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Merchant Credit Card Processing : Best Reviews of 2018

Merchant account is a contract between a business and a bank or a financial institution. This contract ensures that the bank accepts payments for the products or services on behalf of the business. These Merchant Credit Card Processing acquiring banks ensures that a merchant or company can accept payment from international customers for the products or services they deliver. Thus merchant accounts form a vital part of any E-commerce business.

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There are two types of merchant accounts. First is the normal account, where the Merchant Credit Card Processing can directly access the card and ensure that it is a legitimate customer, thereby the risk involved is minimal. The second type of Merchant Credit Card Processing involves the accounts where it is not possible to visually testify the customer. These types of accounts include adult entertainment merchants, online tobacco merchants, replica merchants, online gambling merchants, pre-paid calling merchants, VOIP merchants, multilevel marketing merchants, or any transaction that takes place with the customer physically not present. Thereby, the possibility of fraud activity is much greater with this type of business which results in classifying these types of accounts as “high risk” ones. Naturally, these high risk merchant accounts present the risk of the dreaded charge backs for the banks in question. It has been proved by various researches that these high risk processing transactions are more susceptible to fraudulent transactions.

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Merchant Credit Card Processing : Things to Note and Avoid

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In today's high risk e-commerce industries, there are several credit card payment solutions available for dating, foreign exchange, gaming, replica, travel and web hosting merchants. Merchants should always consider partnering with a payment service provider (PSP) known for credible payouts, customer service and that can provide a technically sophisticated gateway. All these factors assist a merchant to process without interruptions, minimize fraud and more importantly, increase their revenue.   

Merchants should work with a payment service provider who not only presents the gateway solution that facilitates credit card payments but a live merchant account. The merchant should know in which bank the merchant account is held and be given access to it.  This ensures reliable and secure settlements.  This also enables the (PSP) and merchant to forge a relationship based on trust.  A reputable payment service provider will be accommodating in extending full disclosure to their merchant(s).

Dating merchants can benefit tremendously if their payment service provider provides rebilling while gaming merchants should always consider a payment service provider who offers affiliate management. Both these services are instrumental in increasing revenues.    A merchant should always strive for long term processing and incorporate ant-fraud mechanisms to ensure their volume grows. 

A merchant can be successful in partnering with a credible (PSP) and Acquiring bank to ensure all their needs are met.    

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TheGrandFoundation.com Specializes in Reviewing Merchant Accounts

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Merchant Credit Card Processing : Best Reviews of 2018

Merchant account is a contract between a business and a bank or a financial institution. This contract ensures that the bank accepts payments for the products or services on behalf of the business. These Merchant Credit Card Processing acquiring banks ensures that a merchant or company can accept payment from international customers for the products or services they deliver. Thus merchant accounts form a vital part of any E-commerce business.

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There are two types of merchant accounts. First is the normal account, where the Merchant Credit Card Processing can directly access the card and ensure that it is a legitimate customer, thereby the risk involved is minimal. The second type of Merchant Credit Card Processing involves the accounts where it is not possible to visually testify the customer. These types of accounts include adult entertainment merchants, online tobacco merchants, replica merchants, online gambling merchants, pre-paid calling merchants, VOIP merchants, multilevel marketing merchants, or any transaction that takes place with the customer physically not present. Thereby, the possibility of fraud activity is much greater with this type of business which results in classifying these types of accounts as “high risk” ones. Naturally, these high risk merchant accounts present the risk of the dreaded charge backs for the banks in question. It has been proved by various researches that these high risk processing transactions are more susceptible to fraudulent transactions.

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Merchant Credit Card Processing : Things to Note and Avoid

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So you want to start a website that will charge the visitors for membership through their credit cards? Such a site can not run unless you have a high risk merchant account. Here are some questions frequently asked by people who want to start accepting credit payments online.

Q. What are high risk merchant accounts?

A. High risk merchant account is a type of merchant account that is more inclined to encounter fraud. This is due to the fact that people who have such accounts run businesses that do not have any physical representation under the jurisdiction of the law.

Most of the time, people who have high risk merchant accounts run their business online. And with the number of computer hackers lurking around the net, they are not safe from people who could get into their websites without having to pay. Due to this, account providers who accept such clients will charge you with high rates that could hinder the growth of your business. Examples of these accounts are adult websites, online casinos, and pharmaceutical merchants.

Q. How do I get paid?

A. Each transaction will first go through the providers. Here, they settle the payments you have received with the credit card companies they are associated with. The time it takes for you to receive your funds varies among providers, but generally this process takes around three days to a week.

Q. How long does it take for me to get an account?

A. Depending on the information you give to your providers, the result of your application may come in as fast as one day or in a month. If you do not wish to wait a long time to get your account, then be sure to provide complete and sufficient information in your application.

