deadlock Message Board
[ October Full List | Reply ]

Re: Credit Card Merchant
From JamesCross at Web Host Directory on 6 Oct '00
replying to Credit Card Merchant posted by David A Nurick

>could somebody plz inform me wheter i have to become a credit card merchant at the bank to accept credit card #'s for my business?
>if NO, how would i process payment?
>
>tnx
>DANurick

You need to sign up with a merchant account. They will deposit your credit card payments into your account on a monthly basis, rather than daily. I found an excellent list of merchant accounts via deadlock, http://www.deadlock.com/promote/promotion/payments.html

We've used one of these services for over 18 months and found them to be very reliable. a couple of things to watch for are:

1. Transaction charges - They can often charge you a set commission per transaction, plus a flat rate on top.

2. Hold back rate - Hold back is the amount the provider retains of each transaction in processes on your behalf. Its not unusual for a provider to hold back as much as 10% of the transaction for up to 6 months, before crediting it to you account.

I hope this helps,

James




Reply to this message

Required Details
Your name:
Subject:

Optional Details
Home page title:
Home page URL:
Email:
(if you'd like to receive automatic replies by email)

Your Message