ECommerce: Choosing a Merchant Account Provider

Choosing a Merchant Account Provider

Written by Mary Hedden

When looking for a merchant account provider, it is important to do a lot of research. You do not want to pay too much or sign up with a disreputable company. However, you do need to keep in mind that once you do sign up it could take up to a week for your application to be approved once it has been submitted.

There are three main factors that you should consider when selecting a merchant account provider.

1. Price 2. Integrity 3. Customer Service

Price (Merchant Account Rates and Fees)

When shopping for a merchant account, it is important to understand all of repparttar rates and fees that repparttar 108654 merchant account provider charges.

You will typically be charged repparttar 108655 following fees:

Monthly Fee - Normally around $25 US and could vary depending on whether you meet your minimum monthly transactions.

Discount Rate- Percentage taken from a sale that repparttar 108656 merchant pays to cover repparttar 108657 costs of repparttar 108658 transactions and repparttar 108659 risk involved. Usually 1.5 percent to 3.5 percent.

Transaction Fee - A flat fee charged for each transaction. Typically between $0.20 and $1.00 US per transaction.

Application Fee - The initial fee you are charged to open repparttar 108660 merchant account. Many merchant account providers do not charge application fees.

Equipment and Installation - Software can range from $0 to $1200 US or more depending on whether you have batch or real-time processing. Costs for hardware (POS terminals) can range from $500 to $1,500+ depending on repparttar 108661 model you purchase.

If you have current or projected sales data, you can forecast what your fees will be for different merchant account providers. Searchmerchants.com has done this for you with repparttar 108662 top internet merchant account providers in their database. If you visit Searchmerchants.com, you may enter your monthly sales data to compare fees for their recommended providers.

3 Reasons why to Accept Credit Cards by Phone

Written by Kevin Cross

Conducting business today, whether online or offline, Is much more convenient than before using a simple and Inexpensive way by accepting credit cards by phone. This Method of accepting payments is turning repparttar

heads of Business owners and making it possible for them to Conduct business right from their phone without leaving Their home, office or vehicle.

How can accepting credit cards by phone provide convenience?

Accept by Phone is a new technology which allows a company To accept credit card payments by simply typing repparttar 108653 card Number and sale amount into a telephone. This service is so Popular that it was featured in repparttar 108654 September 2004 Issue of Limousine Digest, Page 14 and in repparttar 108655 May 2004 issue of Small Business Opportunity Magazine. There's no terminal or Equipment needed. This new service gives repparttar 108656 business owner A convenient and Inexpensive Way of accepting credit cards While Increasing Profits.

The 3 Key Reasons Include:

Convenience - Strategic Approach - Call To action

The convenience of accepting credit cards by phone is that Business owners now do not have to put repparttar 108657 customer on hold To get back to repparttar 108658 their home or office to accept payments For their products or services. They can stay in their Vehicle, on a job site, in a restaurant or even while at repparttar 108659 Gym to conduct business as usual without any delay. Not only Is this good for repparttar 108660 business owner, repparttar 108661 customer can now Relax knowing their purchase has now been processed using a Safe and secure environment without any hassle.

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