NBS Agents >> Merchant Account Agent and ISO Programs

I am building a ecommerce site and am wondering if I can add a shopping cart into build or do I need to buy a merchant gateway seperately?

Microsoft’s Office Live Small Business service lets you add a shopping cart, and you can process credit cards through the site meaning customers can shop your store with ease.

Cheers,
Jeff
MSFT Office Live Outreach
http://smallbusiness.officelive.com/en-us/

Is it standard to pay a small fee, like .25 per credit card swipe plus the interest fee with all merchant service accounts?

It depends on which company you are registered with — the company our business is registered with charges a percentage and a transaction fee based on qualified and non qualified purchases along with the percentage and transaction fees from the credit card companies. We are also charged regular monthly fees for statements

You probably should read your contract.

While using credit card for merchant subscription payment safepaysolutions .com gives error and payment not processed.

any solution?

Did they ask for a password? Did you register this credit card with safepay solution? You should look for a phone number for them and contact them. Perhaps they are having server problems, perhaps it is something else. Contacting them is the only way to know what the problem is.

I’ve been merchanting earth rune and it takes too long to buy it for 15 and sell it for 16. I need a quicker and better way to earn money by merchanting. Whatever i try to merchant it doesn’t work. oh and i have 2mils now and i am a free worlder. I need some suggestions about what items are good to merchant.

Its very difficult to merch and make good money on f2p and with a limited amount of money to spend. To be honest I would just get money by mining ess or runecrafting or something until you have more to spend.

not your problem — just turn it over to the credit card company and let them worry about getting there money!!!

When I took accounting, we learned that credit card companies don’t reimburse merchants for the entire purchase price. Instead, they short the merchant a small cut that they keep for processing the transaction. In my classes, we used 2% for all cards.

But that was many years ago and in academia. In the real world right now, what is the merchant discount for the various credit cards (Visa, Master Card, AMEX, Discover)?

Thanks!

It all depends on your business, the type of transactions you do. Rates can vary, or you can be on a variable rate plan which charges you interchange rates (Interchange rates are decided by Visa Mastercard Association). To get a merchant account, give these guys a call – www.iso4chase.com.

Now as far as AMEX is concerned, they set their own rates as AMEX is not part of the VISA / MC association. Discover used to do that as well, but now merchant processors such as First Data, Chase Paymentech and others can setup Discover accounts for you and keep the charges on that one statement only. Discover has their own interchange charts.

There are different type of pricing plans out there. You can be on a fixed rate, a three / two tiered structure where you get a qualified rate and a non-qualified rate (cards such as corporate cards, rewards card etc do not qualify for qualified rate), you can be on a bill-back structure where you would pay a fixed rate and then the lowest non-qualifying interchange rate or you can be on a Interchange + sort of pricing where you would pay the Interchange rate in addition to a small percentage on top on each transaction. Talk to the people you want a merchant account from to discuss your needs.

Hope this helps.

What are the best ways to find merchants who need credit card processing service or who wish to lower their current rates?

In my experience you have to go to them in person so they can put a face with your name. Maybe you can spend some time on the phone setting up appointments and then visiting them in person to present the paperwork, obtain their statements etc.

Another way is internet marketing. But that is a steep learning curve.

I am thinking of starting an online store for selling my Wedding flowers and accessories. I have tried ebay – Too costly, as I like to keep my prices down for brides on a budget. I have been looking at Yahoo’s Ecommerce Merchants starter and am wondering if anyone out there uses it and do you actually get business. I have been doing this for over 20 years and am trying to expand to the online world. Thanks for any help, advise, experience that you can give me.

I have a friend that had used it previously and had no problems. I just talked to her and she said she would encourage you to try it out.

Good Luck!

Hi,

I’m starting up a US ecommerce website, that will be accepting Visa, MasterCard, Amex, and Discover cards.

My website will also be selling to UK customers, so I was wondering if the credit cards listed above are used a lot in the UK??

The reason I ask is because I’ve been looking at some UK websites and they all list the following credit cards: Solo, Maestro, Switch, Diners Club, Delta, and JCB. But my merchant account can’t process these types of credit cards; so will UK customers not want to buy from my website because of this??

Thank you,

snowking

Solo, Switch, Delta are not credit cards they are debit cards where the money is taken out of a bank account instantly.

Diners Club is a credit card, don’t know about the others.

Visa is the most popular and widely used credit card in the UK

I recently paid some hundreds dollars for something that I have never received, I have finally got hold with the merchant after a couple of days trying, but now, they asked me to back to their store which is 2 hours one way there, so they can give me the refund, because they will need my credit card again to process the refund. I am not sure if they just jerk me around.

Nowadays most of stores do not ask for the original credit card while doing refund.

Please advise if you know how this works. Thanks a lot.

I would not expect to have to drive two hours for a refund. Call them up and read the CCV number to them if that is what they need. They should be able to process it that way. If they continue giving you a hassle, tell them you will dispute the original charge with the credit card company in writing, then do it.