Merchant Services

2007-07-27T00:16:00.000-07:00

Merchant Account Fees To Business Owners
By Debbie Dragon

As a business owner, when you set up a merchant account to
enable your customers the ability to pay for your products or
services using credit cards (or debit cards with a Visa or
Mastercard Logo), you will have some fees associated with the
credit card transactions.

The specific fee amounts that you pay will depend on the
merchant account provider you select to provide your credit card
processing service; however, there is a list of typical fees
that the majority of providers charge business owners in
exchange for the ability to accept credit as payment.

Discount Rates

Visa and MasterCard have what is called “interchange” rates.
They range in price- so in order to make it easier, the merchant
providers created three categories.

Qualified Discount Rate – a percentage is paid from each dollar
charged.
Mid-Qualified Rate – does not apply to merchants that manually
enter transactions.
Non-Qualified Rate – added to the qualified rate n certain
transactions. Also get billed this higher rate if you don’t use
address verification service (AVS) when you manually enter
transactions.

Other fees many merchant account providers charge their
business customers include, but are not limited to the
following:

Reward Cards- most merchant providers charge higher rates if
the consumer pays using a reward card.

Transaction Fees- a specific, flat rate that is paid on every
sale processed through the credit card processor. (Sometimes
the transaction fee is called the interchange fee, authorization
fee, or per inquiry fee).

Address Verification Service (AVS)- merchant account providers
charge a small fee for the validation service to ensure that the
billing address provided in the online checkout process matches
the issuing bank’s records. Not using this service will result
in hefty charges on the processing of the card for that sale.

Batch Fees- most merchant account providers require that
customers close out their transactions a minimum of one time
each day. The batch fee pays for expenses for the gateway or
software that accesses the credit card processing network. If
you don’t have transactions to process, there is no batch fee to
pay.

Monthly Statement or Customer Service Fee – most merchant
account providers charge a monthly fee in order to cover their
monthly costs of operation (paying their customer service team
for example).

Monthly Minimum Fee- some merchant account providers require
you process a minimum amounts of sales per month, or you pay a
monthly minimum. Monthly minimums tend to range between $15 and
$40 per month.

Gateway Fees- for some merchant accounts, there are fees for
internet and mail order merchants to use an internet gateway
service such as Authorize.net, although some merchant providers
will cover this fee on their customer’s behalf as part of the
package deal. If you are solely an internet business, you’ll
want to look for an internet merchant account that includes the
gateway service as part of the package.

Annual Fees- often charged by merchant account providers-
particularly the merchant account providers that offer free
terminal equipment. There are numerous merchant account
providers that do not charge an annual fee, so you may want to
shop around if the first few you look at require an annual fee.
Sometimes it would be cheaper to purchase the equipment than to
pay an ongoing annual fee.

Cancellation/Termination Fees- Most merchant accounts require a
contract agreement of one or two years and if you cancel early,
you are likely to be charged a termination fee.

Chargeback/Retrieval Fees- When a customer requests a refund
(or the customer’s credit card issuer requests a refund),
merchant account providers typically charge a “chargeback” fee.

About the Author: This article has been provided courtesy of
Creditor Web, http://www.creditorweb.com .

Source: http://www.isnare.com

Merchant Services

2007-07-26T05:06:00.000-07:00

Merchant Accounts
By [http://ezinearticles.com/?expert=Marcus_Peterson]Marcus Peterson

An account where merchants can accept credit card payments is known as a merchant account. Merchant accounts can be acquired through credit card companies, banks, or any other payment processor. A merchant wanting to take credit card payments must have a merchant account.

There are three major forms of merchant accounts. One is the retail merchant account. This account generally offers the lowest transaction fees, but often comes with stringent rules. Retail merchant accounts mostly require credit card sales be done with the "card present." In other words, the card has to be swiped through a credit card terminal for the transaction to take place. Retail merchant accounts are usually linked with restaurants, small hotels and grocery stores. Retail merchant accounts are not suited for merchants who want to conduct business through the Internet or the mail.

Mail Order Telephone Order (MOTO) accounts generally charge higher transaction rates; these accounts are used when the credit cards cannot be physically utilized. In this case, merchants process the payments by entering the customer’s credit card data onto a personal computer, or through a standard web browser, where they can process the transaction on the payment service provider's website.

Internet merchant accounts are quite similar to MOTO accounts in that the credit card need not be physically used. However, these transactions can only be done through the Internet. Merchants with Internet accounts employ a payment service gateway or a virtual terminal to process credit card transactions.

It is imperative to choose the appropriate form of merchant account for the business you are conducting. Also, it is wise to carefully go through the terms of service of the providers, as many charge a fortune and have strict rules. [http://www.z-MerchantAccounts.com]Merchant Accounts provides detailed information on Merchant Accounts, Credit Card Merchant Accounts, Internet Merchant Accounts, About High Risk Merchant Accounts and more. Merchant Accounts is affiliated with [http://www.merchantservices-web.com]Internet Merchant Services.

Article Source: http://EzineArticles.com/?expert=Marcus_Peterson http://EzineArticles.com/?Merchant-Accounts&id=251460

Merchant Services

2007-07-24T04:51:00.000-07:00

Merchant Account Fees: Are They Worth It?
By Debbie Dragon

Merchant account services are the services that allow you to
accept credit cards as payments, both online and off, and help
you handle the credit card transaction processing. Without
merchant accounts, your customers would have to pay with cash or
check- and believe it or not, most customers will spend more if
they can swipe their card and worry about the bill later.

The Cost of Accepting Credit Cards

Merchant accounts can be costly. There are numerous providers
of merchant accounts that are reputable and offer good value for
their service- but there are even more providers of merchant
accounts that charge excessive fees and have hidden expenses
that you were not aware of when agreeing to use their service to
accept credit cards online.

Fees range from per transaction fees (usually a percentage or a
few cents on each card processed) to monthly or annual
maintenance fees that can range from a few dollars to a few
hundred dollars.

Online Businesses Need Merchant Accounts

Online merchant accounts are crucial to having a successful
online business venture. Consider it from the eyes of a
customer: if you were on a website, looking to buy a widget,
would you want to take the time to mail a check or money order,
or do you plan on making a purchase right then with your debit
or credit card? Most people don’t want to take the time to
write and mail a check or money order for an online purchase-
not having the ability to accept credit or debit cards will
severely hurt your business as an online merchant.

As the merchant, credit and debit cards make your life easier,
as well. You get your money much faster than waiting for a
customer to write and mail a check or money order; and you don’t
have to wait for the payment to clear the bank before you can
mail out their purchase. Credit card payments offer you payment
within a day or two of the customer putting in the card details.

Deciding if a Merchant Account is Worth the Fees

So are the fees that are paid for merchant accounts worth the
value the accounts provide your business? It all depends on the
type of business you are operating and the volume of sales you
process on a given month, as well as the merchant account
provider you choose to go with. Merchant account providers are
not a one-size-fits-all solution for every business, and you
really need to do a little research before selecting a provider.

Consider the per transaction fee, the application fee, monthly
maintenance fee, set up fee, and any annual membership charges
you must pay. Do you have to purchase or lease any special
equipment? Is the software for processing online credit card
payments included in the service, or is that an additional fee?

Once you have that information for a few different merchant
account providers, you can determine what you believe your
credit card sales will be each month. This may be difficult to
do, but make your best estimate based on your current level of
sales and the idea that people typically spend more with a
credit card than they do with cash.

Determine what fees you’ll pay on your estimated amount of
sales each month, and see if it makes sense to pay for a
merchant account. As mentioned previously, if your plan is to
operate an online business- you really need a way to accept
credit card payments online in order to become successful.

About the Author: This article has been provided courtesy of
Creditor Web, http://www.creditorweb.com .

Source: http://www.isnare.com

Merchant Services

2007-07-23T02:47:00.000-07:00

Find The Best Merchant Account
By Dane Collins

Do you know where to find the best merchant account? If so, you
probably already have one. If not, maybe it’s time to find out.
A merchant account can open the door to e-commerce and position
your company for unprecedented growth. The chief benefit sought
by many business owners is the ability to process credit card
payments. Studies suggest that people who pay with plastic tend
to shop often and spend more. You can take advantage of this
trend with a merchant account from a reliable lender.

Plenty of well-known or highly ranked banks and financial
institutions offer what some consider as the best merchant
account. Since not all of them can be the best, however, it’s
really up to the client—that’s you—to decide which account plan
will best help your business to grow. Much will depend on the
fees involved with various services. For example, some lenders
charge application fees while others do not. Other lenders
expect you to pay annual membership fees. It is a good idea to
check out the price lists at each lender’s site or to discuss
these with an account representative before signing a contract.
Some lenders are known for implementing a terrific credit
processor with a combination terminal and printer. Others might
be more widely recognized for their ability to support an
Internet site that accepts credit payments. However, you might
be more interested in a telephone ordering system with credit
card payment options that will facilitate customer access to
goods and services.

Whatever your credit processing needs, the best merchant
account is the one that will help your company develop its
potential. You need a company that is not too far above you to
treat your business as a valuable client. You also want a lender
with helpful customer support personnel who are available to
answer questions and provide guidance when needed. You don’t
want to wait on the telephone for 15 and 20 minutes for someone
to take you off hold. Nor do you want to have fees increased
unexpectedly so that your company’s budget must strain to meet
payments.

The best merchant account is the one that you can trust to
protect your company’s interests. You need a dependable provider
who can offer quality equipment and reliable support or
maintenance if needed. Your lender should be able to offer
reasonable account fees and secure transmission on all customer
transactions. When you look good, your lender looks good, and
the customer benefits most from this type of positive win-win
relationship.

To find the best merchant account, you may want to ask other
business owners to recommend a lender they have worked with. Or
you can browse testimonials on the Internet or in chat rooms.
Never sign up with a merchant account lender who seems
suspicious or about whom you know little. Your business is too
valuable to take chance on losing all with an unknown
underwriter who may be here today and gone tomorrow, so hold out
to find the very best merchant account.

About the Author: Dane Collins is with Merchant Digital
http://www.merchantdigital.com a nationally recognized merchant
account provider. Start accepting credit cards today:
http://www.merchantdigital.com

Source: http://www.isnare.com

Merchant Services

2007-07-20T00:14:00.000-07:00

Merchant Services

2007-07-19T23:52:00.000-07:00

Merchant Credit Card Services
By [http://ezinearticles.com/?expert=Alison_Cole]Alison Cole

Studies have shown that you can increase your business sales manifold if you accept credit card payments from your customers. This is because most people are not like to carry cash around, and so using their debit card or credit card is their preferred mode of payment. Suppose, you own an online store where people can make orders by the click of the mouse. It follows naturally that you should be also in a position to accept credit card payments online. Then there may be situations where the people would prefer to make their orders by phone. There are companies that give a toll free number and the people can place their orders and give their credit card information based on voice prompts.

To accept credit card payments, you need to have an online merchant account with any financial institution, bank, or acquiring institutions. These institutions will deposit the money accepted through a website into your account. Apart from getting a merchant account, you must also get a payment gateway. As the name itself suggests, the payment gateway is a gateway, actually a code, which processes and validates the credit card information by sending the information provided to the credit card company and gets an accept or decline message. On getting the accept message, the gateway then transmits the amount from the website to the merchant account.

