APPLY FOR MERCHANT ACCOUNT OR NOT? Receiving a merchant account should be easy. After all, E-commerce companies are going to make money every time you process a deal. Your customers are all using credit cards to make purchases on the Web already.
What is a Merchant Account? A merchant account is a superior kind of account that exists for the purpose of holding funds taken for credit and debit card sales. If youâ€™ve ever used your card and actually wondered where the funds just wiped out, they went into a merchant account.
How do I go to get an internet merchant account?
You can apply for an Internet Merchant Account through an independent payment service provider (PSP), like Radiant Pay as part of a full online payment solution. The provider will assess your application business plan, evaluating any potential risks before approving you for an Internet Merchant Account. When starting up an Internet Merchant Account, you will need to be able to pay regular authorization fees â€“ as well as deductions that cover the risks of accepting online card payments.
Why use a Merchant Account? Having a Merchant Account is the most cost effective way of accepting payment by credit card. It's not the only way. But, put simply, once you have a merchant account (and a company who will approve the payments online), you will be able to accept credit card statistics on your site, and then accept any payments due to you. It's as simple as that. If you want to accept credit card payments online, you need either a merchant account provider that issues merchant accounts to businesses. Or, you can use the services of a payment processing company that processes transactions through their specific merchant account on behalf of other companies. Contact us:
145-157, St John's Street, London , EC1V 4PW , United Kingdom UK Direct: +44 2081330322 UK Fax : +44-8435240171 US Direct: +1- 347 474 1013 Mail-ID: firstname.lastname@example.org Website : http://radiantpay.com
Published on Jun 10, 2014
Receiving a merchant account should be easy. After all, E-commerce companies are going to make money every time you process a deal. Your cus...