Credit card merchant account

Here’s your chance to learn details about different terms and phrases used in the merchant account industry. Our merchant account knowledge base is constantly growing each and every week. If there is a payment processing phrase that is commonly used that you would like to recommend here please contact us.
Please be aware this section of MerchantSeek is very new. We’re developing a list of payment processing phrases that we’ll be adding in as time goes on.

Merchant Account Services & Other Payment Solutions

Merchant services, accepting credit cards online and other payment processing solutions is vitally important to the success of your business. The fact is, your businesses success or failure can depend on whether or not you accept credit card orders. Searching for a good deal from a merchant account provider is a slow and tedious process. Now, we’re bringing the merchant accounts and ATM machine options to you! That’s right, no more time consuming searches on the search engines, because we’ve done the searching for you. We have both developed an online database providers who issue merchant accounts, and created extensive archives and resources (articles, news and more).  MerchantSeek was created to aid you in the process of locating a provider that is right for your businesses needs and budget.

A General Introduction

Credit card processing can be a confusing subject. Before you jump in with both feet lets give you an introduction; What merchant accounts are, what information is needed to obtain your merchant account and rates/fees involved.

What is a Merchant Account?

Merchant accounts are special accounts that are setup for a business to accept and process credit card orders. After processing a customers credit card the transaction goes through a series of complex stages. The money transferred through the merchant account is then deposited into the business’s checking account within 2 to 3 business days.

Requirements for Merchant Accounts

Getting important information together ahead of time will ensure that you breeze right through your merchant account application process. Here’s what you may or may not (depending on the provider) need in order to obtain your merchant account:

• Checking account (some providers set you up with one but most require that you have one already. If you’re a Sole Proprietor you may usually use your personal checking account, however if you’re an LLC or Corporation you may need a business checking account).
• A copy of a voided check (if you use your own checking account for funds to be deposited in).
• Articles of incorporation, business license or re-seller license. – only if applicable. (A ‘Certificate of Assumed Name’ from your county Register of Deeds office may be all that is required. These only cost around $8.) The purpose of this is to prove you are a legitimate business.
• Pictures of business office and location – usually only if you’re high risk – (this extra step can save you money in credit card processing costs). If you are not considered high risk when you apply this is typically not needed
• Have a web site (if you want real-time online processing). If you are not an online business you will not need a website
• Return policy information (even if it’s “no refunds” a provider will need to know this).
• Higher risk accounts may need to Provide trade references.
• Photocopy of recent tax returns may also be needed for higher risk accounts (may or may not be needed depending on monthly sales volume you expect through your merchant account).
• A photocopy of your drivers license may only be required if you’re a Sole Proprietor that doesn’t have a business license.

What transaction processing solution is right for your business?

What transaction processing solution is right for your business? Read through our solutions guide to find which solution your business is going to need and how each solution works. If you have questions about fees, what merchant accounts are, etc., go to our FAQ section. Check out our glossary of terms, also.

Refer to the table below to see which credit card processing solution is right for your business: NR = Not Recommended, POS = Point Of Sale, MOTO = Mail Order/Telephone Order
* In this case, it would be best to have both a swipe terminal and Real-Time solution since running retail (face-to-face) orders through the swipe terminal would incur less charges (lower discount rate and per transaction fee) then it would running the transaction through a Real-Time solution. In short, process your face-to-face orders through the swipe terminal and your MOTO and Internet orders through the Real-Time solution. You’ll need two merchant accounts for this, a retail merchant account and an MOTO/Internet merchant account. Check with a Merchant Account Provider for details as they may be able to cut you a deal.
Now that you know what solutions you can use for your business, take a look at the advantages, disadvantages and detailed explanations so you can effectively determine which solution you want to go with for your business.

Click the graphics below to view detailed information on each credit card processing solution:
Buyers’ Guide to Online Payment Acceptance
Are you new to accepting payment online? We’ve created a guide just for you. It will explain all the details about credit card processing and other payment acceptance solutions you should consider when setting up shop on the Internet. Get the facts before jumping in with both feet. Our easy-to-read guide covers these topics, in detail:

• Credit Card Acceptance – the basics, rates/fees involved, questions to ask providers, shopping cart software, chargebacks/fraud, SSL certificates and more.
• Debit/ATM Card Processing & eChecks
• Micropayments & Digital Cash
• Escrow Services

Are you ready to take the online payment acceptance journey?

