Accepting Credit Cards On Your Web Site
Credit card payments are the way to go when it comes to making purchases
online nowadays. Equipping your business to accept credit cards on your
web site is a great way to provide quality service for your customers.
residual income by starting your own successful credit
card processing business.
You must do your homework first before you begin to accept credit cards on
your web site. You have to make sure that you have all the information you
need to make an educated decision on the type of credit card service
provider you require.
There are several ways to accept credit cards on
your web site. You can do so by employing a third-party payment processor.
What this means is that this third-party will help you manage your
transactions through a payment engine operated on their site. The drawback
to this method is that you will have very limited control over the
transactions with your customers. Another method you can use to accept
credit cards on your web site is by setting up a merchant account. This
account is usually managed by an account provider and is linked directly to
your business bank account. Here, you will be able to ensure transaction
security and also maintain some form of control over the transactions that
occur on your web site.
Do remember that although merchant accounts give
you greater security and control, these benefits come with the added
commitment of monthly fees. Most merchant account providers will charge some
form of monthly fees if they do not also charge a set up fee for your
account. The amount of fees you pay will depend on the account provider you
choose, the volume of your transactions, the types of credit cards you would
like to accept. An alternative to opening a merchant account to help accept
credit cards on your web site, is by accepting them offline - this means
over the phone or in person - or choosing to deal with third-party
Unlike merchant account providers, third-party
processors don't normally charge any monthly fees. Instead they are likely
to charge a fixed transaction fee as well as take a percentage off each
transaction you make. As we had already mentioned the lack of control you
will have over your transactions, engaging a third-party to accept credit
cards on your web site means that your customers will have to exit your web
site to make their payments, and you may even have to wait for at least a
month before you receive your payments, unlike a merchant account where
payments are generally received promptly.
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- accept credit card on your web site