Posts Tagged ‘Credit’
Accept Credit Cards Quickly and Easily With Merchant-accounts.com
Posted by admin in Merchant Accounts Tuesday, 24 August 2010 06:22 No Comments
If you accept payments through credit cards from your online customers, it’s a good thing to do. It increases comfort and accessibility by your Internet-savvy customers. But what have you done to ensure that these transactions are secured? There are a lot of issues and considerations that go into credit cards processing and how to accept credit cards. You have to make several decisions along the way, such as which provider to select and what payment gateway to choose. It also involves obtaining answers to questions such as how to securely accept credit cards on-line, what are the possible threats while you accept credit cards, and how to minimize processing charges. These are a few questions that will actually stir the mind of a responsible businessperson, while planning to accept credit cards for online payments. Advanced Merchant Services is one credit card processing service provider who makes sure you get easy and quick credit card processing, and all that in a secured environment.
AMS is one merchant account services provider who allows you to accept credit cards for payments, both online and offline. It also helps you handle the credit card processing. If you are into online business and not offering and accepting money transfer through credit cards, your customers would be bound to pay you in other forms, which may not be very convenient to them. Believe it or not, majority customers will spend more if they can swipe their card and worry about the bill later. People nowadays, prefer to spend via plastic money instead of hard cash, and if they are processing through a secured system such as AMS, it makes a lot of difference in ensuring security and confidence.
At Advanced Merchant Services (AMS), we are dedicated to provide you the best in the merchant account industry so that you as well as your consumers stay happy and can process payment online easily and securely. If you are into online business, you have to play smart as well as safe so that you can provide the best and well-secured services to your customers. AMS always stay committed to the customer and offer the best and quick credit card processing service and that too at the best possible price both before and after the sale.
When it comes to credit card processing, it should be fast, secure, and streamlined so that customers face no issues. If you are looking for the best services in quick credit card processing or while accepting credit cards, AMS can surely become your true business partner. By this, you can do what you do best leaving the worries related to credit card processing, credit card machines maintenance, and credit card terminals on us.
For more information on accepting credit cards, credit card processing, merchant services, and merchant accounts, visit www.merchant-accounts.com.
Steve Depraida is a well known author who writes articles on Merchant Accounts like Merchant Services, Merchant Service, Accept Credit Cards, Credit Card Processing, Internet Merchant Accounts etc. For further details, please visit the site www.merchant-accounts.com.
All About Credit Card Processing & Merchant Account
Posted by admin in Merchant Accounts Saturday, 21 August 2010 06:19 No Comments
Credit cards are fast overwhelming the whole world in their tough grasp. The use of credit cards is increasing rapidly and people of all sectors of living standards are increasingly getting addicted to the use of plastic money all the time. So, the businesses are now moving towards setting up a merchant solution account with banks, financial institutions, or merchant solution providers. Thus, credit cards have been an essential part of every business.
By the use of credit card processing system in business one can boost it overnight by attracting more customers and increasing sales revenues. If you too are planning for setting up merchant account to accept credit cards from your customers you are at right decision and surly it will be very beneficial to your business.
By setting up merchant solution account you will be able to approve and process every kind of online transaction whether transactions are made by credit cards or debit cards, master cards, gift cards, or smart cards. There are several merchant services providers in the market that can assist you in setting up merchant solution account for your business so that you can be able for accepting credit cards and makes internet processing in easy ways. You can select one of them according to your business types and requirements and start accepting online transaction.
Merchant service provider companies not only assist in setting up a merchant solution account but they also offer some other services related to internet processing and online transactions. Apart from setting up your business account they also provide credit card machines and software to read the credit card information for transactions.
Credit card machine is a card reader terminal. When a credit card insert in card reader terminal it reads data stored in magnetic stripe on the credit card and send it to the merchant account for payment transactions. Credit card reader terminals are also termed as the POS Terminals and software used are termed as POS Software.
