Pawn shops face a unique set of needs and problems. This means they need a merchant services company that can work with them and meet their needs. This can be hard to come by in an industry that is often less than welcoming to high risk merchants. Pawn shops need more than just standard credit card processing. They need a comprehensive merchant processing solution that offers them additional layers of protection.
Due to the nature of their business, in addition to simply accepting credit cards and other payments, pawn shops owners may also need a merchant cash advance from time to time. The back and forth travel of payments from the customer to the owner in a pawn shop requires a merchant services provider that can handle the fluid nature of these payments, and nobody handles it better than Merchant Data Systems.
Merchant Data Systems offers such a wide variety of services that they can tailor a plan to any business, including high risk merchants like pawn shop owners. MDS doesn’t treat pawn shops and other high risk merchants like a liability, instead they simply recognize that these businesses have a different set of needs and they strive to meet them. They even rent out credit card terminals so that a pawn shop owner can stay up to date with the newest and safest payment equipment or they can integrate their services with the credit card machines that the pawn shop owner already has. They also offer POS integration for entire sales systems.
Pawn shops need to be able to make sales, make purchases, and provide loans to customers. Often times all of these things can happen in a single transaction at a pawn shop. This requires a payment solution that can handle all of these facets of a transaction, and that solution is Merchant Data Systems. They have all of the services required to custom tailor a payment solutions plan to any business. No type of business is too difficult for Merchant Data Systems to provide a personalized payment services plan for.
Many pawn shop owners travel to acquire unique or valuable items for their store, or to make a particularly profitable sale. This requires them to be able to take and make payments when they are away from their store. Luckily Merchant Data Systems offers mobile payment options as well. There are various options that allow merchants to take payments on the go. There are portable credit card machines that can be hooked up to Merchant Data Systems’ network. Another great option is the ability to take payments on a mobile device like a cell phone.
These portable payment solutions allow a pawn shop merchant to conduct their business wherever they need to in order to make their business as profitable as possible. No matter which mobile payment solution they are the most comfortable with, Merchant Data Systems can handle their need to receive payments. Now taking advantage of an opportunity wherever they come across it is as easy as handling a transaction in their store.
While pawn shops have been slower about moving into the online market place than many other businesses, slowly but surely many are beginning to see the value in an eCommerce web store. It provides them with an additional venue to attract customers, and it helps them to turn around inventory more quickly which is an important part of business for a pawn shop. While there are many profitable reasons for a pawn shop to set up an online shop for their customers, it is an area of business that is unfamiliar to many owners. Thankfully Merchant Data Systems can help them out there too. MDS can handle all of the payments that come through an online venue like a web store.
MDS is able to handle all of the payment processing for their online shopping cart with the same level of personalized care that their brick and mortar store enjoys. Merchant Data Systems really does provide everything a pawn shop needs to successfully handle every kind of payment that comes their way, even electronic checks and payroll solutions. With MDS, pawn shop owners can take all of their customers’ payments and pay their employees with one system.
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