Internet Merchant Accounts For Innocents Abroad
By T. O' Donnell
If you want to sell on the internet, your need to accept credit
cards. To accept credit cards, you need a merchant account, or
access to one. There're two ways of getting this: Get your own
merchant account, or 'pimp' off someone else's.
The latter is the option most new merchants choose. You use a
third-party to process your payments, and they take percentage.
Here are a few popular ones:
PayPal.com (http://www.paypal.com)
I don't recommend them as your main processor. See
http://www.paypalsucks.com. PayPal is popular because it was
'firstest with the mostest' on auction sites. For this reason,
eBay bought them out. PayPalSucks.com alleges that if you have
a bad order they freeze your account, and can even dip into
your bank account to make up any shortfalls. Mitigating
circumstances are not taken into account. I've read enough
complaints about PayPal on webmaster forums to heed them.
The usual rejoinder is; "But I've never had any problems with
PayPal". To which is usually retorted "Just wait 'till you get
a chargeback!"
A chargeback occurs when someone asks their credit-card company
for a refund. They say they didn't get the goods, or they never
made the order, or the goods were not as advertised. This is
passed on to the processor, who in turn debits the merchant. Or
drops him entirely. You don't want too many of these.
I've used them for years for small amounts, with no problem,
but on the basis of others' complaints in webmaster forums, I
wouldn't use them for large ones. Don't leave large amounts 'on
deposit' in any internet-based company; they're not banks, and
even banks go bust occasionally.
The best use for PayPal is to entice customers who already use
it. Find another provider to be your main one. One like ...
2Checkout.com (http://www.2checkout.com)
This is a factoring service like PayPal. Unlike them, they have
a pretty good reputation with webmasters. Like PayPal, they
don't provide you with a merchant account; they process your
orders through their own.
This is why such sites have to be very stringent; they are
answerable to their own merchant account provider. Too many
bogus orders, and they go out of business.
This is why third-party factoring services like 2Checkout are
very useful to a newbie merchant: fraud prevention. They can
screen out suspicious orders.
Most merchants would like to think they can sell worldwide. The
fact is most of the world is poor; MOST countries can't afford
your goods. So some citizens try to get them fraudulently.
A smart merchant would bar most of the world from accessing his
cart, and only accept orders from the USA, Canada, western
Europe, Australia and New Zealand, and his home country. Harsh,
but you'll sleep better at night.
WorldPay (http://www.worldpay.com)
A well-regarded service. I found adding it to the Oscommerce
cart (http://www.oscommerce.com) a bit of a chore, but it
worked. More expensive to join than 2Checkout. You don't hear
many gripes about WorldPay, which is rare in webmaster circles.
ClickBank.com (http://www.clickbank.com)
Handy if you're selling a few items of inexpensive software to
start off your business. They'll let you up the price once
they're sure of you. I managed to get them to go up to $150
(whoo!). I was very jealous of their system. It's well designed
and extremely 'viral'; they're basically a huge affiliate
program. Join ClickBank, and others will try and sell your
product for you.
They allow you to block whole continents from trying to buy
your product, and that is good. The odds are that a $25 order
for an ebook, from a third-world country, is fraudulent.
If an order looks dodgy, it probably is. Contact the customer
by 'phone or email. If you don't get a satisfactory reply,
refund the card.
When you're making $1000+ a month, get your own merchant
account.
MerchantSeek (http://www.merchantseek.com)
A useful collection of affiliate links to merchant account and
processing providers. Scroll down their front page to their
search tool. You can find an account that suits your needs.
This is most helpful to non-U.S. merchants, or those seeking
'international merchant accounts'.
In the UK, look for 'merchant services' at:
Barclays bank (http://www.barclaycardmerchantservices.co.uk)
NatWest (http://www.natwest.com)
Bank Of Scotland (http://www.bankofscotland.co.uk)
Royal Bank Of Scotland (http://www.rbs.co.uk)
Streamline (http://www.streamline.com)
UK processing services are:
Secpay (http://www.secpay.com)
Netbanx (http://www.netinvest.co.uk)
Protx (http://www.protx.com)
Having one's own merchant account means paying less in
processing fees.
IMPORTANT: You should specify up-front that you are looking for
an internet merchant account. Internet transactions are viewed
as higher risk than those by bricks-and-mortar businesses. The
technical term is 'card not present'.
Some things you may need, if applying for an internet merchant
account of your own:
Business bank account;
Photocopy of a voided cheque for said account;
Copy of the articles of incorporation of your company;
Photocopy of your return policy information;
Trade references;
Photocopy of your driver's license or passport.
In short, you need to prove that both you and your company are
what you say they are. Your account provider is taking a chance
on you. You might send them a ton of bogus orders. A bank is a
business too, not a community service. Help them to make the
right decision! The more you can establish that you are
bona-fide, the lower the cost of your account.
Things to avoid, if you can:
a) Expensive credit-card processing software rental or
hire-purchase.
b) Monthly fees.
c) High discounts (the % of your sales they keep).
d) Fat fees up front (anything over $500 is a joke).
e) Salesmen calling you up with a spiel.
f) Getting lumbered with hiring their shopping cart as well.
Things to look out for at sites offering merchant accounts:
If you need to maintain a U.S. presence - full U.S.
incorporation, U.S. server, U.S. offices, U.S. bank account -
or NOT.
Also if they want a deposit, and the size of their application
fee. And the usual monthly minimums, discounts etc.
Avoid getting into any software purchase or equipment rental.
You can sort all that out later, for less money. There are
plenty of good payment gateways, like Authorize.net
(http://www.authorize.net) just itching for your business.
PS: Don't accept a merchant account from an Eastern European
bank. I did, some years ago. The bank went bust. One guy wailed
on Usenet that he'd lost $10,000 dollars. Luckily for me,
business was bad that year!
About the Author: T. O' Donnell (http://www.tigertom.com) is an
ecommerce consultant in London, UK. His latest projects are a
mortgage calculator and ebook, available at
http://www.tigertom.com/mortgages-uk.shtml
Source: http://www.isnare.com
Monday, April 30, 2007
Saturday, April 28, 2007
Internet Merchant Account
Wireless Merchant Account?
By Shane Penrod
A wireless merchant account can bring your business into the
21st century by enabling you to accept credit payments while on
the go. All you have to do is get approved for a merchant
account and then purchase or lease a wireless credit card
processor that can be transported from one location to another
by employees who collect credit payments from customers. Here’s
how it works.