Address verification is the most important aspect of credit card services, as it is essential to fight against credit card fraud. Some credit card companies ask for the CID or the credit card identification digits.

Software such as the IC Verify (DOS winpopup), PCAuthorize (Windows), or MacAuthorize (Mac) These software are required to process the credit cards.

As a merchant, you can accept credit card information on your own website or on the website of the acquiring institutions, with whom you have your merchant account. These institutions charge a nominal fee for their services, but the increase in sales is well worth the investment. [http://www.MerchantServices-Web.com]Merchant Services provides detailed information about merchant services, e-commerce merchant services, high risk merchant accounts, internet merchant services and more. Merchant Services is the sister site of [http://www.e-TelecomAudits.com]Telecom Audits Info.

Article Source: http://EzineArticles.com/?expert=Alison_Cole http://EzineArticles.com/?Merchant-Credit-Card-Services&id=144902

Merchant Services

2007-07-18T04:54:00.000-07:00

Merchant Credit Card Terminals
By [http://ezinearticles.com/?expert=Kent_Pinkerton]Kent Pinkerton

Merchant credit card terminals are electronic devices offering fast, low-cost means to authorize and process credit card transactions. They are very commonly used in retail stores and restaurants. Most merchant credit card terminals accept all major credit, debit, and private-label cards offering low-cost credit card authorization, check guarantee, and data capture for a range of retail applications.

A terminal to process credit cards is a great investment to your business. Most merchant credit card terminals support Internet-based services such as e-mail, electronic signature, interactive electronic coupons, on screen advertising, cash management reporting, and e-commerce. They make transactions more convenient, faster, and accurate for both customers and merchants.

At first, merchant credit card processing terminals verify your customer's card information. Then they withdraw money for the purchase from the customer?s account and deposit it directly into your merchant account. The most important units of merchant credit card terminals are card readers with a small keypad and display. They require power supply and can communicate through a telephone line. Modern terminals are powered by batteries and can communicate wireless or over the Internet. They come in several sizes and prices.

There are many types of merchant credit card terminals: traditional terminals (with or without printers), wireless terminals, and virtual or software-based terminals. Merchants with a permanent place of business need a basic card reader terminal. In this case, the terminal is placed right on the counter where all transactions take place. For businesses that constantly change locations, a wireless credit card processing terminal is a good choice. It is suitable for merchants who are always on the go.

Millions of merchant credit card terminals ship annually and the majority have the same basic functions and features. It can only be used in combination with a merchant account that processes credit card transactions. Businesses already using credit card terminals need to buy extra equipments to maintain additional services such as debit card transactions and issuing and accepting gift cards. A number of terminals also support additional forms of payment such as electronic bank transfers and phone cards. [http://www.e-CreditCardTerminals.com]Credit Card Terminals provides detailed information on Credit Card Terminals, Credit Card Terminal Systems, Wireless Credit Card Terminals, Credit Card Processing Terminals and more. Credit Card Terminals is affiliated with [http://www.i-CreditCardProcessing.com]Credit Card Processing Software.

Article Source: http://EzineArticles.com/?expert=Kent_Pinkerton http://EzineArticles.com/?Merchant-Credit-Card-Terminals&id=353177

Merchant Account

2007-07-13T00:59:00.000-07:00

Internet Merchant Accounts
By [http://ezinearticles.com/?expert=Seth_Miller]Seth Miller

A merchant account enables one to accept credit card payments. There are different kinds of merchant accounts, and Internet merchant accounts are one of them.

Such accounts can be used only for online transactions. To process credit card payments one has to use a payment service gateway. These kinds of gateways are now part of most business webhosting packages. They can be customized to cater to the requirements of merchants. The transaction fee charged by Internet accounts is higher than the retail and Mail Order-Telephone Order (MOTO) accounts.

While operating an Internet merchant account, security is an important issue. The nature and volume of business determines whether you need an Internet merchant account or not. One should read and understand the terms and conditions for operating this account carefully, before accepting them.

If you have $100, you can easily open an Internet merchant account; if you are paying more than this amount then you are being overcharged. Internet merchant accounts provide an account holder the ability to process transactions anywhere in the world. You can do it while traveling.

An Internet merchant account can be opened in a few minutes by filling out a form which is available online. It gets activated within seconds. Earlier, when online merchant accounts were not available, it used to take at least a few days and a few hundred dollars to open a merchant account. But the advent of the Internet merchant account has revolutionized the concept of merchant accounts. Even small businesses can afford to open such accounts. If you have a problem in operating your Internet merchant account, you can use the technical support made available by your banker.

But before you go for an online merchant account, you must find out whether you actually need it. Businesses dependent on online transactions generally find it beneficial. It is better to have a website before one opens an Internet merchant account. [http://www.e-InternetMerchantAccounts.com]Internet Merchant Accounts provides detailed information on Internet Merchant Accounts, Free Internet Merchant Accounts, Ecommerce Internet Merchant Accounts, Internet Merchant Credit Card Accounts and more. Internet Merchant Accounts is affiliated with [http://www.e-CommerceMerchantAccounts.com]International Ecommerce Merchant Accounts.

Article Source: http://EzineArticles.com/?expert=Seth_Miller http://EzineArticles.com/?Internet-Merchant-Accounts&id=247687

Merchant Services

2007-07-12T02:57:00.000-07:00

Merchant Account Service Providers
By [http://ezinearticles.com/?expert=Alison_Cole]Alison Cole

A merchant account service provider is an organization with the ability to set up a merchant account on a business’ behalf. The most common providers are banks. However, the truth is that banks are not comfortable with transactions that take place without the physical presence of a credit card.

When credit card information is received through telephone, Internet or mail order, there is little evidence that the data is valid or that the customer is allowed to use the card. This very possibility for fraud is why banks characteristically need a big security deposit before it issues a merchant account ID.

Banks are also hesitant to issue merchant accounts to businesses with no credit history or, for that matter, businesses with poor credit history. Also, there may be other criteria which smaller businesses may find difficult to carry out.

Generally, several banks regard Internet-based businesses as being too risky and do not offer Internet merchant accounts. Banks also have stringent rules regarding chargebacks (credit card payments disputed by customers), and can actually terminate a merchant account if chargebacks go over a specific percentage of total transactions.

However, there are third-party Internet merchant account service providers that are less strict than banks. These service providers will simply take the business information and establish an account.

They allege to have high frequency of qualifying their clients despite the nature of the business - even though some will not handle adult sites and gambling - and most do without a security deposit. A retailer unable to meet the demands of the bank would have no alternative but use these sorts of services.

There are a plethora of services available, so it becomes imperative to research and compare each service thoroughly. [http://www.e-MerchantAccountProviders.com]Merchant Account Providers provides detailed information on Merchant Account Providers, Internet Merchant Account Provider, Merchant Account Service Providers, Become a Merchant Account Provider and more. Merchant Account Providers is affiliated with [http://www.e-FreeChat.com]Free Webcam Chat.

Article Source: http://EzineArticles.com/?expert=Alison_Cole http://EzineArticles.com/?Merchant-Account-Service-Providers&id=272614

Merchant Account

2007-07-10T04:58:00.000-07:00

Minimum Credit Card Payments To Rise
By Charles Essmeier

For years, major credit card companies have allowed cardholders
to make minimum payments of 2% of the outstanding balances on
their credit cards. Having customers pay the minimum doesn’t
reduce the balance by very much, but when the 18-30% interest
rates that many credit cards charge is applied, the result is a
profitable ones for the banks that issue credit cards. A balance
of $1000 can take nine years to pay off at 20% interest if the
borrower only pays the minimum due each month.

Clearly, it is not in the best interests of consumers to pay
the minimum every month. But tens of thousands of Americans do
just that, carrying huge balances and paying the minimum every
month. The average household now carries $10,000 in credit card
debt; for many people, paying the minimum is all they can
manage. Due to changes in Federal law, several major credit
card issuing banks will soon raise the minimum amount due to
4%. This might seem like a small increase, but if you are
already deep in debt and paying the minimum amount, this could
cause your payments to double. If you have a $10,000 balance
and you are paying $200 per month, you will soon need to come
up with $400 instead. Many people will find this impossible to
do, as they are already paying as much as they can. What
solutions are available?

The usual common sense rules of credit card use apply here.
Stop using your credit cards. See if you can consolidate your
debt on another credit card with lower interest. See if you can
cut out some unnecessary expenses in order to free up some more
money to pay your balance. Consider a home equity loan to
consolidate your debt. Call your card issuing bank and see if
they can work out repayment plan or lower your interest rate.
There are numerous solutions available, but card holders need
to be aware that the minimum payment is rising, and it isn’t
going to come back down. By charging a 4% minimum, the credit
card issuing banks are hoping that consumers will pay off their
debt a bit sooner and that fewer consumers will find themselves
in a situation where filing for bankruptcy is the only
solution. And once October comes around, even filing for
bankruptcy will be more difficult. Credit card holders with
large balances on their accounts should give considerable
thought to reducing their debt now, as payment options and
requirements are going to be more strict from now on.

About the Author: ©Copyright 2005 by Retro Marketing. Charles
Essmeier is the owner of Retro Marketing, a firm devoted to
informational Websites, including http://www.End-Your-Debt.com,
a site devoted to debt consolidation and credit counseling, and
http://www.StructuredSettlementHelp.com, a site devoted to
information regarding structured settlements.

Source: http://www.isnare.com

Merchant Services

2007-07-09T03:47:00.000-07:00

Merchant Account Services
By [http://ezinearticles.com/?expert=Alison_Cole]Alison Cole

Check out any store and you will find that people no longer find it viable to make payments in cash. The preferred mode of payment is the debit card or the credit card. No matter what your business, the best way to stay ahead is to give the customers the ease of making the payment in the mode they choose. This means if they don’t want to pay cash, you must have the provisions to accept credit card payments. In fact studies have shown that accepting credit payments can increase your sales manifold. To accept credit card payments, you will need an online merchant account with a bank, financial institution, or acquiring institutions. All these institutions charge a minimal amount of fees for their services, but then the fee is well worth the improvement in your business.

Your financial or acquiring institution should be able to provide a number of services. First and foremost they should be able to provide you personalized services in setting up your account. Your merchant account should have facilities for online trading, as also taking orders on the phone.

Now, suppose your business is an online store. This means, your customers can make orders merely by the click of a mouse. They can make their payments online through credit card. For this, there will be a form in which they will submit their details including that of their credit card. To accept online payment, you can link your account to any of the Internet gateway solution providers, which include Verisign, Orbital, or Fast Transact. You can link your order forms to these gateway companies, who will then process the transactions.

Then there is the phone line processing services. That means the customers can dial a toll free number, and provide the requisite information based on the voice prompts.

Another service is the POS (Credit card service), which enables you to take orders over the phone and fax and process them through a terminal machine.

You also have the option of a computer software program that can store your customer’s details, as these are beneficial for recurring payments. [http://www.MerchantServices-Web.com]Merchant Services provides detailed information about merchant services, e-commerce merchant services, high risk merchant accounts, internet merchant services and more. Merchant Services is the sister site of [http://www.e-TelecomAudits.com]Telecom Audits Info.

