08th June 2010
Merchant Accounts Are A Secure Way To Do Business
Merchant accounts can provide you the opportunity for doing business and also give you tremendous economical benefits along with tax reductions.
Merchant accounts can provide you the opportunity for doing business
and also give you tremendous economical benefits along with tax
reductions. These accounts use secure payment gateways to ensure that
credit card information is not compromised and also offers some form of
fraud control to protect you from charge backs and fraudulent payments.
They offer accounting tools, including real-time reporting and payment
trends to track your success. Moreover, these accounts allow customers
to choose the payment method they're most comfortable with and pay in
seconds and you can accept a number of payment methods, including all of
the major debit cards, credit cards and PayPal. These types of accounts
can accept point of service sales as well as Internet, phone and
wireless sales for mobile companies.
• Merchant accounts companies specialise in providing smaller online
businesses with simple, easy to use, accessible, online payment services
and it is quite easy to find range of services exactly what you are
looking for, if you are looking for an online payment package. They can
also advise you of the best deal for your business.
• For your account, the first thing that you need is a financial
contract that you will need with a merchant acquiring institution, i.e. a
bank. This will offer your business with the facility to accept credit
or debit card payments. A payment gateway will connect your main web
site to your merchant acquiring bank over the Internet. Normally this
will provide an area on a secure server to host your payment forms, and
will forward the transaction payment data in real-time for
authorisation. If your bank authorises the transaction the payment
gateway will return a confirmation page back to your customer and send
you the notification of the successful order.
• You normally need a special kind of merchant accounts, if you are
trading online, this would allow the store owner to accept payments
securely and safely. The ones from your bank for over the counter
transactions are not always valid for online trading.
• In the ecommerce accounts, your customers will be able to have all
their transactions handled almost immediately. It also puts the money
directly into your business bank account, rather than having to wait
days or more for a personal check to clear.
• These accounts work quite quickly, as when the card users visit your
internet shop to order your goods or services and make payments, and the
funds will usually be in your bank account after three or four working
days. In some cases, if a transaction proves to be fraudulent, the money
will be reclaimed from your bank account, this is known as a
Most merchant accounts provide a convenient way for customers to pay as
well as increase sales revenues. And it’s fact that anytime you make it
easy for the customers to do transactions you can be sure there will be
an increased flow of business. Customers will always prefer short,
simple transactions and can become loyal when their purchase process is
simpler compared to that of your competitors.