"Merchant Account" Articles

Payment Service Provider If you’re in business, then the word “payment” is most likely a very important term for you... And you know what? It should be. You've probably also heard of the term “payment service provider”... Receiving and making payments is one of the key tasks which should be done efficiently, most especially if you want to stay in business. If you don’t have a payment system which works and can actually accommodate the needs of your clients and customers—chances are … [Read more...]

Payment Processors If you think about it, payment processors are actually like the new “lifesavers” of the business world. Why? Well, because they help ensure your business (whether it may be a convenience store, hotel, gas station or any other business type) is able to stay afloat, most especially with how “complicatedly complicated” the business landscape has become today. Unlike before where business risks were basically limited to robbery and theft (physical risks), nowadays, such … [Read more...]

Merchants Credit Have you ever thought of merchants' credit? If not, then it might be time you did… Merchants' credit can actually help you build relationships with your beloved customers and clients. It can help establish that position of trust. It can help improve your brand. And we all know how important these are, right? So, what other details do you need to know about merchants' credit? Let's face it: That little plastic credit card people like to carry in their purses and wallets have … [Read more...]

There is very little doubt that unless your business is equipped for payment processing, you cannot succeed in accomplishing your business goals. You must be able to process your customers’ payments when they wish to buy your products or enlist your services. The ultimate goal for every business is to make money, right? Why else would anyone go into business? Of course there are plenty of good things besides just making money which can also be accomplished simultaneously, but ultimately, … [Read more...]

Merchant Account Providers Your business won’t make it very far without the ability to accept credit card/debit card payments. And the only way you can do that is through a merchant account provider, which gives you the ability to conduct card transactions. A merchant account is an account specifically meant for the purpose of processing credit card payments. Basically, once you set up a merchant account, either through your bank or with an ISO/MSP, it allows you to accept credit card … [Read more...]

Merchant Account Services There is a definite level of support necessary for a business to function well. Great merchant account services provide this support. Without great support and business services, running a business would be even more difficult than it already is... There is a new business created every minute of every day in the U.S. (fact). Unfortunately, half of them fail within the first year. 95% of them fail within five years (also sadly a fact). The number one reason for these sad … [Read more...]

Merchant Accounts Merchant accounts are bank accounts that allow businesses (merchants), whether online or offline, to accept money from credit, debit, and other types of cards. The bank settles the card transactions that the business accepts. The benefits of having a merchant account are endless! Your customers deserve the best, right? Of course they do. And of course you want to provide it for them. Business is hard these days. Harder now more than ever considering how many new … [Read more...]

Merchant Service Provider A merchant service provider is the institution which allows your business, whether online or offline, to other forms of payment than cash. These forms include credit cards, debit cards, gift cards, checks, and touchless payments such as Apple Pay and Google Wallet. When it comes to deciding on such a provider, you should be aware (if you aren’t already) there are some who say one thing and do another. There are a lot of scammers out there in the world of … [Read more...]

Merchant Services Every business needs the proper tools to succeed in an increasingly difficult world of business, which is why reliable merchant services are so important to have. Businesses these days need all the help they can get. With new businesses being created literally every minute of every day in the U.S., it isn’t hard to see why. The customer pool is shrinking as more and more people begin opening their own businesses and become competitors for the same groups of … [Read more...]

Best Merchant Services Every business owner wants and expects the best merchant services. But which ones actually are? How do you find the best? With so many different providers out there, it can be difficult to decipher which ones are best for you. This article will tell you what to look for. As a seller of goods and services in the modern world of business, you need to have a merchant account and the best in services and support. Merchant accounts are vital for processing credit and … [Read more...]

Internet Merchant Account If you conduct any of your business on the Internet, you need an Internet merchant account. It’s a crazy world these days... Remember a time when “Internet” wasn’t a household word? Before dial-up, cable, and DSL. Before fiber optics. I never thought or could even conceive of a day when people could conduct their everyday business while riding the bus or sitting at a coffee shop on their laptops or mobile devices. So much of our lives has become seamlessly … [Read more...]

Merchant Solutions If you own a business and have a merchant account set up through your financial institution, you are receiving merchant solutions. Not necessarily directly from your bank, although some may be provided by them. And it’s not just one thing you’re getting… you’re getting multiple solutions. This includes a multitude of different hardware, software, and online support provided by your credit processor. If you take credit card payments, if you have those little card swiper … [Read more...]

What is a Merchant Account? A common question we hear is, “What is a merchant account?” A merchant account is a bank account for businesses which allows them to accept credit and debit card payments. The business accepts the cards and the bank handles and “settles” the transactions. You are the “Leader” of your business, yes? You want to take the reigns of control to make sure you aren’t on the negative end of new business survival statistics. The benefits of having a merchant account are … [Read more...]

Merchant Service Without the resources and solutions of a reliable merchant service, new businesses would be failing at an even more alarming rate than they already are. Considering 95% of most new businesses fail within the first 5 years (half of them not even making it more than 1 year) it is crucial small businesses have reliable business solutions. One of the most important services businesses need access to these days is the ability to accept credit card payments, second only, … [Read more...]

High Risk Merchant Accounts High-risk merchant accounts allow “riskier” businesses to process credit cards. The “high risk” of these types of businesses (discussed below) are: the payments or funds may not go through, they have a higher history of fraud, they receive numerous chargebacks, they sell services which are not tangible and cannot be measured. The financial institution who provides the payment processing is then responsible for those funds. More about what makes a … [Read more...]