Article Source: http://EzineArticles.com/?expert=Alison_Cole http://EzineArticles.com/?Merchant-Account-Services&id=144901

Merchant Account

2007-07-06T04:03:00.000-07:00

Merchant Account

2007-07-04T04:16:00.000-07:00

Accept Credit Card Merchant Account
By Shane Penrod

If you’re looking to expand your business, you can soon accept
credit card merchant account payments by applying for a
merchant services account. Many lenders and financial
institutions are eager to provide this account to responsible
entrepreneurs who seek to provide credit card payment options
at their business. Whether you sell products from your home,
travel around to provide consulting or training services, or
conduct business solely over the Internet, a merchant services
account can help move your company into the e-commerce arena.

When you are ready to accept credit card merchant account
payments for your goods or services, start by shopping for an
established banker or lender that can offer you a merchant
services account. Look for a company that has been in business
for several years and enjoys a good reputation. You may want to
check with the Better Business Bureau to ensure that the company
is not running a scam and that it can provide as well as
maintain the benefits it offers. When you locate two or three
companies that you might want to work with, compare their
terms, prices, and equipment options. These can vary widely, so
first have an idea of what your company and customers need.
Don’t try to bite off more than you can chew by taking on too
much debt at first for equipment you may never or seldom use.
Instead, stay focused on your primary objective, which may be
as basic as processing credit card payments from customers who
stop by your restaurant for a meal. Only when you identify a
real need for additional services should you consider extending
your credit and your budget to buy these things, which might
include a pager, an e-check and debit processor, or a Website
credit payment processor.

If your business continues to grow and you want to accept
credit card merchant account payments on a wider scale, you can
set up a company Website to promote your company and offer
credit card processing options. A Website will let customers
visit any time it is convenient for them to do so, and you
don’t have to maintain a staff person on call to answer
questions. Just add an email option to the site, and your
clients can send questions, orders, or suggestions to you
directly, in addition to making credit card payments on goods
purchased at the Website. The site may include a product or
service description, price list, FAQs, and other relevant
details that will help answer customers’ questions and clear
the way for them to order online. Many people prefer this
shopping method to paying in cash or in person.

Accepting credit card payments can cost as little as a few
cents per transaction or an overall low percentage rate each
month. There may be additional fees, whoever, so be sure to ask
before signing a contract. Inquire about a domain name
registration, hosting fees, and site maintenance service terms.
Then get ready to watch as profits climb when you learn how to
accept credit card merchant account payments online.

About the Author: Shane Penrod is the founder of
Merchant-Account-Quotes.com Specializing in allowing merchants
the ability to shop and compare multiple quotes from national
merchant account providers. For free quotes on merchant account
rates and fees, please go to
http://www.merchant-account-quotes.com

Source: http://www.isnare.com

Merchant Services

2007-05-14T03:33:00.001-07:00

Simple Money Machines - The Review
By Ephigenie Akayo

Have you been trying to start or grow your Online Business but are frustrated about all the hype that are out there? How do the pros make all their money online? Simple, really! The pros spend 10% on technology and 90% of their time sending traffic to their website. Most of them start with affiliate programs, which is the easiest way to start your home business. They then establish a list of satisfied customers, potential clients and qualified leads.

In the past, you needed products or services in order to make money through the Internet. Today however, you can make money through the Internet by using affiliate programs. This program will allow you to make a substantial amount of income out of your website and is a very good home business that you would want to get into first.

Let’s define what affiliate programs is and how it works in order to fully understand how you can make some money out of it. An affiliate programs is basically selling third party products and you get a commission every time you make a sale. In short, it’s like a join venture. You partner with another website that have already developed a product or service that they‘re already selling online. Then your job is to send targeted traffic or visitors of your website to your merchant’s site. (A merchant is any individual or company that sells products or services online).

Most of the time, the company you become affiliated with provides all the necessary tools that you need in order to start the affiliate programs. However in order to fully succeed as an affiliate marketer you need more software to help you manage your programs. And of course the more software you need, the more money you spend on them and the more time you must put in to learn how to use them. Remember, like they say in America – Time is Money!

After researching, testing, tracking, making mistakes, I know what the crucial tools for your online affiliate programs are; and Simple Money Machines has all the tools you will need to succeed as an internet affiliate marketer.

Introducing the Simple Money Machines! It’s all the technology you need to make money online, rolled into one, simple, easy-to-use, hosted application. There is no need to hire the expensive webmaster or go through the long process of learning HTML, or FTP, or purchasing and learning multiple software packages, and then try to make all of them work together. It’s written in plain language and requires only simple skills. If you can point and click, then you’re already ahead of the online business money making game. Note: if you’re a technology nerd, then Simple Money Machines might not be for you.

The Simple Money Machines is the new platform technology that allows a totally non-technical person to setup a complete online business. There is no hosting accounts to setup and manage, no back ups to worry about and no software to update. You just login into your Simple Money Machines account and run your online business in no time.

The Simple Money Machines solves the problem and it includes accurate testing before going live on the Internet.

Here is just a little bit of what the Simple Money Machines includes:

•Auto-responder so you can capture email address, build your own list and send promotions. This is very important. Bear in mind that the money is in the “list”. It follows a set sequence of mailings, developed by you to ensure time promotion for your different marketing campaigns.

•Headline generator to create effective headlines

•Web page video to deeply increase conversions

•Webpage audio to increase site conversion

•Split-testing: allows you to track conversion

•Opt-In Page also known as a Squeeze Page. It’s a very great way to develop an email list.

•Traffic tracking software that lets you analyze the source and costs of different traffic options

•Credit card processing and tracking

•Dashboards to track and report visitors, conversions and financial results

I am not here to hide anything from you and I truly want you to have all the tools you need to start building a real home-based online business. Running affiliate programs is not rocket science. However without the right software in place to help you run your internet business effectively, you struggle and fight because of all the technology needed to help you keep things in more manageable way.

Go ahead and check out Simple Money Machines. It costs you less than a cup of coffee a day to give it a try. It comes with 3 or 10 machines that you can put to work right away and start making money in less than 30 days.

“Finally, a simple Internet Marketing Business in a-Box (Simple Money Machines) is available to show you Step-By-Step How to Make your first 50,000 thousand dollars online – 100% guaranteed. I have been using the Simple Money Machines for few months now and I am loving it. Find out more here:

http://instant-website.smmsite.com/1158

Article Source: http://EzineArticles.com/?expert=Ephigenie_Akayo
http://EzineArticles.com/?Simple-Money-Machines---The-Review&id=506283

Have you been trying to grow/start your Internet Marketing Business but are frustrated about all the hype that are out there? How do the pros do make all their money online? Simple, really! The pros spend 10% on technology and 90% of their time sending traffic to their websites. They do have established list of satisfied customers, potential customers and qualified leads.

Merchant Services

2007-05-12T01:59:00.001-07:00

Ecommerce Internet Merchant Accounts
By Seth Miller

For Internet-based businesses there is always a need to find an appropriate e-commerce solution. This itself can be a challenging task. The ideal e-commerce solution should facilitate online purchases and payments through credit cards.

The process should be automated, safe and secure, because the credit card information stands chances of being misused by someone who is not authorized to use it.

There are a number of e-commerce solutions available which enable online payments through credit cards. One of them is the Internet merchant account. This account can be opened online within a few minutes. Payments made through credit cards after online shopping get transferred to your Internet merchant account within minutes of the completion of the transaction. However, sometime it may take a bit longer.

While opting for an e-commerce solution through online merchant account, several things have to be kept in mind, such as technical support, security, fees charged for maintaining your account, and commissions on various transactions.

If there is a problem opening a merchant account on the Internet, one can opt for a third-party processing company. This is an Internet merchant account which the company operates on your behalf. The payments made through credit cards for your products or services are transferred to your offline merchant account. There may small fees for opening such accounts, and later a commission is charged on transactions.

Various market surveys have indicated that accepting online payments through credit cards helps increase sales. This clearly implies that if you haven’t got an e-commerce solution for your business, you’d better start looking for one. You can start an Internet merchant account by filling out a simple online form and spending around 100 dollars or so.

Internet Merchant Accounts provides detailed information on Internet Merchant Accounts, Free Internet Merchant Accounts, Ecommerce Internet Merchant Accounts, Internet Merchant Credit Card Accounts and more. Internet Merchant Accounts is affiliated with International Ecommerce Merchant Accounts.

Article Source: http://EzineArticles.com/?expert=Seth_Miller
http://EzineArticles.com/?Ecommerce-Internet-Merchant-Accounts&id=252997

Merchant Account Services

2007-05-11T01:58:00.000-07:00

Are You at Risk for Identity Theft? Learn How to Protect Yourself
By Michelle Dunn

Identity Theft is America’s fastest growing type of robbery. There have been an estimated 9.9 million victims on America and over 40% of all consumer complaints in the U.S. involve identity theft. About half of the victims do not know how the thief obtained their personal information. The Boston Globe and Newsweek have both covered Identity theft recently telling us how important it is for us to educate ourselves on preventing and protecting ourselves from this type of robbery. Identity theft can happen anytime, anywhere and to anyone, individuals or businesses. Everyone must be educated and aware so it can be avoided. Michael Blanchard, US Postal Inspector says postal money orders and business or certified checks are one way you can be at risk. Most identity theft involves the U.S. Mail which is why the U.S. Postal Inspection Service is a lead agency in investigating Identity Theft. Identity Theft is a criminal offense.

Some scams are internet related, you go into a chat room and chat with people there, someone approaches you as a friend, or about an auction. You become comfortable with these people you are chatting with and start a “friendship”. The person who has befriended you may tell you such things as, “I am in the Peace Corp, and I have a money order that I can’t cash where I am”, which is Lagos or Nigeria. They might ask you if they send you the money order, if you will cash it and send them the money. This is a scam. The money order you receive can be fraudulent, once you cash and send the money you are out this money once the bank realizes the money order was no good.

Another scenario might be if you sell items at online auctions. Someone may email you about your item that is for sale. They will tell you they want to purchase your item, and they are in Nigeria so they will send you extra money to pay for a shipper to send the item to them. They will send you a counterfeit money order or check and ask you to cash the check and wire the extra money to them so they can pay the shippers to ship your item. They may even ask you to go to a bank to cash the money order rather than the post office. The reason for this is that the post office has a machine that can tell if the money order is fake, and they have much more experience with money orders than banks.
Many of these types of scams originate in Nigeria, London and Toronto. If you are aware of this, you can prevent this from happening to you. Most thieves still obtain personal information through traditional rather than electronic channels. In the cases where the method was known, 68.2% of information was obtained off-line versus only 11.6% obtained online.

If you receive a fraudulent money order and take it to a bank, rather than the post office, a bank can take a month or more before they notify you that the money order is fake. If this happens, you are then responsible for the funds. If you do get caught up in this situation, take your money order to a post office rather than a bank, it is not guaranteeing you will not be “taken” but it lowers your chances.

How can you tell if a money order is fraudulent? Fake money orders do not have a water mark. Hold up the money order to the window or light, can you see the portrait, on the left side? This portrait needs to be backlit by light to be seen and cannot be mimicked. Some producers of fake money orders try to use fake pictures as a water mark; you will be able to tell if you hold it to the light. These money orders are generally printed in Nigeria, they use the same offset press we use to print real money orders, so check your money orders! You can also check for type size, color and fonts. Another step you can take is to call or go online to the Post office and give them the serial number off of the money order; they can tell if it is real. If you receive a counterfeit money order, you will want to give it to the post office or police. Possession of a counterfeit item is a felony.

