Merchant Account Introduction

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merchant account explained

This defines an account provided by a financial institution allowing your web site owners to accept payment transactions for products/services in real time, via credit cards, e-checks, and debit cards.

third party merchant account article

Merchant Accounts and Shopping Systems
By Tom Antion

Congratulations! You created an impulse in a customer to buy your product, but there's one small catch--without some way to process their credit card information, your sale is gone.

One of the best ways to capture and use customer credit card information is with a merchant account (Visa, MasterCard, American Express) that is tied to your electronic shopping system. It used to be hard to get such a merchant account but no longer. It seems like every company out there is ready to give (well, not give but sell) you a merchant account, but beware.

You will run into all kinds of deals from people trying to lease you credit card swiping equipment, too. But unless you do a ton of face-to-face business, you will never see a real credit card and that credit card swiping machine will serve you better as a doorstop. I can safely say that nearly all of my sales are done via the Internet or telephone. Every once in a while, I'll get the odd fax order, but far and wide I have no use for a physical swiping machine. Even when I do sell products at the back of the room during my speaking engagements, I just fill out a form by hand to used later, and when possible, I bring my portable computer and capture customer information electronically to be used online later. And these days it seems I am finding more and more places have wireless networks to use so I can enter all the customer, account, and order information on the spot and submit the whole transaction online instantly. It's as if the customer was logging into my shopping cart system from somewhere else.

When

Leading Payment Software Company Auric Systems International Donates Free Software to give Non-Profit Organizations the Ability to Accept Secure Donations Online
Auric Systems International, a leader in payment processing software, announces a gift for charitable organizations across the United States that will enable even the smallest non-profit organizations to accept online donations securely and conveniently. Auric is donating to all qualified organizations its CN!Express payment processing software program which includes one year of technical support and version upgrades. CN!Express helps charities accept donations, achieve PCI Compliance. (PRWeb Jan 6, 2009)

Read the full story at http://www.prweb.com/releases/payment/processing/prweb1827334.htm

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All Romance eBooks Makes Thousands of Romance Titles Available to iPhone and iPod Touch Users with Lexcycle Stanza.
All Romance eBooks Makes Thousands of Romance Titles Available to iPhone and iPod Touch Users with Lexcycle Stanza. (PRWeb Jan 6, 2009)

Read the full story at http://www.prweb.com/releases/2009/01/prweb1828824.htm

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Salestrakr Partners with GlobalCrypto to Offer a Simpler and More Secure Login Experience and to Differentiate from Competitive Web-Based CRM Solutions
RealMe strong authentication software from GlobalCrypto, enables a user to upload a photo of their choice and have that picture embedded with cryptographic information unique to the user and Web site. RealMe then separates the picture and exchanges half of the image between a user and Web site. No login can take place until the user unlocks the encrypted image with their password and the two halves of the encrypted information in the digital image match. (PRWeb Jan 6, 2009)

Read the full story at http://www.prweb.com/releases/2009/01/prweb1784714.htm

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shopping for a merchant account, it is important to get firm numbers on up-front fees, monthly fees, credit card percentages, and costs per transaction, so be sure to get the merchant's definition for a "transaction," such as whether obtaining authorization only constitutes a transaction or whether processing a return does. All of these fees can add up, but still will seem like mere pennies when the orders start flowing in.

Another piece of advice to heed--don't try to save a few bucks by signing up for a merchant account, even if it is free, before you choose a shopping system. The shopping system is much more important. Make sure that any merchant account you consider works well with you shopping system.

One final bit of information is that you must sign up directly with American Express to take their credit cards. You can do this online at http://www.americanexpress.com/homepage/mechant.shtml.

For more information on shopping systems and merchant accounts, go to http://www.HowtoUseaShoppingCart.com


Tom Antion is a success story in Internet marketing. He can show you how he makes a fortune promoting products and services online. For more information and a list of great resources, go to www.greatinternetmarketingtraining.com

We strive to provide only quality articles, so if there is a specific topic related to merchant account that you would like us to cover, please contact us at any time.

We want to thank those writers who are contributing at least weekly to our third party merchant account website.

     

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