Tuesday, 31 May 2016

Credit card processing is essential for increased customer convenience. Nowadays, merchants have various services to offer a variety of payment options to their customers. To begin with accepting credit transactions, account, equipment and other necessary items required are offered by service providers. These cards can be used not only in the shops but online as well. For a small business, it is difficult to choose the right credit card service provider. The first and obvious choice is applying through traditional financial institution. However, when it comes to supply these types of online merchant services to small organizations, banks are quite hesitant.

The application process is complicated and lengthy, as proper financial documents are required. However, sometimes these documents get rejected, which is quite disappointing. In such conditions, taking assistance of third party providers is the best option to go for. They have varying fee structures and application rules providing flexibility that a company needs to get the ball rolling.

Price, Equipment and the Application Procedure

To accept online payments, there are a few factors to be taken care of. A gateway to be interfaced with the website’s shopping cart is must to have. Then comes a fixed amount of fee for the transactions as well as gateway. The price depends on the merchant type, length of operation, average transaction amount, chosen company, credit ratings and sales percentages. No matter what type of business it is, it has to be particular about comparing rates.

Risk of facing bounce checks, frauds and receiving late payments is eliminated with online merchant account services.  Moreover, it becomes easy to increase customer traffic and generate huge funds. If you have not started with the services, it’s time to get started now and turn your business successful by earning more profits and productivity. Put an end to traditional ways of accepting payments by switching to credit card processing. 

Read More : The Many Pros & a Few Cons of Merchant Service Accounts

Monday, 16 May 2016

Making payments through credit cards is something third party merchant accounts provide. Though these customized accounts are not exactly like real merchant accounts but they do serve the merchant the same way. Before starting with third party services, it is important to understand the way they work. You must know that though you are the one who owns the services and products but when it comes to selling, it is the third party doing it. In other words, you act as a supplier and drop shipper.

Third party account Vs regular merchant account

·         The first difference among the two is that here, i.e. in third party, funds are processed via a large bank account followed by discretion to the individual merchants. Clearing and settling transaction this way, escapes the rules designed by federal & state bank regulations besides MasterCard and Visa. These reasons put such accounts into challenging situations from state banking regulators.

·         Second difference is that here, customers are kept away from the shopping cart for some time and ordering takes place in that duration. Generally, third party processor put their logo and brand on the payment page taking away from the professionalism and overall flow of the shopping cart.

·         Third and the last difference is that these online merchant account services distribute funds either once a week or once a month.

The benefits

Getting started with these online merchant services is very easy. Less personal details are required and acceptance criteria is not strict. Fee charged is also less, which is very helpful for smaller businesses.

The drawbacks

Such services have higher discount and transaction fees. Customers find it difficult to trust such agents, as they have negligible information about them.

Suitable for your business or not?

If you are into selling risky items or have had trouble in getting approved for other merchants services, this is the only choice you have. Other reason is you have a new business and unable to pay a monthly fee.  

Read More : https://paycronn.wordpress.com/2016/05/10/merchant-service-accounts-and-its-importance/

Wednesday, 4 May 2016

Credit card payments have improved the prominence of many online businesses. If you have an ecommerce site, it will certainly do the same for you to. But then you will require to make certain that the offshore merchant account system you select is protected and secured for any kind of payment transfers. Getting an offshore merchant account would be a prudent thing to do. There are offshore merchant account providers in the market these days who can assist you with this. A business may not be able to run without having merchant account as it allows the business owners for hassle free credit card transactions.

An offshore merchant account allows you to get away from paying high taxes. It gives you the chance for international trading, whereby offering multicurrency accounts.  Moreover, it also improves the potentials of the company. By having installed, you can anticipate to acquire higher sales every month. Also, it decreases tax liabilities of your business. With this, you can expect to obtain high level security. Moreover, fraud protection systems and encryption will be provided to make certain that the account is safe and protected.

If you are looking for a service that would give you significant information regarding credit card processing devices, then take time to find a high-quality credit card service provider. In case your business is considered as high risk, you might need a high risk account. Speak to the provider and they will access your business type, based on which they will provide you the merchant account. 

Hiring services of a good provider wouldn’t be that hard, if you can make sure that you are with the right company. However, after you have taken your assessment about the service provider, an agreement will be signed between both. Not only the service providers set up offshore merchant account, but they sometimes resolve the issues related to it.

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