Comments on: How to accept credit cards on your website http://www.merchantaccountblog.com/archives/227 Merchant Accounts, Ecommerce, Processing Equipment Thu, 28 Aug 2008 13:27:11 +0000 http://wordpress.org/?v=2.6 By: Chris Diggs http://www.merchantaccountblog.com/archives/227#comment-18715 Chris Diggs Thu, 03 Jul 2008 14:43:29 +0000 http://www.merchantaccountblog.com/archives/227#comment-18715 I know Jad Talbert and he likes the easy options but as usual he isn't thinking through the implications of his suggestions. Even though PayPal now has a virtual terminal feature for a long time they didn’t and most 3rd party processors don’t offer one. Be sure to ask about a virtual terminal before signing up with anyone if you’re going to need that function. I know Jad Talbert and he likes the easy options but as usual he isn’t thinking through the implications of his suggestions.

Even though PayPal now has a virtual terminal feature for a long time they didn’t and most 3rd party processors don’t offer one. Be sure to ask about a virtual terminal before signing up with anyone if you’re going to need that function.

]]> By: Online Credit Card Processing http://www.merchantaccountblog.com/archives/227#comment-18557 Online Credit Card Processing Fri, 06 Jun 2008 13:43:28 +0000 http://www.merchantaccountblog.com/archives/227#comment-18557 This is a great comparison between merchant accounts and 3rd party processors. Here are a couple more things to consider when making a decision about your online credit card processing solution. -some 3rd party processors will require your customers to create an account with them before they’re able to purchase from you. People buy online because of the convenience; having to jump through hoops just to make a purchase isn’t real convenient in my opinion. When your customers realize that they’ll have to provide their financial information to a 3rd party before they can check out, it may cause some of them to abandon your shopping cart. -most merchant accounts/payment gateways have a virtual terminal feature so the merchant can manually process transactions for face to face, phone, or mail sales. Even though PayPal now has a virtual terminal feature for a long time they didn’t and most 3rd party processors don’t offer one. Be sure to ask about a virtual terminal before signing up with anyone if you’re going to need that function. Michael Rupkalvis The Transaction Group This is a great comparison between merchant accounts and 3rd party processors. Here are a couple more things to consider when making a decision about your online credit card processing solution.
-some 3rd party processors will require your customers to create an account with them before they’re able to purchase from you. People buy online because of the convenience; having to jump through hoops just to make a purchase isn’t real convenient in my opinion. When your customers realize that they’ll have to provide their financial information to a 3rd party before they can check out, it may cause some of them to abandon your shopping cart.
-most merchant accounts/payment gateways have a virtual terminal feature so the merchant can manually process transactions for face to face, phone, or mail sales. Even though PayPal now has a virtual terminal feature for a long time they didn’t and most 3rd party processors don’t offer one. Be sure to ask about a virtual terminal before signing up with anyone if you’re going to need that function.
Michael Rupkalvis
The Transaction Group

]]> By: Jad Talbert http://www.merchantaccountblog.com/archives/227#comment-18445 Jad Talbert Mon, 19 May 2008 04:27:28 +0000 http://www.merchantaccountblog.com/archives/227#comment-18445 Isn't it much easier just to get a Paypal account, and let them handle everything? Isn’t it much easier just to get a Paypal account, and let them handle everything?

]]> By: Classic Movie Store http://www.merchantaccountblog.com/archives/227#comment-16437 Classic Movie Store Thu, 18 Oct 2007 19:52:49 +0000 http://www.merchantaccountblog.com/archives/227#comment-16437 A great way to start out with accepting online payments is to use 3rd party processors at first to gauge how much turn over and business you will be taking. Alot of 'real' merchant accounts have fairly high start up fees (£150 upwards) and if you are not sure how much you will be selling then try a 3rd party first (ie paypal, google checkout, nochex). You pay a higher percentage, but then when things take off, do your math, and when its worth it, get yourself setup with a real merchant account. A great way to start out with accepting online payments is to use 3rd party processors at first to gauge how much turn over and business you will be taking.

Alot of ‘real’ merchant accounts have fairly high start up fees (£150 upwards) and if you are not sure how much you will be selling then try a 3rd party first (ie paypal, google checkout, nochex). You pay a higher percentage, but then when things take off, do your math, and when its worth it, get yourself setup with a real merchant account.

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