Are there good reasons for an e-business not to have credit card processing?

There are people operating online businesses that have not added credit card processing but when I think of them the image of a dinosaur comes to mind. Especially those that could not adapt to the changes in the world and simply faded into the background one by one.

I say this because I can’t imagine anyone with an e-store that does not offer credit card online processing services could be long for this world – as a business entity that is.

There are those people out there who stubbornly hold on to the old ways no matter how high a mountain of evidence is placed before them. Who knows how many fortunes were lost by those tethered to radio as a major entertainment medium when television was starting to pick up steam. And no doubt there were some people who thought dial-up Internet service would never go away. And let’s not forget those who looked at CNN and thought it would never last a year.

With the Internet being such a dynamic and growing medium, it is hard to think that there are people who had the foresight to place a business online but not to offer merchant account services. If nothing else the math should be their tipping factor.

More than one study has shown that 80 percent of all goods and services that are purchase over the Internet are paid for using a credit card. And the projections are for that number to continue to go higher.

So anyone not adding online credit card services, essentially, is banking on the fact they can scratch out enough business from those not using credit cards for their e-shopping – that group that accounts for less than 20 percent. Now, I don’t think you need to hold an MBA from Harvard to realize that a small audience that is projected to get smaller is not where you want to base your future longevity.

There, too, is the factor of how it plays to that majority group of consumers shopping on the Internet. Not adding online merchant account services sends the message to them that their business is not a concern or yours – that you don’t need them. Again, probably not the communication that is going to keep your business running smoothly and growing in the months ahead.

What might be useful would be to find out what the objections are to credit card processing for an Internet store.

Some might look at the fees and decide the proposition is too much, but virtually every e-business owner will tell you those monthly fees are more than paid for by increase sales and profits.

Others may think that merchant services are for bigger business, but there are legions of mom-and-pop operations that accept credit cards.

And others may think it’s too complicated to add credit card processing, but the application takes less than 15 minutes.

Click this link to Learn How You Can Be Approved Today For Your Own Merchant Account. 

So if you are one of those businesses operating on the ‘net without being able to accept payments online, now might be a great time to re-think that decision. Again, credit card usage online is only going to grow, so there’s going to be plenty of customers to go around.

Jim Osterman is a Web contact developer with CardAccept.com, a leading Internet merchant account provider, offering innovative credit card processing solutions.

By Jim Osterman Published: 6/20/2008

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Merchant Account Setup- Free Significant Information About Merchant Account Services

Are you searching for information related to merchant account set up or another information somehow related to business credit card machines, or credit card? If yes, this article will give you helpful insights related to merchant account set up and even somehow related to free merchant account and merchant services that you might not have been aware of.

It might be difficult for new businesses to get accepted for a normal merchant account, while it might be relatively easy for an offshore merchant account. The normal requirements of having existed at least two years and making a security deposit of several thousand dollars are often forfeited when a business creates an offshore merchant account.

The cost of setting up and maintaining a merchant account depends on who you choose to provide your merchant account services and how many middlemen to go through. It is better to eliminate costs through the use of one robust system, the greater the advantage to have with the credit card processing solution. Merchant account services enable you to begin processing credit cards immediately through a merchant account!

The fee for setting up and maintaining high risk merchant accounts can differ considerably according to the provider, risk involved and the type of the business. Usually the setup fees for these accounts are quite similar to other merchant accounts, often around 500. Some providers may charge you as much as 7000. The transaction fee (around 0.5), discount rate (around 6.5 to 9), rolling reserve (10 to 15), and monthly/weekly settlements are usually higher than those of usual onshore merchant accounts. Most high risk merchant account providers do not demand any security or guarantee deposits. All high risk merchant accounts are multi currency accounts.

Don’t forget that if this article hasn’t provided you with exact merchant account set up information, you can use any of the main search engines on the Internet, like Ask Dot Com, to find the exact merchant account set up information you need.

Businesses considered as high risk includes travel, adult, adult Internet, amusement & recreation services, online casino and Internet gambling providers, auto rental, lotteries, check cashing services, coin shops, collection agencies, dating, detective services, door-to-door sales, downloading of software and many more. Such an account can be procured from a domestic merchant account provider including a designated bank or a credit card processor or from any international or offshore agency involved in related activity.

When a merchant applies for a merchant account service, one of the questions he or she is asked to answer in the application form is about the expected average sale’s amount and overall monthly card processing volume. Merchant account companies request this information to help them evaluate the merchant’s potential risk exposure. Larger average sales amounts, for example, are riskier because, in a case of a customer dispute or a charged-back transaction, the potential loss is larger, in comparison to smaller amounts. As a result, the merchant’s card processing rates are estimated accordingly. Once the merchant account service is established, the processor will monitor the sales transactions and, if the merchant exceeds its projected sales amount regularly, its rates may be increased or a processing limit may be imposed, or both. That is the reason why a merchant may try to split sales.

The primary costs to a merchant of merchant accounts are discount rate and transactions fees. The merchant account provider has a lot of latitude in the pricing structure.

We discovered that many people who were also searching for information related to merchant account set up also searched online for related information such as merchant account solution, master cards, and even cheap online merchant account.

Click this link to Learn How You Can Be Approved Today For Your Own Merchant Account.

By: deepak kulkarni

Article Directory: http://www.articledashboard.com

So here is chance to get your free tips on new merchant account and in addition to that get basic information on saving money visit merchant account

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Some merchant account providers will allow you to use alternative forms of guarantees in place of a personal guarantee. These options include:

1) A corporate resolution – your business provides documents (balance sheets, third party prepared financial statements) that shows the business is strong enough to guarantee itself

2) Provide a letter of credit – a letter of credit basically is a loan that your bank promises to give you at a future date. The catch is you don’t get to ask for it. The processing bank does, They can only invoke it if you owe them money and they are unable to get those funds from you. It is like an insurance policy.

3) A reserve – the processing bank will hold some of your funds in reserve to cover any exposure for loss they might have. 6 months or so after you close your account they give it all back to you. They may give it back sooner if you have processed for along time and shown to be a low risk merchant.

Keep in mind not all processors offer these alternative although most offer at least one of them.

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