If you own a business in the beauty industry, this is a must read blog on the various types of merchant services for beauty salons. Finding a convenient option to accept payments is a must, whether you are looking for a salon POS system, or need credit card processing services for your salon. We will also explain the benefits of cashless ATM machines for the beauty industry.
When people think about beauty salons, the first thing that comes to mind is a hair salon, but the beauty salon industry is vast. In fact, according to the Business Insider the estimated value of the beauty industry in 2019 was 532 billion dollars. Each of these services below fall under the beauty salon category, including:
Now the facts are clear, let us explain more about how to find a payment processor for your business.
A business is classified as high-risk if the industry has an increased risk of chargebacks and fraud. Unfortunately, the beauty industry meets that criteria and is flagged by banks as a high risk industry. Which forces most beauty salons owners to accept cash only, while others are left paying outrageous payment processing fees.
The benefit of accepting cash only is you avoid chargebacks. However if a customer does not have cash to pay for the services they would have to find a local ATM in the area. Imagine if you could remove this burden on your customers and accept debit and credit card payments without the risks of fraud and chargebacks? Well today is your lucky day. At My Payment Solutions USA we have solution called the cashless ATM.
The benefits of a cashless ATM are priceless. In fact, a cashless ATM machine would work for any business in the beauty industry. Whether you work in a hair salon, a nail salon, or provide any type of personal or cosmetic care. As a business its a must to invest in salon credit card processing services, so you are not limited to cash only payments.
At My Payment Solutions USA we offer high risk merchant services for beauty salons at the lowest rates possible. There is nothing more frustrating than trying to find an affordable payment processor. That is why we specialize in working with the beauty industry. Give us a call today at 1-800-734-3424 to learn more.
