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FREE OFFSHORE CREDIT CARD PROCESSING AND TERMINALS

It is impossible to run an e – commerce project successfully, these days, without the capability of accepting credit card payments. Processing of Credit Cards involves several things like verifying the customer’s credit card expiry date, number and other information related to credit cards.

If you are an amateur in business, the option of “Free Credit Card Processing” services will be the best suited for you. Unlike the normal processing of credit cards, the user of “Free credit card processing” will not have to pay any monthly gateway fees, minimum transaction fees, secure server, customer service fees and software for credit card processing.

Almost all “free credit card processing” firms only charge a small fee for each transaction or a percentage fee on a monthly base. Hence, free credit card processing will save a huge amount for your business each month. Yet, this will not work out as well as merchant accounts, for your company. Regular processing of credit card involves payment of a license fee, discount fee, minimum fee and statement fee on top of the start – up fees that we have to pay.

If you decide that “free credit card processing” is all you can take, then take a trip to the nearest credit card processing company and understand what sort of transactions mostly take place while processing a credit card. There is also another of option “Third Party Credit Card” processor which is also much less expensive than merchant account to begin with.

There are several “free credit card processing” firms that do not require you to create a merchant account. Presently, there are several online businesses that use the “free credit card processing” facility, which include Offshore Merchants.

Do Free Credit Card Terminals really exist?

Well the old saying “You cannot get something for nothing” is absolutely true in this case. When the companies talk about Free Terminals, they are not totally free. It means that there are no upfront costs. However, such processors who give free terminals recover the cost by charging various fees’ like termination fee, monthly minimum fee and annual fee.

If we look at it in one way then, the merchants are being cheated by these “free credit card terminal” providers. Also, the processing equipment is never yours. You are only entitled to use the equipment as long as you have a relationship with the company. Also, you will not be able to take the equipment to any other service provider as the terminal’s program will not work.

If you decide to terminate your account, according to the agreement you will have to return the machine as it was when you received it. But, this will mostly impossible because after months of usage the machine would have got worn out a little bit. Therefore, you are now liable to pay a penalty ranging from $595 to $795. If you total the actual cost incurred for the free terminal it would come up to much more than the cost of a paid terminal.

Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account, high risk ach account or offshore merchant account for a high risk merchant.