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Make doing business online easier by following these tips
Posted: May 06, 2014
When taking our first steps into the world of internet merchandising, one of the most important decisions we can make is choosing our first internet merchant account provider. A merchant account is a special form of bank account that allows businesses to accept payments by payment cards, most commonly credit or debit cards. In order to be truly effective in your internet marketing, this is a resource that must be leveraged to advance your online business.
There are many different forms of Market Account providers out there, and it’s necessary to do the research to carefully select the right one for your business. With so many options and decisions to make, it’s important to have a few tips to go by when making the selection. Today, we’ll be providing you with some of those options. Obviously, the first and most important tip is to not go with the first provider you find, but instead to take the time to compare them. But what to compare?
1 – Multiple Options to Accept Credit Cards
There is nothing that makes customers quite as comfortable and happy with a business as having multiple methods of pay available to them. Therefor the first thing to look for when comparing Merchant Account providers is the availability of these options. Your customers should be able to make purchases by credit card machine in your place of business, by telephone, and the all-important internet payment. Missing even one of these for a business can impact your sales possibilities dramatically.
2 – Unlimited Sales per month
Though it may seem counter-intuitive, there are Merchant Accounts that place limits on the amount of sales you can process each month. Make sure you’re the merchant accounts provider you are looking at does not limit this important aspect. There can be little as frustrating as losing sales because you’ve run out of available transactions.
3 – Guaranteed Process Times
Many merchant account processors offer relatively standard processing times, but you want to make sure this is in fact part of their guarantee. Some merchant account service operators do not guarantee a processing time, so make sure you look for one that provides a maximum of 2-4 day completion time. Nothing is more frustrating for you or your customer than having to wait inappropriate amounts of time for a transaction to clear.
4 – Reasonable Fees Per Month
Just like any customer, you’re going to want to shop for the best price for your business, comparing what offers are out there to make sure you get the best deal. Don’t settle for a company that seems determined to soak you for as much as possible each month, look for one that is as interested in the health and profitability of your business as you are.
5 – If all else fails
If all else fails, you can always sign up for a Paypal Merchant account. Paypal is far from being the worst possible option out there, and it’s worth checking out their details. Paypal is well equipped with its years of experience to handle your merchant accounting needs. The name is recognizable and respected among most internet shoppers, and it will lend a decided legitimacy to your transactions.
These are just a few of the key points you’re going to want to consider when conducting business in the internet marketplace today. So take your time and make sure to compare the options available to you, and get yourself the best Merchant Account service for you and your business!