| Simply explained, a merchant account is
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| | or savings account, usually by days end.
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| the way to accept credit cards as a form
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| | Fees do apply to all services including a
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| of payment for products and/or services
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| | low percentage rate and nominal fee per
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| on your website, online store (like
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| | credit card accepted by your business.
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| Ebay), or brick and mortar retail
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| | Discover and American Express fees are
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| establishment. That's it; so any
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| | higher than Visa and MasterCard.
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| stressing over the need for credit card
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| | If you're an online retailer as well as a
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| services for your ecommerce or other
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| | brick and mortar one, you'll need a
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| business has just come to a screeching
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| | different type of account for each.
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| halt. Long gone are the days of major
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| | Ecommerce accounts are used for Internet
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| corporations and retailers being the only
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| | website processing and Card Swipe for the
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| ones who could set up such accounts, so
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| | physical store. The primary difference
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| there are no excuses. All you and your
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| | lies in the 3 or 4 digit code on the card
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| business require now is a gateway to get
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| | that is needed when the physical card
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| you set up with the right type of service
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| | isn't present to check the signature.
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| for your needs.
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| | This security feature is for the benefit
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| If you're setting up a website that will
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| | of your customers as well as the
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| benefit from credit card processing, you
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| | protection of you and your business.
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| might need a shopping cart if your
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| | After choosing the right service for you
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| website offers such products and
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| | and your business, you'll need to submit
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| services. Most companies who offer
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| | an online application. When received,
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| merchant accounts don't have the
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| | your service will send you a Cardholder
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| necessary software to place a shopping
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| | Electronic Data Storage compliance form
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| cart on your site, but the better
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| | that you will need to initial/sign before
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| services will set you in the right
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| | faxing or sending in and a page with your
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| direction by having links to websites
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| | schedule of fees, Merchant ID Number and
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| with such the necessary products to get
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| | the directions for proceeding. You will
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| you up and running. Other than that,
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| | also need to send in a voided check or
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| you'll just need to know a few things
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| | deposit slip to the account you wish to
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| about a merchant account.
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| | have your funds deposited into. If you
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| First, just about every merchant account
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| | process transactions before your service
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| service grants you the ability to accept
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| | receives your voided check/deposit slip,
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| both Visa and MasterCard, with the option
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| | any accumulated funds will be held until
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| to take Discover and/or American Express.
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| | the necessary paperwork has been
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| All monies accepted will be deposited
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| | received.
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| into your personal or business checking
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