablet in case the first one has issues anyway).