Offshore merchant account the benefits and possible scams

If your business is located off the coast and you are looking for a credit card processing solution check for an offshore merchant account. An offshore merchant account will help you financially should the US banks and processors you find inappropriate. An offshore merchant account is usually higher processing rates and long hold-back, but this account requires your deposits.

The advantages of an offshore merchant account

Once you find an offshore merchant account You?ve get your benefits be very attractive. Easy credit card processing and reduced taxes are just some of the benefits you will enjoy. After your business is offshore an advantage on their own but make sure you choose the merchant account providers that you decide which business with, is important.

Note offers for ?Unbelievable? offshore merchant account

Some offshore merchant account providers give you a great offer if you always have an account on other problems. I recommend open an eye out for scams. There are companies that are trying to get an offshore merchant account-sounding open, all ?peachy? when in the Act is all they are after your setup fee if sometimes can reach a few thousand dollars. Their research and Don?t be fooled.

Offshore merchant account rates and fees

Discount prices, but if the dealer realised the tax savings, they are obliged, by processing offshore discover, that they are far better than if they processing remained onshore and calculate some offshore banks and credit card processors a somewhat higher processing fees. High risk business as online casinos, adult, pharmacy and travel prefer an offshore merchant account dealers as most domestic banks (US) these business categories down largely to the high volume sales potential for free back and refunds, etc.. Offshore banks tend to, with their tax savings are under-writing, more liberal, and there are no sales.

For more information, see our third credit card processor [http://www.adjustcredit.com/merchantaccount/third-party-credit-card-processor.php]-Seite.]

At Adjustcrcedit.com you will find all the information you need when it comes to a merchant account provider online [http://www.adjustcredit.com/merchantaccount/merchant-account-provider.php]. Our website also high risk merchant account contains solutions [http://www.adjustcredit.com/merchantaccount/high-risk-merchant-account.php] for educational and research purposes.

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Credit card prevent fraud with PHP and MYSQL database

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Credit card fraud has become pervasive on the Internet. According to MasterCard International, account takeover fraud has increased by 369% since 1995. It has become one of the fastest growing types of fraud, and one of the more difficult to combat. More than $700 million in online sales were lost to fraud in 2001, representing 1.14 percent of total annual online sales of $61.8 billion, according to GartnerG2. Even if the credit card company has given the authorization as to the validity of the card, there are several ways fraudulent cards can be used on your site. The card may have been lost or stolen, but the card owner is yet to report its loss. Or the number on the card (and not the card itself) may have been lifted without the knowledge of the owner. There is also a scam called identity theft, where the card has been issued under false pretenses using someone else's identity and data.

As an online merchant, you need to have a system to check the authenticity of orders placed to safeguard your business. While the effort may require additional time and money, it can save you the cost and stress caused by charge-backs for fraudulent orders. You lost your physical products; you lose the sale price; you lose another business opportunity; and you will be fined an additional $15-$50 charge-back fee. If you have a high percentage of charge-backs, your card services company can even blacklist you and cancel your merchant account. You will also spend time looking up the order and provide the requested information to your card services company. All of these hassles are things you can surely do without.

How can you protect your business from credit card frauds? Here are a few steps that can be taken to ensure that the transaction is being requested by the real cardholder.

Suspect shipping address.

According to ClearCommerce Corporation, a provider of payment processing and fraud protection software for e-commerce, orders from Ukraine, Indonesia, Yugoslavia, Lithuania, Egypt, Romania, Bulgaria, Turkey, Russia and Pakistan have a very high incidence of fraud, and often have unverifiable addresses.

Untraceable email address.

In many fraudulent orders, the customer's email address is often at one of the free email services, like hotmail.com and yahoo.com, which are relatively untraceable.

Expensive items.

Be wary of expensive orders, especially for expensive brand-name items.

Multiple items.

It can be a bad sign, for example, if someone orders three X-Box or three DVD players at once, especially where the items have a high resale value.

Express shipping.

Most fraudulent orders specify overnight or 1-day shipping without hesitation.

Shipping address differs from billing address.

Receiving point and billing address are different in fraud orders. If you are selling valuable items, it can be a good policy only to ship to the billing address of the card's holder.

Suspicious billing address.

The address looks too simple or invalid. If the billing address is 123 Main St, New York, the order is probably fraud. You can use or online location tool to see if the address can be verified.

Leave at door or post office box.

If the courier service cannot guarantee delivery of goods, the risk of fraud is very high.

The advancement of geo-targeting in the Internet allows us to pinpoint the geographical region for an order. The information can be used to reduce the fraud by verifying it with the billing address and delivery address. This method can identify the scenario where someone from country X has stolen the credit card data from country Y. The IP address lookup service will reveal the real country instead of relying on the country filled in the order form.

IP2Location(TM) provides technology to translate IP address to country origin. The lookup table is available in several formats such as database and COM. It is the perfect solution to automate the fraud detection using client side programming languages like C++ & Visual Basic; or service side programming languages like ASP, PHP, JSP and CFML.

For example, company XYZ received a credit-card order from IP address 161.139.12.3. The order details are as following:

Name: John Ma

Address: 123 Main St

City: New York

ZIP Code: 11111

Country: United States

Tel: (503) 111-1111

Credit Card No: 1234 5678 9012 3456

Expired Date: December 2010

Credit card merchant processor will authorize this order if the billing address matches the order details. Unluckily, the credit card data has been stolen earlier by Mr. ABC from another country through the Internet. Later, he made a purchase of digital products from company XYZ using the information. His order approved by the merchant because all the details matched John's record in the bank's database. IP2Location(TM) technology can filter the difference between order's country and record's country upfront to protect your business. You can classify this kind of order for manual inspection before delivering the goods. You will be surprise how much this method will help in identifying fraud orders.

In this tutorial, we use the IP2Location(TM) IP-Country database to lookup country of origin from the visitor's IP address. Instead of loading the full database with 50000+ records, we could simplify this tutorial with assumption only two different IP address ranges in the world. IP addresses 0.0.0.0 - 126.255.255.255 originate from United States. Meanwhile, IP addresses 127.0.0.0 - 255.255.255.255 originate from Japan. Here we are creating a database "IP2Location" with table "IPCountry" that consists of two IP address range records.

Step 1: Create and connect to 'IP2Location' database

mysql> CREATE DATABASE IP2Location

mysql> CONNECT IP2Location

Step 2: Create 'IPCountry' table

mysql> CREATE TABLE IPCountry

--> (

--> ipFROM DOUBLE NOT NULL,

--> ipTO DOUBLE NOT NULL,

--> countrySHORT VARCHAR(2) NOT NULL,

--> countryLONG VARCHAR(100) NOT NULL,

--> PRIMARY KEY(ipFROM, ipTO)

--> );

Step 3. Import the 'ipcountry.csv' database into table 'IPCountry'

mysql> INSERT INTO IPCountry VALUES (0, 2130706431,'US','UNITED STATES');

mysql> INSERT INTO IPCountry VALUES (2130706432, 4294967295,'JP','JAPAN');

The full version of IP-Country database is available for subscription at $49/year from http://ip2location.com. If you have the full version of IP2Location(TM) IP-Country database, the import process is much easier by using the LOAD DATA feature available in MYSQL.

mysql> LOAD DATA INFILE "/IPCountry.csv" INTO TABLE IPCountry FIELDS TERMINATED BY ',' ENCLOSED BY '"' LINES TERMINATED BY 'r';

We create a script to compare the lookup country and data given in the order authorization flow. It serves as a filter to reduce fraud. All rejected orders will be manual verify by merchants.

verify.asp

$billingCountrySHORT = "US";

// Replace this MYSQL server variables with actual configuration

$mysql_server = "mysql_server.com";

$mysql_user_name = "UserName";

$mysql_user_pass = "Password";

// Retrieve visitor IP address from server variable REMOTE_ADDR

$ipaddress = getenv(REMOTE_ADDR);

// Convert IP address to IP number for querying database

$ipno = Dot2LongIP($ipaddress);

// Connect to the database server

$link = mysql_connect($mysql_server, $mysql_user_name, $mysql_user_pass)

or die("Could not connect to MySQL database");

// Connect to the IP2Location database

mysql_select_db("IP2Location") or die("Could not select database");

// SQL query string to match the recordset that

// the IP number fall between the valid range

$query = "SELECT * FROM IPCountry WHERE $ipno =ipFROM";

// Execute SQL query

$result = mysql_query($query) or die("IP2Location Query Failed");