There are several types of credit card terminals available in the market today according to needs of business and features. Prices of these terminals also vary in price according to its features. There are three types of credit card terminals in vogue – stationery, wireless, and virtual. Stationery card terminals are the most basic and economical point of sale terminals (also termed as Card Readers). They can be often seen at the retailers and restaurants.
Wireless credit card terminals are also very popular among door-to-door sales person and taxi/cab drivers. Merchants that run seasonal shops also prefer to use wireless card readers so that they can increase their sales revenues by increasing their customers. Virtual credit card terminal is software to approve credit card payments on the internet. It is the most popular way for internet processing of payment transaction.
A website that accept credit cards, has installed a virtual credit card payment terminal. For virtual terminals, computer, phone, fax, software, and internet are essentials. Some other useful accessories for credit card machines are smart card readers, printers, PIN pad, card reader cleaners, plug-in battery chargers, power cords, etc. Thus we see that merchant account and credit card processing system play a key role in any type of business and can boost up a business overnight.
Author Biography:
Michael John is an amateur writer focusing primarily on Business related topics .To find more information Merchant Account,
Merchant Services
and Credit Card Processing
Credit
Card Machine and
Credit Card Terminals visit our site at http://www.themerchantsolutions.com/
Use Caution When Opening Merchant Account to Accept Credit Cards
Posted by admin in Merchant Accounts Friday, 13 August 2010 06:23 No Comments
If you want to start accepting credit card payments online for the first time, then this article is a must read. Before obtaining a merchant account, make sure you shop around and do your research. Let the buyer beware certainly applies when choosing a merchant account provider, as there are many important aspects which need to be considered. Making a poor choice is likely to result in numerous complications and high unexpected ongoing costs.
10 tips to choosing a merchant account provider:
1. KNOW YOUR NEEDS – Do you want batch (manual) payment processing or real time processing? If you expect low volume sales then manual processing maybe a viable route. Before approaching merchant account processors know your actual or expected margins, transaction volume and internal resources. What will your hardware, software and service requirements be? You can go directly to banks or ISOs for merchant accounts, however putting together all the components to e-commerce (catalog system, credit card processing, order system, billing system, etc) can be a nightmare. This is where it sometimes it can pay to partner with a ‘holistic’ payment processor which may charge slightly higher rates, but can provide complete and secure payment processing merchant accounts.
2. 24 HOUR PAYMENT CUSTOMER SERVICE – Not only is it wise for you to get 24 hour technical support for your merchant account, but also of great importance is 24 hour payment support for your own paying customers. Providing 24 hour telephone payment support on your website for high volume sites could increase sales by 20-30%, especially in the early stages whilst you fine tune your site.
3. RELIABILITY & INTEGRITY– Check the merchant account providers trading history and try to get testimonials or reviews of the processor. A dishonest processor can tack on declined transaction charges in numerous ways, so it is important to work with a reputable processing company. Common complaints against merchant account providers include sudden rate increases, long term lock-in contracts, hidden fees and add-on charges, high monthly-minimums, heavy rolling chargeback reserves, high chargeback fees, and surprise monthly processing limits.
4. SPEED OF SERVICE – If it takes more than 3-4 business days to get your merchant account up and running, then start questioning the setup and capability of a processor. Likewise if approval is instant or overnight, alarm bells should also start to ring. Setting up a new merchant account should take 2-4 days to allow for a thorough risk assessment and appropriate account setup.
5. FEES – Make sure you gain full visibility of all fees (application, setup, statement, transaction, discount rate, and fraudulent transactions – chargeback’s). Ask for a full disclosure of ALL merchant account fees and charges before signing anything! Also bear in mind that depending on your business setup; your merchant account processor may have to hold a reserve on your account.
6. UNDERWRITING AND RISK ASSESSMENT – Before approving a merchant account, the merchant account provider will underwrite and perform a risk assessment of your business and business model. Find out if your business will be classified as “High Risk”. If you trade in a high risk industry such as adult, travel, dating, or pharmacy, then you will have to approach a high risk merchant account specialist.
