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Accepting credit cards-Explained |
by:
chris dorning |
"You have permission to publish this article electronically or in print, free of charge, as long as the by lines are included and all links remain active. A courtesy copy of your publication would be appreciated." Email notice of intent to publish is greatly appreciated but not
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Accepting credit cards-Explained
Firstly let me point out that it is very difficult, to compete in a highly competitive market without being able to accept credit cards as payment from your customers. Most people who buy online use their credit cards to pay. To accept credit cards you need to be accredit merchant.
There is a big misconception that becoming a “merchant” is a lengthy and expensive process that takes months to complete. This is not the case anymore, there are now many agencies on th enet who are more than happy to give you “merchant” status.
What follows is step-by-step guide to finding and setting up your merchant account.
Firstly, deciding which company you want to use. You obviously want an
agency which is reputable, has been around for a few years at
least, and one which offers monthly direct payment straight into
your bank account.
These, may sound like obvious requirements but believe it or not most credit
agencies still pay their customers through cheques. Now I don’t
know about you but if I have a really good month, I definitely
do not want all my money being sent insecurely through he very
questionable postal service. Not to mention the fact that you
will wait at least 1 week to receive your money.
After I became I credit merchant my business went up 27% in one week and has
remained fairly stable since that time.
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