Online Merchant Accounts
February 19, 2010 by Bendigo Web Hosting
Filed under Merchant Accounts
Payment processing online allows your customers the convenience of being able to shop from the comfort of their own home. Setting up your online store however, can be quite an involved task.
In order to accept credit card payments, you will need a merchant account. Merchant Accounts are bank accounts that are designed specifically to accept payments from credit cards. You can obtain merchant accounts from either a bank or a third party provider.
Going to your bank for a merchant account has the advantage of strengthening your business relationship with them. Unfortunately, banks charge higher fees than third party merchant account providers – making them the clear choice for most businesses. If your business is considered to be in a high risk industry (such as pharmacy, adult or MLM) banks will almost never provide you with a merchant account. As such, a third party provider is often the preferred choice for most online businesses.
The Advantages of a Third Party Merchant Account Provider
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