1. Apply for a wireless merchant account by finding a reputable
merchant services provider to partner with. You can browse many
kinds of merchant account Websites on the Internet to find
those that will approve your company for a commercial account
that will let you accept credit card payments using a wireless
processor. Shop for banks, credit unions, or other financial
institutions that offer merchant services. Apply online, by
mail, or in person with local providers. In many cases you can
get a response within a matter of hours, or at most, a day or
two. Most underwriters look at an application to determine
whether a company has a good credit history, is able to make
monthly payments on a merchant account, and is not involved in
a questionable or unsavory business.
2. Once you have been approved for a wireless merchant account,
you can immediately select the equipment you would like to use.
Check out several units to find one that is the right size and
weight for your company’s needs, especially if it will be
transported for off-site credit processing. You also should be
eligible to get a regular credit card processor to plug into
any outlet in your store or another location, if preferred.
Many units combine printer and terminal for greater
convenience. Purchase prices vary greatly, but you can expect
to spend several hundred dollars to purchase a quality wireless
unit. Your merchant account extras can add to the cost, with the
potential for application, maintenance, service, gateway, and
discount fees, among others. Find out in advance what you will
have to pay for a particular deal up front, monthly, and
annually, and make sure the expenses fit with your company
operating budget.
3. After implementing wireless merchant account equipment, see
how it works for your customers and the degree to which the
company benefits. Processing credit payments can help to
increase profits, since more customers may be eager to make
purchases when they have the flexibility to pay in credit as
opposed to paying in cash or by check. If the initial set-up
works well, you may decide to move on to other electronic
items, like a pager, a check and debit processor, and other
types of equipment that can help your company operate smoothly
and efficiently. Don’t go overboard with buying fancy features
that you really don’t need. Simply purchase or lease the
technology that addresses a specific need that you have already
identified. If it works, you can always add more later. If it
doesn’t, you’re only out the investment on the one item.
About the Author: Shane Penrod is the founder of
Merchant-Account-Quotes.com Specializing in allowing merchants
the ability to shop and compare multiple quotes from national
merchant account providers. For free quotes on merchant account
rates and fees, please go to
http://www.merchant-account-quotes.com
Source: http://www.isnare.com
Friday, April 27, 2007
Internet Merchant Account
6 Questions To Ask A Merchant Account Provider
By Barry Allen
The future of successful businesses lies in perfecting an online business plan. The World Wide Web is acknowledged by management gurus to be the market place of the future. In order to conduct e-commerce you need to be able to accept payments virtually and for this you need to set up what is known as an “internet merchant account.” A random search on yahoo or any other search engine will provide you with more that 500,000 options for merchant account establishment; this means that you need to take an informed decision on which merchant account provider will partner you in your business venture.
As a smart and business savvy entrepreneur you must ensure that you tie up with an “ideal” merchant account provider. To achieve this you will need to conduct a survey on what a merchant account provider does, which ones are reliable, and what your needs are.
Before you tie-up with x,y, or z e-commerce merchant account provider seek answers to:
1. As a merchant will I be able to accept payments both online and offline from any global credit or debit card or am I limited to a few like Visa, MasterCard, and American Express.
2. For internet, retail, and phone sale transactions will I need to put in place separate agreements or authorizations and what will the costs for each be. Will one fee cover the whole bouquet of transaction methods?
3. What are the rules and regulations as well as fees applicable for the different types of transactions like internet, in person, telephonic, mail order, and so on?
4. Once the merchant account is set up will I get automatic merchant account processing or is there an activation system?
5. Will the setting up of SSL security systems and secure online payment gateway be my responsibility or that of the merchant account provider? Are there separate costs for this or does the fee cover all relevant costs?
6. What technology will my website or store need? Will the hardware or software needs be taken care of by the merchant account provider or do I have to provide the infrastructure. If I have to do the needful how much will the equipment cost and who is a reliable provider?
When setting up a merchant account for your online business enterprise it is important to get a clear picture of all that is essential. Find out about infrastructure, equipment, costs, range, future problems, expected changes in technology and costs, security concerns , and reliability.
Starting on the right foot will lead to a long and mutually beneficial partnership. A workable partnership entails honesty and no hidden surprises on either side. So, ask all relevant questions first and sign up later only when you are certain your needs and rights are taken care of entirely.
Barry Allen is a freelance writer for http://www.1866merchantaccount.com, the premier website to find Merchant Account, Offshore Merchant Accounts, Instant Merchant Account, Internet Merchant Account, Merchant Accounts Services and many more.
His article profile can be found at the premier Finance Articles site http://www.1888articles.com/finance-articles-4.html
Article Source: http://EzineArticles.com/?expert=Barry_Allen
http://EzineArticles.com/?6-Questions-To-Ask-A-Merchant-Account-Provider&id=520990
Wednesday, April 25, 2007
Internet Merchant Account
Raise Credit Score - Avoiding Common Credit Mistakes
By Carrie Reeder
The majority of people with a low credit score have likely misused credit. Understandably, some people develop bad credit because of situations beyond their control. These may include sickness, loss of employment, etc. Fortunately, there are ways to raise your credit score. However, to keep a high credit score, using credit wisely is a must. Here are a few tips to help you maintain a high credit rating.
Limit the Amount of Credit Accounts
If you have too much available credit, the temptation to spend money will arise. To avoid this common problem, avoid opening several lines of credit. If you are a student or have good credit, it is easy to get approved for a major credit card. Although credit card companies will generously extend credit, you do not have to accept their offer.
Closing a credit account may decrease your credit rating. If you are unable to exercise self-control and need to close a few credit accounts, it would be better to cancel the newest credit accounts.
Pay More than the Minimum Payments
Carrying a small revolving credit card balance is not harmful. However, if you use your credit card very regularly, it is essential to payoff the balance periodically. The minimum payments barely reduce the finance fees. Thus, to maintain a low credit card balance and a high credit rating, strive to pay more than the minimum payment.
Avoid Credit Card Cash Advances
Most credit cards offer cash advances. With this option, you may visit an ATM machine and withdraw funds from your credit account. Be aware that credit card companies charge high rates and extra fees for cash advances. In this case, minimum payments may increase until the cash advance funds are repaid.
