The way to Accept Credit Card Payments Filed in archive financing on October 24, 2006 Allow me to begin the process of out by how a merchant account performs. To be able for you to accept credit score card payments, you need to have a merchant account. You want to communicate with a financial institution or possibly a credit card processor for this. They are going to give you a facility to course of action credit card transactions.
In a very brick and mortar internet business, they would quite often offer you a credit card swipe machine, but for online organizations,
Office 2010 Professional Plus, they'll provide you with a shopping cart or maybe a site where you could send your clients to key in their credit card details.
If you are going to bill your client for $100 (for a product or a service), your client pays $100 to the credit card processor. Now the credit score card processor won't be paying you the same $100. They'll deduct some fees either a percentage of the sale (they call it discount rate),
Microsoft Office Standard, or maybe a flat per transaction fee. Sometimes both. This is where they earn. You'll probably end up getting $95 out of the $100. Not bad if you ask me.
In choosing a credit score card payment processor, check out the fees and compare which one will work best for your online business. Some have a monthly fee,
Office Standard 2007, a statement fee,
Microsoft Office 2010 Professional, a transaction fee. Check out the different discount rates between payment processors,
Windows 7 Activation, and also check out how and when will you get the payment. Some have a very minimum amount before they send you the payment. Others may charge you with wire transfer fees.
There are a lot of payment processors. Here's just a few.
CardService
Verisign
MCVisa
But I personally use 2co.com
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