// Retrieve the recordset (only one)

$row = mysql_fetch_object($result);

// Keep the country information into two different variables

$countrySHORT = $row->countrySHORT;

$countryLONG = $row->countryLONG;

// Free recordset and close database connection

mysql_free_result($result);

mysql_close($link);

if ($countrySHORT == $billingCountrySHORT) {

// IP address same as country in billing address

// Low Fraud Risk

} else {

// IP address different from country in billing address

// High Fraud Risk

}

// Function to convert IP address (xxx.xxx.xxx.xxx) to IP number (0 to 256^4-1)

function Dot2LongIP ($IPaddr)

{

if ($IPaddr == "") {

return 0;

} else {

$ips = split (".", "$IPaddr");

return ($ips[3] + $ips[2] * 256 + $ips[1] * 256 * 256 + $ips[0] * 256 * 256 * 256);

}

}

?>

Hexasoft Development Sdn. Bhd. (645996-K)
1-2-15 Mayang Mall Complex,
Jalan Mayang Pasir 1,
11950 Bandar Bayan Baru,
Penang, Malaysia.
URL: http://www.ip2location.com

{ sales@ip2location.com }

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Why? a casino merchant account

Perhaps the oldest form of entertainment would be related to gambling. In the past, people see this as their last time, and sometimes it is a way to make money. Casino has developed certainly on the elaborate and comfort of the traditional. People can play online and the number is growing steadily. For this reason, online casino sites are spurting from left to right. This being the case, their own Casino site do minded business people.

Online casinos have to the same rules than the found in Las Vegas Strip. The only difference is the fact that they pay with their credit card. There are many reasons to create online casino site. You can possibly certain customers as a target and make much money from him. You can also possibly amateurs and professionals to target players from different countries. Just like any other kind of business proven to be reliable and profitable online casinos to be.

The statement is so true when you partner with a Casino merchant account providers that can support your business throughout. It is encouraging to know, would maintain that someone could play in online casino and this earn too much money for you. It is also the best treasure, that it also vulnerable to fraudulent acts, but with the help of good Casino merchant account provider, it the would reduce risk. This is required because a huge amount of credit card transactions per month would be received online casino sites. It is extremely important to acquire a high risk merchant account provider, which can help in the business.

With the help of the merchant account, you can process payments by credit card over a weekend of very reliable payment methods and a selection to your bank. You can also multiple currencies can accept. A dealer of company security and was tools offer. It is your duty to your online casino site player to give peace of mind. This is a best way to establish a reputable casino website.

Visit the support from the best merchant account provider, http://www.ecorepay.com. This is where you get one more about the dealer casino account can know.

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Merchant accounts: What to what to questions, looking for and why

Credit cards

As a small business or a small small business (employing less than ten) it is important to accept the credit cards, if you are not already doing this to consider.  People can expect to pay with plastic.  You pay by credit card at fast food restaurants, gas stations, coffee shops and more.  It is simple, fairly or not, expect that a business can accept credit cards.

The first thing you need to do is merchant acounts evaluate.  Of course, you can assume that it just easier to your bank, is set up to your account.  Now, it is convenient, but it's really in your best interest.

Many small businesses fall into the trap of closure on their first merchant account and remain the easier with them.  You do this to their Detrement.  In the past, the few years prices have reduced, while these small companies from loyalty or the simplicity sake glued numbers are the same price she had when she started.

Those of you familiar with credit card processing know, that it associated with multiple fees.  There are several things you need to know
before assigning a merchant account provider:
Discount rate: This is the percentage that receives the merchant account provider
Facilities: Terminals, printers, etc.,.
Monthly minimum: fees collected each month by the merchant account provider (usually waive, if your transaction fees and discount rates exceed it.)
Reserve fees: If you are a company with high risk may a reserve account that establish a way for the merchant account is provider, Proect from losses.
Fees back: cover charge disputes

These are all things, that you have going in talks with any merchant account provider should make.

Once you have your account, you need processing equipment.  Oh...I can here the groans now.  You can use from inexpensive a phone and an imprinter, but you may find that you get more favorable discount rates electronic card processing equipment, such as those that swipe a customer card and authorize with sales immediately.  They are more expensive, but save money in the long run.  One way to reduce these costs is your PC set up, to authorize sales instead of a Terminal.

Online merchant accounts are another consideration.  You have virtual versions of the above credit card processors:
Secure gateway: This means: the information entered in your site data that can be read by an electronic card processing system.
Virtual Terminal: This Eleminates the need for a physical point of sale card processing system.
In addition, are some "nice to haves" to expect the people of online merchant accounts:
Online shopping cart
Encryption
Virtual check processor
Wireless terminals

Go a merchant account to purchase with your eyes open.  It's a service that you need if you plan to be competitive, so make sure that you properly to make it.

Yolanda McDonald is a business system analyst in Baltimore, MD. She has 15 years experience in the programming, design and analysis on multiple platforms including midrange, client/server and the Internet. You can find more of her articles at http://www.ymcdonald.com.

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Are you a card Member? Alternative payment methods in the wash

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Supply and Demand

As consumers race through the checkout lines of their local coffee shops, discount centers or home improvement superstores, one buying habit stands out. The way in which people pay for goods and services has been overtaken by the 'plastic revolution'. Consumers are converting from 'cash customers' to 'card customers' in record numbers as our consumer driven economy is flooded with private label credit cards and gift cards available in nearly any denomination.

Accepting credit cards was once a luxury few businesses could afford. But in today's fast-paced marketplace businesses can no longer afford not to accept credit cards or ignore the growing population of card-carrying consumers who have made it very clear that obtaining their business is now dependent on the ability to use their cards. This shift in consumer purchasing power has pushed nearly every industry into joining the 'paying with plastic' mainstream.

Accepting Credit Cards Does Not Come Without Its Risks

As a result of credit cards being offered nearly everywhere, we, the consumers, possess a greater freedom in how and where we can spend our money. However, as the benefits for the consumer increase so do the risks associated for the businesses that accept them. Fraudulent credit card claims skyrocketed to $678 million in 2004. Nearly 80% of the claims associated with stolen credit cards and fees associated with insufficient funds could be prevented if more businesses made use of the latest in credit card clearing technologies. Some businesses within the car wash industry are now taking advantage of this new technology by using merchant processors that authorize their transactions via the web on a high-speed Internet connection. So what used to take almost 40 seconds and an additional phone line now takes 3-5 seconds.

This new way of authorizing credit card transactions also means there is no need to clear all of the transactions at the end of the day like most of the batching systems currently used in the wash industry. Not only do dealers save money on costly business phone lines that the older technologies require, but they also reduce the risks associated with accepting stolen credit cards and the bank fees associated with them.

Buyer Beware: Half-Hearted Solutions Do More Harm than Good

Car wash owners must be aware of drawbacks to any credit card solution they implement. If a wash does not currently have credit card acceptance, a common solution to implement is a credit card to token machine. On paper this solution seems to cut the cost of retrofitting existing equipment in the bays or on an entry system. It is the unforeseen costs involved with credit card fraud that have relegated this solution to a last resort. In hindsight, many owners point out that by giving thieves the ability to use a stolen credit card at a token machine, they can easily empty all the untraceable tokens without even resorting to breaking anything. Not only are the car wash operators out hundreds of dollars worth of tokens, but now the bank wants to collect money and charge back fees. Local Police claim that many times thieves sell the stolen tokens to innocent people who then redeem them for wash services. So now owners are out the cost of the tokens, liable for the charges made on the stolen card and supplying free washes that were never paid for.

There is a solution for owners and operators to protect themselves from this type of theft. Either limit the credit card purchases to a one-time service such as the use of a wash bay or be sure that your vending unit is dispensing something that can be tracked and deactivated in the event of fraud.

Offering Credit Cards Is No Longer Enough

With the rampant proliferation of credit card acceptance throughout the business world, car wash owners face a dilemma. They are forced to offer credit cards at their car washes in order to compete, but credit card theft and fraud can eat into their profit margins and cause time consuming paperwork to unsnarl.

"Visa It's Anywhere You Want to Be(TM)"

One solution to the problem and an excellent incentive to retain customers is private label credit cards. Private label cards and loyalty discounts have become one of the most successful marketing programs in the retail industry. When consumers shop at their local Best Buy or Home Depot, they are offered a myriad of discounts and promotional programs as incentives for making future purchases. Even consumers who have the money to pay for a product or service out-of-pocket will still take the time to sign up for a card to receive a discount now and pay their bill later.

