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How Would You Rate A Merchant Account?

How Would You Rate A Merchant Account?

Like most, you a probably pretty fed up with all the merchant credit card rate increases.  This has prompted many to “shop around” for a cheap merchant account. Maybe you see it advertised on the web.  Perhaps a sales agent calls you on the phone and sells you.  When it is time to decide, what do you look for?    Do you look for a really low discount rate and statement fee?  Or do you choose a company who has the greatest name recognition and fanciest ad slicks?

You will no doubt be surprised to learn that there is little difference between rates anymore. The majority of your merchant account fees are generated from Interchange and Assessment fees which are standard.  You will be even more surprised to learn who gets that money!  

Sure every company promises a low discount rate and low monthly fees.  With the new mandatory PCI compliance, and new rate increases, does the low discount rate really matter?  There are many other factors that affect your pricing.

I am not trying to discourage you from looking around.  In fact, I think that you can get a cheap merchant account with great service.  But it is going to take some legwork on your part.  Are you willing to spend some quality time with your internet?  Are you willing to make some phone calls and ask the right questions?  If so then you will find the best merchant account.   You can learn more about it here:  Rate Merchant Account

Chris DuPont is the owner of Merchant Statement Analysis which offers the best merchant account service and pricing available. Visit his merchant account blog at Merchant Statement Analysis Blog


Article from articlesbase.com

Revealed: The ?ins And Outs’ Of Credit Card Processing

Revealed: The ?ins And Outs’ Of Credit Card Processing

If you have spent time browsing on the internet then I’m sure you’ll appreciate the importance of being able to process credit cards for businesses which operate online.

Having the ability to process credit cards allows the online business to access and receive orders from a much larger spectrum of possible clients. Credit card processing is one of the main factors required for growing a successful internet business,

This article will aid your understanding of credit card processing and will cover the benefits of utilizing credit card processing capabilities for your internet business and also the procedures involved with implementing credit card processing into online business systems.

So Why Is Credit Card Processing So Important?

Other than being able to accept credit card payments, which is essential, credit card processing enables you to dramatically increase the efficiency and effectiveness of your online business as it allows you to automate almost all your payment procedures as well as giving your customers an easy hassle free transaction method.

Having credit card processing facilities for your online business will make the whole buying experience for your customers much simpler and straightforward. As it cuts out the hassles of having to send checks or place orders by telephone, all they do is simply enter in their credit card details and voila, the system handles the order and processes the transaction. It also saves you the problems and hassles of having to handle checks and credit card orders, saving you valuable time and money.

The biggest bonus of accepting credit cards is the fact that it will enable you to automate virtually all of your online transactions and as you will know an online business needs to be able to operate 24 hours a day and 7 days a week, so automation is key to success. Credit card processing capabilities handle everything for you, so you don’t have to be chained to your desk attending and monitoring everything.

So How Do You Get Started Credit Card Processing?

The most important requirement for credit card processing is to have an online merchant account, which is a service you subscribe to, to process the orders for you. There are a large number of different merchant account providers out there which cater for all kinds of businesses wanting to process credit card orders. Many charge monthly fees while some charge one off payments for their credit card processing services. However with the likes of Paypal and the reported development of a Google payment system, prices are sure to come down in the future.

However before you jump in a choose a credit card processing service, shop around and don’t just go for the cheapest option as good customer service, security and reliability are key for any successful online business, so it should be one of your main concerns while you grow and expand your internet business.

For more information on credit card processing and learn how to increase your profits using a merchant account visit: http://www.1merchantaccount.info/


Article from articlesbase.com

How Would You Rate A Merchant Account?

How Would You Rate A Merchant Account?

Like most, you a probably pretty fed up with all the merchant credit card rate increases.  This has prompted many to “shop around” for a cheap merchant account. Maybe you see it advertised on the web.  Perhaps a sales agent calls you on the phone and sells you.  When it is time to decide, what do you look for?    Do you look for a really low discount rate and statement fee?  Or do you choose a company who has the greatest name recognition and fanciest ad slicks?

You will no doubt be surprised to learn that there is little difference between rates anymore. The majority of your merchant account fees are generated from Interchange and Assessment fees which are standard.  You will be even more surprised to learn who gets that money!  

Sure every company promises a low discount rate and low monthly fees.  With the new mandatory PCI compliance, and new rate increases, does the low discount rate really matter?  There are many other factors that affect your pricing.