Other scams include receiving an email or letter stating you have won a lottery, or a prize notification. Some letters or announcements will arrive with a counterfeit check and you pay a processing fee to get the prize. These checks are counterfeit; never send money to anyone who is asking for money from you in order to give you money, whether it is disguised as a prize or lottery. Any prize that requires you to pay anything is no prize.

How do these people get my name? If you have a credit card, your name is sold to third parties, if you do not want this to happen, you must contact your credit card companies to inform them that you do not want your information sold. Check the privacy notice that comes with your bill. If you enter contests, your information becomes public. Also, when you buy a new product, and fill out the warranty cards, those companies sell that information you provide to other companies. Since when does your toaster manufacturer need to know you households’ annual income to extend a warranty on your toaster? Thieves use dumpster digging, phishing, and pharming to obtain your information. Things they steal from your trash include:

• Pre-approved credit card offers – they complete them and have the card sent to them at a different address

• Loan applications- they complete the application and have the money sent to a phony address.

• Bank statements- they then have your bank account number and can print counterfeit checks

Becky Palmer, a Consumer Credit Counselor, knew of someone who had their wallet stolen, and they used the credit card to buy a $5000.00 gift card at Wal mart, this then become very hard to trace.

People that are more at risk are senior citizens, people with disabilities and immigrants, but remember that everyone, including children are at risk. Senior citizens are home all day; they might get a phone call from a fake charity asking for money. Immigrants are desperate for credit, they may have just arrived in the US and know they need credit to do anything and are not aware of these scams. People with disabilities are home, and may become a victim of phone or online fraud. There have also been cases of home care providers taking advantage of their clients. Remember, it is not always a stranger that can steal someone’s identity. Did you know children can be victims of identity theft? This could affect or ruin their credit before they even are able to build up credit for themselves. There have been cases of parents using a child’s name for their electric bill or phone bill when they have bad credit or owe the utility company money. Thieves will obtain the social security number of these children then use that number to get credit cards and rack up purchases.

Some of these scammers will call you and say they are from a fictitious charity. They will offer to have your contribution automatically deducted from your checking account and will ask for your routing number, bank name, and account number. DO NOT GIVE OUT THIS INFORMATION! If you pick up a call from a telemarketer, ask them the following questions and if they are a fraud, they will hang up quickly.

• Who do you work for? They will try to give you the name of the fake charity here, so ask them “who pays your salary?”

• How much of my donation (percentage) goes to this charity and what is the rest of the money used for?” If they are for real, they can easily give you this information.

• What is the charity’s full name, address and phone number?

Once you have the above information you can check with the state attorney generals’ office or secretary of state to see if the charity is registered. Also check the charity’s rating thru the Better Business Bureau at www.give.org.

How can I prevent Identity theft from happening to me? Never leave your receipt or slip in the ATM or gas pump. Pay attention to your habits, lock up or organize and file your bills, and bank statements. Shred them using a cross shredder before throwing them away.

In a recent article in MSN Money their research showed that 32% of people said they had been a victim of identity fraud by a friend or family, and 13% were victimized by a co-worker. Beware! These people know your patterns and habits.

Some steps you can take to avoid becoming a victim of Identity theft are:

Get a copy of your credit report from all three credit bureaus. (FREE as of 9/1/05!)

Experien, PO Box 2002, Allen TX 75013 www.experian.com 888-397-3742

Equifax, PO Box 740241, Atlanta, GA 30348 www.equifax.com 800-685-1111

Trans Union, PO Box 4000, Chester, PA 19016 www.transunion.com 866-887-2673

Opt out of mailing lists by contacting the credit bureaus above.

Opt out by reading the privacy notice that comes with your credit card and following the instructions.

Call the national Do Not Call Registry at 1-888-382-1222 or visit www.donotcall.gov be sure to call from the number you want to register

Do not carry your Social Security Card in your wallet

Do not print your Social security number on your checks

Do not get your social security number printed on your drivers’ license

Do not carry your medicade card with you, Medicade #’s are your Social security number

Delete any emails from Nigeria, or lottery or prize notifications before opening

Stop credit card offers 888-5-OPT-OUT

Remove your name from national mailing lists by visiting www.the-dma.org or write to:

Mail Preference Service

PO Box 643

Carmel, NY 10512

Install firewall and virus protection software on your computer

Password protect your computer and private personal files

Format your hard drive or physically destroy when disposing of your old computer

When you order new checks, get your first initial printed on them instead of your first name

Use a cross shredder to shred your bills and bank statements or any junk mail

Bring your mail to the post office or secure mail box rather than leaving it in a rural box.

Use only one designated credit card for online purchases

Be sure all online purchases are made through a secure server – notice the “lock” icon and how the URL address changes from http to https. The S means SECURE.

Do not carry your PIN # in your wallet

Do not use your date of birth as a password or PIN.

Do not give out personal or financial information over the phone.

Grind up or shred back up CD’s you are throwing away.

Check your online banking account at least 3 times a week and change your password often.

There is a new bill that is being passes, it is a very weak bill but if passed, it will prohibit using a social security number for identification purposes. This bill should take affect in 2006.

If you feel you have been a victim of identity fraud, contact the Department of Justice, consumer protection division. They offer mediation with identity theft; they also have a hot line for consumers that is available 8-5 Monday – Friday. They maintain a database of written complaints that goes back to 1998. They offer seminars to school, seniors or your group.

Be aware that 40 million crooks obtained credit card numbers this past year, “Be Suspicious”. Also be aware that most identify theft is not reported, especially when it involves family members, so the statistics are off. These statistics show that consumers lost $5 billion last year when in actuality it is closer to $50 billion. There have been an estimated 9.9 million victims in America.

What can I do if I am already a victim of ID theft?

• Contact the fraud departments of the three major credit bureaus, to place a fraud alert on your credit file.

• Close all accounts that have been affected and request copies of fraud-dispute forms and complete and return immediately. Keep copies!

• File a police report in each jurisdiction the theft occurred

• Send copies of the report to your creditors or anyone that requires proof of the crime

• File a complaint with the FTC (800-IDTHEFT or www.consumer.gov/idtheft) and Post Office

• Contact the Identity Theft Resource center at 858-693-7935 or www.idtheftcenter.org

• Request a new driver’s license from the state of motor vehicles and have a fraud report attached to your driving record.

• Notify check-verification firms about any fraudulent checks:

International check service 800-526-5380

Telecheck 800-927-0755

Certegy Check Services 800-437-5120

• Call 1-888-CALL-FCC and file a complaint.

• Change your passwords and PIN immediately.

What is “Phishing”?

If you get an email or letter or form that looks like it came from your bank, credit card company, the IRS, online auction or bill pay service asking you to verify information so they can update their records, verify this with your bank or credit card company. Never click on the link in an email; it will take you to a fraudulent website that is disguised to look like the companies. If you call to verify and your bank or credit card company wants this information, give it to them over the phone, if you initiated the call and are sure it is the correct number, or stop by in person if possible.

Warning signs you can look for to identify “Scams”

If someone tells you: “Poor or no credit – No problem!”

Offers you a “Bargain loan”

Rushes you through signing up for anything

Wants you to pay a fee

If a salesman comes to your door and says “I was just in the neighborhood”

Remember, if it sounds too good to be true, it is!

Michelle Dunn has over 17 years experience in credit and debt collection. She is the founder of Never Dunn Publishing, LLC, is a writer, consultant and the Editorial Advisor for Eli Financial Debt Collection Compliance Alert Newsletter. Michelle started M.A.D. Collection Agency and ran is successfully for 7 years. She owns and runs Credit & Collections.com a free online community for credit and business professionals.

She has written 5 books in her Collecting Money Series. For more information on Michelle’s services or to order any of her books please email her at michelle@michelledunn.com or visit http://www.michelledunn.com & http://www.credit-and-collections.com

Article Source: http://EzineArticles.com/?expert=Michelle_Dunn
http://EzineArticles.com/?Are-You-at-Risk-for-Identity-Theft?-Learn-How-to-Protect-Yourself&id=70183

Identity Theft is America’s fastest growing type of robbery. There have been an estimated 9.9 million victims on America and over 40% of all consumer complaints in the U.S. involve identity theft. About half of the victims do not know how the thief obtained their personal information. The Boston Globe and Newsweek have both covered Identity theft recently telling us how important it is for us to educate ourselves on preventing and protecting ourselves from this type of robbery.

Merchant Services

2007-05-10T03:11:00.000-07:00

Merchant Account Basics
16th August 2006
Author: Steve Depraida

A Merchant account is an account at a bank or financial institution that permits you to accept credit card payments. You can acquire a merchant account from a merchant account provider or your bank.

A merchant account helps in boosting your business as when your account can accept credit cards you get instant payments. The whole process of receiving a payment is simplified and speedy, as it takes a lot less time then the conventional method of receiving payments. The whole processing time of credit card payment through the credit card machine or online account is lot shorter than the conventional methods.

If you increase the number of payment options for your customer it helps your business to grow. In case you are an online businessman this option provides the customer ease as well as flexibility of shopping, which in the long run converts into repeat purchases. Today majority of customers prefer credit card payment therefore it makes prudent business sense to opt for merchant account or merchant accounts.

Before establishing a merchant account it is necessary to check the credentials of the merchant account or merchant services Provider Company that is trustworthy and provides secure services. For online businesses real time processing is the best solution as the charge from the client's card is processed swiftly when the client places the order. The client or customer gets an email stating that the order has been processed and the money transfer is approved by the credit card company.

The credit card companies charge different fees for the credit card processing. The companies may charge an application fee, a monthly statement fee, an annual fee, a discount fee etc. The credit card company charges a transaction or the processing fee for each transaction that takes place. As different merchant account services charge different fees it is advisable that a thorough study is made before deciding which credit card processing company you choose. Make a monthly estimate of the current sales figure and project expenses.

Merchant accounts, is one of the largest merchant account processor in USA. It provides one of the best credit card processing solutions and efficient round the clock service. The main distinguishing features are a 90 day price match offer, same day approval for merchant account, instant online applications, no early cancellation fees, good quality credit card machines and terminal solutions.

Visit the site if you want to avail the merchant account services from http://www.merchant-accounts.com, one of the best credit card processing companies in USA.

This article is free for republishing
Source: http://www.articlealley.com/article_81901_19.html

Merchant Services

2007-05-09T04:45:00.000-07:00

Overview of the Credit Card Machines by steve depradia

Credit card machines can be seen everywhere in a restaurant, retail shop or a shopping mall. These small machines help businesses to process credit cards safely and efficiently. These {a href = http://www.merchant-accounts.com/merchant_account_swipe_terminals_printers.htm} credit card machines don't cost much but the impact of these little wonders on a business is tremendous. Invest in a good credit card machines and if you have a merchant account you are all set to accept credit cards.

Credit Card Processing Machines are Essential

* Most of the merchant account services charge extra money for keyed in transaction as compared to swiped charges. If you have an old machine that is not reading the cards properly you may be unnecessarily paying more money.

* An old credit card machine is not able to read debit card transactions it is therefore necessary to invest in new credit card machines.

* Credit card machines save valuable counter space.

* Credit card machines help in increasing the cash flow by greatly reducing the payment time.

Different Types of Credit Card Machines:

There are different types of credit card machines available, choose one according to your budget and requirements. All these machines have their advantages and disadvantages; consider both while making your choice.

