CREDIT CARD MERCHANT PROCESSING
Welcome to CREDIT CARD MERCHANT PROCESSING!
We can set you up a merchant account no matter what your business. We have a 99.6% approval rate. We will have your merchant account approved today. You can start accepting credit cards tomorrow.
Just fill out the Merchant Account Application below
CLICK HERE
TO FILL OUT A MERCHANT ACCOUNT APPLICATION
If you have a business then you need a merchant account. What does a merchant account do? A merchant account allows you to accept credit cards. After you process your customers credit card through your merchant account, they are then deposited in your business checking account. Some businesses are impossible to run without accepting credit cards, such as internet and mail order businesses. If you have a brick and mortar store then normally you will see up to a 30% increase in business if you accept credit cards. Not to mention that credit cards are guaranteed money unlike accepting checks which may bounce. The sooner you get set up to accept credit cards the sooner your profits will increase.
Merchant Accounts
Merchant Account F.A.Q. (frequently asked questions)
This section is
intended to be guide for merchant accounts in general and not just our services. If there is a question we don't answer here, please feel free to contact
us so we can gladly answer it for you.
Q. What is a merchant account, and why do I need one?
A. A merchant account
is set up with a financial institution (bank) to allow you to accept credit cards as a form of payment. Unlike with most third-party
services (like Paypal), when you process a credit card through your merchant account it is deposited directly
into your checking account within 2 to 3 business days. You will need a merchant account
if you want to take credit card payments from your clients using your own business
name, and having the money deposited directly into your business checking account. This gives your business a much more professional look and feel over using a third-party processor like Paypal.
Q. Do you offer merchant accounts to businesses outside the United States?
A. Yes! We are able to offer you a merchant account even if your business is not located in the US.
Q. Can I accept credit cards online?A. You have two
options for processing credit cards online. One is called "real-time" processing, where
your customers are actually connected to a server and their credit cards are charged
immediately when they place their order. The other is off-line processing,
where the credit card info for each sales is saved securely online and you must
retrieve it and process the sale manually. If you are having trouble deciding
which product to use, we will be happy to help. Simply fill out our merchant account application form online and we will start processing it right away! Don't be afraid of either method. It is not as complicated as it sounds. We will set it up for your or walk you through it every step of the way.
Q. Do I Need a Shopping Cart for Online Sales?
A. Most online merchants do use shopping cart software to make the sales process easier for customers. You can choose from many different shopping cart programs.
Q. I don't have a website. What if I want to process sales offline?
A. You can use a credit card terminal to "swipe" credit card sales as they happen (card present sales) or to process sales manually if you do mostly mail order and/or phone order sales.
Q. How long does it take to get set up?
A. From the time
we receive your application, it generally takes 1 - 3 days to receive your approval.
If you are ordering a terminal, it is shipped out upon approval, and will generally
reach you within 3 business days. You should be able to begin processing credit cards as soon as we send you your credit card terminal.
Q. What if I don't get approved?
A. We have a 99.6% approval rate, so it's very unlikely that you wouldn't get approved. We have several processors that handle high risk merchant accounts so that is not a problem.
Q. How long does it take to get a deposit after processing a credit card?
A. Funds go
directly into your checking account. This means that you will see them in 48 hours to 4 days depending on what time you run them and what day of the week.
Q. Why are there different rates for different accounts?
Various rates on merchant account reflect varying amounts of risk. Obviously if you have a high risk merchant account you are going to have higher rates than a low risk merchant account.
Q. What is a Chargeback?
A. A chargeback occurs when a customer disputes a charge on their statement by contacting the credit card company instead of contacting you. If a customer does not recognize the charge on their statement, or if they believe the amount was wrong, they may call their credit card company and ask them to investigate. Thus begins the chargeback. The merchant bank will charge you a fee for the retrieval of information, and if it is determined that the customer is right, there will be another fee for the chargeback itself. The customer will be refunded their money directly through the credit card company and your checking account will be debited. Eventually, if your account has excessive chargebacks, the bank may choose to cancel your account. The more you do to protect yourself against chargebacks, the better off you'll be. In order to protect yourself from chargebacks we highly recommend that you take several security precautions live requiring the correct CVV (3 digit code on the back of the credit card), the correct zip code and address (if it is a mail order or internet sale). Also make sure that it is easy for your customer to contact you. Most chargebacks are just a result of lack of communication.
Q. What is the the monthly minimum and why is there on?
A. The monthly
minimum for your merchant account is derived from your processing fees.
The minimum of $25 should be collected in MC & Visa fees. The actual
amount of processing to achieve that minimum will depend upon your discount rate.
For example, if you have a discount rate of 2% and you process a transaction for
$100, then $2.00 in processing fees will be taken from that transaction and applied
towards your monthly minimum of $25. If, at the end of the month, you have
not processed enough transactions to cover the minimum fee, you will be charged
the difference. This is necessary to make it worthwhile for the bank to process your credit cards.
Q. What is the difference between qualified, mid-qual, and non-qual transactions?
A. Qualified discount rate is applied for all transactions meeting the "normal" operating guidelines as outlined below:
* All Merchants
Close batches daily
* Retail (Terminal) Merchants
Magnetically swiped & electronically authorized charges
* Internet / MOTO Merchants
Electronically authorize charges using AVS and including order numbers for Visa
and MasterCard transactions
Mid-Qualified discount rate is applied for all transactions meeting the operating guidelines as outlined below:
* Retail (Terminal)
Merchants
Manually keyed orders using AVS & order number on Visa and MasterCard transactions.
* Internet / MOTO Merchants
There is no
mid-qual rate for Internet / MOTO merchants.
Non-Qualified discount rate is applied for all transactions meeting the operating guidelines as outlined below:
* All Merchants
- Not Closing batches daily
- Not using AVS & providing order numbers on manually
keyed or Internet transactions for Visa Cards
- High Risk Merchants (Visa Transactions Only)
- Following Card Types:
: Business and Corporate cards
: MasterCard/Visa Business cards
: Procurement cards (Government)
: Visa Signature cards
: MasterCard World cards
Q. What is the AVS fee?
A. The AVS fee
is charged by the processor to allow you to use the Address Verification System
on your Internet and MOTO charges to protect against fraudulent orders.
The fee for your account is $0.10 per transaction. This is in addition to
your regular merchant account fees. This does not apply to sales "swiped"
through a terminal, but it does if transactions are "keyed" or typed
into a terminal. This is highly recommend to keep chargebacks to a minumum.
Q. How do I get set up for Discover Card and American Express?
A. When you sign up for your merchant account, you are signing up to accept MasterCard and Visa transactions only unless you note on the application that you want Discover Card and AMEX as well. We will gladly do an application for them to if you would like us to.
Do you want more information on a Credit card merchant processing? CLICK HERE
CREDIT CARD MERCHANT PROCESSING
ONLINE MERCHANT ACCOUNT APPLICATION
Do you have any questions or comments about credit card merchant processing? We have a forum. Feel free to discuss it and allow us to answer any questions that you may have. ENTER CREDIT CARD MERCHANT PROCESSING FORUM
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Credit Card Merchant Processing
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