Main Merchant is online

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All you need to know about getting and keeping credit cards. Need to raise your credit limit?, we have the answer…. More >>

Credit cards: The lowdown

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This digital document is an article from Franchising World, published by International Franchise Association on November 1, 2003. The length of the article is 783 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

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Title: Does accep… More >>

Does accepting credit cards affect the bottom line? What is credit card processing? In simple words, “credit card processing is the act of converting raw … An article from: Franchising World

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This digital document is an article from San Diego Business Journal, published by CBJ, L.P. on May 17, 2004. The length of the article is 465 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

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Title: Credit cards, Part 1: setting u… More >>

Credit cards, Part 1: setting up a merchant account.: An article from: San Diego Business Journal

Currently, our website is a customer of authorize.net. We pay authorize.net 20 dollars a month for their gateway. They told us we also require a merchant services account in order to process credit cards via our website.
Where can I get a merchant service account or a package that includes authorize.net at the cheapest price?! We tried quite a few banks but authorize.net and the banks come to more than 45$ per month!
Thank you.

I’m a recent graduate. It’s a tough job market right now. I was offered a job for a company who sells merchant services, basically the hardware software and service to accept credit cards for businesses. They say it’s a career sales job but it’s a call center environment and the base is only 25k.I have a feeling this may be one of those companies that burn and turn their employees and kind of prey on new grads. This isn’t exactly what I was looking for but am open to it if there’s decent commissions to make and if its a good business to be in. Have you worked in this industry? What do you think?

I need to charge a credit card a customer gave me, but without signing him up for a paypal account is this possible through pay pal?

I want to be able to accept credit cards. Take down my clients card number and be able to charge it online w/out a card reader. I also don’t want to use paypal or goggle. And the rate should be the same for personal cards as well as business credit cards. Thanks for the help.

Merchant accounts enable you, the merchant, to accept credit cards, debit cards, gift cards, electronic checks, EBT cards, and other electronic payments. It is proven that accepting credit cards can increase your sales by 40 to 50%. Having a merchant account is a necessity for any credible business.

Although credit card acceptance can boost your business, you need to be aware of the costs associated with having a merchant account. One such cost is a chargebacks which is when a credit card processor charges you the cost of crediting a customer’s account for a questioned transaction.

A chargeback occurs when your customer has called the credit card company and disputed an item on their bill. The bank that issued their credit card is required by law to resolve the matter for the customer. Their credit card company or credit card issuing bank is then supposed to investigate the transaction. But because of the high cost to conduct a thorough investigation, most disputes are decided in favor of the customer.

A chargeback can also be initiated by a credit card issuing bank. These chargebacks require no investigation by the bank and are the result of processing or authorization issues.

Therefore, the costs and responsibilities associated with chargebacks are pass-down to the merchant. The average cost of a chargeback to the merchant exceeds $50. This accounts for more than 0.2% of total sales receipts. These are significant numbers and a burden for a business of any size.

The total cost of chargebacks is an enormous problem merchants must face. As always, it is up to the merchant to develop solutions, procedures, and policies that will help them combat and reduce chargebacks and their associated costs.

A credit card merchant account adds in the productivity of your business. A merchant account lets you start accepting credit card payments through a combination of software and hardware, from customers in any part of the world at any time of the day or night.

Credit card merchant account counts among the effective ways in increasing the sales of any business. This is because credit card merchant accounts entice people to buy on impulse. Therefore, when people find it easy to buy online and doubly easy to pay the items online, then, chances are they would be more willing to buy it instantly. And due to the convenience of the credit card, the business will be able to attract more people to buy online, and when they want to buy, the business must have a credit card merchant account so as to accept the buyer’s credit card.

Credit card merchant accounts are considered as a crucial element in one’s online business. It is the only way to maximize the business’ potential online. In addition, there is definitely no other way to provide additional payment option to the online customers than what credit card merchant accounts can do.

A credit card merchant account gives the business more flexibility in dealing with payments, as it enables you to accept payments by phone and fax. A digital program will let customers call a toll-free number, listen to messages about products and services or select other options, such as “payment” or “catalogue request”, and then finish up by processing a credit card for any purchases made during the phone call. You don’t even have to hire someone to answer the phone; the entire process can be automated, although you may want to have a customer service rep available at certain hours of the day if needed.

Your credit merchant account provides the much needed growth to your business in numerable ways you may not have imagined. For example, in addition to taking credit card payments on location at your store, you can take a wireless credit card processor with you to customers’ residences or places of business and accept payment on the spot. This makes it easier for the customer to pay the charges and not give another thought to the transaction.

Moreover, nowadays, businesses work is based on technology, and where money is the subject matter, credit card merchant accounts is the name of the game

Think of the possibilities for building a super-size client base! Give some thought to applying for a merchant credit account from a trusted lender or underwriter.

Do I need a Merchant Account? When you start your business online and you start to get the first requests from your customers that they want to pay by credit card, you will quickly meet the term Merchant Account, if you look around for instant on Google for payment service providers or credit card processing, many companies will tell you that you have to open a Merchant Account with one of their Acquiring Banks.

So what is a merchant account, please explain, often people connect a merchant account with a regular bank account which isn’t obvious but simply a confusion in the terms.

A Merchant account is opened by an Acquiring bank, which is authorized by the card association to process payments by credit card for Online Merchants. In many countries you will need to contact another company (Payment Service Provider, ISO or MSP) which on behalf of the Acquiring bank will open the Merchant Account for you. Often you need to sign a Credit Card acceptance contract both with the Acquiring Bank and the Payment Service Provider, to become a Merchant Account.

When you open a Merchant Account you will also need to know which credit cards you will and need to accept on your web site. The major credit cards are Visa and MasterCard, then comes Amex, Diners, JCB and the rest. Many countries have also country specific credit and debit cards for which you need a separated merchant account or merchant agreement. A Merchant Account can be opened by any business which sells products and services and which to accept credit cards, this is the case for both online and Offline business. However, not all business industries can become a Merchant Account or Merchant Agreement, some business types are simply not accepted by the card association.

Read more at : Accept Credit Card Payments