* Basic Credit card machines These machines are the cheapest of the lot and are very affordable but are a somewhat bulky in appearance.

* Credit card machines with printers These machines are combo machines with printer attached. These machines come in sleek designs.

* Wireless Credit card machines or Pin pads These credit card machines are as the name suggests wireless.

Merchant accounts.com is the site that provides information about merchant accountand lists machines that accept credit card transaction. There are many credit card machines on offer and the latest being The Hypercom T7 Plus, a great machine with either an AMS retail merchant account or mail order merchant account. This product is equipped with a sure load thermal printer that eliminates paper jamming. Visit the site www.merchant-accounts.com to get more information about the different services and products being offered and choose the one that suits you. There are many latest credit card machines being offered on the site, choose the one that has the features you were looking for in a {a href= http://www.merchant-accounts.com/credit_card_processing_pos_software.htm} credit card processing. These machines will give boost to your business by providing easy cash flow and safe and speedy payment solution.
About the Author

Mr.steve depradia is a very well know author who writes article for www.merchant-accounts.com

Merchant Services

2007-05-08T03:43:00.000-07:00

How To Comprehend Merchant Service Provider Rates
By: Jim Saka

If you have an online business today, you are well aware of the necessity to have a merchant service of some kind. Being able to accept credit cards online makes it convenient for customers and allows them to feel secure about their purchase with a credit card. For the merchant, it is vital that you are well aware of the merchant service provider rates. Otherwise, it can be easy to spend an arm and a leg on a merchant service.

The first part to understanding your merchant service provider's rates is knowing the classifications of each transaction. Each transaction will fall into the category of either qualified, midqualified or nonqualified. There are several ways the classification is determined, including the Visa/MasterCard regulations, the category of credit card used, whether the address verification system was used and whether the order was shipped within 24 hours.

If the transaction for whatever reason does not satisfy all conditions set by the Visa/MasterCard regulations, the transaction falls into the category of either midqualified or nonqualified. Another way the transaction can be classified as a nonqualified surcharge is by the category of credit card used. If you use a business card, business cards are considered high-risk, which puts the order into a nonqualified surcharge.

What this means is that your merchant service provider rate will be potentially 1.4% more in surcharges because of it being categorized as nonqualified. To avoid being docked any extra rate for transactions, you will want to talk with your merchant service provider to see the list of determinants that put a transaction into nonqualified.

The rates that you really want to watch for when going through a merchant service provider are the discount rate for each transaction and the per-transaction fee. The discount rate is the percentage applied to the dollar value of each transaction. The per-transaction fee, on the other hand, is a flat fee that is assessed after each transaction.

If you have a qualified transaction, the merchant service provider rates will generally be in your favor. However, the rates will fluctuate and could potentially not be the most cost-effective if the transaction is nonqualified or midqualified.

As you can see, having nonqualified or midqualified surcharges can cause high merchant service provider rates. By being aware of how to stay away from these classifications and assure yourself that you fall into the qualified surcharges, your rates will be much more feasible. All in all, it will make more a convenient way for your customers to make transactions using their credit cards while feeling safe at the same time.

Copyright (c) 2007 Jim Saka

Article Source: http://www.ApprovedArticles.com

For more information about Jim Saka or to find out how your business can can benefit from accepting credit cards online or at a place of business visit United Bank Card's merchant account services websites.

Merchant Account

2007-05-04T03:04:00.000-07:00

Making Money With Other People's Products by Tony Pescatore

Lots of people are now starting to get serious about online businesses and online marketing. For starters this extra income is to supplement their offline full time job. The reason for this is there is a lot of money to be made on the Internet by doing online marketing.

The beauty about making money online is it only requires a fraction of the cost required to set up compared to the actual cost of setting up a business establishment. With the aid of the Internet, you can almost have everything right at your fingertips and everyone who has access to the Internet is your potential customer.

The easiest way to start if you have not got your own product is making money with other people's products. This best way to start and is quite easy to do is affiliate marketing. An affiliate is someone who promotes other people's products and services for the result of a sale or lead that earns a commission. This is a win/win for both the affiliate and retailer alike.

Clickbank is where I usually go to when choosing my affiliate programs; they have thousands of information product vendors. Information products include e-books, audio teleconferences, video tutorials, and software which are all in digital form not physical. When choosing your affiliate program go to Clickbank Marketplace. Commission Junction is also another place you can choose affiliate programs to make money from. Whichever program you choose it should be free.

There is three ways to make money with affiliate marketing programs the first is pay-per-click the affiliate makes money this way whenever he or she directs traffic to the merchant's site. Pay-per-sale is the second way of making money when his or her referral converts into a actual sale and thirdly pay-per-lead is the same as pay-per-sale except the affiliates gets a fix fee whenever his or her referral converts into a lead for the company.

Pay-per-sale commissions I look for is 50% plus not anything under that. When choosing an affiliate program look at the sales page which is the view pitch page at Clickbank. Read the whole lot does it really interest you does it grab the visitor's attention and interest at an emotional level.

Many options available and lots of ways to earn money, affiliate marketing is without doubt the most popular and the easiest way to make money with other people's products online. The amount of money one can get from affiliate marketing actually depends on the affiliate. The more you promote the product the better your chances of making money the best way to start is by writing articles about it and the benefit is it's free to write articles. Additional information on promoting it and choosing the correct program is do a bit of research combined them all and start making money online.

Making Money With Other People's Products
About the Author

Tony Pescatore finds and writes helpful information on topics he believes in. Learn the exact same secret that allows 1 man to get all his Google ads completely FREE go to: Get Google Ads Free Now

Merchant Services

2007-05-03T04:16:00.000-07:00

Using PayPal
By Michael Copper

PayPal is one of the most widely used payment processors online. While it does have some limitations, particularly on where in the world it can be used, this payment service can be a great help to the newbie ebusiness on a budget. It allows newcomers to accept online credit card payments, as well as transfer money to and from bank accounts and other PayPal accounts.
Setting up a PayPal account is free. There are 3 main types of accounts available, Personal, Premier and Business. The Personal account is just that, for personal use, paying for things you buy on Ebay and such. Transactions are free with this type of account, but your options for use are quite limited and it is not an account type suitable for ecommerce.

The Business and Premier accounts are nearly identical, except that the Business account allows multi-user access, while the Premier is exclusive. Both are ideal for ecommerce use and offer unlimited credit card transactions, full merchant services and access to a PayPal ATM debit card that can be used around the world. They also charge a percentage of each transaction, depending on the amount of money being transferred.

For the ecommerce site, PayPal offers a full merchant account with secure servers and anti-fraud protection to help protect both you and your customer. They also have a shopping cart and shopping buttons available on the site. You simply enter the information needed, such as price and product name plus shipping costs, etc. and the site will spit out a piece of HTML code that allows you to place the button on your website for any product desired.

PayPal´s merchant account can be used with several different shopping carts, so if you don’t like the ones they offer on their site, you can easily replace them. Also, the ability to accept credit cards online is a very nice feature that most ebusinesses will appreciate. You can also accept eChecks and direct PayPal to PayPal payments, which expands your payment options quite a bit.

The free merchant account is somewhat limited, but you can upgrade to the Virtual Terminal if you do business in the U.S., which allows you to process credit cards online, by fax and by telephone. This allows a more flexible payment plan both on and offline, ideal for the ecommerce merchant looking to expand offline as well.

PayPal is one of the web’s most accepted payment service options for good reason, they have earned their position. For low fees and easy merchant account setup, they are the ideal solution for a new ecommerce website.

Michael D. Copper
Your Online Business Coach
http://www.course-internet-marketing.com

I've been involved with online and offline business since 1990, my expertise is in marketing and sales, and now offering an online business coaching program associated with David Vallieres. The name of the online course is “Think and Succeed Training Program,” in other words; if you want to make money online, or desire to succeed in a full time online business, then we are here to help you think it through to a successful venture. If you want to succeed in your online business then consider our course, to receive more informatin go our web site. http://www.course-internet-marketing.com/

Article Source: http://EzineArticles.com/?expert=Michael_Copper
http://EzineArticles.com/?Using-PayPal&id=535506

Merchant Services

2007-05-02T04:54:00.000-07:00

Evaluating Merchant Services for Small Business
By Natalie Aranda

The selection of a Merchant Service provider is of utmost importance to the owner of a small business. There is no doubt that it is necessary to have one. The use of credit cards is on the increase. The introduction of debit cards and the wide dispersal of ATM machines has made carrying large sums of cash a less and less attractive option. It is important to understand the complete fee structure of a Merchant Service provider before agreeing to a preset contract arrangement. Although the discount rate is the most important of the fees, hidden and unexpected fees can seriously cut into profits. This could be fatal to the small business owner.

A good Credit Card Merchant Service should act as an extension of your business. The small business owner is used to dealing personally with all aspects of his operation. If the Merchant Service seems distant, complicated, and uninterested in your business, it might be a good idea to keep looking a bit longer. There is a curious mix in the nature of United States Merchant Services in the past years. On the one hand, competition has driven them to lower their rates and increase the quality of their services. This has certainly benefited the small business owner. At the same time, increased scrutiny of individual accounts has created some problems. Some business owners report that their accounts have been suddenly shut down or closed due to extremely good sales increases! This unusual situation has come about due to worries about illegal transactions, homeland security, and even money laundering.

Offshore Merchant Accounts are a viable option even for the small business owner. Although they have not felt quite the competitive pinch of the local institutions yet, they are starting to lower their rates as well. They are nowhere near as concerned with how you conduct your business, and they have important tax implications as well. Even the smallest business owner needs only a PC and an internet connection to enter the global marketplace. Many small businesses are entering the virtual marketplace, and a Credit Card Merchant Service that understands this can often be just the ticket. Your internet connection can let you investigate a worldwide assortment of financial institutions interested in your business. It is common sense that the more options available generally leads to finding the better deal.

It does not matter how small you are right now. You plan to grow and expand. This is why you are in business in the first place. Carefully evaluate all your options and do not rush into an arrangement that you will regret.

Natalie Aranda is a freelance writer. Some business owners report that their accounts have been suddenly shut down or closed due to extremely good sales increases! This unusual situation has come about due to worries about illegal transactions, homeland security, and even money laundering. An Offshore Merchant Account is a viable option even for the small business owner. Although they have not felt quite the competitive pinch of the local institutions yet, they are starting to lower their rates as well. If you consider going online, online merchant accounts are a valuable investment.

Article Source: http://EzineArticles.com/?expert=Natalie_Aranda
http://EzineArticles.com/?Evaluating-Merchant-Services-for-Small-Business&id=490654

Merchant Services

2007-04-30T02:05:00.001-07:00

Compare Merchant Accounts And Merchant Services
By Shane Penrod

In this day of continuous technological advances, it is
important to choose the most appropriate services for your
company’s benefit – to compare merchant accounts is part of
that process. You don’t need to purchase every new bell or
whistle that comes along. It is a good idea, however, to stay
abreast of the most significant technological developments that
can specifically improve the way you conduct business to meet
your customer’s needs and increase profit ratios. For these
reasons you should plan to compare merchant accounts along with
their terms, costs, and services, to be sure you get the best
fit for your company.

