Merchant Accounts

Studies Show Credit Cards Increase Spending

Multiple scientific studies have confirmed that customers will spend more when given the option to pay by credit card. In one 2001 study a pair on MIT professors named Duncan Simester and Drazen Prelec ran an auction for Celtics tickets, requiring half of the participants to pay with cash and half with credit cards. On…

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Do You Really Need a Merchant Account?

If you sell any product or service and if you want your business to flourish, a merchant account is practically mandatory. But what exactly is a merchant account? It is a type of banking account that allows businesses to accept predominantly debit and credit card payments. A merchant account opened is under an agreement between…

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How to Accept Credit Cards Online, In-Store or Anywhere

More than 50 percent of small businesses in the U.S. don’t accept credit cards, despite credit card payments being standard practice these days. One reason why is that accepting credit cards might seem daunting, confusing or costly to merchants. But equipping your business with the facilities to accept credit card payments is not complicated. And…

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What is the Difference between a Chargeback and a Refund?

The difference between a chargeback and a refund might be blurred, but it is important for merchants to understand. Practically all merchants want to avoid both chargebacks and refunds, since they both translate into the same thing: loss of money. However, knowing more about their differences will show that granting a refund is far more…

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A Merchant Account That’s Right For Your Small Business

A merchant account is a kind of bank account that allows your business to accept credit or debit card payments. You must have a merchant account provider to open the account for you and provide the necessary services for maintaining your account. So the important decision is choosing a merchant account provider that’s right for…

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Merchant Accounts vs Payment Gateways

When customers make a purchase online, it’s still a lot like buying something in a physical store in some ways. Your customer selects your item, puts it in their shopping cart, goes to the cashier, makes their payment, and receives their item. The main difference with virtual shopping is, of course, that they don’t need…

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5 Smart Tips on Choosing the Best Merchant Account

Check their pricing You’re running a business, so you want to keep your costs as low as possible. Look for a payment processor that guarantees the lowest cost. Find out their turnaround time Speed is essential in online payments. Delays at the bank level can affect your cash flow, and delays at the customer level…

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Grow Your Business with Credit Card Merchant Services

Are you still counting out coins whenever your customers purchase your products? If you have not yet made the switch to credit card payments, now is the best time to do so. Consumers are reluctant to carry cash, and virtually everyone prefers to pay using their credit cards these days. What’s more, credit card facilities…

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The Advantages Of Signing Up For A Merchant Account

Cash and checks are losing popularity with the increased availability of credit and debit card payment facilities. A merchant account is an account that allows you to accept payments in a variety of ways, opening up more possibilities and adding value to your business. Signing up for a merchant account has many benefits to offer.…

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