COMPARISON BETWEEN ONLINE AND FREE
OFFSHORE MERCHANT ACCOUNT
The term free merchant account does not
mean that the whole account is available
without any charge. They are not totally
fee. The only fee which is not charged
by them is the set-up or membership fee.
This fact is applicable to average free
service of e-Commerce merchant account.
Good services are also there however
they are less in number. However when
compared with commercial merchant
accounts these are better as the
membership fee is not required. Although
there are many demerits associated with
the free accounts the disadvantages are
also there which can be a drawback. This
may prevent a person from immediately
signing up a merchant account which is
free. The exact terms and regulations
associated with such accounts are to be
understood.
The initial payment which is needed for
a free account ids zero. Payment for
membership is also not applicable. This
ensures a free registration. After a
person is registered he can get a setup
guide and relevant information on
gateway setting.
But one cannot save the money which he
could have spent on registration as the
charges for other works regarding the
merchant accounts are higher. So the
free registration is compensated by the
higher rates which follow later. It can
be avoided. First one should understand
that the free term does not mean no
money is spent on such accounts. Next
thing that can be done is spend some
time on the internet by which the merits
and demerits associated with providers
of free merchant account can be known
and also the rates can be found out.
The fees of transaction have been up to
9% &11% in some cases.
The same fee associated with
non-commercial and commercial is less it
can be 3.5+$0.20 %. This means that in
terms of potential of money saving these
accounts are better on comparison with
free accounts.
If a person encounters a merchant
account which is free and offer exciting
rates the support will not be there.
Although this can be surprising it is
the truth.
One thing common with these two accounts
is that the gateway, shopping cart and
bank communication involved with these
two accounts are very complex. It is a
tough task to integrate and set-up
shopping cart although this may appear s
an easy one. Professional consultation
is a must in such cases as one may find
it difficult to understand the issues of
security associated with such accounts.
Some providers of free account offer
help in which doubts can be cleared and
information obtained through mail. Most
of them are not providing this facility
even. When an application is being made
for a merchant account care should be
taken to ensure that technical guidance
is available as many of them lack this.
The security offered by the merchant
account of one’s own will be more. It
will be better if it is made in such a
way that it is suited for a persons
existing website. Even if a problem
occurs it can be fixed by the firm
itself.
Contact
one of our helpful account
representatives to assist you in the
setup of
a
high risk merchant account or
offshore merchant account for a
high risk merchant. |