Make Regular Credit Card Monthly Payments
Try using one of ABC Loan Guide's Recommended Sources For a Free Copy of Your Credit Report.
Skipping a credit card payment has several consequences. Aside from the credit card company reporting late payments to the three credit bureaus, companies also charge late fees and may increase the interest rate by several points. Failure to repay a credit card will result in a snowball effect. When this happens, it becomes impossible to keep up with the payments.
View our recommended online Credit Repair Services. Also, view our recommended sources for Credit Card Debt Help Online.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?Raise-Credit-Score---Avoiding-Common-Credit-Mistakes&id=158966
By Carrie Reeder
The majority of people with a low credit score have likely misused credit. Understandably, some people develop bad credit because of situations beyond their control. These may include sickness, loss of employment, etc. Fortunately, there are ways to raise your credit score. However, to keep a high credit score, using credit wisely is a must. Here are a few tips to help you maintain a high credit rating.
Limit the Amount of Credit Accounts
If you have too much available credit, the temptation to spend money will arise. To avoid this common problem, avoid opening several lines of credit. If you are a student or have good credit, it is easy to get approved for a major credit card. Although credit card companies will generously extend credit, you do not have to accept their offer.
Closing a credit account may decrease your credit rating. If you are unable to exercise self-control and need to close a few credit accounts, it would be better to cancel the newest credit accounts.
Pay More than the Minimum Payments
Carrying a small revolving credit card balance is not harmful. However, if you use your credit card very regularly, it is essential to payoff the balance periodically. The minimum payments barely reduce the finance fees. Thus, to maintain a low credit card balance and a high credit rating, strive to pay more than the minimum payment.
Avoid Credit Card Cash Advances
Most credit cards offer cash advances. With this option, you may visit an ATM machine and withdraw funds from your credit account. Be aware that credit card companies charge high rates and extra fees for cash advances. In this case, minimum payments may increase until the cash advance funds are repaid.
Make Regular Credit Card Monthly Payments
Try using one of ABC Loan Guide's Recommended Sources For a Free Copy of Your Credit Report.
Skipping a credit card payment has several consequences. Aside from the credit card company reporting late payments to the three credit bureaus, companies also charge late fees and may increase the interest rate by several points. Failure to repay a credit card will result in a snowball effect. When this happens, it becomes impossible to keep up with the payments.
View our recommended online Credit Repair Services. Also, view our recommended sources for Credit Card Debt Help Online.
Article Source: http://EzineArticles.com/?expert=Carrie_Reeder
http://EzineArticles.com/?Raise-Credit-Score---Avoiding-Common-Credit-Mistakes&id=158966
Tuesday, April 17, 2007
Internet Merchant Account
The Facts About Internet Merchant Accounts
By Mark Woodcock
If you own and operate an online business, then you realize
that without giving your customers the ability to pay for your
merchandise with their credit cards you are not likely to make
much money. Online shopping practically depends on credit card
transactions. Online shopping has never been more prevalent
than it is right now, and the vast majority of online customers
prefer to pay for their goods with their credit cards. That is
why you need to consider opening an Internet merchant account.
By doing so, you will be able to provide a quick and convenient
payment method for your customers, as well as provide your
business the opportunity to expand tremendously.
An Internet merchant account is set up an online merchant
account provider for an online business in order to accept
credit cards as payment from customers. The account provider
works to authorize credit card purchases and makes sure that
the funds are deposited into your business bank account.
Traditionally, merchant accounts were not offered by banks to
online business owners. But, with the increase in online
shopping in recent years, there are a number of Internet
merchant account providers turning up that offer services
specifically to those business owners that market their
products online. Banks still typically do not offer online
merchant accounts, out of fear of credit card fraud. When you
decide to search for an Internet merchant account, since there
are so many providers out there, it is important that you
research all of the factors involved with Internet merchant
accounts, particularly the fees and services, so that your
profits stay with you and your business continues to grow.
There are many potential costs associated with opening and
keeping a merchant account. Not all Internet merchant account
providers will charge these fees. These fees include the
application fee, which is incurred by the provider to cover
application processing costs, no matter if you open a merchant
account or not. Some Internet merchant account providers will
waive the fee if you do open an account with them. And some
merchant account providers don't even charge this fee. Often,
an annual fee is charged on an Internet merchant account as
well. Providers charge this fee for no other reason than for
having an open account with them. There is the statement fee, a
monthly charge that can be as much as $25 per month, which is
imposed to cover the account provider's own costs. Another type
of fee, the discount rate, is deducted from each and every one
of your sales, usually between 2 and 4 percent. The fixed
transaction fee, like the discount fee, is based on each sale,
but is a static amount regardless of the cost of the
merchandise bought, usually .20-.30. There are also various
miscellaneous fees that are levied on your account, including a
termination fee, which is charged if you cancel your account
before the contract is up. Further, there are even charges that
are withdrawn if a customer requests a refund, with the purchase
amount credited back to their credit card.
Obviously, there are many potential hefty costs associated with
an Internet merchant account, and it can take your profits away
from you. It is important that you assess different the
Internet merchant account providers and the fees that they will
charge so that you don't lose money unnecessarily. One way to do
this is by using your current sales data to estimate the costs
of your Internet merchant account.
With an Internet merchant account, payment processing usually
comes in the form of real-time processing. Real-time processing
is ideal for online merchants because the credit card is
directly processed at the time an order is placed. The customer
quickly receives an email notification that the order is
accepted and the fund transfer is approved, once verification
and approval of the credit card is received. There is usually a
slight delay of a few days before the funds will be deposited
into your bank account.
Ideally, you will want to have a sustaining business
relationship with your Internet merchant account provider.
There should be no doubt in the trust or confidence you have in
your provider. In addition to speedy processing of your credit
card sales, your Internet merchant account provider should
offer other services that will allow all of your business
transactions to run smoothly. They should accommodate several
brands of credit cards (Visa, Mastercard, Discover, American
Express, etc.), as well as providing additional payment
alternatives, like PayPal. They should have a clean record of
good service and consistency. And they should be superlative in
providing you customer service. All issues or problems should be
handled tactfully and quickly. Because of the apparent necessity
of having an Internet merchant account, the provider you choose
can make or break your business with fees and service. It is
critical to know the facts about Internet merchant accounts and
their providers so that your business continues to thrive.
