In January 2009, all of the approved electronic payment methods will be integrated into eBay checkout. For example, if a seller offers credit or debit card as a payment option, buyers will be able to directly enter their credit card information securely in eBay checkout and their payment will be directly routed to the seller's Internet merchant account.
This article is meant to educate you about the fees that the "free merchant accounts" actually charge. I hope that this will help you make an informed decision that's right for your business.
Operating systems for computers are known to be poor and malfunctioning when they first come out. It is not until after some major updates until they are fully ready to go. Companies want to push their new technology as soon as possible to create sales.
When I set up my first online merchant account account, I filled out the long, complicated application and submitted it with a several hundred dollar application fee. I had to fax a bunch of supporting documents to prove I was worthy of being considered for an account. Then I held my breath and waited for several weeks.
If the system you choose provides more info you with HTML code that you have to add to your website, consider how comfortable you feel adding this. You may decide that this is a service to outsource to your Virtual Assistant.
The merchant account can be thought of as the banker. They are the one who interfaces with the credit card being presented and the billing that needs to happen. They make sure that the buy gets billed and you get paid. I like the banker. Now, because the cbd merchant account makes this transaction happen, they will want to be compensated for their service. The payment gateway is no different.
After you have opened your account, you need to create a special link which would take your customers to the payment processor site with information on money to be transacted and information about the account (Yours) where it needs to be put in.
Cash is king and if you can get your clients to pay by cash or check you get to keep all your sales rather than giving a percentage over to a bank or PayPal. So that's always the best route in my opinion.