A merchant account lets you upgrade your business to next
professional level. Instead of operating a small or informal
enterprise, perhaps one you run from your home or a small shop
on a casual basis, you can now opt for advanced services that
will impress clients, stay ahead of the competition, and free
your time for more important things while helping to increase
income while reducing costs. When you compare merchant
accounts, you can feel good about getting the most appropriate
services for your company without necessarily overspending to
buy things you don’t need. Comparison-shopping will inform you
about all the available options for equipment, maintenance and
service agreements, price, and terms. Then when you are ready
to open your account, you will have a better idea of how to
negotiate for the deal you want.

One way to compare merchant accounts is to shop online via the
Internet. Simply do a Google search or use another search
engine that you prefer. Type in “merchant account” and see what
comes up. Moving from one site to the next, you can check out
all the possible combinations of products and services to see
what is currently on the market. Compare the varied facets of
your merchant account to see how you can get the best price and
most suitable equipment. Keep in mind your customer’s needs,
since, after all, they are the ones who are most likely to be
affected. Ask some of your longstanding customers for their
opinion, or conduct an informal written survey.

Another way to compare merchant accounts is to talk with those
who have been using them for some time. You can ask online
merchant account providers for references, or make casual
inquiries among your business peers at civic groups or industry
events. You may want to check out a merchant account provider by
contacting the Better Business Bureau to find out if the company
checks out okay or if there are unresolved conflicts with other
customers. This will give you an idea of the companies to avoid
when you are ready to open a merchant account.

Your company is too valuable to gamble on a merchant account
provider who may disappear overnight or fail to stand behind
recommended products or services. Get a good sense of what each
company is able to provide and what other customers think of
them before you sign a contract. Don’t let anyone talk you into
something you don’t want or need, for no one understands your
company and your customers better than you do. Plan ahead for
this important decision when you compare merchant accounts.

About the Author: Shane Penrod is the founder of
Merchant-Account-Quotes.com Specializing in allowing merchants
the ability to shop and compare multiple quotes from national
merchant account providers. For free quotes on merchant account
rates and fees, please go to
http://www.merchant-account-quotes.com

Source: http://www.isnare.com

Merchant Services

2007-04-28T05:19:00.001-07:00

How To Accept Credit Cards Without A Merchant Account
By Stephen Pope

To increase sales on your website, you must accept credit
cards. To process credit cards, you could apply for a merchant
account through your bank or other financial institution.

Sometimes, though, you would be further ahead to use the
services of a credit card processor. This is especially true
when you are first starting out and have more limited
resources. In this way, you may process credit card
transactions without the high front-end costs and requirements
of a merchant account.

Here, then, are just a few ways of accepting credit cards
without a merchant account. I personally use all of these
vendors and can recommend them wholeheartedly.

1. Clickbank

If your product is downloadable (such as electronic books or
software), you might consider ClickBank.com . For a $49.95
initial fee, you can process credit cards and on-line cheques
for $1.00 per transaction plus 7.5% of sales.

You receive additional exposure through free listing on their
website and through the search facilities of other websites,
such as CBMall.com.

As an added bonus, you have your own built-in affiliate
program. You decide what commission (from 1% to 75%) you would
like to pay your affiliates.

2. PayPal

PayPal.com has no initial fees. For just 2.9% of sales and $
.30 per transaction (and sometimes less), you can receive money
from anyone.

Also, you can pay others by credit card or chequing account
without supplying your personal credit information to the
payee. PayPal can be used to collect money from your auctions,
website sales, or even from friends or clients.

3. PaySystems

In the original edition of this article, I recommended
PaySystems.com (also known as MyPaySystems.com). This is what I
wrote about them:

"PaySystems.com can handle either intangible (downloadable) or
tangible (shippable) products. For an initial fee of $49.00,
you can accept all major credit cards as well as online checks.
Fees are just 3.95% of sales and $1.00 per transaction.
Alternatively, you may pay 5.5% of sales and $ .35 per
transaction."

"For this, you receive shopping cart, integration with
third-party affiliate programs (such as ClixGalore.com), fraud
screening, multi-currency transactions, toll-free support,
marketing tools, and more."

Unfortunately, PaySystems.com has discontinued their "Internet
Billing Account" for those outside the United States.

4. 2CheckOut

2CheckOut.com can handle both intangible and tangible products.
For an initial fee of $49.00, you can accept all major credit
cards as well as online checks. Fees are just 5.5% of sales and
$0.45 per transaction.

For this, you receive shopping cart, fraud detection,
integration with third-party affiliate programs, multi-currency
transactions, free on-line support, and more.

Incidentally, 2CheckOut.com has the same policy as
ClickBank.com does with regard to sales taxes. Both companies
take the position that you are selling your product to them and
that they resell it to the final consumer. Thus, they claim that
you are not subject to sales taxes on those sales.

About the Author: J. Stephen Pope, President of Pope Consulting
Inc., has been helping clients to earn maximum business profits
for over twenty-five years. To learn more about accepting
credit cards and other profitable Work at Home Small Business
Ideas, visit http://www.yenommarketinginc.com/creditcards.html

Source: http://www.isnare.com

Merchant Services

2007-04-27T04:18:00.001-07:00

Offshore Merchant Account Services
By Steve Valentino

Is your domestic bank failing to give you the right assistance in making your business reach maximum potential? Is credit card processing through your domestic bank becoming a hassle? You can surely benefit from offshore merchant account services. Such an account practices in similar fashion to any other domestic merchant account would. However, the policies and customer treatment is much different. They give you more scope and flexibility in processing your online orders taken on credit cards.

Credit card processing is vital in today’s scenario when click and brick companies are fast taking over the brick and mortar companies. Offshore merchant account services give you the ability of prompt multi-currency processing. You can accept orders from more than just a few types of credit cards. Moreover, the volume of order processing is not restricted as is the case in many of the merchant accounts with domestic banks. The offshore market is very competitive. The banks need your business. Therefore they are ready to give you offshore merchant account services on your terms and ready to welcome your business account - even if it is a high-risk business such as online gambling, online pharmacy, adult entertainment, gaming, etc.

Business legislations in most of the markets outside USA are quite lenient and flexible. This makes it easier for you to open an offshore merchant account and business becomes easier. The right kind of offshore merchant account service can help you invest your profits offshore in lucrative markets without having to face the black books of the revenue department. Offshore merchant accounts usually attract high tax benefits that add to their attraction.

The offshore merchant account service providers usually charge high processing fees but it sounds minimal when you compare it with low charge backs, no deposits and other benefits. Moreover, they are ready to bear the high risk that may be associated with your business type. Offshore merchant account services include the highest-level security, encryption and fraud protection systems. If you think of expanding your business by leaps and bounds over time, you must consider getting an offshore merchant account.

Offshore Merchant Accounts provides detailed information on Benefits of Offshore Merchant Accounts, Free Offshore Merchant Accounts, Offshore Bank Accounts, Offshore Credit Card Processing and more. Offshore Merchant Accounts is affiliated with Online Merchant Account Application.

Article Source: http://EzineArticles.com/?expert=Steve_Valentino
http://EzineArticles.com/?Offshore-Merchant-Account-Services&id=227385

Merchant Services

2007-04-25T02:02:00.001-07:00

Anatomy of Merchant Service Fees
By Natalie Aranda

A credit card Merchant Service is almost a requirement of doing business in today’s marketplace. It does not really matter what your personal feelings are toward the use of credit cards or credit in general. The consumers like credit cards and often will not do business with an establishment that does not accept them. In a highly competitive business environment you can not afford to lose this business. The Merchant Service is the institutions that enable you to accept and process credit card transactions.

There are a number of Merchant Service fees that must be paid by the business owner. These fees vary greatly between Merchant Service providers and they must be carefully understood and compared when selecting the one for your business. The fees include a straight transaction fee that is charged each time the credit card is used. This fee is usually small, but can add up with frequent small transactions. The Authorization fee is the most troublesome and unfair one in the view of most business owners. It charges a fee every time a transaction is processed regardless if the charge is accepted or rejected.

Most Merchant Services have a minimum monthly fee as well. If your business volume does not exceed this figure, you will be charged the difference. The Merchant Service provider also charges for their monthly statement. They will often impose a hefty termination fee should you close your account before the agreed time span has elapsed. The business owner is responsible for any “free” equipment give to him for processing credit cards and will have to cover the cost of any loss or damage to them.

The largest and most important fee is the discount rate. This is basically the cut taken by the Merchant Service provider of every transaction. Since the discount rate is a percentage of the total sale, this fee will rise and fall along with your sales figures. The discount fee is the most important starting point for evaluating a Merchant Service provider. The good news is that this field has become highly competitive also. The financial institutions vie for your business and a reduced rate is their best bargaining chip. Even Offshore Merchant Accounts are beginning to show more competitive fervor in their discount rates as the marketplace becomes more and more global in nature. It is vital to understand the complete fee structure when considering your Merchant Service provider. You have to sacrifice some of your profit in order to benefit from the ability to accept credit cards, but how much of a sacrifice you must make can be controlled by careful shopping and knowledge of fees.

Natalie Aranda writes about technology, ecommerce and finance. A credit card Merchant Service is almost a requirement of doing business in today’s marketplace. It does not really matter what your personal feelings are toward the use of credit cards or credit in general. The consumers like credit cards and often will not do business with an establishment that does not accept them. In a highly competitive business environment you can not afford to lose this business. The Merchant Service is the institutions that enable you to accept and process credit card transactions.

Article Source: http://EzineArticles.com/?expert=Natalie_Aranda
http://EzineArticles.com/?Anatomy-of-Merchant-Service-Fees&id=490644

Merchant Services

2007-04-17T04:09:00.000-07:00

Merchant Services

2007-04-16T04:13:00.001-07:00

Are Online Merchant Services Worth The Hefty Price Tag?
By Jim Saka

An online merchant service is a service that enables you to make payments or accept payments online for your business. While it can be extremely beneficial to your business to work with a merchant service, the total bill can be pricey to set one up. It is critical that you do extensive research to determine the exact price for getting an online merchant service, because many times there are hidden costs.

Online merchant services work through merchant accounts online, which are provided through a bank. In turn, it is the bank that allows you to make or receive credit card payments via internet. As you may have guessed, this is beneficial to your business if you have a merchant account because it allows your visitors and customers to easily make a payment.

On top of that, it is convenient for you because you receive the payment much quicker. A merchant service can also set up quick thank you responses and related products that they can shop from after making their purpose. The main benefit to having an online merchant service is that you have complete control over the system for processing the payment.

You have to realize that we still live in a world where there are online thefts and identity fraud occurring more than you would like to think. Because of this, this is one downside to setting up a merchant service. Many people are still not willing to give their credit card over the internet for the fear of identity theft. While it won't change everyone's minds, it can be helpful to post a note stating that your site is 100% safe from identity theft.

A disadvantage for you to consider for merchant services is the costs incurred to have an online merchant service. There are various merchant services that charge fees from each provider that assists you in your development of the account. You also have to take into consideration other charges that will pile up on you such as application fees, set-up fees and yearly membership charges.

Sounds like a lot, right? What is troubling is that there are even more charges that you potentially could deal with. Other charges you may encounter include monthly statement charges and gateway access fees. So is it even worth it to pay for all these fees just to make it the payment process more convenient for your customers?

That is for you to decide. It can be expensive, but the convenience and the ability to accept a multitude of different credit cards welcome diversity and allow you to be flexible. This in turn has the potential to generate a higher traffic volume and create more follow-up sells. At the end of the day it's your call, do you want to pay and hope it will pay off, or settle and keep things the way they are?