About the Author: Mark is a director of 3 Internet Companies,
is a published author and has written many articles on a
widespread number of topics. All his articles may be reproduced
provided that an active link is included to
http://www.merchants-account-services.com
Source: http://www.isnare.com
By Mark Woodcock
If you own and operate an online business, then you realize
that without giving your customers the ability to pay for your
merchandise with their credit cards you are not likely to make
much money. Online shopping practically depends on credit card
transactions. Online shopping has never been more prevalent
than it is right now, and the vast majority of online customers
prefer to pay for their goods with their credit cards. That is
why you need to consider opening an Internet merchant account.
By doing so, you will be able to provide a quick and convenient
payment method for your customers, as well as provide your
business the opportunity to expand tremendously.
An Internet merchant account is set up an online merchant
account provider for an online business in order to accept
credit cards as payment from customers. The account provider
works to authorize credit card purchases and makes sure that
the funds are deposited into your business bank account.
Traditionally, merchant accounts were not offered by banks to
online business owners. But, with the increase in online
shopping in recent years, there are a number of Internet
merchant account providers turning up that offer services
specifically to those business owners that market their
products online. Banks still typically do not offer online
merchant accounts, out of fear of credit card fraud. When you
decide to search for an Internet merchant account, since there
are so many providers out there, it is important that you
research all of the factors involved with Internet merchant
accounts, particularly the fees and services, so that your
profits stay with you and your business continues to grow.
There are many potential costs associated with opening and
keeping a merchant account. Not all Internet merchant account
providers will charge these fees. These fees include the
application fee, which is incurred by the provider to cover
application processing costs, no matter if you open a merchant
account or not. Some Internet merchant account providers will
waive the fee if you do open an account with them. And some
merchant account providers don't even charge this fee. Often,
an annual fee is charged on an Internet merchant account as
well. Providers charge this fee for no other reason than for
having an open account with them. There is the statement fee, a
monthly charge that can be as much as $25 per month, which is
imposed to cover the account provider's own costs. Another type
of fee, the discount rate, is deducted from each and every one
of your sales, usually between 2 and 4 percent. The fixed
transaction fee, like the discount fee, is based on each sale,
but is a static amount regardless of the cost of the
merchandise bought, usually .20-.30. There are also various
miscellaneous fees that are levied on your account, including a
termination fee, which is charged if you cancel your account
before the contract is up. Further, there are even charges that
are withdrawn if a customer requests a refund, with the purchase
amount credited back to their credit card.
Obviously, there are many potential hefty costs associated with
an Internet merchant account, and it can take your profits away
from you. It is important that you assess different the
Internet merchant account providers and the fees that they will
charge so that you don't lose money unnecessarily. One way to do
this is by using your current sales data to estimate the costs
of your Internet merchant account.
With an Internet merchant account, payment processing usually
comes in the form of real-time processing. Real-time processing
is ideal for online merchants because the credit card is
directly processed at the time an order is placed. The customer
quickly receives an email notification that the order is
accepted and the fund transfer is approved, once verification
and approval of the credit card is received. There is usually a
slight delay of a few days before the funds will be deposited
into your bank account.
Ideally, you will want to have a sustaining business
relationship with your Internet merchant account provider.
There should be no doubt in the trust or confidence you have in
your provider. In addition to speedy processing of your credit
card sales, your Internet merchant account provider should
offer other services that will allow all of your business
transactions to run smoothly. They should accommodate several
brands of credit cards (Visa, Mastercard, Discover, American
Express, etc.), as well as providing additional payment
alternatives, like PayPal. They should have a clean record of
good service and consistency. And they should be superlative in
providing you customer service. All issues or problems should be
handled tactfully and quickly. Because of the apparent necessity
of having an Internet merchant account, the provider you choose
can make or break your business with fees and service. It is
critical to know the facts about Internet merchant accounts and
their providers so that your business continues to thrive.
About the Author: Mark is a director of 3 Internet Companies,
is a published author and has written many articles on a
widespread number of topics. All his articles may be reproduced
provided that an active link is included to
http://www.merchants-account-services.com
Source: http://www.isnare.com
Monday, April 16, 2007
Internet Merchant Account
Internet Merchant Account Provider
By Alison Cole
An Internet merchant account is an account with a bank or a financial institution that allows a businessman to accept credit card payments from his clients via the Internet. The payment gateway essentially transmits the required data to the Internet merchant account provider. Most local banks, however, do not offer Internet merchant account capability.
There are reasons why local banks or financial institutions do not want to give online merchant accounts. One is because transactions through the Internet are completely unlike face-to-face transactions, where a signature from the customer is required to approve the purchase. Thus, online truncations are deemed susceptible to credit card fraud. When choosing an Internet merchant account provider, fraud protection should be one of your major considerations.
So, how much will it cost? Comprehending the costs of your merchant provider can be complicated. Characteristically, an Internet merchant account will have certain costs.
Many Internet merchant accounts require a fee for application. This fee, purportedly, is to cover their expenses for processing the application. In the case that you eventually do not open an Internet merchant account, they will still ask for the initial payment. Many providers waive these up front application fees, and it is recommended that one chooses a provider that does not require up front application fees.
Almost all Internet merchant providers need a “statement fee"" (as the monthly fee is commonly named); this is simply a different way to cover costs and make some money. It is difficult to find providers who do not ask for this type of payment.
Then there is the discount rate, which is usually between 2 to 4 percent. The discount rate is actually the sales commission that the provider earns on every sale. For instance, if the discount rate is 3% and you get a sale over your web site for $10, you will owe 30 cents to the Internet merchant provider.
The fixed transaction fee is somewhere between $0.20 and $0.30. It is the fixed fee portion of every sale. The fixed transaction fee, unlike the discount fee, is the same for every transaction. Whether you get a $10 sale or a $50 sale, the transaction fee will not change.
Also, there is the termination fee that can apply if you cancel your account within a particular period of time (generally a year). There are some merchant providers who require a three-year commitment from your side.
If a customer requests for a refund, an Internet merchant provider can charge you a separate fee (somewhere around $20).
Merchant Account Providers provides detailed information on Merchant Account Providers, Internet Merchant Account Provider, Merchant Account Service Providers, Become a Merchant Account Provider and more. Merchant Account Providers is affiliated with Free Webcam Chat.
