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COMPARING FREE AND ONLINE NUTRACEUTICAL MERCHANT ACCOUNTS

The basic thing that needs to be clarified is that free merchant accounts are not absolutely free and the word free means that there are nil membership fees. Some account providers do not ask you to pay the monthly fee too. So, it is advisable to collect more details about the charges that go with free merchant accounts before jumping to conclusions. It is a good idea to know the drawbacks associated with these accounts to avoid being surprised by drawbacks that may outweigh their advantages. You should not end up in a situation when there are other sacrifices that need to be made for the waiver of membership fee.

Today, merchants do choose free merchant accounts instead of the regular accounts since this works out much cheaper and accepting credit cards becomes very easy because of it. This is in addition to the fact that regular merchant accounts can be afforded only by merchants who run large scale businesses. What the free merchant account can do for you is saving costs associated with setting up the account, cost of server and software needed for processing and the customer service costs in addition to gateway fee. Credit history is not important too.

The difference between regular and free merchant accounts is the extra money paid to card processors for the transactions. The transaction fee can even be nine to eleven percent. You need to read the information that is found in various websites to get a clear understanding. The transaction fee is much lesser and is about $ 0.30 and does not differ with the sale amount. This results in long term saving of money.

So, it means while free merchant accounts cost less while setting up, the running costs are high compared to the regular account. Some free accounts do not have customer support. Some have the facility of answering queries by mail. The common feature in these accounts is the bank communication, shopping cart and the gateway.

Internet merchant accounts are accounts held with banks but the facility is lacking in many local banks. Free merchant accounts are suitable for new businesses and later after the businesses establish themselves, they can choose to upgrade to regular merchant accounts. Anyway, you must know that some account providers may charge you unreasonably after you have set up the account. If you plan to switch between account providers, it is possible to do so since you do not have to pay roll over costs in most cases.

The plug & play shopping cart facility of free merchant account is not difficult to use since all you need to do is add the check out and buy links to the site. There is no need to add the shopping cart with the server. The shopping cart normally fits with the service provider and the web page of the merchant well. But when it fails, technical support is available. Choosing the right free merchant account provider is the key. 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.