Copyright (c) 2007 Jim Saka

For more information about Jim Saka or to find out how your business can can benefit from accepting credit cards online or at a place of business visit United Bank Card's merchant account services websites.

Article Source: http://EzineArticles.com/?expert=Jim_Saka
http://EzineArticles.com/?Are-Online-Merchant-Services-Worth-The-Hefty-Price-Tag?&id=488030

Merchant Services

2007-04-14T00:38:00.001-07:00

Merchant Services

2007-04-13T00:38:00.001-07:00

Accept Credit Cards Online Without a Merchant Account
By Joe Duchesne

There are two major ways to accept credit cards on your website. The first and most expensive is to have your own merchant account. Not only is this option expensive, it also requires extensive credit checks, lots of paperwork, and usually takes days or weeks before you get approved. Fortunately, there is an alternative.

Third party payment processors who will accept credit card payments on your behalf exist in growing numbers. These third party processors will take a percentage of your sale for their troubles, then pass on the rest to you. Rates vary greatly from one payment provider to another so doing your homework is important in order to get the right fit for you. Some payment providers will accept all kinds of goods and services while others specialize in only digital products, or hard goods, or services.

General Purpose Payment Providers include:

Paypal – Owned by Ebay, Paypal offers one of the lowest rates of any third party payment processor. At the time of this writing, their standard rates were 2.9% plus $0.30 US per transaction. Paypal offers excellent support and great documentation to get you up and running in no time at all. www.paypal.com

2checkout.com – Has a $49 US one time setup fee. Their rates at the time of this writing were $0.45 US plus 5.5% transaction fee. Discount rates are middle of the pack, service is very good and through them, you can accept most major credit cards. www.2checkout.com

Digital Information Payment Providers include:

Clickbank – You pay a one time $49.95 US activation fee. They then pay you the retail price of your product minus $1 and a 7.5% fee. Clickbank also has an easy to use affiliate program so that you can make money when others sell your product. www.clickbank.com

Digibuy – An electronic commerce solution for publishers of software, shareware, electronic art, information, and data. They charge a rate of 13.9% per transaction with a $3 US minimum order. They provide you with many features including brandable order forms, invoicing and test orders. www.digibuy.com

All but Clickbank give you the ability to have brandable shopping carts. This allows you to customize your order forms so that the customer doesn't feel like they are leaving your site thereby building trust. All of the third party payment processors above provide you with help to get started.

Accepting credit cards online doesn't have to cost you a lot of money. Most times it doesn't even have to include a credit check. Most of these services will even make regular deposits directly into your bank account for ultimate convenience.

When you need to accept credit cards quickly and inexpensively, one of the payment providers mentioned above just might fit the bill.

Joe Duchesne is the webmaster for turbomerchant.com which specializes in offering information to people looking to sell online via a merchant account and accept credit cards online. Reprint freely as long as the keyword rich link in this resource box stays live and with this article.

Article Source: http://EzineArticles.com/?expert=Joe_Duchesne
http://EzineArticles.com/?Accept-Credit-Cards-Online-Without-a-Merchant-Account&id=9567

Merchant Services

2007-04-12T02:05:00.001-07:00

Merchant Services

2007-04-11T02:11:00.001-07:00

Payroll Cards Improve Direct Deposit Participation
By James Sayers

It has been estimated that 50 percent to 60 percent of employees paid in the United States participate in a direct deposit service offered by their employers for payroll funds. This is a growing trend as there are many benefits to employers and employees alike. Direct deposit involves a series of steps that culminates in the employee receiving wages electronically into their bank account, whether they are paid on an hourly basis or salaried.

For the staffing industry in particular, this trend poses a significant potential for savings as the volume of payroll checks for external staff is far greater than that of internal staff. For example, a staffing firm with 20 staff members may employ as many as 500 to 1,000 temporary employees per pay period. The costs associated with paying this many employees is on par with much larger organizations outside the staffing industry who, like you, strive to provide superior service at a minimal cost. By providing direct deposit to your employees, you will experience dramatic savings as well as improve relations with your employees by providing this valuable benefit.

Background on the Market

Over the past eight to ten years, we have all had experiences with either pre-paid telephone cards, gift cards or the omnipresent debit cards. These are all convenient ways to store money that can be utilized either by a specific individual or by the person possessing the card. More recently, the concept of payroll cards has been introduced as an alternative way to provide payroll funds to individuals. These cards are a fairly basic concept that may sound familiar. Load an employee's payroll funds onto a card that can then either be withdrawn from an automated teller machine (ATM) or used to purchase goods and/or services up to the amount associated with the card, just like a debit card. The card, once all funds have been used, can either be re-loaded with funds or discarded. Therefore, instead of an employee receiving a paycheck they receive payroll funds in an account via direct deposit and they are able to retrieve their funds through their payroll card.

The issuance of payroll cards to employees is not completely new. The U.S. government, for example, maintains several contracts among the four branches of the military to provide an efficient, electronic means of distributing funds to service men and women. This is particularly helpful when those employees are overseas or aboard ships where access to banks is limited or non-existent. By providing an electronic means of distributing funds, this eliminates the need for currency, coins, vouchers, money orders, etc.

In addition to the convenience of use, payroll cards offer an added level of security. Typically, the cards use a multilayered integrated chip, which controls access to the funds. The chip is programmed with a user key or personal identification number (PIN). Funds cannot be distributed without the use of the PIN, which only the cardholder knows.

From a much larger perspective, there are about 50 to 60 million people within the U.S. who do not have a traditional bank account. Many of these same individuals do not have credit cards either. We live in a culture that revolves around transactions; transactions that are, by design, quick and convenient. Individuals without a traditional bank account are unable to participate in a large amount of transactions such as general eCommerce, point-of-sale transactions, electronic payment to creditors, etc. Basically, anything where cash is not either accepted or a viable option is simply not available to these individuals. More importantly, individuals who do not possess a bank account are unable to participate in traditional direct deposit offerings.

According to the Federal Reserve Bank of New York, there are approximately 20 million users of these types of cards and that number is expected to increase to more that 49 million by 2008. Obviously, the trend towards a greater level of acceptance is growing. In 2003, these types of cards were used to make $42 billion in transactions. By 2006, more than $72 billion worth of transactions are expected. Experts have indicated that the industry is in the introductory stage of its life cycle, which suggests that there is still substantial growth potential in the near future.

Problems and Solutions

Currently, you may be offering a direct deposit solution for your employees. Direct deposit is a method of payment to your employees which electronically credits their checking or savings account or possibly both. This is a service that you may provide as a benefit to your employees who have been with you for a defined period of time. Even though it may be a benefit to your employees, it also provides a tremendous benefit to your organization. The benefits of such an offering include decreased processing time for payroll, increased security as the funds go directly into an account, reduced fees for stop payment of checks, no lost checks, decreased employee payroll issues, etc. According to the American Payroll Association (APA), these savings equate to approximately $2.00 per contingent employee per pay period.

Many firms have the desire to move towards a greater level of employee participation in direct deposit since the efficiencies are proven and dramatic. The reasons for both employee and employer to find value are obvious. But sometimes just encouraging the idea with your employees is simply not good enough. In many cases, it needs to be a policy of education and commitment to increase participation. However, this is assuming that all of your employees can participate in direct deposit. That may not be the case; take those employees who do not have a checking or savings account, regardless of education or policy, these employees cannot participate.

One new solution for firms desiring to increase employee participation in direct deposit is what is commonly referred to as Payroll cards. A Payroll Card is, in essence, just like direct deposit as funds are electronically deposited into an account that the employee can access. The major differentiator is that payroll cards can accommodate those employees who do not have bank accounts.

Major Benefits of Payroll Cards

For Employees:

Funds are immediately available in account

No approval needed; everyone is qualified

No check cashing fees

No waiting in lines to cash checks

PIN protected; which provides added security

Purchasing power through POS vendors

No lost checks

ATM withdrawal

No need to carry cash on hand

Funds are FDIC insured

Transfer funds

Pay bills online

For Staffing Company Employers:

Decrease cost of distribution of checks

Fills gap in direct deposit participation

Increases efficiency of payroll

Decreases potential check fraud and lost checks

Eliminates stop payment fees for lost or stolen checks

Timely payroll even when employees are away

Provides major benefit at minimal cost

Improves employee loyalty

Challenges for the 'un-banked' provide opportunities for better service

There are not many categories that you can split your employees into easily; however, one thing is true…either your employees have a bank account or they do not. Those employees that have a bank account are commonly referred to as 'banked' and those that do not have a bank account are referred to as 'un-banked' or 'self-banked.' For banked employees, in most cases, their bank will accept direct deposit of funds. It saves their financial institution money just as it saves your organization money.

Un-banked employees face many obstacles in managing their payroll checks. Simply cashing their checks may induce charges such as check cashing fees from the bank issuing the check or check cashing services. Many banks are now charging a $5 per check cashing fee to non-customers in an effort to decrease their operating costs and minimize teller transactions. The other option is to use a check cashing service, which may charge from two percent to seven percent or more. That translates to $5 to $17 a week for a $250 check. Both of these options are drawing significant fees just for the purpose of turning electronic funds into cash.

While for some this may be something worth paying for, it may be a major penalty to others who desire a different way of managing their money other than carrying cash around. On the employer side of the equation, there are significant costs as well. The cost can be associated with several aspects of administrative duties, including processing time of payroll, lost checks and their associated costs, etc. From the perspective of the employer's potential savings, there was a study conducted in 1999 by the National Automated Clearing House Association (NACHA), which indicated that an employer would save an average of $48 per year per employee by eliminating the process of generating paper paychecks.

From another perspective, there are many individuals that may have a bank account but may not have a credit card or, if they do possess a credit card it may be so close to the limit that making a transaction is not possible. Among individuals in the U.S. with credit cards, more than 40 percent are within five percent of their credit limit. That means that the credit provided by the card for a transaction has been basically exhausted. The credit card is then working like a debit card since the user must pay down the limit on the card in order to make a transaction. Making larger purchases requires a good credit score. Simply possessing a bank account does not necessarily improve a credit rating.

The credit-challenged need the opportunity to improve their credit scores. Tom Miezejeski, Vice President of Research for The PELORUS Group has indicated, "due to this situation, a possibility exists for a major shift from credit to debit cards. The potential intensifies when one takes into account the recent settlement by Visa® and MasterCard® with regard to processing debit card transactions, which could encourage retailers to promote debit cards at the expense of credit cards, thereby actually eroding the number of credit cards issued annually."

Understanding Payroll Card Options: SVC's or Bank Cards

In order for employees to participate in our growing, non-cash, transaction-based society and for employers to capitalize on these trends, there needs to be an option that will allow them to leverage the flexibility of electronic fund distribution. Payroll cards address this need head-on for both employees and employers.

There are a couple of offerings from vendors when it comes to payroll cards. The two main offerings can be categorized as either stored value cards (SVCs) or bank cards.

First, let's explore a stored value card. Just as it sounds, it holds a stored value of funds that has been associated with the card. Once loaded, or associated with a pre-determined dollar value, the card can be used to make withdrawals from ATMs. To better understand this option, let's look at the setup. The employer sets up one major account with the bank and each employee has access to what is referred to as a sub-account under that one major account.

