Press Release Summary = Accept credit cards on the internet, over the phone, or fax, everything you need to easily build an online business
Press Release Body = Credit cards are one of the most preferred forms and a fast, safe and instant method of payments these days. A businessman who is not accepting credit cards is losing out on a large number of customers. But to do this he should have a merchant account. A merchant account is necessary if a person wishes to accept credit cards. Merchant-accounts.com is the site that offers information about merchant accounts and credit card machines.
To accept credit card the seller should have a merchant account. Many banks offer these merchant accounts. When a person applies for a merchant account the bank checks the past sales record and the overall financial health of the businessman including the credit card record. To accept credit cards the bank follows a certain process. The buyer's bank transfers the money in the merchant's account after the completion of the sale. The bank then takes the money from the customer.
For these services the merchant pays the bank with some fees and commission. It charges a commission of 1.5% to 5 % of each transaction, an initial set up fee along with a pre-transaction fee. Other additional fees are a monthly support or equipment rental fees for credit card terminal. The fee of the merchant account depends on the total volume of sales along with the average transaction amount.
Once the merchant account is created the seller should have a form on his website to get buyer's credit card information. The next step is to purchase a credit card processing service that will do the processing of the credit cards. The site should be set up on a Secure Sockets Layer (SSL) so that the customers experience a safe and secure shopping experience.
A merchant with a retail store can accept the credit cards with the help of the credit card terminal. When the buyer swipes the credit cards through the credit card terminal, the credit card machine contacts the issuing bank to permit the transaction. Credit card processing machines thus assures the sellers about the payments.
Merchant Accounts offers one of the best credit card processing solutions. We also offer the lowest price guarantee with excellent customer support. We are the foremost credit card acceptance services in America. Our merchant accounts help businesses to accept credit cards & debit cards at the lowest possible cost. Visit our site www.merchant-accounts.com and find the best merchant services online.
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