Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$5,600

$20,400

Equipment & Supply Expenses

$63

$200

Software Expenses

$162

$3,094

Advertising & Marketing Costs

$0

$2,300

Total Startup Costs

$6,199

$40,561

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

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 as a credit card (ATM card) processing business. This could be the start of an incredible business opportunity!

Control of workload

With starting a credit card (ATM card) processing business, you have 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 starting a 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

Your businesses income stream tends to be predictable based on the number of customers you have signed up. This makes financial planning and outlooks much more seamless!

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.

Churn

In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and 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 decisions are in your hands. Although this is not necessarily a negative thing, work life can take over 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 starting a credit card (ATM card) processing business, there can be minimal face-to-face interaction, which means it can be a lot more difficult to establish trust with your customers. You'll need to go the extra mile with your customer to grab their attention and business.

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.