Article Source: http://EzineArticles.com/?expert=Alison_Cole
http://EzineArticles.com/?Internet-Merchant-Account-Provider&id=273024
By Alison Cole
An Internet merchant account is an account with a bank or a financial institution that allows a businessman to accept credit card payments from his clients via the Internet. The payment gateway essentially transmits the required data to the Internet merchant account provider. Most local banks, however, do not offer Internet merchant account capability.
There are reasons why local banks or financial institutions do not want to give online merchant accounts. One is because transactions through the Internet are completely unlike face-to-face transactions, where a signature from the customer is required to approve the purchase. Thus, online truncations are deemed susceptible to credit card fraud. When choosing an Internet merchant account provider, fraud protection should be one of your major considerations.
So, how much will it cost? Comprehending the costs of your merchant provider can be complicated. Characteristically, an Internet merchant account will have certain costs.
Many Internet merchant accounts require a fee for application. This fee, purportedly, is to cover their expenses for processing the application. In the case that you eventually do not open an Internet merchant account, they will still ask for the initial payment. Many providers waive these up front application fees, and it is recommended that one chooses a provider that does not require up front application fees.
Almost all Internet merchant providers need a “statement fee"" (as the monthly fee is commonly named); this is simply a different way to cover costs and make some money. It is difficult to find providers who do not ask for this type of payment.
Then there is the discount rate, which is usually between 2 to 4 percent. The discount rate is actually the sales commission that the provider earns on every sale. For instance, if the discount rate is 3% and you get a sale over your web site for $10, you will owe 30 cents to the Internet merchant provider.
The fixed transaction fee is somewhere between $0.20 and $0.30. It is the fixed fee portion of every sale. The fixed transaction fee, unlike the discount fee, is the same for every transaction. Whether you get a $10 sale or a $50 sale, the transaction fee will not change.
Also, there is the termination fee that can apply if you cancel your account within a particular period of time (generally a year). There are some merchant providers who require a three-year commitment from your side.
If a customer requests for a refund, an Internet merchant provider can charge you a separate fee (somewhere around $20).
Merchant Account Providers provides detailed information on Merchant Account Providers, Internet Merchant Account Provider, Merchant Account Service Providers, Become a Merchant Account Provider and more. Merchant Account Providers is affiliated with Free Webcam Chat.
Article Source: http://EzineArticles.com/?expert=Alison_Cole
http://EzineArticles.com/?Internet-Merchant-Account-Provider&id=273024
Saturday, April 14, 2007
Internet Merchant Account
Free Internet Merchant Accounts
By Seth Miller
Any business which wants to grow in today’s world must accept online payments made through credit cards. This would require an Internet merchant account. Small businesses can also open free merchant accounts to save initial costs.
A free Internet merchant account can be opened by involving a third-party processing company. The third party processor company has its own online merchant account. When you authorize this company on your behalf, it starts accepting online payments through credit cards for your products or services. A particular amount is deducted from this sale by the third party processor as a commission. The rest of the money is transferred to your offline merchant account. The commission is often known as a processing fee. This is how the third party processor makes a profit. Hence, it does not charge you anything up front. Usually, the fee charged by a third party processor is slightly higher than the fee charged for an original online merchant account operated by the merchant.
Not all third party processor companies offer free Internet merchant accounts. Some of them may charge a nominal fee. But there are many companies which help you in receiving online payments without charging an initial fee. It is only after the payments have been received that a commission is charged.
Before hiring the services of a third party processing company, it is always advisable to check its past record. Try and go for stable and well-known entities, because there is always the risk of fly-by-night operators vanishing with your hard-earned money.
Filling some basic information and signing an agreement with the third party processing companies can help open such accounts. A free Internet merchant account helps you tap potential online business opportunities even if you don't have a web site.
Internet Merchant Accounts provides detailed information on Internet Merchant Accounts, Free Internet Merchant Accounts, Ecommerce Internet Merchant Accounts, Internet Merchant Credit Card Accounts and more. Internet Merchant Accounts is affiliated with International Ecommerce Merchant Accounts.
Article Source: http://EzineArticles.com/?expert=Seth_Miller
http://EzineArticles.com/?Free-Internet-Merchant-Accounts&id=251504
By Seth Miller
Any business which wants to grow in today’s world must accept online payments made through credit cards. This would require an Internet merchant account. Small businesses can also open free merchant accounts to save initial costs.
A free Internet merchant account can be opened by involving a third-party processing company. The third party processor company has its own online merchant account. When you authorize this company on your behalf, it starts accepting online payments through credit cards for your products or services. A particular amount is deducted from this sale by the third party processor as a commission. The rest of the money is transferred to your offline merchant account. The commission is often known as a processing fee. This is how the third party processor makes a profit. Hence, it does not charge you anything up front. Usually, the fee charged by a third party processor is slightly higher than the fee charged for an original online merchant account operated by the merchant.
Not all third party processor companies offer free Internet merchant accounts. Some of them may charge a nominal fee. But there are many companies which help you in receiving online payments without charging an initial fee. It is only after the payments have been received that a commission is charged.
Before hiring the services of a third party processing company, it is always advisable to check its past record. Try and go for stable and well-known entities, because there is always the risk of fly-by-night operators vanishing with your hard-earned money.
Filling some basic information and signing an agreement with the third party processing companies can help open such accounts. A free Internet merchant account helps you tap potential online business opportunities even if you don't have a web site.
Internet Merchant Accounts provides detailed information on Internet Merchant Accounts, Free Internet Merchant Accounts, Ecommerce Internet Merchant Accounts, Internet Merchant Credit Card Accounts and more. Internet Merchant Accounts is affiliated with International Ecommerce Merchant Accounts.
Article Source: http://EzineArticles.com/?expert=Seth_Miller
http://EzineArticles.com/?Free-Internet-Merchant-Accounts&id=251504
Friday, April 13, 2007
Internet Merchant Account
International Merchant Account Services – Are They Good Enough?
By Sara K
International merchant accounts offer business owners bigger opportunities for international trade. These merchant accounts are preferred over the domestic merchant accounts due to their easy acceptance and flexible rules. Not only that but international merchant accounts offer great economical advantages along with tax reductions. Merchants who have offshore and international merchant accounts get greater tax benefits because their merchant accounts are in some foreign country and hence the rules of the native country normally don’t apply.
