Business Idea

Start A Credit Card (Atm Card) Processing Business

About

Starting a credit card (ATM card) processing business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell credit card processing, or selling credit card processing online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a credit card (ATM card) processing business ➜

Key stats

market size
$722B
starting costs
$26.9K
gross margin
3%
avg product price
$180
time to build
6 months
growth
Pay Per Click Advertising
business model
Software
time investment
Full time

About

Starting a credit card (ATM card) processing business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell credit card processing, or selling credit card processing online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a credit card (ATM card) processing business ➜

Key stats

market size
$722B
starting costs
$26.9K
gross margin
3%
avg product price
$180

 

time to build
6 months
growth
Pay Per Click Advertising
business model
Software
time investment
Full time

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $35 $3,250
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $525 $5,500
Website Costs $232 $6,500
Business Formation Fees $5,600 $20,400
Software Expenses $150 $3,044
Advertising & Marketing Costs $0 $2,300
Other Expenses $0 $800
Total Startup Costs $6,542 $47,294

Successful Businesses

Business URL Rank
Alliant Credit Union alliantcreditunion.org #51,178
payUSAtax payusatax.com #97,923
Helcim helcim.com #99,208
PesoPay pesopay.com #144,101
Florida Credit Union flcu.org #164,368
San Mateo Credit Union smcu.org #246,906
Nilson Report nilsonreport.com #342,104
Leaders Merchant Services leadersmerchantservices.com #434,815
Islanders Bank islandersbank.com #619,975
Best Credit Card Processing Services, Merchant Services, Cash Advance, High Risk Processing Companies topcreditcardprocessors.com #680,981
Global Processing Systems gprocessing.com #1,334,257

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Meaningful business connections You never know who you will meet or get to work with for your credit card (ATM card) processing business. This could be the start of an incredible business opportunity!
Control of workload With a credit card (ATM card) processing business, you get the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you.
Gain exposure and experience This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you!
Unlimited income potential With your credit card (ATM card) processing business, there is no cap as to how much income you can make. The stronger your business skills and the more energy/time you put into your career, the more you'll make.
Predictable income stream With a credit card (ATM card) processing business, your income stream is typically predictable based on the number of customers you have signed up. This makes financial planning and outlooks much more seamless!
Cons Description
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Customer churn With a credit card (ATM card) processing business, people can cancel their subscription - which can make income unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.
Time commitment With starting a credit card (ATM card) processing business, all responsibilities and duties will be in your hands. Although this is not necessarily a negative thing, it's important to understand that your work-life balance may be a bit unbalanced at times. This can place a strain on friends and family and add to the pressure of launching a new business.
Difficult to build trust with your customer With a credit card (ATM card) processing business and any online business, there is little physical interaction, which means it can be a lot more difficult to establish trust and clout with your customers. You'll need to go the extra mile with your customer to grab their attention as soon as they reach your site + assure them that your brand is legit and trustworthy.
Strict regulations With any credit card (ATM card) processing business, there are strict rules and regulations as it relates to processing your product. You must follow these regulations specifically, or significant legal issues could occur.
Complex development process. The development process for a credit card (ATM card) processing business can be quite complex, which may cause delays and challenges when launching and growing your product.

Marketing Ideas

  • 1

    Affiliate program

    An affiliate program is a way to reward people outside your organization to share your product.

  • 2

    Word of mouth

    The most tried and true way to grow a credit card (ATM card) processing business is through word of mouth - some entrepreneurs would say it's more important than all social media.

  • 3

    Advertising on social media

    Social media advertising is one of the leading ways to get the word out when it comes to credit card (ATM card) processing business.

    There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.

    Learn more about advertising on social media ➜