Sep 19, 2013
Posted by admin on Sep 19, 2013 in Finance & Loans | 0 comments
Online stores have become popular these days as it serves as an easy and fast gateway for people to shop. For online store owners, it is important that they can provide an easy payment method and be able to process credit card online as this is the preferred payment option of most online shoppers. To be able to accept credit card payments, online store owners need to invest on a merchant account.
Some store owners think that having a merchant account is simply an added cost on their monthly expenditure, but if you research and realize what it benefits are you will discover that it truly is a wise investment. There are many fraudulent transactions online, this is why both the seller and buyer would like to protect themselves from scams. A merchant account is the solution, this way the buyer would not need to provide personal credit information to the seller while the seller will also limit the number of fake and fraudulent transactions. Also, shoppers are hesitant of other payment options, regardless of whether they like your products or not, if they could not pay you in a manner they prefer you will immediately lose a sale.
Blog submitted by Marty Franze, a total merchant services provider of payment processing software/equipment and services. Offering business owners; no risk, no contract and free merchant account serviceset up. An invaluable resource of information as a dedicated point of contact, for those in need of the most cost effective way to accept credit cards for their business.
Sep 17, 2013
Posted by admin on Sep 17, 2013 in Business Services | 0 comments
There are many different credit card processing services that a business owner can utilize in his or her business. The type depends mainly on the kind of business you run. The service will be different for somebody who runs an entirely online business than somebody who owns a store. There are three different merchant accounts that determine the way a credit card gets rung up: retail, internet, and over the phone, or mail to order.
Retail Merchant Accounts
These accounts are for businesses where the credit card is swiped for at least 70% of their sales. This includes grocery stores, pharmacies, drug stores, and any other location that you physically shop at. One benefit of having this type of merchant account is that there is usually a lower transaction fee from the processing company. With how many transactions your business would conduct, it is a better deal for you as the owner. This type of account should be used if you are not planning on expanding your business to an online site or take over the phone orders, but to keep sales entirely in person.
Internet Merchant Accounts
These accounts should be used when you are running a business entirely online. It is a great option for people who sell homemade items and run their business through word of mouth and online marketing. A benefit that comes with this account is that most credit card processing companies offer a web hosting package which includes a shopping cart, or step by step purchase screens. This is helpful and saves time on your part with designing your website.
Mail to Order/Over the Phone Merchant Accounts
This account is great for companies that sell over a large distance, and take orders through the phone. If a company has a commercial for a product, they will sometimes provide a phone number to call and order it. This way of taking credit card payments could be a little scary to the client because it requires the client to give their credit card information to a stranger over the phone. Due to the lack of the card being in the presence of the business, there is higher transaction fee (because of the higher risk).
There are many different credit card services out there. Each has different fees and interest rates, all which vary. However, finding the right account will help your business grow and be successful while ensuring your clients’ credit information is safe and you are able to deposit your money where it needs to go.
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Guest post provided by Charge.com Payment Solutions, Inc., who provides safe processing of credit cards online. For more information, visit their website at www.charge.com.
Aug 30, 2013
Posted by admin on Aug 30, 2013 in Finance & Loans | 0 comments
The invention of a standardized monetary system eliminated the need for bartering for goods and services. Paper money reduced the need for a strict coinage system. The advent of plastic money has led to a cashless system. This latest trend in the economic structure has increased the need for merchants to implore the use of a POS credit card terminal.
Department stores, which had already been accustomed to patrons relying on credit, were obvious places for using these terminals. Shopping malls and restaurant chains came next as less and less people carried enough cash for their purchases. These were unsurprising places for merchants to accept credit cards; however, there have been a number of unusual places that have begun to rely on these online merchant account services.
One such place may ring a bell. A number of those iconic red, tin Salvation Army buckets now come with their own POS systems. Sprint graciously donated card readers for mobile devices to those volunteers collecting for the red kettle. This new technology is not yet fully wide spread, but with the ability to donate more than the ever dwindling amount of spare cash and loose change the average person carries, the use of these credit card terminals has led to a record breaking year in fund-raising for the Salvation Army having collect $147.6 million in 2011.
Checking out books at the library may not cost anything, but being late in returning them will. Even though many late fees are only a few quarters and dimes a day, the average person would still opt to paying a late fee on an overdue book on credit. The San Francisco and New York Public Libraries have been using online services to allow these transgressors to pay their fees with debit or credit cards. A few libraries in Columbus, GA have the ability to swipe away these debts at the library in person.
The Girl Scouts desire to build up their young members with the training and skills required to be successful members of society. These scouts are taught to sell with confidence and campaign to raise money by vending a delicious assortment of cookies. These girls stand outside grocery stores calling out for some shopper to buy a box or two. Of course, these shoppers are more than likely paying for their groceries with plastic instead of paper, and so these young scouts learn the value of keeping up with technological trends and come prepared with mobile POS credit card terminals.
Now the cashless shopper can buy as many peanut butter patties and thin mints as a card can buy. You’ve been warned.
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Guest post is provided by Total Merchant Services. Whether you already have a solution or would like to promote better sales buy being able to accept credit cards for business transactions at your location, visit www.total-merchant-services.com.
Aug 27, 2013
Posted by admin on Aug 27, 2013 in Business Services | 0 comments
Article Written by : Merchant Account Central
Okay, let’s be honest. Not all businesses out there are considered savory. Stating that you own a gambling or an adult oriented site probably isn’t the thing you would tell your parents about. Nonetheless, it would be foolish to say that there is no demand for this kind of content. These are two examples of so-called high risk businesses. And they are treated differently than standard services and goods oriented businesses. In fact, simple tools of the industry might be more difficult to obtain, such as high risk credit card processing services.
Nonetheless, methods of payment are necessary, especially when considering that some high risk sites are based purely on instant gratification. These aren’t the types of situations where you can bill later. And so, it becomes important to possess standard tools of online businesses. You will need online credit card processing. There’s really no two ways about it.
Yes, they are more difficult to obtain. However, there are service providers who do make high risk businesses their specialty. With that in mind, you do have options for starting your business. While it may cost a bit more, the advantage to your profit will be more than worth it.
Aug 27, 2013
Posted by admin on Aug 27, 2013 in Finance & Loans | 0 comments
A lot of business establishments have been using a credit card processing service for almost two decades already. Not only has this kind of service been very helpful in accommodating non-cash payments, it has also catered to changing industry trends, such as online purchases. But there are still certain businesses that haven’t embraced this kind of system, not even looking at what a POS credit card terminal can do.
But are there benefits of using a credit card payment processing service? Aside from being convenient on the part of the buyer, yes, it has a lot of perks, especially for merchants. Among many things, accepting credit card payments opens doors to a bigger market, as consumers these days are more dependent on plastic money. Another important factor to look at is that credit card processing helps in speeding up auditing and inventory, as the payments are printed on record. Lastly, a business that accepts credit cards is said to be reputable, as it has established tie-ups with banks and other financial institutions. In addition, a credit card processing service opens doors to online consumers, as they will be paying mostly by credit card instead of cash or check.
Article submitted by Total Merchant Services. The company is a leading provider of retail merchant accounts, credit-card processing devices, ecommerce merchant accounts and equipment. For over 14 years, this Colorado-based company has been providing cost-effective solutions to merchant services in different types of industries in order to cater to the needs of growing consumer markets.