The Truth Hurts

However, few car wash dealers can afford to privatize their own credit card or spend money on equipment that only provides the convenience of using a credit card at their individual car wash. The problem that nearly every operator runs into when they order a credit card acceptance system is that they don't see a huge rise in revenues to offset the cost of the system. Often times the addition of a straight credit card system only prevents an eventual loss in revenues, because other wash locations that do offer national credit cards absorb a percentage of the car washes' business.

Many operators have also noticed that a large portion of their credit card sales is from customers who would have used cash had the credit option not been available. When a wash installs a credit card system throughout a wash, it does nothing to promote loyalty, only convenience to the growing population of those who prefer to pay with a credit card.

The Solution is Simple

Enterprising car wash owners who wish to capture the business of the card-carriers and still keep them and the rest of their cash customers coming back for repeat business is to utilize the best of both worlds - alternate payment methods. Major retailers have been offering gift cards for a decade now and the sale of gift cards has risen to the top selling item in the holiday seasons of 2003 and 2004.

Nearly every person in the United States has used a gift card with a prepaid balance that could be redeemed for products and services. There are also products and equipment available within the car wash industry that can sell prepaid cards/keys/or codes through a machine that accepts both cash and credit cards. This type of system caters to both the impulse buyer and the bargain shopper by offering loyalty benefits for prepaying. These benefits can vary - bonus wash dollars or discounts on services, for example. In addition, this type of system can convert a single credit card transaction into a card or key that can now be redeemed without transaction fees or the need for cash, tokens or paper vouchers on future purchases. Many of these systems also allow the end user to add more value to their card/key/code through the same dispensing machine or even on their computers via the Internet.

Doing Your Homework: Work Smarter, Not Harder

While researching this type of credit card-compatible loyalty system, it is important to ask the following questions that may not come up in the sales pitch:

Can I deactivate a card/key/code that is fraudulently purchased with a stolen credit card?
Does the system track which card/key/code is sold with each transaction?
Is there a limit to the number of cards/keys/codes that can be in the system at any given time?
Does the system offer post-paid fleet accounts as well as pre-paid gift card sales?
How is the transaction data stored/retrieved? Is this automated or does it require on-site visits?
Is the transaction data backed up in the event of hardware failure?
Does the system batch the credit card transactions?
Does the system require additional phone lines to clear credit cards?
How much do the loyalty cards/keys cost per unit? What about customization?
How does the system handle upgrades and feature adds? Do I need to pay for these upgrades?
How flexible is the system in terms of offering discounts or running promotions?
How much development has been done to enhance the system since it launched and are there future plans to continue innovation on the product?

Alternate Payment Methods: Opportunity for Success

Many car wash owners and operators have found that the costs associated with purchasing an alternate payment program can be daunting, although the long term gains heavily outweigh the upfront costs. Some car wash owners decide that they have enough business and only wish to appeal to the one-time sales associated with credit card use at the bay. Other owners see these

Ryan Carlson is an industry expert on consumer buying trends and car wash promotional marketing technologies. Specializing in successful car wash marketing and cashless payment technologies, you can catch one of his seminars at a local trade show or read his regular editorials in the various industry trade publications. To ask Ryan for marketing advice, ask questions, or inquire about an interview, visit his website at http://www.washideas.com

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Third-party card processing for small businesses

If you are running an online business, there are many advantages in the customers who pay way, with their credit card. Banks are often very careful to provide this facility to apply for small businesses - in particular in insecure environments - such as they more high risk as a larger, more companies established. Therefore, many small business owners use third parties for their credit card processing requirements. About 85% of small businesses are now using this service.

It is important to spend time looking for a prestigious credit card processor that meets all requirements for your business. The cost can vary between the processors. Some companies take only a small percentage of each credit card transaction but it looks to make it profits, for example, somewhere else, sign up fees such as charging greatly inflated. Other processors will pay no joining fee, but you more per transaction for the privilege of using their services. If your company very small, is for example, if you are running a business from home a sole trader, you find out from the credit card processor whether they require a minimum monthly fee must

The options for your business which proves most cost effective sales depends on the nature of your business and your company. If you a merchant account with a bank was rejected, but your business each month receives a steady number of orders and you make a good profit could pay a registration fee, but better discounted rates for each transaction the financial option enjoy for your business. Conversely, if your business is new and potential money still not set up is, or if you pay only a small number of sales per month, the cheaper option may be more per transaction but avoid a notification pay a fee. If the third-party merchants each month charges a minimal fee for their services and you have a low turnover, you have to judge whether your profit margin enough to warrant the amount you will pay service and perhaps consider views on alternative processors. Locate hidden fees such as statement fees.

Financial guarantee should not be the only consideration. While plenty of reputable credit card processors are available, there are some third-party merchants who are just out to make some fast money. Try you, with a company register, which has a long history and well established track record. Use whenever possible, personal recommendations to find a company with a good reputation. Check, whether they be to deposit funds into your existing bank account, will be how some companies that you set up an account with their own bank. You need to check which type of business of the third-party distributors are ready, is to take over. For example, process some only sell credit card transactions for business, which are physically delivered, while others employ only software authors.

Select a third-party trader is an important decision for your business. Make sure that you the packages offered by multiple credit card processors before committing one compare in particular.

Lily writes on a variety of topics. Their latest articles cover topics such as making your own children donkey costume and dressing up suggestions such as Buzz Lightyear Fancy Dress.

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Interesse an Händler-Account? Entdecken Sie die vielen Optionen

If you just start a new business or trying to expand, can your profits increase, by opening a merchant account. A merchant account, you can accept debit and credit cards. It will increase your business, your customer base, the satisfaction of your customers and your credibility boost. Read this article you want to find out what merchant account options for you are available.

Internet account

Internet accounts have been created for companies to sell their products on the Web. The fact is that most people use debit cards or credit cards when it is online, shop as an Internet merchant account you essential your profits increase. Keep in mind that an Internet merchant account costs you more as a higher risk of fraud, but the charges are still appropriate.
If your business is to thrive, you should take your business online in any case. You are competing with so many companies on the Web, so it is crucial that you accept from your customers credit cards and debit cards. If you are not these payment methods, you reduce your sales and lose a substantial part of the business.

Retail account

Retail accounts are ideal for brick and mortar companies that can use credit card processing machines. After you open this type of account, you will receive a terminal for your countertop. You use the Terminal to swipe of your customers credit card. After you swipe the credit card, is the terminal of the customers to retrieve information and approve or deny the transactions. Keep in mind that retail merchant accounts lower transaction fees are associated with.

High risk merchant account

High-risk accounts are excellent for companies, with many product returns and free of charge back. High risk merchant accounts are also best for companies who employ a higher for fraud such as potential, the travel, casinos, cigarettes, pharmaceuticals, alcohol, adult products and replica products.

Phone or email account

Account type was created for companies that need to accept credit cards over the phone or by e-Mail. It is always a good idea, phone and mail order payment options provide, because some customers prefer these methods. Some people feel more comfortable if you order by phone. Remember, that mail accounts are perfect for direct marketer and catalog sales.

Offshore account

An offshore account is ideal for companies to provide that all over the world and it helps international clients accept credit card payments to you. Offshore merchant accounts are easy to open and affordable.

Wireless account

A wireless account is ideal for companies to carry out the transactions outside of an Office. For example, a food manufacturer in the streets with a wireless terminal can credit cards.
Today, there are hundreds of merchant account provider. Many of these providers are well respected, legitimate companies. Some of them are however dishonest, so you should use only one company you trust. A good merchant account providers offer a variety of options at an affordable price.

Merchant accounts are suitable for any kind of business, and they are affordable, so it's in your best interest to accept credit card payments from your audience to start. Holding you to read if you are still not convinced. Since most people like for purchases with credit cards and debit cards to pay, win new customers and lock in your current customers. Shopping with companies that accept only cash stops people and they will come to you. In addition, if you accept credit cards, you will show your customers you are interested in and you will make your life easier. They are likely to come back for your business in the future, and they spend more money when they see things that you wish to purchase it.

Their customers confidence is enhanced when you open a merchant account, because studies show that people trust businesses that accept credit cards from their customers. These companies see as legitimate and trustworthy.

Consumers free hotel stays, cash and rewards from their account providers also as credit card use, because they enjoy flyer miles, points. Shopping with credit cards is also more secure and safer than with cash, especially in the consumer online shopping are.