Worldwide merchant account services provide you additional benefits like multi-currency processing facility which is a great facility not just for the merchants but also for the customers. Now international merchant account services are preferred worldwide due to the various advantages these merchant account owners get.
International merchant account service providers offer greater fraud protection and scam control for their merchants. The sales volume is not restricted and you get high volume merchant accounts that allow you to grow your business without any fear of your merchant account being closed down.
Worldwide merchant account services tend to offer safe and secure payment gateways and virtual terminals as well as online reporting for international merchant accounts. Not just that but the international merchant account customers are also able to accept major credit/debit cards.
International merchant accounts might have higher processing fees but the advantages they offer in terms of low to zero taxes with no volume limitations or processing restrictions make it all worth it. Having a merchant account service provider that offers worldwide services assists you in expanding your business around the globe. Millions of businesses around the world have established their mark by offering services and products online and international merchant accounts allow you to explore and spread out your business beyond the geographical boundaries.
With Instabill.com you get several payment processing solutions and cost effective solutions. Our international merchant account owners get a 24/7 customer support and are able to carry their online transactions safely in a secure and safe environment. With SSL encryption and fraud prevention tools merchants feel more secure. Increase your sales exponentially, whether you are in UK, US, Canada, Asia, Australia or anywhere in the Panama, our international merchant account services will offer you real-time processing and a lot more.
Article Source: http://EzineArticles.com/?expert=Sara_K
http://EzineArticles.com/?International-Merchant-Account-Services---Are-They-Good-Enough?&id=507256
By Sara K
International merchant accounts offer business owners bigger opportunities for international trade. These merchant accounts are preferred over the domestic merchant accounts due to their easy acceptance and flexible rules. Not only that but international merchant accounts offer great economical advantages along with tax reductions. Merchants who have offshore and international merchant accounts get greater tax benefits because their merchant accounts are in some foreign country and hence the rules of the native country normally don’t apply.
Worldwide merchant account services provide you additional benefits like multi-currency processing facility which is a great facility not just for the merchants but also for the customers. Now international merchant account services are preferred worldwide due to the various advantages these merchant account owners get.
International merchant account service providers offer greater fraud protection and scam control for their merchants. The sales volume is not restricted and you get high volume merchant accounts that allow you to grow your business without any fear of your merchant account being closed down.
Worldwide merchant account services tend to offer safe and secure payment gateways and virtual terminals as well as online reporting for international merchant accounts. Not just that but the international merchant account customers are also able to accept major credit/debit cards.
International merchant accounts might have higher processing fees but the advantages they offer in terms of low to zero taxes with no volume limitations or processing restrictions make it all worth it. Having a merchant account service provider that offers worldwide services assists you in expanding your business around the globe. Millions of businesses around the world have established their mark by offering services and products online and international merchant accounts allow you to explore and spread out your business beyond the geographical boundaries.
With Instabill.com you get several payment processing solutions and cost effective solutions. Our international merchant account owners get a 24/7 customer support and are able to carry their online transactions safely in a secure and safe environment. With SSL encryption and fraud prevention tools merchants feel more secure. Increase your sales exponentially, whether you are in UK, US, Canada, Asia, Australia or anywhere in the Panama, our international merchant account services will offer you real-time processing and a lot more.
Article Source: http://EzineArticles.com/?expert=Sara_K
http://EzineArticles.com/?International-Merchant-Account-Services---Are-They-Good-Enough?&id=507256
Thursday, April 12, 2007
Internet Merchant Account
Internet Merchant Account Provider
By Alison Cole
An Internet merchant account is an account with a bank or a financial institution that allows a businessman to accept credit card payments from his clients via the Internet. The payment gateway essentially transmits the required data to the Internet merchant account provider. Most local banks, however, do not offer Internet merchant account capability.
There are reasons why local banks or financial institutions do not want to give online merchant accounts. One is because transactions through the Internet are completely unlike face-to-face transactions, where a signature from the customer is required to approve the purchase. Thus, online truncations are deemed susceptible to credit card fraud. When choosing an Internet merchant account provider, fraud protection should be one of your major considerations.
So, how much will it cost? Comprehending the costs of your merchant provider can be complicated. Characteristically, an Internet merchant account will have certain costs.
Many Internet merchant accounts require a fee for application. This fee, purportedly, is to cover their expenses for processing the application. In the case that you eventually do not open an Internet merchant account, they will still ask for the initial payment. Many providers waive these up front application fees, and it is recommended that one chooses a provider that does not require up front application fees.
Almost all Internet merchant providers need a “statement fee"" (as the monthly fee is commonly named); this is simply a different way to cover costs and make some money. It is difficult to find providers who do not ask for this type of payment.
Then there is the discount rate, which is usually between 2 to 4 percent. The discount rate is actually the sales commission that the provider earns on every sale. For instance, if the discount rate is 3% and you get a sale over your web site for $10, you will owe 30 cents to the Internet merchant provider.
The fixed transaction fee is somewhere between $0.20 and $0.30. It is the fixed fee portion of every sale. The fixed transaction fee, unlike the discount fee, is the same for every transaction. Whether you get a $10 sale or a $50 sale, the transaction fee will not change.
Also, there is the termination fee that can apply if you cancel your account within a particular period of time (generally a year). There are some merchant providers who require a three-year commitment from your side.
If a customer requests for a refund, an Internet merchant provider can charge you a separate fee (somewhere around $20).
Merchant Account Providers provides detailed information on Merchant Account Providers, Internet Merchant Account Provider, Merchant Account Service Providers, Become a Merchant Account Provider and more. Merchant Account Providers is affiliated with Free Webcam Chat.
Article Source: http://EzineArticles.com/?expert=Alison_Cole
http://EzineArticles.com/?Internet-Merchant-Account-Provider&id=273024
By Alison Cole
An Internet merchant account is an account with a bank or a financial institution that allows a businessman to accept credit card payments from his clients via the Internet. The payment gateway essentially transmits the required data to the Internet merchant account provider. Most local banks, however, do not offer Internet merchant account capability.
There are reasons why local banks or financial institutions do not want to give online merchant accounts. One is because transactions through the Internet are completely unlike face-to-face transactions, where a signature from the customer is required to approve the purchase. Thus, online truncations are deemed susceptible to credit card fraud. When choosing an Internet merchant account provider, fraud protection should be one of your major considerations.
