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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 Credit Card Payment 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 Credit Card Payment can directly access the card and ensure that it is a legitimate customer, thereby the risk involved is minimal. The second type of Credit Card Payment 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 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 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.

There are two types of merchant accounts. First is the normal account, where the merchant can directly access the card and ensure that it is a legitimate customer, thereby the risk involved is minimal. The second type of merchant account 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.

As the saying goes, you cannot achieve anything in life without taking risks; companies are on the look-out for novel grounds that ensures a healthy business. These ventures might be a little unconventional, but what counts in the end is the turnover the company produces. So, banks or financial institutions should study them carefully and try to help them carry out the payment process, rather than classifying them as high risk and denying applications. The high risk merchant account acquiring banks are in fact eye-openers in this regard.

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Credit Card Payment : 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 Credit Card Payment 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 Credit Card Payment can directly access the card and ensure that it is a legitimate customer, thereby the risk involved is minimal. The second type of Credit Card Payment 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 accounts for adult sites are only provided by those people who are willing to accommodate risky and controversial businesses. Normally most merchant-account providers refrain from associating with such risky trade. Even if they do, the rates offered are much higher compared to normal merchant accounts. Such is the case with credit card processing for adult sites as well. There are cases where they charge up to 20% more.

The payments to a merchant-account for adults can come mainly in two ways that is the monthly membership fee which is charged for continued service as well as one-off fees. These payments have to be credited to an account maintained solely for this purpose.

These offshore concerns make arrangements for receiving periodic payments as well as one-off cash receipts. Few hurdles are faced with such an arrangement as these service providers are prompt and orderly in their payments. They are equipped with state of the art software for detecting fraud and duplication.

The Adult sites business can be a money spinner therefore there is no real dearth of risk takers willing to provide merchant accounts for adult site business. Some adult sites rake in several millions year and thus will have numerous takers.

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Credit Card Payment : 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 Credit Card Payment 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 Credit Card Payment can directly access the card and ensure that it is a legitimate customer, thereby the risk involved is minimal. The second type of Credit Card Payment 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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Replica means the exact duplicate of the original using the same materials and manufacturing techniques to produce the original product. E-commerce merchants in the replica industry that sell merchandise such as handbags, wallets, watches, shoes are often categorized as high risk merchants.Although the replica business presents lower risk than pharmacy, gaming and the adult industries, replica merchant accounts are classified as high risk due to the possibility of fraud or high charge back rates. Merchant Acquiring Banks are often reluctant to set up replica merchant accounts but fortunately there are reputable payment solutions readily available.

An offshore merchant account serves as the ideal merchant solution for a replica merchant. This type of merchant account can facilitate high credit card processing volumes unlike the constraints of a domestic merchant account. Choosing to process through an offshore processing bank will afford no restrictions on monthly or yearly volume limits while providing very liberal processing requirements. Several of the largest and most respected businesses in the world utilize offshore processors to accept their credit card transactions.

A reputable offshore merchant account will usually feature:

Personalized merchant IDs

No pre-set volume limits

Sophisticated payment gateways

A virtual online for manual entries

24/7 real-time reporting

Daily/weekly payouts

An offshore corporation may also own the offshore merchant account to benefit from optimal asset protection and tax incentives A replica merchant should always consider an offshore merchant account that extends state-of-the-art fraud technology. A well designed system will have the ability to identify subtle patterns in buying habits and characteristics of online fraud perpetrators. It is mandatory to integrate a robust and comprehensive fraud system to maximize business profits while minimizing risk. Replica Merchants should also consider offering multi-currency payment processing options, SSL encrypted servers and 3D Secure to increase global presence and maximize sales.

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TheGrandFoundation.com Specializes in Reviewing Merchant Accounts

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Credit Card Payment : 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 Credit Card Payment 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 Credit Card Payment can directly access the card and ensure that it is a legitimate customer, thereby the risk involved is minimal. The second type of Credit Card Payment 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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The primary costs to a merchant of merchant accounts are discount rate and transactions fees. The merchant account provider has a lot of latitude in the pricing structure.

Three tier pricing is one of the most common pricing schemes. Using 3 tiers pricing, the merchant account provider groups the transactions into 3 groups (tiers) and assigns a rate to each tier. The three tiers are qualified, mid-qualified and non-qualified rates.

1. A qualified rate is the lowest tier. It is what a merchant is charged when processing a consumer credit card in a way that has been defined as standard by the merchant account provider. The qualified rates is what is usually quoted by merchant account salespeople. A mid-qualified rate is what the merchant is charged if processing a transaction outside of standard parameters. A mid-qualified rate may apply to rewards or corporate cards, which can comprise up to 40% of the cards used for purchases. The merchant, of course, has no control over what card a consumer uses.

3. A non-qualified rate is the highest percentage rate a merchant will be charged whenever they accept a credit card. A common reason for non-qualified transaction is not providing all pertinent information on a transaction. Non-qualified transaction fees may also be assessed if a merchant doesn't settle batches within a specified amount of time.

Non-qualified rates can cost merchant 150-300 basis points more for the transaction. Another excellent profit stream for merchant account providers. And one that is frequently hidden from the merchant

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Credit Card Payment : 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 Credit Card Payment 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 Credit Card Payment can directly access the card and ensure that it is a legitimate customer, thereby the risk involved is minimal. The second type of Credit Card Payment 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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Small businesses require one to have payment processing modes. Merchant services can tremendously change your sales revenue and profit for you business that is why one has to know which is the best merchant service for his business.

a). Merchant services.

This is a special account for credit card processes that enable one to process credit card payment from customers

b). Where to get merchant services.

Financial institution and merchant service provider offer these services. These are specialized companies or independent sales organizations that provides payment processing.

c). Company best for small business owner.

This depends on the kind of business you are operating.

Home-based business is small and less established hence financial institutions like banks don't accept them. Therefore such businesses can transact via merchant service provider and independent sales organization whish are more flexible.

5. Merchant service account.

This account provides access to central processing unit to enable authorization, capture and settle credit card transactions.

f). Other ways to accept credit card payments.

There is other means one can use to collect credit card payment on the web which include the following.

1) Outsourcing

One can outsource merchant services to a third party. There fore the party collect the customers data and does all the work to process payments.

2) Deferred payment processing

This is where the customer inputs all the data and you receive them manually. This method enables one to inspect all orders and correct them however the method is time consuming especially when one is dealing with many orders per day. Having the best merchant service can be overwhelming thus one need to consider what the business can afford and what the customer prefer.

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