Posts Tagged ‘credit card processing’

Merchant Accounts Made Easy

April 17th, 2018 Comments off

Do you have a business that you would like to promote online? That is very much possible by having your own website. But if you are going to process a payment online, you will need to have a merchant account.

Having a merchant account for your website is very much advantageous as you will be able to get people from all over the world to buy from you. At the same time, there is a chance that you will get the sale right away as most of the buyers will not think twice especially if you have the product that they want.

But do you know that there are several types of this account? There is a merchant account that will match your current business. These are the types of accounts that will fit your business.

There are a number of businesses that use merchant account for internet. They are the ones who would use this account to be used in getting payments from their clients. They can get credit card payments and be able to verify them online. These accounts have a credit card billing verification system in order avoid fraud.

If you would see several websites that have a “Buy Me” tab, then that is an internet account. You can just click on that tab and you will be directed to the payment page and put in the information needed. This is one convenient way of shopping for people who does not want to go out of their homes.

The next accounts are the high risk ones. They are the ones that are said to be exposing the banks making the levels of security at high risk. Examples of these accounts are those being used in travel, adult sites and the likes. The reason why they are considered high risk is that they have increased instances of refunds because of products that did not meet the expectations of the buyers.

If you are also going to look for an account online, be sure to get the ones from popular payment sites. In this way, you will gain the trust of your clients to do business with you as they know that the chances of their money will not be lost through processing.

So if you want to start your online payment scheme, you can get a merchant account to be your assistant to your business. You can easily close the sales and easily process them online to bring in profit.

Christina Lambereau is a professional author who specializes in merchant accounts and credit card merchant accounts.

Increase Your Business Cash Flow With Merchant Accounts

October 31st, 2016 Comments off

Merchant accounts allow businesses to accept payment for goods or services via credit cards. They are contracts between an acquiring bank who extends a line of credit to the merchant.

You should know that customers are far more likely to buy from businesses that offer the option to pay with credit cards. Statistics prove that vendors using merchant accounts will see an immediate increase in the number of sales. While the average cash sale is around $9, the average credit card sale is closer to $40.

No matter what type of business you own, the availability of merchant accounts can help your cash flow in several ways. Here are some of the benefits for using merchant accounts:

– Having credit card facilities means customers can purchase right on the spot.

– Merchant account processing fees are frequently lower than check transaction fees.

– Debt collection problems becomes an issue for the bank, not you.

There are obvious and clear benefits to having merchant account facilities in your business. There are also drawbacks that should be examined as well.

– You will need to protect your business against instances of credit card fraud.

– You may need to examine and possibly revise your policies concerning charge-backs and refunds to minimize damages.

– If your business accepts credit cards on your website, be sure to use fraud protection measures to lower the risk of fraud, theft and scams.

Setting Up Merchant Accounts

Setting up a merchant account can be relatively simple. You will need to set up a bank account for your company for the proceeds of any credit card purchases to be credited to. You will also need to lease processing equipment and software that will facilitate transactions.

If you intend to process credit card payments online through your companys website, then youll need to take the extra step of registering with a payment gateway like VirtualNet or CyberCash. Always check that the merchant account software you have will be compatible with your online payment gateway.

Merchant Account Comparisons

Before calling your own bank to ask about merchant accounts, its a good idea to compare the offerings of several different banking institutions, as well as merchant account providers. Fees and charges can vary greatly, so its important to check what are the charges and fees likely per transaction.

An example of fees could include initial start -up costs, monthly equipment lease fees, transaction fees, processing fees and even sales volume costs. Ask your merchant account provider to supply you with a written list of all fees so you can compare with other lenders accurately.

Important Merchant Account Fees and Charges

Many providers will charge some kind of application fee. It can vary from $0, all the way to $100 or more, depending on the lender.

You may also need to purchase your software, which can range in cost around $100, or more. Once this software is installed, its possible you may have to pay a licensing lease on the software, which can range from $20-$50/month. Again, this depends on your lender or merchant account provider.

On top of these, you will incur transaction fees that range between $0.20-$0.50 per transaction. While these don’t sound high, if you process a lot of transactions they can really add up.

Other fees you want to make sure you ask any potential merchant account vendor include charge back fees, statement fees, minimum usage fees, annual fees, account keeping fees and close out fees.

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How To Choose The Best Wireless Credit Card Processing Unit

July 13th, 2012 Comments off

Wherever you carry out your business, you want to be able to accept non-cash payments rapidly and securely, and there are many wireless credit card processing terminals available to provide this service. Particularly, while we are on the subject, we like the USBSwiper Wireless. With this, you do not have to lease or purchase any type of expensive equipment, there are no contracts, it is easy to import your orders into Quickbooks and you don’t have to type it! You swipe it!USBSwiper is the best in our books. Now let us continue this article on wireless credit card processing.

Units with magnetic swipe card facilities reduce both transaction costs, and the chance of fraudulent use. Secure internal PIN pads allow debit card payments. Some devices will let you process other payment methods, such as checks or gift cards.

As with all wireless devices, you should first check the coverage in the region where you expect to carry out most of your business. Lots of high-end terminals feature a store and forward utility.

This means that you can enter the details into the machine when there is no wireless coverage, and they will be saved until a signal is received by the device, when the processing will then take place. Many models also feature dial-up connections, useful for wired use and for backup.

You should also consider whether you need an integrated printer or not. If none is needed, then units which can communicate with printers via infra red may be cheaper and more convenient. For users who do require a printer, its quality and speed may be important, especially when high volumes of transactions are expected.

Devices with drop-in loading are very unlikely to suffer from paper jams; this is especially useful for people who need to process a large volume of payments rapidly. For users who do not require an integrated printer, handheld units which communicate via infra red with nearby printers may be sufficient. Battery lifetime, and ease of use, is also an important factor when selecting a wireless credit card processing unit, as is ensuring that the unit is tough enough to be used outside.

An important thing to check before you invest in a wireless credit card processing is the wireless coverage in your operating region. More info on