Credit card
merchant account
Credit card merchant account is
something provided by a Merchant Account Provider or bank that
allows you to accept credit cards in your business. A
credit card merchant account can be setup for any business type.
Your business type and credit rating will determine what rates and fees you will
incur with your credit card merchant account. Internet and
mail order/telephone order (MO/TO) merchants will find that
processing fees will be higher than for a retail establishment.
The reason is because it is believed the level of fraud is
considered much lower in retail then it is when a card is not
present to be swiped. Non-US based businesses interested
in a merchant account should consider using a
3rd party
processor. Rates for a non-US merchant account are quite
high.
If your business is both run
via the Internet and by retail storefront, you will need two
credit card merchant accounts. Why? It all goes back
to processing rate and fee differences.
If you're interested in what
fees are associated with maintaining a credit card merchant
account visit our credit card acceptance
guide.
If you're interested in a
personal recommendation, View our Featured
Merchant Account Provider page for a reputible credit card merchant account
provider for your
business.
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merchant account knowledge base - |