I am not trying to discourage you from looking around.  In fact, I think that you can get a cheap merchant account with great service.  But it is going to take some legwork on your part.  Are you willing to spend some quality time with your internet?  Are you willing to make some phone calls and ask the right questions?  If so then you will find the best merchant account.   You can learn more about it here:  Rate Merchant Account

Chris DuPont is the owner of Merchant Statement Analysis which offers the best merchant account service and pricing available. Visit his merchant account blog at Merchant Statement Analysis Blog


Article from articlesbase.com

More Accept Credit Cards Cheap Merchant Account Credit Card Articles

Is It Actually Possible to Get a Merchant Account For Free?

Is It Actually Possible to Get a Merchant Account For Free?

No beating around the bush, here. There’s no such thing as a free lunch, and that applies to the merchant industry as well…


Everything has a price, whether it’s in cash, time, and/or effort. Common sense tells you that no one in business to make a profit truly gives a product or service away for free. So it is important to find out exactly how the so-called “free merchant account” companies get your money…


This article is meant to educate you about the fees that the “free merchant accounts” actually charge. I hope that this will help you make an informed decision that’s right for your business.


The Basics:


All credit card transactions are governed by what are called the Interchange rates. These are the fees that companies like Visa, Master Card and others impose on payments processed by a merchant. There are a number of tiers or levels in the interchange rate and each credit card will be charged according to the tier or level it qualifies for.


For example:


1. Qualified rate – This is the rate charged when the card is present physically at the point of sale.


2. Mid-qualified rate – This is the rate charged when the card is not present at the point of sale; rather, the merchant takes an imprint of the card.


3. Non-qualified rate – This is the rate charged for “MOTO” transactions (mail, Internet or telephone order).


Furthermore, there are a number of fees that are attached to the merchant accounts upfront or as back-end fees.


The following are the most common fees you might encounter:


1. Transaction Fees – this is charged each time a transaction is completed. This is a flat rate, usually ranging from .10 to .25


2. Discount Rate – this is a flat-rate percentage that is taken out of each sale processed through the merchant account. Discount rates range from 0.95% to 7% or more, depending on the merchant service and its intended use.


3. Authorization Fees – this fee is charged as soon as the transaction is processed. Even if the transaction is denied, the fee is charged.


4. Statement Fees – this is a fee that is charged routinely for the generation of a monthly transaction record.


5. Monthly Minimum Fees – there is always a minimum fee charged when the total fees of that month for a given merchant account do not equal the minimum required business transaction level. For example, if the minimum fee is and the fees incurred from using the service are only , then an additional will be charged for that month.


6. Termination Fees – this is a penalty that can range from 0 – 5 if the merchant (potentially one like you) terminates their account before the term expires, which is usually around 2 or 3 years.


7. Free Equipment – the terminals, machines and other equipment that you’re “given” practically always need to be returned to the merchant account provider at the end of the term in perfect condition. It costs approximately 5 – 5 to replace (or pay for) a damaged “free” terminal.


8. Batch Fees – when a merchant settles their terminal a fee is charged. This is usually a flat-rate charge each time the terminal is settled.


As you can see, there are a number of expenses that will be incurred for any standard merchant account. There is absolutely no way anyone can provide you with a free merchant account, because the fees set in place by the issuing card companies have to be paid by someone, and someone else will certainly not be willing to pay for you to use their service at their own cost.


The truth is, these fees would be extracted in another manner, most of which would be indirect and “hidden”. And in that light, it’s always better to choose a company that clearly discloses its fee structure up-front, instead of being “lured in” under the premise of getting something for “free” – only to find yourself the victim of an endless barrage of hidden charges…


Though they’re hard to find, there are a few merchant services that provide a great pricing plan with a low-cost fee structure. You’ll be far better off looking into those types of offers, instead of chasing after the “free offers”.


Bottom Line: Free merchant accounts don’t exist.


It will cost you money to process credit card payments, one way or another. Always read the fine print (the terms and conditions), and realize that most merchant service providers that advertise something as being “free” will make their money by locking you into a steep contract of some kind – most of which are enforced with a steep cancellation charge.


So do your due diligence, and look for reasonable, realistic merchant account fees that make sense for your business needs.


Because an unusually “cheap” merchant account will almost certainly end up being an incredibly expensive mistake…

Chris Rempel highly recommends www.AcceptByPhone.com, which enables anyone to accept credit cards using any touch-tone phone (or cellular) for a FRACTION of the regular cost.Additionally, click the link to discover how to find the best credit card processing rates for your business.

Is It Actually Possible to Get a Merchant Account For Free?

Is It Actually Possible to Get a Merchant Account For Free?

No beating around the bush, here. There’s no such thing as a free lunch, and that applies to the merchant industry as well…


Everything has a price, whether it’s in cash, time, and/or effort. Common sense tells you that no one in business to make a profit truly gives a product or service away for free. So it is important to find out exactly how the so-called “free merchant account” companies get your money…


This article is meant to educate you about the fees that the “free merchant accounts” actually charge. I hope that this will help you make an informed decision that’s right for your business.