If you open an account, you have to wait weeks, your money. If your customer orders and pay for their purchases, you have the money on the same day or the next day. The funds are deposited in your checking account business. This is said to you should a merchant account open in any case, if you today to increase your sales and cash flow.

Mort Paulsen is a freelance writer who writes about a variety of issues such as companies and Merchant accounts.

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Zahlungsabwicklung Tipps - Händler-Account

Online payment processing gives your customers convenience of being to shop from their computers, without the hassle, physically visiting your store. However, setting up your online store can be a daunting process. First, you need a merchant account.

A merchant account is a specialized bank account set up, accept to credit card payments. Merchant accounts are required for online and offline companies that want to accept payments through credit cards. These accounts can be obtained from two sources; a bank or a third-party merchant account provider.

A merchant account provided by a bank is often preferred as it can build a stronger relationship with your bank. The main disadvantage to the account of a Bank, however, is that the fees, application, and current, can exceed a third-party.

Banks are, in General, not your business with a merchant account offer and if it is believed, be a high risk. High risk industries include online pharmacy, travel, and multi level marketing companies - but all Internet companies carry an increased risk due to the fact that the credit card and cardholder are not physically present during the transaction.

If you can get an account from a Bank, you must refer to a third party merchant account provider. There are a few distinct advantages that third payment processors have banks, namely:

Due to the competitive nature of the market, third-party merchant accounts have often lower than banks.


Third-party account often have payment gateway and payment processing solutions, so that your it easier to get memory operating system integrated.


Some account created provider, that higher risk industries such as travel and pharmacy can be accommodated. It is important, but keep in mind that if you are in an industry "high risk" you will take probably at higher rates to cover the risk.

At the end of the day, it is important to explore all your options, including your Bank and third-party account providers.

These tips brought to you by PaymentProcessingTips.com, practical advice, a payment processor as well as reviews on popular cash offers processors such as PayPal and Intabill.

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Small business eTailer - survival tactics

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Small businesses work hard to find and take care of, the treasured 20% of great customers that make every day worth the effort. They are why we keep moving forward with constantly improving and enhancing the customer experience. But small business owners know great customers really are only 20% of the Customer Service day. Fraud prevention and interacting with the risks of the global internet are the largest issues in growing a successful business; are ongoing, and never easy.

Most anti-fraud material and election year legislation is all about protecting consumers, while little press exists about serious risks those protected consumers can present to small online merchants. Retailers in general but especially smaller e-tailers, are under siege in environments overly emboldened by easy litigation, lack of internet controls, and over-hyped consumer protection initiatives.

Smaller retailers grapple with the balance between attracting as many consumers as possible to generate revenue, while barricading their businesses from a steady stream of unsuitable customers that persistently drain human, public relations, and financial resources through outrageous demands, tantrums, threats, and even outright fraud. Complicating things are Credit Card Issuers that can be more than accommodating in charging merchants immediately when difficult customers claim "no fair" (after receiving the merchandise of course) with a righteously indignant "I am not satisfied!" excuse.

Occasionally, an angry customer may opt to try and ruin lives by submitting horrific reviews and blogs, on any public website with a great big javascripted "submit" button. Don't panic. Issue an equally public response to the same forum that is carefully written, and impersonal, making it clear to the whole world your people are very concerned and surprised at any customer disappointment; and look forward to the opportunity to serve that ... er .... person ... again. The main point is, to counter with a response that announces "hey, this company really DOES care about service ... what is that whiner talking about?".

Outside of the most deserving people in your customer base, family and social circles, it's a new age of reckless, "I don't care just gimme or you'll suffer" brutishness that inevitably creates high victim counts, and higher costs for the nice guys. Small online merchants are gradually, sometimes painfully, learning what it takes to fend off the worst of it.

Most importantly, customer screening and credit card fraud prevention go hand in hand. Typical characteristics of a potentially bad customer often mirror a fraud risk profile for the merchant as well. It must be said that credit card companies do offer anti-fraud guidelines that should become SOP for pre-screening orders. That said, here are a few more strategies experience in online retailing has taught me:

Free Email Users. As it happens, "freemailers" are suspect according to Credit Card Industry guidelines, but some of our best customers also use free mail services. I can say that most of the worst customers we have ever had also placed orders using free email accounts such as hotmail or gmail. Profiling in any context isn't exactly dernier cri nowadays; and because so many of our nicest customers use freemail, we go with it.

Actual Case: Customer uses an organic blanket for 2 months then demands a refund because it smells funny. When Customer Service rightly refuses, citing policy and federal sanitation guidelines then wishes the customer a nice day, daily screaming email streams from the hotmail account commence, complete with chargeback threats and, yes, ALL CAPS.

Target or Macy's: No big deal ... send lovely letter that says "Sorry, Policy. Can't wait to serve you again soon!", and customer can go blog their brains out.


Small businesses: Refund the money (with lovely letter) and bolt the door. You don't need that.

Before processing orders ensure somebody follows ALL security check procedures provided by the Credit Card Issuer(s) for each transaction. Take the time to telephone flagged customers and verify shipping address, identity, and participation of the cardholder. If warranted, refuse to process the order without the invasive, infamous, "Credit Authorization Form". Oh WOE to the Privacy Act!

Fax it or shop elsewhere.






International Shipments. Unless your business can afford to absorb 70-80% of high ticket international transactions in losses, DO NOT SHIP OVERSEAS. Only American Express has the ability to verify international credit cards at this time, so it's open season on stolen MasterCard and Visa cards. Criminals simply take delivery of hundreds or thousands USD in merchandise; then 87 days after the transaction claim they knew nothing about it. The only loser is you the merchant, as you watch your stolen merchandise get sold on eBay. Side note: there's a lot of stolen organic bedding out there. What's on your bed?

Our advice to small business owners: No shipments outside the USA, Canada, Alaska, Hawaii and Puerto Rico. Period.


(Proceed with caution when shipping to Hawaii or Puerto Rico though. Certain former U.S. postal agencies have a remarkable propensity for losing merchandise over large expanses of water, creating an entirely new breed of bad days.)






Chargebacks. A truly nasty weapon; a threat that gives a few people wierd satisfaction. Most (not all) chargebacks amount to legalized theft that makes customers feel comfy about applying for a credit card at merchants' expense. You can count on it being used by the freemailer deliberately projecting a rage factor for his/her issue (watch for that catchphrase "I am APPALLED!". Uh-huh. Guaranteed chargeback if you just shipped 3 thousand bucks worth of wholesale goods to "a friend" of the cardholder's in Shanghai ("I was not satisfied with the service").

Problem 1: Merchant pays vendor wholesale ( $150.00) for product plus shipping ($45.00) to deliver to customer. Later, chargeback is debited against the Merchant for full amount charged at retail. Instead of earning, say, 40% gross profit on the sale, Merchant has not only paid ($195.00), he has now paid (wholesale+shipping $195.00)+(retail+shipping $255.00+tax $13.50), or over 200% cost out of pocket AND lost expensive merchandise to a legally enabled petty crook, just for the pleasure of recording a nice sale on the books. The boneheaded crook doesn't care. On eBay he/she will probably net about $150.00 making the original merchandise worth $210.00 at retail worth $463.50 in losses, plus $150.00 or more in profit to the criminal

Problem 2: Even if Merchant can get a reversal, some third party processors, including PayPal, may suddenly freeze a company's assets completely when a chargeback is issued. More than likely the freeze of your assets will last at least 180 days or 6 months. (It is written that PayPal did settle a class action lawsuit over this issue, but I wouldn't count on anything.) A vulnerable small business can be destroyed and the owner's credit possibly wrecked for years. Which is why the occasional vindictive customer will deploy that threat with such sadistic delight.


First, if possible cancel the order or refund immediately, then slam the door. (Sorry, the overseas shipment is a loss.) If they try to order again, send the most darling, pro-customer "thank you so much for shopping our website" rejection letter in the template arsenal, and do NOT accept another order. That would be a blacklist item by the way.


If the chargeback is issued, don't be intimidated. The foreign goods are a loss of course. For domestic shipments if possible, rebut to the Card Issuer with those UPS tracking numbers and insist the chargeback be reversed. Notify customer you have provided proof of shipment to his credit card company, and he will be re-charged. Don't tell him his credit privileges with your store are also permanently suspended. You don't need to encourage the customer to plaster nasty prose about your company all over the internet.

Make sure your business has more than one merchant processing account ready to go in a New York nanosecond. If the worst happens, don't let another transaction get processed. Switch instantly.

