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KaoChin206 (Talk | contribs) m (Created page with 'Internet [http://www.electronictransfer.com/articles/credit_card_processing_company Credit card processing company] requires more security and agressive fraud controls than retai...') |
KaoChin206 (Talk | contribs) m (Created page with 'Internet [http://www.electronictransfer.com/articles/credit_card_processing_company Credit card processing company] requires more security and agressive fraud controls than retai...') |
Current revision as of 07:28, 3 April 2012
Internet Credit card processing company requires more security and agressive fraud controls than retail credit card processing because the credit card can not be verified by swiping the credit card as if you do with a retail merchant account. That is why it's very important to deal with a company that focuses primarily on internet transactions and Internet Merchant Accounts.
An Internet Merchant Account will not demand a shopper's signature and it has requirements beyond a typical card-not-present or retail merchant account. In the event that you have a merchant account, you ought to verify that the merchant account supports credit card payments online.
A Merchant account company sets up merchant accounts which really is a type of bank account which allows businesses to accept payments by debit or bank cards. A merchant account also serves as an agreement between a retailer, a merchant bank and payment processor for the settlement of credit card and/or debit card transactions.
Just how much does it cost?
Application fees range from $00 to $150 and monthly fees vary widely from $20 - $65. Ensure you read the contract and look for any monthly minimums and extra service fees.
