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Merchant Account Services ReviewA merchant account
enables your website to accept credit card orders in real time.
Customers enter credit card information on your website and once
payment is processed, funds are deposited in your account
automatically.
To get a merchant account your credit must be approved
and you have to pay a setup fee which is usually about $200, a
monthly fee of around $40, a per-transaction-fixed fee usually about
$.20, and per-transaction-percentage fees of around 2.5%.
Some advise that you must absolutely have a merchant
account to successfully operate an online business. They suggest
that any business without a merchant account is seriously lacking
credibility.
Well that argument may be the absolute truth for you
if you are a high volume trader and credibility is important to you
business. Otherwise a Third
party credit card processor may be cheaper and sufficient for
your needs. |
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