Posted on 02. Dec, 2013 by admin.
If you are looking for useful information about Merchant Credit Card then you are lucky to have stumbled upon this article. The reason is because some very useful information on the topic are revealed in the paragraphs below.
Merchant credit card information discusses merchant credit card accounts approved and established for merchants by an acquiring bank. So, here are some very useful pieces of information you must know.
What is a Merchant Credit Card Account?
You are a merchant if you render certain services or sell items to buyers. You can decide to accept a credit card from your customers so as to provide them with the convenience of an easy payment method.
The bank that would accept and settle all your credit card transactions with your customer is known as the merchant acquiring bank, thus, the account this bank establishes for you to accept credit card is called a merchant credit card account.
Posted on 01. Dec, 2013 by admin.
Mastercard is a renowned brand when it comes to credit cards. All over the world, MasterCard is widely accepted and using it gives you easy access to funds wherever you are. Many businesses accept credit and debit cards issued by MasterCard and this has provided them with a lot of benefits. This article highlights some very useful facts about Mastercard Merchant Accounts you should know.
What is a Mastercard Merchant Account?
A Mastercard Merchant Account is provided for businesses, small or big, that want s to accept MasterCard’s credit/debit cards in payments for goods and services from customers. This means that the merchant (business, company, retailer etc) will accept processing of payments to its products and services via MasterCard.
This account is signed up through agreement with an acquirer (a bank or financial institution) or with a member service provider (MSP), who function as a sales agent or third party contractor working on behalf of the acquirer. The bank or MSPs help merchants to process cards used in transactions over the MasterCard network between the merchant and their clients.
Benefits of using the Mastercard Merchant Accounts
The following benefits would be enjoyed by your business if you decide to set up MasterCard merchant account.
- Efficient financial transactions – with this account, your financial transactions would become efficient. This is true because they are done electronically. The stress and rigors of handling paperwork would be minimized even as you now save valuable time that can be channeled to other productive ventures.
- Security of cash – This account allows you to handle less cash hence, preventing incidence of fraud, pilfering and theft.
- Quicker transactions – setting up this account for your business will enable you to attend to your customers quicker and speedily. The incidence of delays for customers while you are counting money is reduced.
- Increased sales and profits – Your customers can now buy more from you because they are not restricted by cash. With MasterCard at their disposal, they can purchase from you whenever they like even without cash.
- International business promotion – with this account, your business can extend beyond the shores of the country where you live. Customers from other countries can pay you and while the MasterCard will convert such payment in your own currency.
So, there are whole lots of benefits applicable to you will enjoy when you decide to sign up for Mastercard Merchant Account. The account will take less than one month to set depending on the type of business you operate.
Finally, more information about how to sign up for this account can be accessed from the website of MasterCard.
Posted on 06. May, 2013 by admin.
High risk merchant services on the internet typically allow you to do credit and debit card processing, check guarantee and check conversion, automated clearing house check drafting, gift and loyalty card programs, payment gateways, email marketing, direct mail marketing, merchant cash advances, online ordering systems, and point of sales transactions. That’s a lot that you can have access to if you paid the right amount of money for it.
Yep, of course, they aren’t for free – I don’t see how that is possible anywhere. These are a lot of services that you could have access to as a merchant in the United State or anywhere else in the world where you have access to the internet. They make your life easier and your transactions a complete blast. This broad category of financial services intended for use by any business that knows where they are headed and requires the tools to make it happen.
Some of the best names of names you can trust in this category include PayPal, VeriSect, 1and1, Intuit-Gopayment, MBankCard, BuyerZone, and Merchant Services Inc., just to mention only a very few of them. Of course, there are some that do not have your best interest at heart, which is why you want to do a bit of research before you settle for one or the other. They are available all over the internet, and so are the reviews given about them by those who have used them in the past. You want to find and read these reviews, and use this information to make up your mind about which one of them you should be using.
High risk merchant services enable you to accept a transaction payment as a business, by use of your customer’s credit or debit card. And in addition to the services detailed in the paragraphs preceding, there are also other services that may include age verification for age-restricted enterprises, employee payroll tracking functions, electronic benefits transfer programs such as food stamps. The trick would be to find the merchant service you trust the most, and also the one that would perhaps charge you the least for their services, so that your business can grow as you would love it to.
Posted on 03. Jan, 2013 by admin.
If you are travelling abroad, you may want to use your credit card for purchases or expenditures. This is a good decision because it would provide you with conveniences and save you from the risk of carrying stacks of dollars in your wallet. However, the use of your credit card in another country could attract high charges that the card issues often refer to as foreign transaction fee. This charge can add up to about 3% of the total purchases you make would be added to your expenses.
The good thing now is that you can do without these fees and save money while you make purchases abroad. Many card issuers are now opting for no foreign transaction fee credit cards. This means you don’t worry about paying the charges the card issuers fix as fees for foreign currency exchanges. Here are some interesting facts you need to know about the no foreign transaction fee credit cards.
The need for a No Foreign Transaction Fee Credit Card
You need this type of credit card so that you can avoid that extra fees charged by card issuers to savvy travelers. If you are a frequent traveler and have to use your credit card abroad, then you would be surprised as to discover how much you now save because you avoided paying the foreign transaction fees.
Apart from saving more on your foreign purchases, the No Foreign Transaction Fee Credit Card help you avoid the risk of carrying cash or travelers check in your pocket when you shop abroad. More so, a lot of the credit cards with no foreign fees provide you with the opportunity of enjoying some promotional benefits like bonus miles, travel accident insurance, special discounts, lost luggage reimbursement, auto rental insurance, and complimentary concierge service. In other words, these cards can act as rewards cards.
The best No Foreign Transaction Fee Credit Card around
A list of the best credit cards without foreign transaction fees charges include: Capital One Venture Rewards Card, Chase Sapphire Preferred, American Express Platinum Card, Citi Thank You Premier Card, Chase Marriot Rewards Premier Credit Card, British Airways Visa Signature Card, Continental Airlines Presidential Plus Card, United Mileage Plus Club Visa Card, Discover More Card, Discover Miles Card, and Discover Motiva Card etc.
So, there are lots of fascinating details about No Foreign Transaction Fee Credit Card just as you will enjoy many benefits. For more information about these cards, contacts the websites of major credit card issuing companies like Capital One, Discover, American Express, and Citi Bank etc.
Posted on 09. Aug, 2012 by admin.
When your customers purchases an item or pays for a service with a credit card, the plastic card is processed through a number of methods. These processing methods are included in the merchant agreement signed with the acquiring bank and in some cases, the services of Independent sales organization (ISO) is included. The ISO are brokers that help in processing payments of the cards.
The processing of merchant credit card is done electronically through various means like:
- Internet Payment gateway
- Credit card terminal
- Automated Response Unit (ARU) etc
- Point of sale Terminals
The advantage of a Merchant Credit Card account to businesses
- Increased sale as more people tend to buy more with credit cards than with cash
- As revenue increases, the profit margin will automatically increase
- It prevents the risk of fraud from staff because payments are made direct to the account
- It boosts customer’s confidence since they know they have convenience in payments and save time.
- With this account people can have more confidence when buying from you.
So, with the useful information provided in the paragraphs above, you need to consider going for a Merchant Credit Card account today. For more information on how to set up one, visit the websites of many ISO/MSP’s that you can find on the Internet. You may also compare details of the offers from more than one provider. This will help you select the best ISOs.