NBS Agents >> Merchant Account Agent and ISO Programs » credit card merchant

Credit card merchant fees for big business?

admin — Wed, 10 Nov 2010 16:46:35 +0000

If a company has $100K or more per month in transactions.
About 500-1000 transactions a month, what’s the best rate they can get?

All domestic customers

Can any merchant, gateway beat Moneybookers & Google Checkout?
2% + 29 cents

Would it be different if they did
$500K in transactions, over 1000 transactions a month?
please provide details and help.

YES

How do credit card merchant accounts work?

admin — Mon, 08 Nov 2010 01:31:27 +0000

Like after a customer uses their card, where do the funds go?
What do I need to do with the receipts/card slips?

Thank you!
ALSO: I know the account has to be linked to my bank account, how long after the customer uses their card will it appear in my bank account?

Hello,

First Step= Customer comes to your site and do checkout and enter his details .. if a programmer already integrated your shopping cart with your credit card billing gateway .. the payment details go internally and they get a response (Order Successful, Order Failed).

Second step= Buyer get notified .. and received a slip ..

Third Step= You must have a backoffice (gateway panel) where you can login and view the transactions occured everyday etc.

like at www.activemerchant.com they provide gateway along with virtual terminal to process credit cards manually too by entering into their secure area to charge credit cards.

What is the best credit card merchant account company?

admin — Fri, 05 Nov 2010 16:19:42 +0000

I would like to accept credit cards for my small photography business. There are a number of companies out there offering to sell merchant numbers. Has anyone had a merchant number or know a company that is good to work with. Ideally I would like to run the credit cards over the internet as I don’t have a land line phone but will be selling more like retail.

There are many companys offering credit card acceptance –but you must find one that is "friendly"to a small business like yours.

There is really no way of saying which is best—without knowing what sort of figures you plan to offer….You may be better off with Paypal or similar. A lot of people will not use credit cards on-line..because of the fear of theft…and rightly so—because you are even stating that you are only going to use this service on-line. That is theft waiting to happen …..because of chances of over billing..multi billing…re-incurring billing ..stolen cards…and many other issues that you will get charge backs for. ( in case you don’t know that means YOU lose money !!! ) Without having a real store where buyers physically arrive with card ..and you slide said card…the costs will be astronomical in cost…because the credit card companies will understand this risk…and charge you accordingly. So as soon as you tell the on-line business–they will run from you–or charge you !!!

I highly suggest PAYPAL–they aren’t the cheapest…but your customers will be able to pay without fear of theft from on-line predators.

Credit Card Merchant Company what is needed?

admin — Fri, 29 Oct 2010 06:44:37 +0000

I want to create a credit card merchant company. That runs debit cards also. Visa, Mastercard, Discover etc etc. What kind of servers and software is needed? I need to also know what type of regulations I need to follow. Also how much a year this industry makes a year? From the ground up what do I need? Can someone ever answer this question? I always get dead ends.

This would be very difficult to pursue, mainly for network security reasons. For example, can someone decide to be an ATM processor? They would have access to the deepest private files held by banks on people’s accounts. Thats’ why banks are mainly the only ones who handle merchant accounts. I would say you would need an extensive business history, have at least $100, 000 start up capital for licenses and software, and maybe that amount again for a security bond, if it would be possible at all.

Can a merchant refuse a credit card that is not signed and therefore invalid?

admin — Fri, 21 May 2010 21:16:37 +0000

All of my credit cards clearly state, "not valid unless signed", so I sign them and indicate that I also show ID with every transaction.

As a college business office, can I refuse to accept a credit card that isn’t signed by the customer and is therefore invalid? Can any merchant refuse to accept an unsigned credit card for payment?

signature block, and I very rarely even get asked to see my ID. The only place that has refused to take my credit card that was was some anal old biddy at the post office, even though all the other clecrks are fine with checking my signature against a government issues ID card. It seems to me that if the credit card comes back "approved" and you check the signature of the customer against a government ID you should be covered.

The Merchant Can See our Credit Card Details?

admin — Sat, 15 May 2010 19:23:04 +0000

When we make a purchase online, can the merchant (payee) actually see our credit card details such as number, name and CVV(2)? I’m fell insecure if the merchant can see it.

This depends on how the merchant processes the transaction. Typically the merchant account will have a payment processing service linked to their merchant account, when you make a purchase online, you will be directed (often transparently) to the "gateway" where the card details are taken and the payment is processed – the merchant doesn’t ever get to see the details of your card. It is possible, tho not common, that the merchant can take your card details for later processing – if this is the case then its likely that the merchant will be storing your card details and then processing them through their offline channels such as virtual terminal or phone verification – this is perfectly legitimate but like I say, this is very uncommon particuarly in eCommerce where transactions are normally processed their and then, electronically through a secure merchant gateway.

Make sure that whenever you are paying online that you are in a secure environment – that means that the website address will begin https:// instead of http:// meaning that anything you type/submit is encrypted.

http://www.paymentsense.co.uk

What is the best credit card merchant I can use online?

admin — Wed, 12 May 2010 20:22:05 +0000

I have a small business and my clients dont like PayPal. Can anyone suggest a good merchant that I can use that is reputable and easy to work with (phone, online, swipe), thank you.

Costco merchant Services

US Credit Card Merchant Accont?

admin — Mon, 10 May 2010 21:55:59 +0000

I need to process credit cards for customers of my small business.
I own a computer repair shop – service, sales, and support.
Most of my transactions are between $50-150.
I get between 3-15 CC transactions per month.

Here is what I would like to be able to do:
Have a phisical terminal that allows me to swipe a card in person for a low rate.
Be able to process online through the merchant website in case it is an on-site job or internet sale.
Maybe if they have an app for the iPhone that would be a bonus. Not necessary, but would like.
No setup, annual, rental, termination, cancelation, equipment, minimum, etc. fees. No BS.
I just want to pay a low monthly rate, and low transaction fee. PERIOD.

THANKS~!

It sounds like you need a simple Dialpay account since you have such a low amount of transactions. You simply make a call and enter in the card info and transaction is completed! It will cost you more, but it is so easy to setup and use. Expect to pay around 3-4% Flat or if you can find a lower rate sich as $2.50 and $.75 per transaction that works better since you have a low ticket size.

If you want to use your iphone as a credit card swipe, then it will cost you more to process as you need to purchase extra equipment. I just don’t think that is worth the investment. If you need help searching for a provider, I found this information helpful:

Try emailing me as well I can perhaps find you something better.

Chris

Which merchant account is good for accepting credit card payments for vacation home rental?

admin — Sun, 25 Apr 2010 16:37:34 +0000

Hi I own a vacation home and would like to accept credit card payments for the renters when they pay me. I think the best way to go is by using an online system? or is it better to use a manual system.

Which merchant would I use? any suggestions please!!!!

Costco Merchant Services

Can a merchant store your credit card information?

admin — Thu, 28 Jan 2010 01:57:58 +0000

I went to my dentist and was asked to provide my credit card information for them to store in their database in case they needed to bill me for something. As far as I know, they are not allowed to just store my credit card information.

Thanks for the help, my state in case that makes a difference is Pennsylvania.

Yes, they can and usually do store credit card infomation. It’s a security measure for the merchant. If you don’t pay a bill, they’ll charge the account on file.