The Basics:


All credit card transactions are governed by what are called the Interchange rates. These are the fees that companies like Visa, Master Card and others impose on payments processed by a merchant. There are a number of tiers or levels in the interchange rate and each credit card will be charged according to the tier or level it qualifies for.


For example:


1. Qualified rate – This is the rate charged when the card is present physically at the point of sale.


2. Mid-qualified rate – This is the rate charged when the card is not present at the point of sale; rather, the merchant takes an imprint of the card.


3. Non-qualified rate – This is the rate charged for “MOTO” transactions (mail, Internet or telephone order).


Furthermore, there are a number of fees that are attached to the merchant accounts upfront or as back-end fees.


The following are the most common fees you might encounter:


1. Transaction Fees – this is charged each time a transaction is completed. This is a flat rate, usually ranging from .10 to .25


2. Discount Rate – this is a flat-rate percentage that is taken out of each sale processed through the merchant account. Discount rates range from 0.95% to 7% or more, depending on the merchant service and its intended use.


3. Authorization Fees – this fee is charged as soon as the transaction is processed. Even if the transaction is denied, the fee is charged.


4. Statement Fees – this is a fee that is charged routinely for the generation of a monthly transaction record.


5. Monthly Minimum Fees – there is always a minimum fee charged when the total fees of that month for a given merchant account do not equal the minimum required business transaction level. For example, if the minimum fee is and the fees incurred from using the service are only , then an additional will be charged for that month.


6. Termination Fees – this is a penalty that can range from 0 – 5 if the merchant (potentially one like you) terminates their account before the term expires, which is usually around 2 or 3 years.


7. Free Equipment – the terminals, machines and other equipment that you’re “given” practically always need to be returned to the merchant account provider at the end of the term in perfect condition. It costs approximately 5 – 5 to replace (or pay for) a damaged “free” terminal.


8. Batch Fees – when a merchant settles their terminal a fee is charged. This is usually a flat-rate charge each time the terminal is settled.


As you can see, there are a number of expenses that will be incurred for any standard merchant account. There is absolutely no way anyone can provide you with a free merchant account, because the fees set in place by the issuing card companies have to be paid by someone, and someone else will certainly not be willing to pay for you to use their service at their own cost.


The truth is, these fees would be extracted in another manner, most of which would be indirect and “hidden”. And in that light, it’s always better to choose a company that clearly discloses its fee structure up-front, instead of being “lured in” under the premise of getting something for “free” – only to find yourself the victim of an endless barrage of hidden charges…


Though they’re hard to find, there are a few merchant services that provide a great pricing plan with a low-cost fee structure. You’ll be far better off looking into those types of offers, instead of chasing after the “free offers”.


Bottom Line: Free merchant accounts don’t exist.


It will cost you money to process credit card payments, one way or another. Always read the fine print (the terms and conditions), and realize that most merchant service providers that advertise something as being “free” will make their money by locking you into a steep contract of some kind – most of which are enforced with a steep cancellation charge.


So do your due diligence, and look for reasonable, realistic merchant account fees that make sense for your business needs.


Because an unusually “cheap” merchant account will almost certainly end up being an incredibly expensive mistake…

Chris Rempel highly recommends www.AcceptByPhone.com, which enables anyone to accept credit cards using any touch-tone phone (or cellular) for a FRACTION of the regular cost.Additionally, click the link to discover how to find the best credit card processing rates for your business.

More Accept Credit Cards Cheap Merchant Account Credit Card Articles

Credit Card Merchant Account

Credit Card Merchant Account

The credit card processing system is confusing. The players are countless and the process is complex. To understand how it all works, it helps to grasp the types of companies that are involved, and how much money they typically charge for processing an exchange.
You may be able to accept all major credit and cash cards including ; Visa, mastercard, Amex, Discover.

You have two accounts. This is where the money winds up when the process is over. This is the account that processes the mastercards you receive. Often, it’s not.

Banks focusing on handling trader accounts, especially for web merchant accounts, are typically easier to handle when setting up a new account. When I say “easier to deal with” I mean they require less paper work and they give you a faster reply. At the base of this write up you will find an inventory of Merchant Banks we work with. 2 other participators are concerned in the transaction too. Your eCOMpal shopping cart and a credit card processor.

There are four independent “partners” in the process.
You and your usual bank account. The client’s payment winds up in your checking account.

After it’s picked up, eCOMpal connects to the credit card processor and passes the info to them and waits for a reply. After processing is finished, eCOMpal receives the reply from the card processor with the accept or decline of the credit card.

The card processor is an intermediary between eCOMpal and different banks that work with them. The card processors provide the “plumbing” that allows your shopper’s info to flow from eCOMpal to the bank that hosts your company account.

