Merchant Account Credit Card Online For Mobile Transactions

By Author: emii watson
Total Articles: 3
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The way consumers are paying for good services have changed in recent years. Many consumers in today’s market prefer using their credit card to pay for transactions. An online credit card merchant account allows businesses to accept credit cards. Discover more about merchant accounts credit card processing to learn how your business can start accepting this popular form of payment.

Merchant Accounts

Businesses interested in accepting credit cards will need to set up a merchant account with their bank. Companies will also need to find a merchant service provider to process transactions with credit card merchant machines. An advantage of having a merchant account credit card online is how payments are automatically transferred into your bank account.

Accepting Payments

Merchant accounts credit card processing allows businesses to accept payments in a variety of ways. Many merchant service providers have credit card merchant machines for your mobile device. This merchant account credit card online feature allows businesses to accept credit cards anywhere. Online credit card merchant account processing ...
... is done from a computer. Merchants can use a mobile card reader or manually type in the credit card information. Many merchant providers also process payments in web stores. Merchants will be able to accept all major credit cards in a secure environment. Merchant service providers also give merchants the option to accept and track payments using QuickBooks. The QuickBooks option also allows merchants to accept payment with a web browser, mobile device, or at your retail store.

Rates

Generally merchant account credit card online customers are charged with a primary cost for processing the transaction and having the funds transferred to your bank account. The qualified rate is the cheapest rate and is usually charged when the credit card is present when the transaction is being completed. The mid-qualified rate is often charged when a credit card is manually entered into a terminal. The non-qualified rate is usually charged when address verification is not performed or important information is missing.

Other Fees

Merchants might be required to pay additional fees for credit card processing. An interchange fee is charged for each transaction, which covers the cost and time for sending funds to your bank account. The fee is calculated by a certain percentage of the bill as well as flat cost per transaction. Authorization fees are charged to validate the customer’s address. A chargeback fee is charged when the customer disputes a charge on their credit card.

Businesses interested in accepting credit cards will need a merchant bank account and a merchant service provider. Merchants will be able to accept credit cards through mobile devices, personal computers, web stores, or QuickBooks.

Author Bio:

With wide knowledge on merchant services industry, merchant accounts and credit card processing, the author has written this article on the benefits of having a merchant account accept credit cards offered by reliable companies.