With SVCs, the employer directs funds through the major account and each sub-account, and then maintains the balance for each individual employee. The employee does not actually own the sub-account; they only withdraw funds from that account. The employee is not able to participate in point-of-sale or retail transactions as one would with a true debit card or bankcard. Although the major account is FDIC insured, the sub-accounts are not individually insured. For example, the Federal Deposit Insurance Corporation (FDIC) insures deposits up to $100,000.00. That means that if there are 100 sub-accounts for the one major account, each one is only insured for $1,000.00. The employee does not have much protection in the event the issuing or sponsoring bank fails. Also, most SVCs do not provide protections under Regulation E, which provides provisions for fund replacement in the event of lost or stolen cards. VISA branded cards, i.e. bank cards, and offer zero-liability policies.

Bank cards are similar to SVCs in that each is loaded with a pre-determined dollar value and can be used for withdrawals from ATMs. There are, however, dramatic differences between these two types of cards. First, with a bank card the employee is able to participate in any point-of-sale or retail transaction as one would with a true debit card or bank card. Second, the employer sets up an actual account with the bank for each employee who then has access to the account itself whereas with a SVC, the employee is accessing a sub-account under a major account. The employer is responsible for directing funds to the individual account. Third, the employee actually owns the account and is able to build a credit history based on their use of the account which may lead to a greater level of financial independence. Finally, the individual account deposit is FDIC insured up to $100,000.00 and the employee can enjoy the protections issued under Regulation E.

Conclusion: Better participation equals better service at lower cost.

If your organization would like to increase employees' participation in direct deposit, the employees that do not have a bank account have traditionally not been able to participate. The un-banked employees now have an offering that will enable them to leverage the benefits of direct deposit. By providing a payroll card offering, these employees will be able to help your organization increase the percentage of participation in direct deposit. If you wish to encourage your employees (banked and un-banked) to participate in direct deposit, it is a matter of educating them on how to accomplish this and explaining the benefits in a way they can appreciate and understand.

For more information regarding VCG, or our WebPAS and StaffSuite products, visit http://www.vcgsoftware.com or call 800-318-4983.

About VCG, Inc.

Our focus is your success. Since 1976 staffing firms have counted on VCG, Inc. for staffing software solutions that help them improve the productivity and profitability of their operations. Founded by staffing professionals and technologists intimately familiar with the business of staffing, VCG is the staffing industry's largest and most experienced dedicated staffing software development firm. VCG solutions today power hundreds of successful staffing companies and 12,000-plus staffing professionals throughout the U.S., Canada, Europe, Southeast Asia, and Australia. VCG, C-PAS, StaffSuite, TempWare-V, WebPAS, StaffSuite WorldLink, and WebPAS WorldLink are registered trademarks of VCG Inc.
VCG Staffing Software

James V. Sayers is a Business Analyst with VCG Inc, the leading vendor of staffing software solutions. He has been with the firm for five years and has broad experience in staffing business operations.

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Merchant Services

2007-04-10T05:01:00.000-07:00

The Easy Way to Acquire a Merchant Account for an Adult Business
By Jessica Gables

There are two surefire ways to make money off the Internet. First, find something (product, service, etc) that could arouse the interest of your target audience. If this is a niche product -- something that you and a handful of other adult merchants specialize in -- much better. It would only mean you have less competition and a bigger probability to succeed. As this article deals with something more towards the adult industry, let's take a look at that in particular. Focusing on general adult entertainment can be too broad and tiring to maintain. Try to shift your focus onto more specific fields (ie adult toys, dating service, live webcam feeds, blogs and real life stories and so much more).

Second and more important of the two, get a merchant account service provider that would enable you to accept payments online. Unless you're running an adult entertainment business purely as a hobby, you would want to collect money off your patrons. All your hard work would be a great waste if your website is not equipped as an e-commerce site. Being able to accept major credit cards whether for recurring subscriptions or one-time purchases is the key to running a successful online adult business.

For the first problem, there's an easy solution. After all, you wouldn't be in this business if you didn't already have materials in the first place, right? So you can either ride on your creativity (for blogs, stories and photography), buy available content online (videos and photos), hire talents (live webcam feeds) or have good sourcing (for toys and other adult paraphernalia). That shouldn't be a big problem then.

The second one, as previously mentioned, is more important, and even more difficult to acquire. Any financial institution, whether banks or other alternative channels, will go through its clients with utmost care and consideration. Lending money or processing it for other people is a big responsibility; as such you might have to go through the strictest standards to get a merchant account.

One very important thing you have to understand though, adult businesses are considered high-risk businesses. This means that while merchant account providers might be tough on regular online merchants, expect them to deal with you with an iron fist. This may mean a lot of things, including more paperwork to present, longer approval time, even outright denial. Also part of the problems that adult merchants might encounter would be the higher fees. If you bear all these in mind when looking for an account, you should be able to get through the process much easier.

Now, off to the more important questions. As you go thorough your list of possible merchant account service providers, you should also begin to prepare a second list. This one should detail what each payment processor asks from you. If you find that some of the requirements are common across all payment processing service providers, then by all mean, jot them down. Then, proactively prepare a package with all the things they require. This would lessen your work of compiling each and every document every time you send out an application form. Here are samples of the kind of information that you should anticipate the merchant account provider would ask for:

1.Pertinent details about the company (ie, name of corporation, full address of where you conduct business, contact details of the company representative and much more)

2.Website information (including URL, years online, current traffic, etc.)

3.A general description of the types of products and services sold on your website

4.Information about your existing payment processor (name of the current merchant account provider, how long you were with them, the kind of relationship you had, the service they were able to provide, etc.)

5.Sales volume

6.Average number of sale transactions (per month)

7.Chargeback volume ratio

8.Refund ratio by volume

In terms of paperwork, different merchant account providers require different things. In any case, you should be prepared to provide:

Completed application form (issued by the merchant account provider)

Statements from your current processor (if you have one)

Articles of Incorporation (or Certificate of Incorporation)

Annual / Quarterly financial report from the company's public accountant

Letters of reference (in most cases, from other financial institutions)

Information about the corporation's board of directors

Proper identification for members of the board

PCI (AIS/SDP) compliance certification

To protect its assets, the merchant account provider may also ask you questions about the company's practices. This may include questions about your customer support ability, shipping fees and estimated delivery time, return policy, cancellation policy, existing fraud scrubbing methods and other such matters. Bear with them as they try to assess your business. Keep in mind that not all merchant account service providers cater to the adult business, so they really need to find out about all these. There are some businesses out there that already understand the adult industry. You can also try a number or other service providers out there. Use a reliable search engine to come up with a list. Try keywords like “adult merchant account” or “adult payment processor” to generate a fairly long list.

Knowing all these will not guarantee an approval but the information can prepare you for the challenge of looking for a merchant account for your adult business. Requirements differ between payment processors, but there is one thing they have in common: they want to help you. This may mean knowing everything about you and your adult business and if you can also help them fulfill a long-lasting and mutually beneficial relationship.

Jess Gables is a traveling journalist and author of numerous articles published in travel and hotel service sites, television programs and print materials. She is also a large contributor of articles to various online resource sites, garnering the reputation of being a trusted author on various topics. Gables is a content producer for various resource websites, such as AdultMerchantPay (http://www.adultmerchantpay.com). She has a background in photography, videography, pre and post production and online affiliate marketing.

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http://EzineArticles.com/?The-Easy-Way-to-Acquire-a-Merchant-Account-for-an-Adult-Business&id=494025

Merchant Services

2007-04-09T00:50:00.001-07:00

Is An E-Commerce Merchant Service Required To Begin Payment Processing Online?
By Jim Saka

All over the internet you will hear that it is essential to get an e-commerce merchant service if you want to accept credit cards, debit cards and e-checks online for your business. To many people's surprise, there are alternative methods to receiving payment processing online. The reason e-commerce merchant service's get boasted up so highly is because of their convenience and high success rate.

Before we talk about alternatives to an e-commerce merchant service, let's talk about what you need to begin payment processing online. The first thing you need is a secure server with certification. This will allow your server to prevent data interception and ensure you that no unauthorized decoding occurs. The next two aspects are obvious in that you need an order form and a gateway to allow for authorization and processing.

The next thing you need is some form of shopping cart software. This will make life a lot less stressful during the payment processing online because it will automatically calculate purchases, taxes, and shipping and much more for you. Finally, you need an e-commerce merchant service, so let's take a look at some options now.

If you are looking for alternatives to begin payment processing online, one option is to contract with companies providing the processing on your behalf. The downside to this option is that it is more expensive than using a merchant account. The reason the prices will be higher is because the company will take a larger percentage of the ticket price off of each credit card payment you receive.

Another problem with using third parties is that you won't be able to collect your funds near as often as going through your own e-commerce merchant service. By using a third party you have to put your order form on the payment processing site, where you will probably only receive your funds two or three times a month. By using your own merchant service, you can expect to see the funds in two or three days.

If you try out third parties and just aren't satisfied, another option to begin payment processing online aside from merchant services is deferred processing. Deferred processing is when the customer inputs all data and you receive the data manually.

The advantage to using this is that you have the ability to manually look over every order form put in and correct any errors to ensure that your customer gets the right product and you truly get the payment. The downside is that it is extremely time consuming to look over every order that comes in.

As you can see, there are alternatives to using an e-commerce merchant service, but it comes with disadvantages and risks. This is not to say that you 100% positively will have failure with a different option, but the safe bet is to pay for a merchant service and begin your payment processing online on the right foot.

Copyright (c) 2007 Jim Saka

For more information about Jim Saka or to find out how your business can can benefit from accepting credit cards online or at a place of business visit United Bank Card's e-commerce merchant services websites.

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Merchant Services

2007-03-16T23:24:00.001-07:00

Online Merchant Services
By Alison Cole

An online merchant service is one that enables you to make payments on the internet. Typically, online merchant services work through Internet merchant accounts that are provided through an acquiring bank. This acquirer effectively allows you to accept or make payments through credit cards online. As it is the case with almost any business decision, there are a number of both advantages as well as disadvantages to online systems of payment and also to other types of processors of credit card. On a general basis, the advantages tend to be tied to having a direct control of the system for processing the payment. On the flip side the disadvantages tend to revolve around factors like mechanics, logistics, and security. The responsibility for the entire process of payment is a very risky affair and needs to be contemplated to avoid any loopholes.

A major concern that a lot of people face is the costs incurred to obtain online merchant services. There are a multitude of potential fees and costs that are associated with even designing an ecommerce web site that would provide these services. If you are looking to set up such a web service to enhance your business process then you need to consider potential charges for the same. Various credit card merchant account fees will crop up from each provider who is involved in assisting you to establish your ecommerce web site. The merchant service set up will involve application fees, the actual set-up fees, not to mention yearly membership charges. There are also other factors like monthly statement charges and gateway access fees. The list is quite long and so you will need to look into it in a comprehensive manner as it is easy to misinterpret the fee structures. This is because very rarely are all the exact costs related to ecommerce revealed in a single place. However in the end the set up of such an online merchant service could prove to be extremely beneficial to your trade and could leverage your customer base.

Merchant Services provides detailed information on merchant services, e-commerce merchant services, high risk merchant accounts, internet merchant services and more. Merchant Services is affiliated with Internet Merchant Accounts.

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http://EzineArticles.com/?Online-Merchant-Services&id=410024