Few
tips to CHOOSE THE RIGHT OFFSHORE Internet
Merchant Account PROVIDER
A merchant account is needed for your
business when you want to accept credit
card payments from your customers. This
is one of the easiest and most efficient
methods to increase your customer base.
“Internet Merchant Account” is a type of
merchant account for your online
business. It can actually do wonders for
your internet business. If you have it,
the number of repeat purchases and
getting of new customers will be very
high. Once you have it you will be able
to get your payments extremely soon. The
Merchant Accounts allow you to take
payments from your customers in a
variety of ways such as debit and credit
cards. They will also make the
transactions much safer and efficient.
For the customers, the shopping
experience will be pleasant and
therefore, they will return to buy some
more. But, different providers have many
different policies and therefore, you
should do some research before opening a
merchant account. Beware, that all
merchant accounts may not help you to
increase profits. This article provides
you some basic questions that you should
ask the providers before you decide on
your choice of the service provider. The
questions are as follows:
-
The 1st question should be: Do you
need separate permissions or
authorizations for the various types
of transactions? It should be
followed by: What are the extra
charges that will be applied if you
need to accept payments both offline
and online?
-
Then you should find out if you can
accept payments through networks
other than MasterCard and Visa. This
will include debit/credit cards by
American Express and Discover.
-
Then you should know what the
discount rates are for each type of
transaction that you may do in your
business.
-
Find out which all fees they will be
charging for your “Internet Merchant
Account”. Some of the fees’ are
gateway access fee, per –
transaction fee, cancellation fee,
customer support fee, statement fee
and minimum monthly fee, among
others.
-
Then, find out if you have to
process all those charges by
yourself or it will be done
automatically.
-
One of the most important questions
to ask is what are the security
features of the merchant account
that you will be getting? This
should include a secure and safe
payment gateway.
-
And finally you should ask them
about the software provided with the
“Internet Merchant Account” and also
the services you have to buy in
order to accept payments from your
customers on the internet.
The answers to these 7 questions should
mostly help you make your choice of the
merchant provider or at least you would
have brought down the choices of the
providers to 2 or 3. These questions
will also make you aware of the policies
that are followed by different merchant
account providers. You should also visit
the websites and also read some
feedbacks. Also, talk to you friends or
colleagues about the account providers
they are doing business with.
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. |