Comments for NBS Agents >> Merchant Account Agent and ISO Programs

Comment on What do United Merchant Service do? by stymiee

stymiee — Sun, 07 Mar 2010 09:15:59 +0000

If you have a registered business and wish to accept credit cards (Visa, MasterCard, etc.) you need to contact companies like them to establish the merchant account with a bank for you. They also typically provide the software or credit card machine necessary to process the credit cards at your location or through your website.
References :
Merchant Accounts 101
http://www.merchant-account-services.org/article/merchant-accounts-101

Comment on What’s difference between merchant account and affiliate account? by Jakester

Jakester — Fri, 05 Mar 2010 08:00:59 +0000

As I understand, a merchant account is setup with a bank by a retailer to enable them to process credit card payments, there are different provides who’s service charge depends on the store’s credit rating. Those who can’t quality can use alternatives, like paypal’s credit card processing service.

An affiliate may be a marketer sending buyers to that retailer, for which a commission is paid into his account kept either by the store or a 3rd party affiliate manager, like Commission Junction.
References :

Comment on Does anyone know anything about getting out of merchant svcs lease for credit card processing? ?r=1254849176? by ?

Fri, 05 Mar 2010 07:39:59 +0000

If you can prove that they are charging you something that you did not agree to then that would be a breech of contract on their part. Now if you do your research and find that they are not in the wrong then it will be hard for you to get out of the contract.

So I would suggest that you look at your contract very carefully and find their screw ups because they can’t refute those. The reason this process is so difficult is because when you give them the information about how much you make in sales and you sign that contract, you are guaranteeing that they will make a certain amount of money off of you.

And they are going to do what they have to, to get that money. Sorry you are going through this and I hope this helps.
References :

Comment on What’s difference between merchant account and affiliate account? by Dr. Christine Strong, NMD

Dr. Christine Strong, NMD — Fri, 05 Mar 2010 07:29:59 +0000

On a directory like Clickbank, a merchant account is held by the person who provides the product, like an eBook. And the Affiliate is the person who promotes the sale of that same eBook (or any other product) through Adwords, blogs, articles, etc.
References :
I am an affiliate marketer.

Comment on Does anyone know anything about getting out of merchant svcs lease for credit card processing? ?r=1254849176? by nu_girlie

nu_girlie — Fri, 05 Mar 2010 07:22:59 +0000

Read your contract with the company. I used to work with Merchant Services and the same thing happened to me. I was able to cancel my account but only after paying the cancellation fee.
References :
experience

Comment on How to choose merchant services provider? by buddy

buddy — Fri, 05 Mar 2010 07:11:59 +0000

Normally your bank can with your corporate account. Bank of America charges a transaction fee of over 2.48 %+ on all transactions. Depending on what your business is, you may wish to visit http://ishopbuz.com, and click through Maverick Money Makers and LinkShare where you will have access to over 5000 fine merchants to sell products for: while earning commissions from sales generated from your business and/or Web site. You may also go to http://www.CCR.gov and register your company as a contractor (no charge) where government employees can make purchases from small businesses under $100,000., and, $5,000. (without having to have a requisition with their government credit cards online), which is accessed through your business phone/DSL line. FirstData.com may also assist you. I hope this helps you.
References :

Comment on Who has the very best rates on Merchant Processing? by Brutus

Brutus — Mon, 01 Mar 2010 10:10:59 +0000

Costco. Check them out at http://www.elavon.com/acquiring/costco/
References :

Comment on What is the best merchant processing solution? by Avery M

Avery M — Mon, 01 Mar 2010 10:03:59 +0000

Hi I am new here and I am starting with your answerer. If you don’t care about the customer leaving your site:
Amazon Payments (underrated in my opinion)
PayPal
Google Checkout
If you need to seamlessly integrate a payment form in your site:
-PayPal Payments Pro ($30/month for a virtual terminal and API integration, no contracts, 2.9% transaction, it’s really hard to find a merchant company that can beat this unless you’re talking in volumes).
-Authorize.net coupled with the merchant company of your choice.
When evaluating a merchant company, beware of contract stipulations, transaction fees, and monthly fees. My first provider was Cardservice International (one of the largest) and I used LinkPoint for the online gateway. I was paying $60-80/month just for the service! (transaction fees excluded) AND I was locked in a 2-year contract with an insanely high cancellation fee. One of their fees was a mandatory $20 "customer service fee" for access to their 24/7 customer service team. (WTF?)
Just be careful when evaluating merchant companies. Try starting at your bank (as long as it’s not Chase, BoA, or Wells Fargo). Generally, local community banks or credit unions will have fair pricing and good customer service for merchants.
References :
Try to check all Honest Merchant Reports here.

http://www.honestmerchantreport.info

Comment on How can I improve my merchant website’s visibility? by Laura

Laura — Tue, 23 Feb 2010 12:17:59 +0000

Are you sure you have good products ( if you are dealing with product items) or excellent type of service (if you are into services)? You see, people will generally flock to merchant websites which sell hot commodities.
Be sure you deal only with saleable product items.
Also, try to improve on your marketing strategies. You should inform people about your merchant website. There are many ways to improve your website visibility on the Net.
If you want to know more, just visit the link below.
References :
http://www.creditcardprocessingexperts.com/credit_card_processing_10_effective_merchant_websites_marketing_strategies.html

Comment on How can I improve my merchant website’s visibility? by Colonel

Colonel — Tue, 23 Feb 2010 12:04:59 +0000

I hate to say this but you got to do 2 things..

1.) PAY ADVERTISEMENT
2.) SPAM <– spam atleast 20,000 emails a day.
References :