GOOD NEWS

Are you tire to find a professional payment gateway for your great business ?
we are the professional online payment gateway ,we can accept visa,master ,JCB,AE credit card payment method ,all high risk  business types welcomed! 99.9 % approval rating!Never locked your merchant account!Low, competitive rates .

skype:goodluck3801
E-mail: paymentgateway@yahoo.cn
website site:http://www.ecpss.com/index_en.html     

Other Payment Solutions

Have you considered offering your customers other methods of paying for your goods and services? You should! If you’re an Internet merchant you will find that offering more ways to pay can actually increase your sales. People like a varity of ways to order, they like the ability to choose which payment method is most comfortable to them.

Debit Card/ATM Processing

Debit card/ATM processing is almost like accepting credit cards except for the fact that your customers are using their debit card to complete an order. Funds are deducted from the customers checking account for purchases.

IVR Terminals

Interactive Voice Response Terminals, also referred to simply as IVR, are a relatively new method of being able to process credit cards, check cards (debit cards with Visa or MasterCard logo on them), and checks (ACH – Automatic Check Handling) via any touch-tone telephone.

PayPal

Over 8 million registered users use PayPal as their means for payment of online products and services. PayPal makes a great addition to your array of payment acceptance methods.

e-Checks & Checks by Phone/Fax/E-mail

e-Checks or Checks by phone/fax/e-mail are a good additional payment solution to credit card acceptance which allows you to collect payment via check over the phone, by fax, and even off your order form on your web site.

Micropayments (e-Wallet)

Micropayments are used to process small transaction amounts (from a few cents to $10 USD) that would otherwise severely limit your amount of profit if processed the same as credit cards.

Digital Cash (e-Cash)

Digital Cash is basically an encrypted serial number (online e-currency) that simply represents money. The customer then can spend the money at different merchants that support the Digital Cash provider the customer signed up with. Digital Cash gives added security and peace of mind to customers as they are not actually using their credit card directly to make purchases.

Escrow Services

Interested in added security of high dollar purchases and auction transactions? Then Escrow services are for you. They ensure the seller gets paid and the buyer is happy with their purchase.

Check Guarantee/Check Verification

Check guarantee is a program in which you are guaranteed to be paid on your checks. There’s no need to worry about accepting checks or collection on returned checks. Usually, the cost for this solution is about the same as credit card acceptance, however, some may offer it for a lower price. Check with your Merchant Account Provider for further details.

Electronic Funds Transfer (EFT)

EFT is a method for transferring money automatically by using the facilities of the Automated Clearing House, an entity associated with the Federal Reserve Banks. EFT is the only system by which a merchant can initiate a transaction to collect money from the bank account of a customer located anywhere in the USA. In addition, it can be used to transfer money outwardly to pay bills.

Automated Clearing House (ACH) & ACH Services

It is most often used to process low-dollar repetitive retail payments. Financial Institutions that are members of the FED ACH System send batches of credits and/or debits into the system, and the system sorts the items from all batches submitted, and routes them to the appropriate receiving financial institution. The system is used primarily for pre-authorized recurring payments such as payroll, corporate payments to vendors, Social Security payments, insurance premium payments and utility payments. Section also covers ACH Services like Electronic Check Conversion (ECC), Accounts Receivable Truncated Checks (ARTC/Lockbox), and Returned Check Collections (RCK).

Electronic Benefits Transfer (EBT)

Grocery shopping is one of the most widely performed activities around the world. If you are food merchant, you probably know that not everyone pays for their food with cash or credit cards, but many use food stamps as well. Now that paper is becoming a less and less common form of the food stamp. Many purchases are made with the use of a single card called Electronic Benefits Transfer card.

