To start accepting payments, you'll need to set up a merchant account with a payment processor. Once approved, you can integrate their payment gateway into your website or use a point-of-sale system for in-person transactions.

Accepting credit cards increases your potential customer base, encourages impulse purchases, and improves cash flow. It also adds a layer of professionalism and convenience that modern customers expect.

Look for processors with transparent fee structures, low transaction rates, and good customer support. Consider whether you need online, in-store, or mobile processing capabilities, and check for any hidden monthly fees or long-term contracts.

At a minimum, you should accept major credit cards (Visa, Mastercard, Amex, Discover) and debit cards. It's also increasingly important to accept digital wallets like Apple Pay and Google Pay for contactless convenience.

Typically, funds are deposited into your business bank account within 1 to 2 business days. Some modern processors offer instant payouts or same-day deposits for a small additional fee.

Costs usually include a transaction fee (e.g., 2.9% + 30¢), monthly service fees, and equipment costs. Be aware of potential chargeback fees or PCI compliance fees depending on your provider.