They send an exchange to your client’s card bank taking the money from ( or adding the money to the balance of ) your customer’s’s Mastercard. They then deduct their processing costs and send the balance to your checking account, which you see a couple of days later, and the loop is complete.

For example, if there are inadequate funds available on your credit card, then the hold can’t be placed and the payment can’t go through. If this is the case, the transaction will be denied on the merchant’s end, and you will not be in a position to purchase the items or services requested.

Although there are examples where a transaction will go through even if acceptable funds aren’t present, it is preferable for the transaction to be declined because over drafting your ATM card account will end in fees to you.

Need to make an application for a Credit Card Merchant account? Click here to make an application for credit card services and cheap merchant account services.

Jeremiah Kramer is a believer of extra ordinary events. Since he was a child, he was already curious of Psychic that’s why he made articles about Psichics and thier special abilities.

Is It Actually Possible to Get a Merchant Account For Free?

Is It Actually Possible to Get a Merchant Account For Free?

No beating around the bush, here. There’s no such thing as a free lunch, and that applies to the merchant industry as well…


Everything has a price, whether it’s in cash, time, and/or effort. Common sense tells you that no one in business to make a profit truly gives a product or service away for free. So it is important to find out exactly how the so-called “free merchant account” companies get your money…


This article is meant to educate you about the fees that the “free merchant accounts” actually charge. I hope that this will help you make an informed decision that’s right for your business.


The Basics:


All credit card transactions are governed by what are called the Interchange rates. These are the fees that companies like Visa, Master Card and others impose on payments processed by a merchant. There are a number of tiers or levels in the interchange rate and each credit card will be charged according to the tier or level it qualifies for.


For example:


1. Qualified rate – This is the rate charged when the card is present physically at the point of sale.


2. Mid-qualified rate – This is the rate charged when the card is not present at the point of sale; rather, the merchant takes an imprint of the card.


3. Non-qualified rate – This is the rate charged for “MOTO” transactions (mail, Internet or telephone order).


Furthermore, there are a number of fees that are attached to the merchant accounts upfront or as back-end fees.


The following are the most common fees you might encounter:


1. Transaction Fees – this is charged each time a transaction is completed. This is a flat rate, usually ranging from .10 to .25


2. Discount Rate – this is a flat-rate percentage that is taken out of each sale processed through the merchant account. Discount rates range from 0.95% to 7% or more, depending on the merchant service and its intended use.


3. Authorization Fees – this fee is charged as soon as the transaction is processed. Even if the transaction is denied, the fee is charged.


4. Statement Fees – this is a fee that is charged routinely for the generation of a monthly transaction record.


5. Monthly Minimum Fees – there is always a minimum fee charged when the total fees of that month for a given merchant account do not equal the minimum required business transaction level. For example, if the minimum fee is and the fees incurred from using the service are only , then an additional will be charged for that month.


6. Termination Fees – this is a penalty that can range from 0 – 5 if the merchant (potentially one like you) terminates their account before the term expires, which is usually around 2 or 3 years.


7. Free Equipment – the terminals, machines and other equipment that you’re “given” practically always need to be returned to the merchant account provider at the end of the term in perfect condition. It costs approximately 5 – 5 to replace (or pay for) a damaged “free” terminal.


8. Batch Fees – when a merchant settles their terminal a fee is charged. This is usually a flat-rate charge each time the terminal is settled.


As you can see, there are a number of expenses that will be incurred for any standard merchant account. There is absolutely no way anyone can provide you with a free merchant account, because the fees set in place by the issuing card companies have to be paid by someone, and someone else will certainly not be willing to pay for you to use their service at their own cost.


The truth is, these fees would be extracted in another manner, most of which would be indirect and “hidden”. And in that light, it’s always better to choose a company that clearly discloses its fee structure up-front, instead of being “lured in” under the premise of getting something for “free” – only to find yourself the victim of an endless barrage of hidden charges…


Though they’re hard to find, there are a few merchant services that provide a great pricing plan with a low-cost fee structure. You’ll be far better off looking into those types of offers, instead of chasing after the “free offers”.


Bottom Line: Free merchant accounts don’t exist.


It will cost you money to process credit card payments, one way or another. Always read the fine print (the terms and conditions), and realize that most merchant service providers that advertise something as being “free” will make their money by locking you into a steep contract of some kind – most of which are enforced with a steep cancellation charge.


So do your due diligence, and look for reasonable, realistic merchant account fees that make sense for your business needs.


Because an unusually “cheap” merchant account will almost certainly end up being an incredibly expensive mistake…

Related Accept Credit Cards Cheap Merchant Account Credit Card Articles