Merchant Accounts

What is a Merchant Bank?

When you open an online store, you may design an ecommerce website, install a shopping cart, and facilitate payment options. On the surface, the process is pretty simple. Your customer visits your online store, puts their items in your online shopping cart, proceeds to checkout, and securely enters their credit card details. Depending on your preference,…

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5 Things to Consider When Getting a Merchant Account

How do you pick a suitable merchant account provider for your business? Here are some tips. Type of business Is your business service-oriented? Do you go to customers or do they come to you? If you have to accept payment in the field, you should consider mobile apps or electronic keypads. These allow the customer…

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Accept Payments and Grow Your Business

Take a moment to think over your activities in the past few days. Maybe even make a special note of anything you bought, whether it was gas for your car or gum before a date. Do your purchases have anything in common, as far as you can tell? Statistically speaking, four out of five purchases…

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A Guide to Merchant Services for Small Businesses

Whether you have just decided to make the leap into accepting credit cards for your small business, or are still on the fence about it, this short guide can help you find the right direction. We’ve compiled a comprehensive guide to equip you with all the tools and information you need to find the best…

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Choosing the Right Merchant Processing Company

Every business choice you make affects your bottom line, but the two keenest ones are selling more and spending less. These are the bedrock of successful trade in any industry. Ideally, you want to cut costs without reducing quality. One of the ways you can do this is through your chosen payment option. You want…

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Choosing the Right Merchant Account Provider

Finding the best merchant processing company to suit your small business will take time. Each merchant processor has different features and benefits to offer and only after weighing up several options will you find the company that offers exactly what you need. Maybe you’re an eCommerce business that operates exclusively online, so you want a…

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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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