So, how much will it cost? Comprehending the costs of your merchant provider can be complicated. Characteristically, an Internet merchant account will have certain costs.
Many Internet merchant accounts require a fee for application. This fee, purportedly, is to cover their expenses for processing the application. In the case that you eventually do not open an Internet merchant account, they will still ask for the initial payment. Many providers waive these up front application fees, and it is recommended that one chooses a provider that does not require up front application fees.
Almost all Internet merchant providers need a “statement fee"" (as the monthly fee is commonly named); this is simply a different way to cover costs and make some money. It is difficult to find providers who do not ask for this type of payment.
Then there is the discount rate, which is usually between 2 to 4 percent. The discount rate is actually the sales commission that the provider earns on every sale. For instance, if the discount rate is 3% and you get a sale over your web site for $10, you will owe 30 cents to the Internet merchant provider.
The fixed transaction fee is somewhere between $0.20 and $0.30. It is the fixed fee portion of every sale. The fixed transaction fee, unlike the discount fee, is the same for every transaction. Whether you get a $10 sale or a $50 sale, the transaction fee will not change.
Also, there is the termination fee that can apply if you cancel your account within a particular period of time (generally a year). There are some merchant providers who require a three-year commitment from your side.
If a customer requests for a refund, an Internet merchant provider can charge you a separate fee (somewhere around $20).
Merchant Account Providers provides detailed information on Merchant Account Providers, Internet Merchant Account Provider, Merchant Account Service Providers, Become a Merchant Account Provider and more. Merchant Account Providers is affiliated with Free Webcam Chat.
Article Source: http://EzineArticles.com/?expert=Alison_Cole
http://EzineArticles.com/?Internet-Merchant-Account-Provider&id=273024
Wednesday, April 11, 2007
Internet Merchant Account
Ecommerce Internet Merchant Accounts
By Seth Miller
For Internet-based businesses there is always a need to find an appropriate e-commerce solution. This itself can be a challenging task. The ideal e-commerce solution should facilitate online purchases and payments through credit cards.
The process should be automated, safe and secure, because the credit card information stands chances of being misused by someone who is not authorized to use it.
There are a number of e-commerce solutions available which enable online payments through credit cards. One of them is the Internet merchant account. This account can be opened online within a few minutes. Payments made through credit cards after online shopping get transferred to your Internet merchant account within minutes of the completion of the transaction. However, sometime it may take a bit longer.
While opting for an e-commerce solution through online merchant account, several things have to be kept in mind, such as technical support, security, fees charged for maintaining your account, and commissions on various transactions.
If there is a problem opening a merchant account on the Internet, one can opt for a third-party processing company. This is an Internet merchant account which the company operates on your behalf. The payments made through credit cards for your products or services are transferred to your offline merchant account. There may small fees for opening such accounts, and later a commission is charged on transactions.
Various market surveys have indicated that accepting online payments through credit cards helps increase sales. This clearly implies that if you haven’t got an e-commerce solution for your business, you’d better start looking for one. You can start an Internet merchant account by filling out a simple online form and spending around 100 dollars or so.
Internet Merchant Accounts provides detailed information on Internet Merchant Accounts, Free Internet Merchant Accounts, Ecommerce Internet Merchant Accounts, Internet Merchant Credit Card Accounts and more. Internet Merchant Accounts is affiliated with International Ecommerce Merchant Accounts.
Article Source: http://EzineArticles.com/?expert=Seth_Miller
http://EzineArticles.com/?Ecommerce-Internet-Merchant-Accounts&id=252997
By Seth Miller
For Internet-based businesses there is always a need to find an appropriate e-commerce solution. This itself can be a challenging task. The ideal e-commerce solution should facilitate online purchases and payments through credit cards.
The process should be automated, safe and secure, because the credit card information stands chances of being misused by someone who is not authorized to use it.
There are a number of e-commerce solutions available which enable online payments through credit cards. One of them is the Internet merchant account. This account can be opened online within a few minutes. Payments made through credit cards after online shopping get transferred to your Internet merchant account within minutes of the completion of the transaction. However, sometime it may take a bit longer.
While opting for an e-commerce solution through online merchant account, several things have to be kept in mind, such as technical support, security, fees charged for maintaining your account, and commissions on various transactions.
If there is a problem opening a merchant account on the Internet, one can opt for a third-party processing company. This is an Internet merchant account which the company operates on your behalf. The payments made through credit cards for your products or services are transferred to your offline merchant account. There may small fees for opening such accounts, and later a commission is charged on transactions.
Various market surveys have indicated that accepting online payments through credit cards helps increase sales. This clearly implies that if you haven’t got an e-commerce solution for your business, you’d better start looking for one. You can start an Internet merchant account by filling out a simple online form and spending around 100 dollars or so.
Internet Merchant Accounts provides detailed information on Internet Merchant Accounts, Free Internet Merchant Accounts, Ecommerce Internet Merchant Accounts, Internet Merchant Credit Card Accounts and more. Internet Merchant Accounts is affiliated with International Ecommerce Merchant Accounts.
Article Source: http://EzineArticles.com/?expert=Seth_Miller
http://EzineArticles.com/?Ecommerce-Internet-Merchant-Accounts&id=252997
Tuesday, April 10, 2007
Internet Merchant Account
Internet Merchant Accounts
By Seth Miller
A merchant account enables one to accept credit card payments. There are different kinds of merchant accounts, and Internet merchant accounts are one of them.
Such accounts can be used only for online transactions. To process credit card payments one has to use a payment service gateway. These kinds of gateways are now part of most business webhosting packages. They can be customized to cater to the requirements of merchants. The transaction fee charged by Internet accounts is higher than the retail and Mail Order-Telephone Order (MOTO) accounts.
While operating an Internet merchant account, security is an important issue. The nature and volume of business determines whether you need an Internet merchant account or not. One should read and understand the terms and conditions for operating this account carefully, before accepting them.
If you have $100, you can easily open an Internet merchant account; if you are paying more than this amount then you are being overcharged. Internet merchant accounts provide an account holder the ability to process transactions anywhere in the world. You can do it while traveling.
An Internet merchant account can be opened in a few minutes by filling out a form which is available online. It gets activated within seconds. Earlier, when online merchant accounts were not available, it used to take at least a few days and a few hundred dollars to open a merchant account. But the advent of the Internet merchant account has revolutionized the concept of merchant accounts. Even small businesses can afford to open such accounts. If you have a problem in operating your Internet merchant account, you can use the technical support made available by your banker.
