Whats the best mrrchany account for my ecommerce business?
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04-27-2014, 10:37 PM
Post: #1
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Whats the best mrrchany account for my ecommerce business?
Do i need a tax id to start
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04-27-2014, 10:43 PM
Post: #2
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A merchant account will have to be setup with a trusted provider to accept payments from a major credit card. There are at least 3 main packages available for the business person. A physical, bricks and mortar solution, an internet including eCommerce site solution and an I Phone application to accept payments. One can make an application online for the service required. Usually there is a monthly fee, a gateway fee and a discount may apply of one fits the criteria. Online businesses require this service (merchant account) as they have to find a convenient , hassle free payment process for the customer which is secure. Finding a compatible merchant account provider has it's challenges. If you are a small business one will soon find out that not all providers cater for this sector. Specifically when selecting a merchant provider you will have to make sure that the merchant solution is compatible with the software used for the shopping cart online. There are different gateway systems for credit card transactions and this has to be linked to the shopping cart software. Merchant account providers have a long standing relationship with financial institutions and can offer there unique processing systems to validate card transactions.
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