A Quick Guide to Third-Party Credit Card Processors

Written by Angela Wu

If you've ever looked into getting your own merchant account, you already know how expensive it can be. Application fees, setup fees, standard monthly fees, transaction fees... they all add up fast! It can be too much for a business that's just getting started.

There is an alternative. Third-party credit card processing companies handle your credit card transactions for you in return for a cut of your profits. Setup is typically either free, or there's a small, one-time fee.

Here's here it works: once you've applied and/or been approved and paid any applicable setup fees, you create ordering links for your products. These ordering links lead torepparttar third-party processor's server, where they handle orders on your behalf. Credit cards and online checks are common ordering options provided by third-party processors. Some also offer a telephone ordering option.

After your customer places an order, that sale is automatically credited to you, minusrepparttar 117592 company's commission. You are paid byrepparttar 117593 third-party processor at regular intervals, according to their pay schedule.

So what'srepparttar 117594 big deal? Why would third-party processors appeal to startup businesses? Aside fromrepparttar 117595 setup fee, you are only ever charged IF and WHEN you make a sale. If you don't sell anything, you're not charged anything.

Here are a few things to consider when researching third- party processors:

* How much isrepparttar 117596 setup fee? Don't be put off if there is one; three ofrepparttar 117597 four processors I use charge a setup fee, and they've been well worthrepparttar 117598 small cost.

* Transaction fees. After paying these fees, do you still make a reasonable profit? I've seen fees ranging from around 5% to about 30%, withrepparttar 117599 average somewhere inrepparttar 117600 middle.

* Are there additional fees for accepting online checks or telephone orders? Doesrepparttar 117601 processor even offer these as options?

Creating Your Blueprint For Success

Written by Joanne Victoria

Having a strong foundation enables you to build a thriving, profitable life and business. A simple method to create this foundation is with Direction, Vision, Pathways and Benchmarking,repparttar four cornerstones of your life as well as your business.

Direction is defined as examining where are you now and where are you going. It helps to look at everything as if you were a beginner. Always know why you are inrepparttar 117591 business of your choice. If your strategy is not clear, you won't recognizerepparttar 117592 destination when you get there. This isrepparttar 117593 time to bring in your outside Vision Team.

Vision is who you are about and what your life is about. This is where you determine values you need to experience on a continuing basis. Vision is also where you becomerepparttar 117594 expert in your field and deciderepparttar 117595 purpose of your business. Remember, repparttar 117596 smallerrepparttar 117597 niche,repparttar 117598 largerrepparttar 117599 reward. Abandon any preconceived beliefs you have about this or any other business. They can restrict your thinking. Live out of this new vision, not your past comfort.

Pathways createrepparttar 117600 process that helps you arrive at your destination. A simple system is to - Show Up, Be on Time, Keep Your Word and Tell The Truth. It's like riding on that train, sometimes there are hills to climb; sometimes there are curves and other times you're flying rapidly downrepparttar 117601 mountain to your destination. In any instance, you must remain focused on what you want and where you are going.

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