 GOOD NEWS

Are you tire to find a professional payment gateway for your great business ?
we are the professional online payment gateway ,we can accept visa,master ,JCB,AE credit card payment method ,all high risk  business types welcomed! 99.9 % approval rating!Never locked your merchant account!Low, competitive rates .

skype:goodluck3801
E-mail: paymentgateway@yahoo.cn
website site:http://www.ecpss.com/index_en.html    

New Payment Solutions

What will this 21st century bring to the world of payment acceptance? Use this page to keep up to date on the latest trends and happenings in new and updated ways to accept payment from customers. As the Internet grows, more automatic and less effort driven solutions will be developed to aid shoppers.

Smart Card Processing

Credit cards with a “brain”
Smart cards and credit cards are basically the same except for the fact smart cards contain a smart chip inside them that secures personal information about the cardholder making for easier and more secure purchases both in the retail and Internet industries.

IVR Terminals

Reduce chargebacks and fraudulent orders using any touch-tone phone
IVR Terminals, also referred to as Interactive Voice Response Terminals are a relatively new method of being able to process credit cards, check cards (debit cards with Visa or MasterCard logo on them), and checks (ACH – Automatic Check Handling) via any touch-tone or wireless cell phone. IVR Terminals help to greatly reduce chargebacks and fraudulent orders.

GOOD NEWS

Are you tire to find a professional payment gateway for your great business ?
we are the professional online payment gateway ,we can accept visa,master ,JCB,AE credit card payment method ,all high risk  business types welcomed! 99.9 % approval rating!Never locked your merchant account!Low, competitive rates .

skype:goodluck3801
E-mail: paymentgateway@yahoo.cn
website site:http://www.ecpss.com/index_en.html     

Online Merchant Services review

It's All Here

  Online payment processing is vital to the success of today's businesses. While a variety of solutions exist, few are comprehensive enough to include complimentary advanced fraud protection, actionable member management tools, flexible and customizable forms, affiliate marketing services, configurable billing options, and 24/7 support for your consumers. ECPSS's does.

Credit Card Payment Processing

            More Options, More Tools, More Revenue, No Hidden Fees

       Quite simply, ECPSS payment processing grants you the level of control you want for your business, while leveraging a reliable and secure infrastructure for processing transactions without nickel and diming you with extra fees and charges.

You can provide payment types that are familiar and convenient for your users, no matter where they are located. Whether your consumers are usingcredit cards, electronic checks, bank debit, telephone billing, or are in Europe, Canada, or the United States, they can buy your product or service.

        Intelligent forms that automatically geo-target IP addresses enable you to tailor consumers' purchasing experiences to reflect their native language and local currency. Regional pricing options let you set different prices based on economic variances. You can even dictate the order in which your consumers are presented various payment options (and when) with the integrated cascade management system. Essentially, any tool or method that helps drive and capture more revenue streams is included … and included at no additional cost.

         Merchant credit card processing services are a critical aspect to running an online business. With ECPSS, you can rest assured your payment processing solution supports a wide variety of business models and billing options, and gives you the tools, data and intelligence to maximize your revenues.

Excellent merchant account solutions recommendation

   E-commerce Payment Service Solution,(ECPSSS) We are professional High risk products of the credit card processor leader , we have established strategic partnerships with VISA, MASTERCARD, JCB, AE. we have members in 190 + countries, supports 21 currencies and offers localized banking in 46 countries. We are always working on making our services available to more people all over the world.

·      All business types welcomed!

·      Swift and Easy application process!

·      99.9 % approval rating!

·      Onshore and offshore check processing available!

·      World class customer service!

·      We offer you the world class customer service ,so that your customer has unforgettable shopping experience degrees.

·      We have the world class wind control system, we can largely reduce your chargeback.

·      Approval in as little as 24 hours

·      24/7, customer service

·      Best-in-class support

·      No hidden fees

·      Low, competitive rates

·      Secure Technologies

·      No charge for Declines

·      Free Anti-Fraud reporting

       our company has been certified by trustwave ,

           ECPSS is a resposibility and good reputation company ,if we can coopertate each other on a long term ,you don't worry about your merchant account locked for the high risk ,we have the advanced risk management to make your business lower risk and reduce chargeback largely .