What merchant services can do for your business?

by michael bedwell Digital Marketer

Typically, businesses need merchant services for their day-to-day financial transactions. It is the only way to accept debit/credit card payments in store, online and over the phone. Merchant accounts are also the only payment option offered with PayPal™.

A merchant account provider can offer different types of transaction accounts, including high risk credit card processing. High-risk merchant services are usually for industries that have a higher risk of credit card chargebacks, such as:

* Travel and Transportation - Airlines, Hotels/Motels, Cruise Lines, Car Rentals, etc. * Business Services - Telecommunications (VoIP), Data Storage * Financial Institutions - Prepaid Cards * Internet - Online Gambling, Dating Sites, Memberships * Internet - Adult Entertainment

Billing and Invoicing Accounts: Billing and invoice accounts are best for businesses that send monthly bills to their customers for services or products they already sold. Also, billing and invoicing merchant services is ideal for business-to-business (B2B) transactions.

High Risk Credit Card Processing: High risk merchant accounts are usually for industries that have a higher risk of credit card chargebacks.

Internet Merchant Services: The internet is one of the most common places to find consumers shopping online. This means businesses need an online payment gateway to perform credit card transactions over the internet. With a payment gateway, you can accept debit and credit card payments online.

Debit Card Processing: Debit cards are a form of payment that deducts the amount of money from your checking account when you make a purchase. They work like a ATM or bank card. Merchants who accept debit cards need to apply for a merchant account with their debit card processor. Some also offer PIN-based debit.

International Merchant Accounts: The International Payment Network offers a merchant account for accepting online payments from customers throughout the world. As a result, you can do business with people in other countries and get paid through your merchant account provider. Your International Gateway will also process transactions in foreign currencies, including Canadian Dollars and Euros.

Mobile Merchant Accounts: Mobile merchant account providers offer a mobile credit card reader that attaches to a smart phone, tablet, or other devices. It allows you to swipe debit and credit cards anywhere you can use your device's camera to take pictures of the cards' magnetic strips. A good mobile merchant service provider offers low rates for swiped transactions along with monthly fees.

Virtual Terminal Accounts: Virtual terminal accounts are offered by some merchant services providers. It allows you to process credit cards online via an instant virtual terminal, which will let you create receipts for customers who bought your product or service online. You can also track clients' transactions, send emails to your customers, and view reports of the credit card numbers you have processed.

Accounts with Braintree: Merchant Accounts with Braintree is a payment gateway that's convenient to use and cost effective. You can accept debit and credit cards as well as PayPal™, Apple Pay™, Android Pay™, Bitcoin, Venmo™ and more from your customers. This account also offers PCI compliance, a risk management team, and fraud protection to your business.

Amazon Payments: Amazon Payments is an online payment processing service offered by the eCommerce giant, Amazon. With this service, you can sell physical or digital products on your website or mobile app with ease. You don't need any additional hardware or software to process cards with Amazon's service, and there's no setup fee or monthly charges.

Grindabuck: Grindabuck is an online reward site that will pay you to watch videos and shop at their online store. But the best part about Grindabuck is their 10% referral bonus. Simply refer friends to join the platform too, and earn 10% of what they earn.

Accounts with First Data - FDC Payeezy Gateway: First Data's gateway is ideal for small businesses looking to accept credit cards online, through the mail, or over the phone. This service isn't offered directly by First Data, but is managed by one of their partners. But it offers similar benefits as other merchant accounts.

Accounts with credit card reader: There are different merchant account providers who offer to provide you the credit card processing equipment, such as a standard or mobile card reader. You can register for a merchant service by using this device and then accept cards from customers at your business location through swiped transactions.

Accounts with Global Payments: Global Payments is an international payment gateway that offers credit card processing in over 200 countries around the world. It's ideal for online retailers who want to sell their products or services to customers on other continents.

Accounts with Paypal Here: PayPal Here is a mobile credit card reader like Grindabuck and Square, but you can only accept payments with PayPal accounts. However, there's no setup fee and you can use it anywhere cards are accepted because it works with your phone, tablet, or laptop.

Sponsor Ads

About michael bedwell Advanced   Digital Marketer

14 connections, 0 recommendations, 129 honor points.
Joined APSense since, January 30th, 2021, From Newark, United States.

Created on Dec 7th 2021 10:47. Viewed 178 times.


No comment, be the first to comment.
Please sign in before you comment.