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Accept Credit Cards Online without a Merchant Account
 


It is often assumed if you want to accept credit cards on your website that you must have a merchant account. This is not the case. You can accept credit cards with a Third Party credit card processor.


1) What is a Third Party Credit Card Processor?


A Third Party credit card processor is a company that will accept credit card payments on behalf of you or your company. The payments your customers make are processed through the Third Party's own merchant account, and you the retailer is paid (minus a commission fee) by the Third Party processor.


No need to pay for expensive processing software, monthly fees or minimum transaction fees. As you only pay a percentage fee on a sale, you cannot lose money.


2) Should I have a Merchant Account or Third Party Processor?


For most businesses this decision will be made according to the size of the company. Most small businesses do not need their own merchant account.


Small businesses are better off with a Third Party processor. The advantage is that when you sell your products, the Third Party processor takes care of the payment by checking the card, processing it, and sending you a monthly check.


Larger businesses with a bigger turnover are likely to need a full merchant account. You will pay a bigger set-up fee for an online merchant account but pay less per transaction than with a Third Party processor. So recouping your initial outlay.


So there it is, unless you have a large business it is possible to accept credit cards online with a Third Party processor.


(c) John Lynch 2004


[ For details of Third Party credit card processors and online merchant accounts visit: http://www.merchant-account-service.com/credit_card_processing.html ]






For Free review on Site Build It - the most advanced web site design software for small business go to: http://www.merchant-account-service.com/sitebuildit.html





Credit Cards News



CNET UK

Google Wallet Suspends Prepaid Credit Card Functions
PCWorld
By John P. Mello Jr., PCWorld Feb 12, 2012 8:57 AM Google has suspended prepaid capabilities on credit cards linked to its mobile wallet after a security flaw was exposed. Saturday's move comes following the airing on the Internet of a flaw in the ...
Google Wallet PIN System is Secure, Google ClaimseWeek
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Business Insider

This Man Has 50 Credit Cards
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Scott Bilker first applied for a credit card in the late '80s when he realized he would need to borrow money to pay his tuition bills. His efforts to avoid paying interest and score better deals quickly got him a very fat wallet.


10TV

Reward offered in Heath credit card theft
The Newark Advocate
HEATH -- Licking County Crime Stoppers is offering up to a $1000 reward for anyone with information leading to an arrest in a credit card theft in Heath. On Dec. 18, people stole a wallet containing credit cards from a woman shopping at GFS and then ...
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The Associated Press

Credit-Card Borrowing Surged Over Holiday Period
Wall Street Journal (blog)
By Jeff Bater and Jeffrey Sparshott US credit-card debt posted the second solid increase in a row during December, an indication Americans stuck with meager wage gains borrowed to pay for their holiday celebrations. The increase helped raise the level ...
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Higganum woman accused of stealing credit card
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By JEFF MILL CROMWELL – A 21-year-old Higganum woman was arrested for allegedly stealing and using another woman's credit card after police were able to identify the suspect from a surveillance video. The incident dates back to June of 2011, ...