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TheGrandFoundation.com Specializes in Reviewing Merchant Accounts

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Merchant Credit Card Processing : Best Reviews of 2018

Merchant account is a contract between a business and a bank or a financial institution. This contract ensures that the bank accepts payments for the products or services on behalf of the business. These Merchant Credit Card Processing acquiring banks ensures that a merchant or company can accept payment from international customers for the products or services they deliver. Thus merchant accounts form a vital part of any E-commerce business.

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There are two types of merchant accounts. First is the normal account, where the Merchant Credit Card Processing can directly access the card and ensure that it is a legitimate customer, thereby the risk involved is minimal. The second type of Merchant Credit Card Processing involves the accounts where it is not possible to visually testify the customer. These types of accounts include adult entertainment merchants, online tobacco merchants, replica merchants, online gambling merchants, pre-paid calling merchants, VOIP merchants, multilevel marketing merchants, or any transaction that takes place with the customer physically not present. Thereby, the possibility of fraud activity is much greater with this type of business which results in classifying these types of accounts as “high risk” ones. Naturally, these high risk merchant accounts present the risk of the dreaded charge backs for the banks in question. It has been proved by various researches that these high risk processing transactions are more susceptible to fraudulent transactions.

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Merchant Credit Card Processing : Things to Note and Avoid

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Selling digital products like ebooks are all the rage these days due to the duel factors that consumers are snapping them up like wildfire and that you as the merchant are able to make almost 100% profit on the deal.

Whereas a $20 product such as a physical book sold in a store may only make the author a dollar or even less in profit, selling the same product online in a digital format will give you $18 or more of profit. It's pretty simple math why so many people are choosing to market their ebooks online, isn't it?!

The question of course from aspiring eBook authors is how to accept credit cards on their website so they can process orders smoothly and then allow their customers to effortlessly download the book they have just purchased.

In this article then we're going to look at 3 popular merchant account providers used by eBook sellers so we can compare the various options and so, I hope, enable you to make an informed decision about the best provider for you.

Paypal and Clickbank are both third party processors which means essentially that you're using someone else's merchant account. The result of this is that you hve less control over your business. As an example, stories are rife on the Internet about Paypal "locking" people's accounts for no obvious reason meaning that they are then unable to access the funds that are legitimately theirs. To me, if someone prevented me from accessing hundreds, even thousands of dollars that are rightfully mine, I'd be pretty angry.

As well as giving your business more control, your own proper merchant account may well work out more cost effective over the long term. They may charge a small monthly fee, but the per-transaction fees can be so much cheaper that you can actually make a considerable saving in lot of cases.

In the end, the decision really is yours. Clickbank for simplicity, Paypal for speed of payment or your own merchant account for flexibility and cost effectiveness.

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TheGrandFoundation.com Specializes in Reviewing Merchant Accounts

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Merchant Credit Card Processing Providers Review

Merchant Credit Card Processing : Best Reviews of 2018

Merchant account is a contract between a business and a bank or a financial institution. This contract ensures that the bank accepts payments for the products or services on behalf of the business. These Merchant Credit Card Processing acquiring banks ensures that a merchant or company can accept payment from international customers for the products or services they deliver. Thus merchant accounts form a vital part of any E-commerce business.

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There are two types of merchant accounts. First is the normal account, where the Merchant Credit Card Processing can directly access the card and ensure that it is a legitimate customer, thereby the risk involved is minimal. The second type of Merchant Credit Card Processing involves the accounts where it is not possible to visually testify the customer. These types of accounts include adult entertainment merchants, online tobacco merchants, replica merchants, online gambling merchants, pre-paid calling merchants, VOIP merchants, multilevel marketing merchants, or any transaction that takes place with the customer physically not present. Thereby, the possibility of fraud activity is much greater with this type of business which results in classifying these types of accounts as “high risk” ones. Naturally, these high risk merchant accounts present the risk of the dreaded charge backs for the banks in question. It has been proved by various researches that these high risk processing transactions are more susceptible to fraudulent transactions.

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Merchant Credit Card Processing : Things to Note and Avoid

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A High Risk Merchant Account is typically required for certain business types, that are deemed "Undesirable" by the card associations. These businesses include a whole host of different business types, including the adult industry, travel industry, and many others that we will cover below. There are various reasons why these businesses are "Undesirable", but for the most part the "Risk Of Chargeback" seems to be the underlying factor, as majority of these High Risk Business Types have a history of getting a high percentage of chargebacks vs other business types.

Chargeback is when a customer gets a particular charge "Reversed", by complaining about the transaction with their credit card issuing bank. Several complaints can get any merchant account shut down, sometimes shut down forever.

In closing, accepting credit cards in certain business types can seem impossible at times, but if you partner with an industry specialist, your odds of success are greatly increased. Keep in mind that your success is not guaranteed, as certain factors, such as lack of credit, lack of financial strength, or previous terminations of merchant accounts, can stop you from getting approved.

Good Luck.

1st National Processing may be able to assist you in obtaining a High Risk Merchant Account for your business.

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TheGrandFoundation.com Specializes in Reviewing Merchant Accounts

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