7. FRAUD MANAGEMENT – Chargeback’s and fraud related charges can be a very high cost for some online businesses. Make sure you protect your profits by using a processor that has a sophisticated and comprehensive fraud management system. A large variety of methods to minimize fraud should be in place on your merchant account including customer details verification, geographical location cross-checks, and known fraudster database cross-checks.
8. HIDDEN CLAUSES – Read the fine print. Read ALL of the fine print. Too many people today skim over the content of a service contract, which in the payment processing industry is very unwise. Be warned, low rates rarely equate with merchant friendly policies.
9. INTERNATIONAL BUSINESS – A card from outside of the processor’s country results in what is often called a non-qualified rate, which can result in a fee of 3.50% – 6% of the sale. If you expect card payments from more than one country, try to choose a processor that has an international payment network, who also supports transactions in multiple currencies. If you wish to advertise to multiple markets, a multi-currency and multi-lingual platform is a must to maximize your revenue potential.
10. MONTHLY LIMITS – As a precaution, many merchant account providers will impose limits on your monthly revenue intake. Processing more than your limit, in some cases will also result in held funds. The length of time the funds are held depends on the risk factor and the bank with which you deal. Should you surpass the limit that the bank is willing to allow for more than three months, you may receive an immediate termination letter. Look for a merchant account that is flexible with your needs. Some merchant account providers have policies with generous limits or no limit at all.
Damien Gough is an experienced online business development specialist, who has assisted a variety of internet start up businesses spanning the United Kingdom, USA, and Australia. He has multi industry experience with general ecommerce sites such as recruitment, retail and manufacturing, as well as sites such as dating and travel which require high risk merchant account services.
Shopping Cart Software – Using CoreCommerce – Update Credit Card in Your Account
Posted by admin in Ecommerce Software Wednesday, 4 August 2010 10:40 No Comments
Instructional video explaining how to update your credit card information when using CoreCommerce.
E-consumers Expect to Find Credit Card Merchant Account Option
Posted by admin in Merchant Accounts Wednesday, 4 August 2010 06:19 No Comments
Retailing experts will tell you that changing a consumer habit can be hard. Even in the online shopping world we tend to find what works for us and stick with it. We are not resistant to change, but often we are slow to embrace it. But once that change is made it is set.
In the early days of the Internet shopping by computer resembled shopping from a catalogue. You picked out what you wanted, printed out your order form and mailed it in with a check. Or there was a toll-free number you could use to call in and order using your credit card. The virtual shopping cart did not exist as we know it today.
And it took some time for this to catch on, in part because this happened during a time when we still accessed the Internet through a phone modem, which had to be purchased separately from our computers. As a group we barely understood the ‘net much less how to use it to shop.
Fast forward to today and things are as different as night and day. Most people have access to some form of high-speed connection and there is hardly a household in America that does not have access to the online community. And we have formed solid new Internet shopping attitudes and habits.
First, we know that we can find just about anything we’re looking for, usually at a decent price. Second, we have dozens of choices. And last but not least — to turn a phrase – we now expect every site we are going to do business with to have credit card processing when we pay. And that last point is set in stone.
Due to that shift in online consumer shopping habits it is either folly or fatal for anyone to have a business on the ‘net that does not have merchant account services. More than 80 percent of everything bought in this country over the computer is paid for with a credit card and that number is rising steadily.
Because of this – and the number of sites available – when people don’t find what they are looking for on a certain site they click away. And they don’t come back. Any business consultant will tell you that losing a customer in this fashion has to be avoided at all costs because trying to recover someone who has left because of disappointment is nearly impossible. However, there is a simple solution to this and that is adopting the mind set that you as the e-business owner will be doing everything you can to make as many of the people happy as often as you reasonably can.
That means there is a lot of money to be made by ‘net businesses that are savvy enough to have online credit card processing. But for those businesses that have not added the merchant account option there is still time to jump on the bandwagon. Thanks to competition it has never been easier to apply for accredit card services, and several e-businesses are running their first credit card transactions within 24 hours of being approved.
Jim Osterman is a Web content developer with CardAccept.com, a leading merchant account provider offering innovative credit card processing solutions.
