An account at any financial institution that permits acceptance of credit cards and transfers the amount directly to the bank account of your choice is called a Merchant Account. Credit cards are accepted through PC processing software, credit card terminal, through telephone or Internet virtual terminal.
There are plenty of institutions that work with the software, Internet option or any terminal of your choice. Though this sounds easy there could be a few problems like processing companies that are below the standard, overcharges, frozen funds, middleman surcharges. The right choice of merchant services can eliminate these problems to a certain extent. Application gee will be charged for almost all Merchant accounts and in case there is no fee charged, probably the difference will be compensated with sale of equipment or software or charging for transactions.
The transaction process though a bit complicated, takes only a few seconds. For processing a credit card transaction through Internet, the customer chooses the products from a Merchants website and then checks out with the items. He then opts to pay through credit card. The browser connects to the hosts...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