But before you go for an online merchant account, you must find out whether you actually need it. Businesses dependent on online transactions generally find it beneficial. It is better to have a website before one opens an Internet merchant account.
Internet Merchant Accounts provides detailed information on Internet Merchant Accounts, Free Internet Merchant Accounts, Ecommerce Internet Merchant Accounts, Internet Merchant Credit Card Accounts and more. Internet Merchant Accounts is affiliated with International Ecommerce Merchant Accounts.
Article Source: http://EzineArticles.com/?expert=Seth_Miller
http://EzineArticles.com/?Internet-Merchant-Accounts&id=247687
By Seth Miller
A merchant account enables one to accept credit card payments. There are different kinds of merchant accounts, and Internet merchant accounts are one of them.
Such accounts can be used only for online transactions. To process credit card payments one has to use a payment service gateway. These kinds of gateways are now part of most business webhosting packages. They can be customized to cater to the requirements of merchants. The transaction fee charged by Internet accounts is higher than the retail and Mail Order-Telephone Order (MOTO) accounts.
While operating an Internet merchant account, security is an important issue. The nature and volume of business determines whether you need an Internet merchant account or not. One should read and understand the terms and conditions for operating this account carefully, before accepting them.
If you have $100, you can easily open an Internet merchant account; if you are paying more than this amount then you are being overcharged. Internet merchant accounts provide an account holder the ability to process transactions anywhere in the world. You can do it while traveling.
An Internet merchant account can be opened in a few minutes by filling out a form which is available online. It gets activated within seconds. Earlier, when online merchant accounts were not available, it used to take at least a few days and a few hundred dollars to open a merchant account. But the advent of the Internet merchant account has revolutionized the concept of merchant accounts. Even small businesses can afford to open such accounts. If you have a problem in operating your Internet merchant account, you can use the technical support made available by your banker.
But before you go for an online merchant account, you must find out whether you actually need it. Businesses dependent on online transactions generally find it beneficial. It is better to have a website before one opens an Internet merchant account.
Internet Merchant Accounts provides detailed information on Internet Merchant Accounts, Free Internet Merchant Accounts, Ecommerce Internet Merchant Accounts, Internet Merchant Credit Card Accounts and more. Internet Merchant Accounts is affiliated with International Ecommerce Merchant Accounts.
Article Source: http://EzineArticles.com/?expert=Seth_Miller
http://EzineArticles.com/?Internet-Merchant-Accounts&id=247687
Monday, April 9, 2007
Internet Merchant Account
Replica Merchant Accounts
By Sara K
Replica business is considered high risk due to its potential nature of attracting fraud and chargeback. That is why banks and credit card processors are so reluctant about providing such businesses with replica merchant accounts.
Merchandise like handbags, wallets, watches, shoes etc fall into the category of replica products. Banks and processors alike remain dubious about providing merchants with replica merchant accounts. And even if such merchants are offered replica merchant accounts, there is still a large possibility that their accounts will be closed down once their business starts growing and they start getting high volume sales. Still there are some merchant account providers out there who are willing to take the risk and offer replica merchant accounts to replica product suppliers.
When searching for a replica merchant account, make sure that the merchant account provider also offers a high volume merchant account. Because once your business starts to expand you would require a merchant account that will be able to handle the high volume sales.
Some merchant account providers offer worldwide services for all kinds of high risk merchants. Go for only such replica merchant account providers who offer offshore merchant accounts with absolutely no sales limits and offer secure payment gateways along with a virtual terminal and risk management techniques. Fraud protection is another important issue for high risk merchants and those who own replica merchant accounts must be provided with all kinds of fraud prevention tools and safe online processing facilities. Merchant account providers need to ensure that replica merchant account owners can offer their customers various payment processing solutions and multi-currency processing services. SSL encrypted servers and 3D Secure offer additional security for replica merchant accounts.
Being a high risk business, replica merchant account owners need to be careful when choosing a merchant account provider, as the slightest of error might lead to a larger loss in future.
With Instabill’s Replica Merchant Accounts, you gain paramount benefits and a significant boost in sales. We offer real-time processing and cost effective solutions with online reporting facility and recurring billing services to replica merchant account owners, helping them increase their sales exponentially.
Article Source: http://EzineArticles.com/?expert=Sara_K
http://EzineArticles.com/?Replica-Merchant-Accounts&id=507248
By Sara K
Replica business is considered high risk due to its potential nature of attracting fraud and chargeback. That is why banks and credit card processors are so reluctant about providing such businesses with replica merchant accounts.
Merchandise like handbags, wallets, watches, shoes etc fall into the category of replica products. Banks and processors alike remain dubious about providing merchants with replica merchant accounts. And even if such merchants are offered replica merchant accounts, there is still a large possibility that their accounts will be closed down once their business starts growing and they start getting high volume sales. Still there are some merchant account providers out there who are willing to take the risk and offer replica merchant accounts to replica product suppliers.
When searching for a replica merchant account, make sure that the merchant account provider also offers a high volume merchant account. Because once your business starts to expand you would require a merchant account that will be able to handle the high volume sales.
Some merchant account providers offer worldwide services for all kinds of high risk merchants. Go for only such replica merchant account providers who offer offshore merchant accounts with absolutely no sales limits and offer secure payment gateways along with a virtual terminal and risk management techniques. Fraud protection is another important issue for high risk merchants and those who own replica merchant accounts must be provided with all kinds of fraud prevention tools and safe online processing facilities. Merchant account providers need to ensure that replica merchant account owners can offer their customers various payment processing solutions and multi-currency processing services. SSL encrypted servers and 3D Secure offer additional security for replica merchant accounts.
Being a high risk business, replica merchant account owners need to be careful when choosing a merchant account provider, as the slightest of error might lead to a larger loss in future.
With Instabill’s Replica Merchant Accounts, you gain paramount benefits and a significant boost in sales. We offer real-time processing and cost effective solutions with online reporting facility and recurring billing services to replica merchant account owners, helping them increase their sales exponentially.
Article Source: http://EzineArticles.com/?expert=Sara_K
http://EzineArticles.com/?Replica-Merchant-Accounts&id=507248
Subscribe to:
Posts (Atom)