ArticlesReader.com Menu
Newest Articles
Most Viewed Articles
ArticlesReader.com RSS
Submit Article
Login
Signup
Search the articles

Articles Main Categories
Advice
Animals
Automobiles
Business
Career
Communications
Computer Programming
Computers
Entertainment
Environment
Family
Fashion
Finance
Food
Health & Medical
Home & Garden
Humor
Internet Business
Internet Marketing
Legal
Leisure & Recreation
Marketing
Other
Politics
Reference & Education
Religion
Self Improvement
Sports
Technology & Science
Travel
Writing
Subscribe
Receive alert message from us when new articles submitted to our site for free.

Enter your name

Enter your email

Syndicate

















Related Products
Home::All

Ecommerce Hosting - How To Choose A Merchant Account

Author : Stanley Spencer
For a number of e-Businesses, discovering the best way to accept payments is a frustrating task. As the Internet is an instant medium, it is highly recommended that a ecommerce website must accept credit/debit cards and online checks as modes of payment. In order to accept credit card transactions, you require setting up a merchant account with a merchant bank. As soon as you set up a merchant account, an online processor can provide you with the software or gateway you need to transact.



Selecting a suitable merchant account is considered to be one of the most tough business decisions you make as their existence has almost doubled and are now into more than hundreds. At the time of choosing a merchant account, you should be aware of the cost involved in setting up the account. Refer to the list below and donÂ’t forget to ask about each of these items before agreeing to an account.



Application Fee

The application fee is compulsory so an agent or bank can "research" you as a potential customer. Few firms are more likely to repay this fee if your application is not accepted while others won't. It is always advisable not to pay an application fee that will not be refunded in case you are rejected.



Minimum Account Billing

This fee requires you to do a least amount of business with a merchant bank. A majority of banks require a monthly minimum of at least 25 dollars in transaction fees. Anything less than 35 dollars minimum is satisfactory.



Statement Fee

In case there is a considerable minimum-billing need, then there should be no statement fee. Still, a number of banks charge this to cover administrative costs. If you are assessed a statement fee, it shouldn't exceed 10 dollars per month.



Charge back Fee

In case a customer is not satisfied with their purchase, can't get a refund, or is just looking for something free, you may be faced with a charge back attempt. Under this, the bank will return customerÂ’s fund and debit your account for the full amount. Always make sure to ask about your bank's charge back policy. Most banks tend to be more loyal to cardholders than merchants so protect yourself by preventing charge back fees.



Transaction Fee

This fee, which is usually about 2-3 percent of the purchase, is assessed on every transaction. If a product costs US$100, the bank would receive US$2-3 for their services. While rates are relative to the nature of your business, anticipated volume and your credit history, you should never pay more than 3 percent.



Setup Fee

This covers administrative work necessary to establish your account. In case you're charged an installation or programming fee, there shouldn't be a setup fee. There is a considerable amount of work completed to create merchant accounts, so fees of US$50-500 should be expected.



At the time of approaching banks or an intermediary about a merchant account, always keep in mind the following tips:



1. Read the terms, conditions and anticipated charges carefully. Don't sign anything until your questions are answered to your satisfaction. Take time to understand exactly what you are getting and how much you are paying to get it.



2. Do you require a reserve account? It shouldn't be, but if you are a start-up Internet business, have poor to marginal credit, anticipate low volumes or run a "risk" business, it may be required.



3. How long before funds are available to you? Ideally it should not take more than 72 hours from the time an order or transaction is processed.



Given below are some of the options available with whom you can setup your merchant account.



Paypal: With a free PayPal account one can accept credit cards on your website immediately

Click bank: It offers distribution of digital products and has an instant affiliate network promoting your business.



North American Bancard: It is a full service payment solution provider of Credit, Debit, EBT, Check Conversion and Guarantee, Checks by Phone & Net.


