Learn all about Merchant Accounts, accept credit card payments online and apply for a free merchant account! |
||||
|
|
|
|||
|
|
||||
|
Merchant Account IQ - All About Merchant Accounts - Accepting Credit Cards Online - Compare Credit Card Processing Companies |
||||
|
|
||||
|
||||
|
Merchant accounts can be a confusing
subject. Before you jump in with both feet lets give you an
introduction; What merchant accounts are, what information is needed to
obtain your merchant account and rates/fees involved. What Merchant Accounts are? A merchant account is a special account that is setup for a business to accept and process credit card orders. After processing a customers credit card the transaction goes through a series of complex stages. The money transferred through the merchant account is then deposited into the business's checking account within 2 to 3 business days.
Requirements for Merchant Accounts |
 |
||||||
| * Business
checking account (some providers set you up with one) * A copy of a
voided check (if you use your own business checking account for funds to
be deposited in) * Articles of incorporation, business license or
reseller license. (A 'Certificate of Assumed Name' from your county
Register of Deeds office may be all that is required. These only cost
around $8.) The purpose of this is to prove you are a legitimate
business. * Pictures of business office and location (this extra step
can save you money in credit card processing costs) * Have a web site
(if you want real-time processing) * Photocopy of your return policy
information * Provide trade references * Photocopy of recent tax returns
(may or may not be needed depending on monthly sales volume you expect
through your merchant account) * Site inspection (have a photographer
come in and take pictures of your inventory). Only a handful of
providers still require this. * A photocopy of your drivers license Explanation of Credit Card Processing Solutions In order to process credit and debit cards through your merchant account, you need to decide which processing solution is right for you. Retail Swipe Terminal - This particular solution is for retail and storefront merchants who see their customers face-to-face. This type of solution incurs the lowest merchant account processing fees since you actually are able to swipe the customers credit card through the terminal. It is believed that orders that are swiped have a lower fraud risk, hence the reason for the lower processing fees. continued... read more> |
|
||||||
|
|
|||||||
|
Get a FREE Merchant Account with Charge.com the #1 merchant account provider Click Here Now! |
||
|
|
