Hi there,
Before I start, I’d like to say that I am willing to continue working
on your question until you are satisfied. If you have any questions
or if this doesn't satisfy your request, please post a clarification
request before rating my answer.
For serious internet businesses, the selection of a merchant account
provider is one of the most critical decisions you will make. And for
companies with unique ecommerce needs or risk management issues, the
point at which you choose the right merchant account provider - one
that can meet your special needs, help your business grow, and approve
your terms of business - is a defining "make or break" ecommerce
moment.
Because there is a broad range of merchant accounts available and some
can, as is too often the case, hamper your business growth, drain you
with exorbitant hidden costs, and even bring business on your Website
to a grinding halt.
Since this is the case, I will first give you others and my
recommendation for merchant account providers and then provide you
with some information on choosing which will be best for your
business.
Rank 1: Echo, Inc. http://www.echo-inc.com/
Echo has very competitive rates, friendly and competent customer
support (24/7)and does not require much of a credit history to get a
merchant account. There are no hidden fees and you are not required
to pay anything for the month if you don’t have any sales.
The important thing about Echo is that it is not a merchant account
provider who resells credit card, debit and check solutions for other
companies/banks. They own their own bank and every merchant account
is processed through it (which gives them the ability to accept
virtually every merchant no matter what credit rating they have)
They have also developed and run their own Internet payment gateway
(like verisign and authorize.net) so they do not charge monthly
gateway fees.
Rank 2:
TMS (Total Merchant Services) - http://www.totalmerchantservices.com/
They do direct deposits! (Details)
Apply online & be setup in 24-48 hours!
Compatible with 175 shopping carts! (List)
Lowest setup fee for Authorize.net gateway!
Past bankruptcies & bad credit is no problem!
Rank 3: Cardservice International
(http://www.expandyourbusiness.com)
For information about this provider, visit:
http://www.merchantinfoweb.com/merchant-account-services/cardservice-intenational.htm
Rank 4: E-Commerce Exchange (http://www.eccx.com)
For information about this provider, visit:
http://www.merchantinfoweb.com/merchant-account-services/ecommerce-exchange.htm
Rank 5:
Credit card processor Inc (http://www.creditcardprocessor.com/) has
become one of the largest Merchant Account / Ecommerce Provider's in
the credit card processing industry. They don’t offer anything unique
but they have guaranteed lowest prices.
For a detailed and comprehensive guide to merchant accounts, credit
card processing and the associated fees, visit:
http://www.merchantinfoweb.com/
Merchant Info Web is the least biased site of the information websites
out there.
For a list of other reliable merchant account providers:
http://www.merchantinfoweb.com/merchant-account-services/merchant-account-providers.htm
You can also choose to accept credit cards without your own merchant
account by using “Third Party Merchant Services”.
If you're starting a new online business, third party credit
processors are a strong option you should consider. By going through
the third party merchant servicess, you'll need less paperwork, and it
is easier to get started with credit card processing.
Third party merchant services are a company that can accept credit
card orders on behalf of you or your company. This makes obtaining a
merchant account for your company unnecessary, although it could be
worthwhile if you sell enough goods to warrant the expense involved.
Third party merchant services own merchant accounts with the
additional rights to use that merchant account to accept credit card
orders on behalf of other companies. They take care of the entire
purchasing process. This includes shopping cart, credit card
authorization, customer service and billing inquiries. When customers
are ready to buy, they click on a link on your site and are taken to a
secure order form on the third-party server. You are notified, usually
by e-mail, that a transaction has been processed. Your only
responsibility is to ship the order. Some processors handle returns.
Because they manage all aspects of transaction processing, third-party
processors allow small-business owners to save money on administration
and customer service. You don't need to manually verify transactions
or respond to billing questions.
For a list and description of third party merchant service providers:
http://www.merchantinfoweb.com/merchant-account-services/third-party-merchants.htm
The following are articles on how to choose the best merchant account
provider as well as deciding which online payment (epayment) option
you should use (credit cards, online checks & debit cards, Digital
Cash & Micropayments, escrow services, etc)
The Best Merchant Account for Your Business – Kurt Thumlert
http://www.sitepoint.com/article/548
Guide to Online Payment Acceptance - Part 1 - Matt Mickiewicz and Jim
Conley
http://www.sitepoint.com/article/494
Guide to Online Payment Acceptance - Part 2 - Matt Mickiewicz and Jim
Conley
http://www.sitepoint.com/article/495
Guide to Online Payment Acceptance - Part 3 - Matt Mickiewicz and Jim
Conley
http://www.sitepoint.com/article/500
Guide to Online Payment Acceptance - Part 4 - Matt Mickiewicz and Jim
Conley
http://www.sitepoint.com/article/501
I hope this helps.
Best regards,
Tox-ga |