Never keep large balances with processors such as PayPal or any other related financial institution, where assets can be unexpectedly seized. Routinely transfer enough operating income to the connected bank account and move the rest OUT to another account altogether, where it cannot be touched.

Wish I could close with the comforting assurance that with a bit of caution all your dreams will come true, but that would not be accurate. Fact is, Yes, serious online retailing is definitely about finding good customers and making enough money to grow the business and live well. But it's also largely about shielding your business and assets. Small businesses must have solid, flexible, and opaque protections in place. Secondly, it's about locating and properly marketing to quality consumers, while discouraging customers that probably cost more than they should. Finally, it's about doing your best to ensure product delivery and satisfaction for all customers, rewarding good people appropriately, while quietly removing the occasional bad eggs that can poison the entire basket.

Susan Fullen-Yurek is an online entrepreneur primarily engaged in organic bedding and linen retail sales, and developing acquired internet spaces for future use. While this article is not relative to the organic industry, she deemed the content important enough to share with other small business owners.

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What Free Merchant Account Holders Should Know About Credit Reports

Apply for a credit card? Planning to buy a house or a car, and to make a mortgage or loan? Starting a business and you need an Free merchant account? Then is a requirement that you have to offer (whether you it or don't want) a Credit report.

What is a credit report? A credit report lists your credit history, as well as information about your residence history (where they lived), history (your bills and how you pay for) buy verdicts against you, (have you have been sued, arrested, arrested for financial reasons) and whether you bankruptcy or not have been. In this report, all financial information.

How important it is? A credit report determines whether a financial company (a Bank, credit card companies etc.) process or grant what you requested. A credit report is impartial - it lists only information, but it will never make a decision, whether it "bad" or "good"

A Bad credit report is there generally considered "bad":

You have an outstanding debt

Once you have declared bankruptcy in your life

You have imprisoned for a time

You have insufficient assets

Your credit report has information:

ID information, who you are? This section contains your full name, nicknames, aliases of take your social security number, birthday, current address (as previous addresses), employers (current and previous) and civil status. Can also contain information about your spouse.


Credit information - how many credit cards do you have? All financial accounts you have with financial companies, including but not limited to banks, credit card companies and lenders (be it a mortgage, student loans, recurring loan). This section includes when and where you opened the account, credit limit, and for loans, amount of the loans, co-signers and payment includes behavior.


Public record information - have you ever bankruptcy? This section contains declared bankruptcy, monetary decisions and "all financial", the public or is made declared.


The last questions , read your credit report? In this section, you are made all requests in the last two years.

, The power of the credit report. Consumer reporting agency (CRA) or a credit bureau collects the information and charges a fee every time, if a request is made.

Needless to say, whether you are applying for a loan, credit card or a free merchant account are, you will need a credit report. Here are some tips, look dashing to your credit report:

A copy of your credit report every two years (every year, if you prefer) get so that you all the information is correct and assure the last, as well as keep in mind you can all inaccuracies and to take immediate action. This also protects you from identity theft.

Late payment of your invoices to your credit report force. Pay all bills on time because your payment history on your credit report is displayed.

Did you know that if you bankrupt, it remains on your credit report for 10 years! As much as possible, you avoid at all costs. Pun intended.

Longevity all - a home and a job - shows sign of the resistance of the lenders look forward to your visit in your credit report. House hopping is perceived negatively.

Businessmen who are apply for a merchant account is free of rejection, if a credit report as a good and worthy. Although not all providers ask merchant account then, traders need a good report high risk for credit.

Take not more debt than you can handle.

A good credit report is a bit 1,36 difficult, but with discipline, and common sense all it its value at the end when you at last, that loan, or the card or this merchant account free of problems.

Benedict Bailey writes for several Web companies in particular in the fields of the free merchant account services, free merchant account services, e-commerce and credit card processing. After a serious accident on its first e-commerce site, Benedict started, people by his writing on the merits and risks of being an e-commerce merchants to educate.

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Der Merchant Cash Advance Industrie

Introduction

The merchant cash advance industry provides working capital for small and medium-sized enterprise of financing for reasons such as for example the acquisition of new equipment inventory, expansion or transformation, payoff debts or taxes or emergency funding. The dealer advance industry has in recent years quickly grows as the credit crisis to companies not in the position, type on conventional sources how companies has led banks and commercial finance.

Advance

The nature of the product rise merchant cash advance requires entrepreneurs, a positive need of this alternative financing have product. A merchant cash advance is, although not a loan product the SBA (small business administration) a similar audience as industry-MCA (merchant cash advance) provide. A traditional advance product ensures the average Visa/Master card volume over a four-month basis. Unless, of course, a cyclical companies the past the same monthly average twelve months processing is applied. The factorization of the future credit card receivables are the courage of this product. There are usually no personal guarantees or security. Because it is not a loan, there is no terminology of the contract of sale. The Company undertakes to effectively, a part of their future credit card swipes today for a discount sale. The agreements are usually the assumptions of the repayment, typically in a six to nine months repayment cycle estimated built. Payment is easy. The Merchant agrees, a small withhold of their future credit card beats swipes. This process occurs until the principal is paid down.

Business

Business loans are becoming increasingly difficult and the emergence of the merchant cash advance industry is booming. Progress be accompanied business cash account by fast approval and even faster on traders. Technical is very simple. The advance will appear on personal credit of the owner. Take the need for the merchant cash advance product continue to appear. "Business Week" reports that the size of the merchant cash advance industry 50% in 2007 to around 700 million $ jumped.

Merchant

Dealers want to know how it works and what it will mean for them. The entrepreneur must use the provider of credit card processor since the advance automatically is paid back income as a percentage of each batch. Business cash advances are unquestionably more expensive than traditional bank financing loans; It is simply an alternative to the busy banks looking for all types of collateral on the business and personally to the applications of owner of. This is a rapid financing option, which uses future sales, therefore no collateral on the rise. Cash providers claim that it has filed bankruptcy continue for a company, (if the automatic stay protects the business from most loans collection efforts) of credit card receipts can collect. Credit card funding is always one of the fastest growing finance niche in the United States. Cash advances are not only for small traders programs are up to $5 million dollars available.

OH

Recently started this program provides an alternative to a split in the credit card receivables. The insured person to the Bank cash flow. Repayment as well as the bank account, with a fixed direct debit daily on business banking days.
The programme also non-traditional SIC codes of different business types, such as lawyers, accountants, and other companies that conventionally do not process credit cards.

Starter

The Starter market has developed rapidly over the last three years. It includes essentially all of the fall from the conventional credit card advance program. These programs oriented to companies that qualify for a traditional progress can not. Less than a year in the business is open industry in the program are funded, liens, bankruptcy, foreclosure, judgments and high risk.

Conclusion

As long as there is the fast money, reliable and unsecured capital business, continue to the cash advance industry grow and develop. The cash advance industry is only about 10 years old, and has funded approximately 400,000 companies at national level.

David Rubin
Capital stack, LLC
CEO

http://www.capitalstackllc.com
http://www.capitalstackonline.com

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Gambling merchant accounts - 10 points to consider

Choice is a gambling merchant account, similar to when you select one requires a good deal of thought and consideration, such as the main purpose of the Internet payment gateway other merchant account or online payment gateway, ensure the safe and secure transaction of funds to an online service provider and a client.

There exists a variety of merchant accounts on the Internet today to process choice, with some of them are found transactions for certain online businesses, while others choose to treat all forms of online companies that require a payment gateway. Certain forms of companies have classified as "high risk", in particular because of the one aspect of the business.

High risk merchant account is defined usually by factors such as type of industry, credit history, history, average ticket, monthly processing volume and location of the business.

Companies that as a high risk include adult content, gambling, pharmaceuticals and magazine subscriptions, streaming or download content, dating service, travel and travel services.

Here are some notes to consider when looking for a viable gambling merchant account provider:

1. Make sure to do a market research. You talk to someone who has spent years in the business, you can learn many important things from them.

(2) Check the big numbers, cancellation fees, and above all the hidden fees up front. A merchant account provider, who really wants to do business with you is at least try to work with you the customization of your functions.

3. Provided safely to compare different discount rates of the different payment processors. There are always a merchant account provider and offers good online services with a much better than others.

4. Be careful, advertising which appear suspicious or can be misleading. If they are on your ads they will do then most likely the same for you.

5. Check the integrity of the company. A background check to do and see if the company for good business practices is known and if they have handled with companies like yours.