Article Source: http://www.articledashboard.com





Copyright © Active-Venture.com's (www.active-venture.com) ecommerce hosting service. This article may be reprinted freely online or in print, provided an active link is made to www.active-venture.com





Spam emails More free articles

Related articles


  1. Online Merchant Account - Costs and Alternatives
  2. A Tale of Two Revolutions - Ecommerce: A Historical Perspective
  3. The Truth About Receiving Free Electrical Items
  4. 6 Secrets to Preventing Email Overload
  5. 6 Tips For Affiliates - Choose Your Merchant Wisely
  6. Blogging for Business - Should You?
  7. The Perfect Home Based Business?
  8. Think Like Google with AdSense
  9. How to Create Wealth
  10. eCommerce: Installing and Configuring your Shopping Cart
  11. Focus: The Magic Formula For Success
  12. Virtual Real Estate Investing in 2006 by Jack Humphrey
  13. Do ebooks sell?
  14. Work At Home - You Have To Look Beyond The Glamour
  15. Five Ways to Increase Website Traffic through Online Message Boards and Blogs
  16. News Bytes From The Web
  17. Building Valuable Web Content... Fast
  18. Succeeding with Ebay Auctions
  19. Give Me a One,Two,Three, and a Forum - Online Forum Etiquette
  20. E-Commerce Solutions
  21. Intelligent Toy of the Month Club
  22. Hype. Captivating Copy or Crass Content?
  23. Autosurfs: Making Money Surfing The Net.
  24. Top of the Game: eBay's Bestsellers
  25. Start an eBay Business Now!
More related feeds
Breaking Down the Cost of E-commerce
The overall cost of an e-commerce venture all depends on the amount of time and effort you are willingly to put into the project and the web hosting company you choose to do business with. These days, professional web hosting can be ...

Why Ecommerce Business Is a Good Home Based Business?
better set up a Pay pal account. Pay pal costs 2.9% + $0.30. USD per transaction. Set up a merchant account is costlier. than Pay pal. You need to promote your On Line Store using Ad word, creating. mini sites, creating a large opts in ...

Web Hosting : IPSP 4 BVI company
Web Hosting : Reseller in business for 3+ Years; Web Hosting : offshore merchant account; Web Hosting : Credit Card processor for Finland? Web Hosting : looking for an e-commerce package similar to uk2.net; Web Hosting : web hosting ...

The Secrets of Effective E-Commerce Design
Use professional e-commerce hosting so that you can ensure your site will have as few problems as possible and be viewable 100% of the time. Remember to use a reliable e-commerce merchant account for payments so that you can ensure ...

E-Commerce - What is E-Commerce? — by WWW IWANT2MAKEMONEY.BIZ
This would normally be a merchant account that is capable of handling credit card payments. This will require a secure page for ordering and a connection to a bank. Otherwise you can use the traditionally old method of invoicing people ...

Transfer Your Web Hosting the Right Way
At the very least, make absolutely certain that critical systems such as shopping carts, merchant accounts, payment gateways, ecommerce software, and databases are fully compatible with you new provider's systems. ...

E -Commerce Website Design and Development Solutions
It provides a sophisticated full service of ecommerce web solutions like: online shopping cart integration, Payment Gateway Integration, Online merchant Accounts that helps to increase profit by increasing revenue and decrease costs. ...

Online trade made easy with E-commerce
With an E-commerce website, you can easily reach to the clientele and manage your business in an effortless way. With E-commerce websites, one can easily set up product catalogues, payment gateways, merchant accounts, shopping carts and ...

Analysis: The New PayPal
Customers don’t leave your store during the transaction. A component must be installed on the web server hosting your store. You will need an Internet merchant account through your bank or other merchant account provider. ...

Ecommerce Hosting - How To Choose A Merchant Account
As the Internet is an instant medium, it is highly recommended that a ecommerce website must accept credit/debit cards and online checks as modes of payment. In order to accept credit card transactions, you require setting up a merchant ...

 


 

© 2007 articlesreader.com - All Rights Reserved