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How Third Party Processors operate
The payments your customers make are processed through third party’s own merchant account, and you retailer is paid (minus a commission) by third party processor. This allows you to sell online without necessity of having your own internet merchant account.
However, Third Party Processor makes its profit by charging a processing fee. Usually, third party processor charges are a little more on a transaction compared with having your own online merchant account. Though set-up fees are usually free or minimal.
So, there you have it. You can accept online credit cards on your website through a Third Party Processor without needing your own merchant account. Free internet merchant accounts by another name!
© John Lynch 2003
[ For some of best Free Internet Marketing help. Extensive Free web marketing courses showing how to start and successfully promote an internet business. Free ezine,and a Free spam check on your emails/ezine. Got to: http://www.merchant-account-service.com/third_party_processors.html ]
For details of Internet merchant accounts and Third Party processors go to: http://www.merchant-account-service.com/credit_card_processing.html