6. Take a habit of signing a contract to hastily. Read the application carefully, because some treaties a not clause or sentence lead. If an application with you overnight will not leave a company, they are likely trying to use "high pressure" tactics so that you don't have time to really know what you sign.

7. Find out what the people of the merchant account say providers and see which provider has the best reputation. Often, the best form of marketing through word of mouth is because this first hand suggest experience and not just hearsay.

8. When choosing a credit card payment processor, please check out the fees and services. Compare you that will work is best for your business.

9. Check out how and when you will receive the payment. Some merchant account providers have a minimum amount before you sent the payment. Can others with wire transfer fees charged.

10. Avoid companies with high monthly fees. These providers are you drain your resources. Many of these companies rely on the monthly fees to compensate for their marketing and efforts.

Jess Gables is a traveling journalist and published author of numerous articles, travel and service sites, TV shows, and printed materials. It is also a great post of articles to various online resource cited, anchoring the reputation of being a trusted author on various topics. Gables is a content producer for several resource sites, and she has a background in photography, videography, pre-and post production and online affiliate marketing.

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Credit card acceptance to conventions and association meetings

Credit and debit cards card acceptance Association meetings and industry conventions can a necessary addition to any developer toolkit. There are several currently available options for the acceptance of payment cards of such events. What is best for your business depends on your own specific requirements.

Wireless credit card processing. A wireless merchant account solution uses a wireless terminal, which allows your customers swipe their cards through a slot and collect cardholder information in a manner identical used users with a physical terminal solution such as that of retail merchant accounts. The advantage of using this account is processing there are dealers of the lowest processing to record, as are the accepted payment in the lower risk category "Face". Because it manually enter no need also save valuable time at the dealer, the collected information in a Web browser or a telephone keypad. The disadvantage is that retail terminals are significantly more expensive than regular wireless terminals and there is an additional monthly fee for the service. It is generally recommended processing of large volumes for traders.

Credit card processing by phone. With this service traders choose just their credit card merchant processor system and key in that covered payment information. The advantage of using this service is that it very easy to set up and there is no need for additional hardware or software. The disadvantage is that processing rates are the card wireless credit card processing, because the transactions in the high-risk "Card-emergency-present" category would have been higher than them with one solution.

Virtual credit card terminal processing. Virtual Terminal is a Web based service, which allows you to connect to their providers of payment processing merchants and provide transaction information with their favorite browser. It is quite sure how it will use SSL encrypted connection and easy to use as it can be from anywhere Internet access is available access. It requires no additional software or hardware, as well as the telephone service. Also, the processing rates are higher than the accepted payments fall into that category with high risk "Card-emergency-present" card.

Sure to carefully check processor prior to the selection of appropriate service presents you the options of your merchant account and keep in mind that the telephone and virtual terminal solutions free of charge can be added to your existing account.

Phone credit card processing

Virtual Terminal-credit card processing

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How to declare accurate credit card processing limits

Your company monthly credit card processing limit is probably the most important aspect of merchant account applications. Processors give an idea of how much you plan each month handle credit card business. It also helps to determine the level of risk that be taken by using a merchant account. Exceed the monthly credit card can be adversely processing volume to your company, and you could end losing your account, penalty fees, numbers or have stopped your money for months, and sometimes not it at all.

The credit card processing monthly limit is to process the monthly volume, which you expect your business, visa and MasterCard sales. When assessing your monthly volume you want to some guess, which is too low and if you a number of estimate, which is too high you can run into the problem not approved for a merchant account. The amount that you declare is closely monitored by your processor. Their task is to ensure that you are in compliance.

This is why certain information like; What kind of business a client involves is, anticipating the monthly volume of sales and gathered information from credit reports. Processors have to cover from the losses and chargebacks, you can't cover or if you go out of business due to bankruptcy. Processors have loss prevention departments to see all credit card data processing activities in your company. Activities such as spikes in your credit card processing transactions on your certified sales estimate; higher average ticket orders; a number of orders to process at once; or entrepreneurs wait for their merchant account be set up and then accumulated credit card orders processed within the first day.

Calculate monthly limit to your credit card processing; determine the monthly limit processing for your business, you must increase the highest processing month, except on public holidays and then this amount by a small percentage for growth. If you have a new business, you make a very educated guess for the monthly gross revenue for each month in the course of the year, except on bank holidays, determine the highest-grossing month and then this number to 10% increase. Consult your merchant account provider or sales staff first to ensure that this calculation works for your business before it in their own way. Remember not all business alike.

To prevent losing your merchant account and pay outrageous fees, should take you each month on your processing volume. You can run a seasonal business where your sales are higher in some months than others. If you notice changes in a situation like that and you on a month to month, contact your merchant account provider to request a processing volume increase. Get a credit card processing higher limits can be as simple change such as filling out forms. Some providers are your increase in the size of the boost and the age which based your merchant account.

Melvin Pritchett is the creator of the merchant you currently dedicated to ideas, a website with the latest tips and credit card services ideas considered processing and merchant account. His focus is based on enlightenment of the businessmen about the process of accepting credit cards and online marketing by teaching practical ideas for a competitive market.

For more information, visit Pritchett's Web site at http://www.merchantideas.com or sign up for his important dealer tips at [http://www.importantmerchanttips.com]

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Merchant account reserve

A reserve is a part of the monthly revenue from the merchant card processing transactions, processing credit card companies may require to keep in an escrow account as insurance against possible loss of chargebacks and other sources. Especially with used with high risk merchant accounts, satisfactory completion of a given period reserves are returned to the dealer. The rolling reserve, a reserve is every month for a specified period (usually six months). In the following month the first month is published reserve of the dealer, and then the second month reserve and so on until there is no longer a reserve.

Certain industries tend to risky to generate than others and in increased chargebacks. All merchants who operate in a non-face-to face environment fall into this category. Direct marketing and e-commerce are two examples. However, only a small percentage of these companies for a reserve - prompts typically businesses that handle large quantities and have a large average ticket. New company, working in the virtual realm are also candidates for a reserve prime and are carefully tested by their processors. Dealer, which are very high end of the risk scale and can no merchant account with a U.S. processor are sure that you have a reserve asked in addition apply very high processing rates with an offshore provider, to which, they will be invoiced.

A reserve can also be requested if a dealer has a bad credit history, in a personal guarantee. In cases where a reserve is required, the minimum balance for small business merchant accounts is reserve about 20% of the expected credit card payment processing volume set. New dealer may tend to build up their reserve by sending in transactions, which can only be lifted when the minimum reserve balance is reached; Then, the trader may withdraw the excess cash for the transfer of their credit card account.

Each merchant credit card processor has a different underwriting policy, so it is a good idea, that you request proposals before a decision several credit card processing. It can only be that one of them does not have a reserve to. But is this is only one of the factors you should consider when you choose a provider. Processing costs, customer service, transaction reporting functions, chargeback, and risk management tools, fraud prevention services are all very important and should be evaluated carefully.

Accept credit cards

Merchant services

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What Are the Requirements When Applying For a Merchant Account?

When companies decide to apply for a merchant account, they need a series of requests to get and maintain the account meet. The requirements vary by bank account, but there is a general list, the new company should be aware of before you apply for an account.

A merchant account is a financial contract between a company and the Bank that issued the merchant account. It is basically an open credit line, which is issued to a merchant by an acquiring bank. Such as a credit line a merchant account has limits, variable interest rates and other terms their use rules. Application for a merchant account requires submission of an application to a merchant bank for your opinion.

The following outlines general requirements must a company before obtaining a merchant account:

(1) Present a business plan: explain the details of your product or service, the business Web site address, and any advertising services
(2) Give the details to your suppliers
(3) Explain the method of delivery of the product or the service offered
(4) Provide cash flow information, the expected average online transaction values and estimated conversion rates.
(5) Provide details of the secure Internet Server, you want to use
(6) Provide your bank details and the authority to carry out a credit check.
(7) Provide a list of Directors and partners in the business in the

Credit and fraud risk: credit risk is the risk the bank reference to the amount it takes may owe the Bank. Merchant accounts get often to people who have no credit or bad credit histories. This is because fraud and contingent are liability risks of much more important considerations. New dealer they are not at risk large, since illegal credit card transactions are so familiar with the methods to prevent. Credit rating is business becoming more important, the longer a, especially as the monthly fee increases operates amount. Contingent liability risk is the danger that is associated with the merchant account. This type of risk involves not only the risks related to fraud, but also all unexpected risks that can arise. You must show the Bank may be that you are well informed about fraud and contingency liability risks and have taken the appropriate measures to reduce these risks.

High risk companies: high risk companies can be required higher Setup and/or transaction fees numbers. Reserve amounts are held in escrow by the Bank, which they have make the cost of unexpected chargebacks. Even though merchants see reserve requirements as a negative commitment, they can serve as protection for companies that have a higher risk can be a high number of chargebacks. Reserves are usually created by withholding a percentage of each transaction.

: Location requires establishing a merchant account in the United States: a current account is a business with a US Bank, one serves US postal mailing address, and a business site server must be within the United States. Additional requirements which may be imposed can if a company outside the United States include: a company must be a US company, there must be a guarantee, that a US social security number and good credit has, and the product must be stored and delivered from within the United States

Most people use some form of the payment card, to the majority of their purchases to make. This is the way to handle cards crucial for a company success. If a person decides to apply for a merchant account, is to understand the knowledge, what is the procedure go a long way to ensure a smooth and easy process.

Online payment processing company offers industry-leading payment gateway services for card issuers and acquirers. As Canada's and an of North America's largest transaction processors, our dealer services and expertise to provide innovative solutions and technical services for our customers today requirements provide, and in the future.

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Credit card merchant account provider

Selection of the best credit card merchant account provider can be an overwhelming experience. Merchant accounts are all readily available from many vendors. All you do need to, look at your favorite search engine, is that you find out. However, just because a merchant account company, offers services means that to go with the right company.

You first choose providers and not banks for a real credit card merchant account. A provider with a proven track record to find. Can check their better Business Bureau report. If there are numerous complaints, turn around and walk away. You must also anderwertig your business.

Secondly, her auszufinden whether they offer a 100% money-back guarantee. In this way can you try it for a period of time and see whether what they offer you match what they promised. Any reputable merchant account providers give you a guarantee.

Thirdly, you examine their customer service practices and their technical support options. Current and former customers have what to say about it? They offer a toll free customer service number? What are your customer service hours? These are all questions you should ask.

Next, you check out their fees. You sure they are reasonable, and one of the cheaper options out there. Be careful of those who offer deceptively low rates. If you find considerably lower prices than any other provider offers a something is lazy.

She should have to pay not an application fee, fee, installation fee, programming fee or annual fee. These are charges a lot, many merchant account providers will try that, you stick with. Be careful.

If a company tried, you require extremely high equipment prices or try you lease in one push, run differently. Stay away from leases and never pay what it is worth more for your equipment.

You have also your personal requirements. If you're going to many international credit cards accepted, questions you your processor, whether that is allowed. Some processors will shut down, your account if you international credit cards.

Ask your credit card merchant account provider handling of the issue of reserve. A reserve is a fee, which the processor back as insurance against chargebacks and other issues if you are a high risk. Make sure that your provider does not do so.

Make sure that you are given no cap in your monthly volume. Suppose you have a great month in sales, more than you have ever before sold. Suddenly, you're half way through the month and you can no longer accept credit cards. This can be the downfall of the company and it is not your fault. Or is it? It can, when you check in not before registering with your merchant account provider in monthly caps.

When choosing a credit card merchant account provider as such as how long she have in business, their technical competence, their availability via e-Mail and telephone, a training, they already offer online reports, exact deposits and statements and timely deposits finally consider other things.

Choose a credit card merchant account provider that not only meets all a proven track record over many years, with thousands of satisfied customers, offers your technical needs, but also one that has customer service and low fees and offers a 100% money back guarantee so you can try it out. Never settle for second best. It is this question of your company.

Zed Miller, an expert business author, bears regularly his articles to various websites only to help merchants, small businesses and retail houses, their base to expand market through the adoption of the prevailing mode of payments.

Read more articles this author visit [http://www.merchantservicez.com/Credit-Card-Merchant-Account-Providers.htm]

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Is a company name a prerequisite for establishing a merchant account

A registered business is one of the prerequisites for a merchant account. This is however not strictly necessary, which would result in a rejected application. While not all vendors for the same set of requirements ask; Some would like some obvious reasons:

Not for personal use

A merchant account is definitely not for the personal use. Of course there should be a valid business legally operated before you a line of credit can be granted by the Bank.

Probability, authorisation

As far as possible, merchant account providers offer merchant account only for qualified and legitimate business enterprises with good credit ratings for security reasons. Also unregistered company may be granted, but would be categorized under high risk merchant accounts.

Fast approval time

A merchant account application, which has legally set-up and permits faster compared to which the provider has passed all the requirements get unregistered those. The most reputable companies have financial sheets show the financial strength of the company. Proven track record as a strong supporting document when applying for an account.

Pay fewer fees

Recognised companies registered by law, for at least a year or two of operation are low risk and stable company apply; Therefore, you pay less than high risk companies. New companies and illegally operating businesses companies are categorized as high risk, because they are vulnerable to bankruptcy more susceptible to fraud, delinquency, and even in compliance with.

Have a greater chance of an approved merchant account, you must have an established and operative business. Apart from a registered company, account providers require the following other requirements: last 3 months of statements, business phone number and website business license, tax returns for the last 2 years, valid ID (driver's license), reverse check, if any.

For more information about Merchant accounts, please go to: http://www.takecardstoday.com/

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Different types of merchant accounts

After cash credit cards are the most widely accepted means of payment in the world. No matter what are you, or which product you sell. Chances are that you have a credit card processing system must have. American Express, Visa, the brand can vary, and there no such thing as a single payment gateway for each individual company. Any company can have a payment system that you are unique, but the payment gateway is the essential link what is. But before we go into the technical details, some of the basics out of the way to get to. In particular some of the terms currently in use.

Each credit card transaction on the planet in a predefined way acts, first the customer will provide its credit card information, credit card, then processed the details of a payment gateway, and finally the credit card payment is received in a merchant account. Different way in which the credit card payment is accepted, the credit could you to an EPOS (electronic point of sale terminal) or could a successful online shop that accepts your payment. To remember the important thing is that the mode in which you accept payment, not as important as a payment gateway and a good merchant account.

Okay, so that the next thing to discuss here is what a payment gateway? good a payment gateway is usually a third party system that processes that it might be the credit card transaction of the server from an EPOS, an e-commerce system dials, but the payment gateway usually refers to the latter, and the checks are completed the funds are then transferred to a merchant account. The essential component is the merchant account, is offered the merchant account company and based on the volume of the transaction and certain other criteria; the fees and maintenance is different. No merchant account is free, as the company offers you services. Merchant accounts are in general the different categories and depending on the type of business you run, apply different monthly fees, and percentage fees.

Important merchant account types

) regular merchant accounts - although no such thing as a typical business is in the business, but a majority of companies generally considered regular trading accounts are treated, they have low maintenance costs and lower prices than other merchant accounts.

(b) high risk merchant accounts - this category is generally used for high risk credit card processing accounts reserved, such as accounts of that handle a large number of transaction, the may or may not provide a 100% approval rate. An example is an outbound call center, trying hundreds of credit card transactions to determine the credibility of credit cards. There are also additional complications such as currency conversion involved. Hence the term high risk merchant account.

(c) specialized merchant accounts - there are some companies, which require specific credit card processing, may be or a specialized merchant account, which provides requirements such as offshore processing, and so on. Such merchant accounts are usually called specialised merchant accounts.

Mike Knudtson is co-founder of the recurring billing payment gateway Fastcharge.com and the founder of the merchant account provider electronic transfer, Inc. He has helped thousands of merchants, retail and e-commerce payment processing set up for your company. Wire transfer, Inc. is one of the leading credit card processing companies use dealer since 1989.

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Truth behind merchant account!

High risk merchant account is the only option for financially unstable online business. Huge profits and high free back are among other reasons for the examination of these companies at high risk. There is still confusion among consumers about the possibility of getting a merchant account. In General, companies domestic & home-based online business easily get a merchant account. The reason for higher fees, offers services for you your account also be case-sensitive. This is the main reason, obtaining high risk merchant account is not easy. As a result of getting this account are rather additional charges on your credit card processing. The reason of these companies to declare are obvious, especially online businesses with a high profits and sales. It is for these reasons and high profits, which amounted to transactions can result.

However, the bit for an economically unstable company makes it difficult to obtain a merchant account. There are many advantages to this account as it on all your credit cards on Internet access enable. There are many companies and financial institutions offers its services in expensive charges. Services fees may vary. Therefore, many companies are not entitled to have a merchant account. At some point domestic account holders for these companies accuse it too difficult for them. The most important reason dropping these companies is very obvious. These are especially online businesses with a high profits and sales. That for these reasons and high profits which amounted to transactions can lead this company as a high risk to be categorized. You will be amazed something, if you are asked to pay certain for this account as compared to a normal account, where you have to pay anything as fees.

These accounts are declined in General, for various reasons. If your application for this account for any reason is rejected, you must consider an opinion of a reliable high risk account company. To do not worry, that it takes some time before the adoption of your account, but it is worth the time and effort. There are several reasons for the name of any company. Enjoy your credit card through online run. In addition, an important factor in the processing cycle is the information transfer and handling of transactions by the buyer to the merchant amount access. Their high risk merchant account provides full access to your credit card and easily you can use it.

Visit my Web site for more information about high risk merchant account .

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New merchant account quick start guide for small businesses

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The process of getting a new merchant account can be pretty intimidating. There's a lot of information out there about merchant accounts and most people don't have time to wade through all of it before getting a new account. If you're that person, this tutorial is for you. If you're pressed for time, here's the vital information that you need to know before, during and after you get a new merchant account.

Merchant accounts are very important and we suggest investing the time to learn about them when possible. But for now - this tutorial will get you started down the right path.

Laying the Ground-work:

There's a lot of competition out there. Use it to your advantage.

The market for new merchant accounts is highly competitive and providers are willing to do whatever they can to get your business. Use this competition to your advantage and get quotes from at least three different providers. Most importantly, don't be afraid to let each provider know what their competitor is offering. Processing rates and fees aren't set in stone. Providers can move things around to try and best their competition. Let each provider know what the other guy is offering and you'll see rates and fees drop.

An online service called CardFellow is a great resource for getting quotes for a new merchant account. All you need to do is create a free account and providers will give you quotes right online. CardFellow will also help you select the best quote by working with you and the provider through their on-site Merchant Message Board. It's great service definitely worth checking out.

Not all contracts have a term.

Technically, all new merchant accounts have a contract - it's the contract term and the cancellation fee that you should watch out for. A contract term is the period in which if you cancel a merchant account, you will have to pay a cancellation fee. Month-to-month merchant accounts without a term can be cancelled at any time without a fee.

Don't disqualify a merchant account just because it has a contract term. Sometimes imposing a contract term will make it possible for a provider to lower rates and fees or lend a piece of equipment free of charge for the length of the term.

If you do end up considering a merchant account with a contract term, here are a couple of things you should be sure to ask about.

Term Auto-Renewal - Some merchant accounts have language in the contract that automatically renews the contract term if the account isn't cancelled within a certain timeframe. The cancellation period is usually about thirty day, but all accounts are different.
There's no guarantee - Merchant account contracts with or without a term don't guarantee that rates and fees will remain the same. Merchant account agreements have out-clauses that make it possible for providers to change rates and fees so long as they give notice of the changes. The notice of any changes will be posted on your monthly merchant account statement - that's why it's so important to read them every month.

You have to pay all rates and fees.

Even though discount and transaction fees account for the majority of credit card processing expense, you still have to pay all the other fees. Keep this in mind when you're comparing new merchant accounts. Providers know that discount and transaction fees are scrutinize the most by prospective providers and you may not find there's much of a difference in these fees between providers. However, fees like monthly minimums, statement fees, and other important but less visible fees may vary greatly. When you're looking for a new merchant account, compare all aspects and fees of the accounts, not just discount and transaction fees.

Equipment doesn't cost a fortune.

One of the biggest misconceptions about credit card processing is that credit card machines cost a fortune to purchase. That's just not the case. Very good terminals with thermal printers and other bells and whistles can be purchased new for $400 or less. Wireless terminals and other specialty equipment may be slightly more expensive, but it's still very reasonable if you find the right provider.

Before jumping into an expensive leasing agreement, shop around for different equipment prices and deals. Many providers even give terminals away with a new merchant account. Sure, you'll have to give it back if you close the account - but you didn't have to pay for it in the first place.

When you're applying for a new account:

There are no hidden fees.

I know it goes against all of the horror stories you've heard - believe it or not - merchant accounts don't have hidden fees. With that said, they do have hard to see, often overlooked fees. Merchant account providers can't charge you anything that you haven't agreed to in the merchant service agreement that you have to sign when opening a new account.

When you're opening a new merchant account, the provider will give you a couple documents to review. The first document is called the merchant service agreement and it's usually between fifteen and twenty-five pages long. The second document is called the schedule of fees and it's usually two or three pages long.

Be sure that you receive and review both of these documents very carefully before signing anything. It won't be the most interesting read that you've ever had, but it will be one of the most important. If you've unsure of anything in either document, ask the provider for a thorough explanation.

Give thought to your processing volume and average ticket.

When you're filling-out your new merchant account application, you'll have to declare a monthly processing volume and an average ticket. The term processing volume refers to the gross credit card sales in a monthly period and average ticket refers to the average dollar value of a credit card sale.

The underwriter at the processor uses these two figures to access the risk associate with your new account. Basically, that means they take these numbers pretty seriously. If you grossly exceed either of these figures once you begin processing, your account may be frozen or even closed.

Declaring processing volume and average ticket is especially difficult if you're starting a new business and you don't have prior processing history to look at. In this case, work with your provider to arrive upon realistic numbers and then pad those by 10 or 20 percent to be on the safe side. But again, every business is different so be sure to ask your representative for assistance if you're unsure.

Once you start accepting cards:

How much you're charged is determined by how you process transactions and the types of cards that you accept.

It's a bit of backward terminology, but when a credit card transaction charges at a higher rate - it's said to have downgraded. The way a transaction is processed and the type of card that's being processed are the two main reasons why transactions downgrade.

The main types of credit cards that downgrade are:

Business or corporate cards
Rewards credit cards
Government cards
Foreign cards

There's not much you can do to limit downgrades due to card type because card issuers have strict regulations that bar merchants from discriminating against cardholders because of the type of card that they're using. The good news is that you can limit downgrades that are a result of processing errors. Two common and easily corrected processing errors that cause downgrades are:

Failing to clear your credit card batch daily

Credit card batches must be sent to the processor within 24-hours or every transaction in the batch will downgrade. Failing to clear your batch every day can be a very costly mistake. For example, imagine that you've processed $8,000 worth of credit card transactions and you forget to clear batch. The next day you send the batch to the processor, but instead of being charged the qualified rate of 1.7%, the transactions downgrade to 2.5%. That's a difference of $64 just for not clearing your batch in the allotted time. Providers offer something called auto-batch close. As the name implies, this feature will automatically close credit card batches when there are transactions that need to be settled. There's no charge for this service and it will help you avoid expensive downgrades.

Punching-in transactions on a card-present merchant account

If your merchant account was issued under the assumption that you'll be processing transaction when the credit card and the customer are present, you were given what's called a card-present account. Card-present accounts have lower rates when you're swiping credit cards, but all transactions that are manually entered will automatically downgrade. This is a common problem for retail businesses that also process catalog of Internet orders through the same machine. All keyed-in transactions will downgrade to a higher rate. The solution to this problem is to open a card-not-present merchant account.

Chargebacks are serious business

A chargeback occurs when a cardholder contacts the issuer of their credit card to dispute a transaction. When this happens the merchant that made the charge will get a notice regarding the dispute. If and when a chargeback happens to you, it's very important to deal with them quickly. Merchants are given a limited amount of time to respond to a chargeback dispute. If the window of opportunity passes, the cardholder automatically wins the dispute.

Ignoring the fact that chargebacks are very costly, excessive chargebacks may result in your merchant account being terminated.

The best way to protect you business from chargebacks is to stop them before they happen. To do this, create a chargeback prevention plan and be sure to follow it for every transaction. When you do receive a chargeback notification, deal with it immediately.

Scrutinize your merchant account statements

For many businesses, credit card processing charges account for a significant portion of monthly operating expenses. This is reason enough to read your processing statements every month. Statements are confusing and it takes time and effort to learn to read properly - but you can't afford not to!

If you throw your processing statements in a pile each month - stop! Open the statement every month and scrutinize the charges. If you're not sure how to decipher the statement, call you're provider and ask them to explain everything in detail.

Don't forget your processing volume and average ticket

This can't be stressed enough. Grossly exceeding the processing volume of average ticket amount that you declared on your merchant account application can result in your account being close and your funds being frozen. If you need to, write these figures down and post them where you can see them when charging credit cards.

Merchantcouncil.org offers new merchant account information as well a wealth of additional unbiased merchant account information to help businesses make an informed choice about their processing solution.

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