There are many advantages to having a merchant account over other methods of credit card processing. Aside from the significant savings that clients enjoy (with rates in some quarters as low as 1.03%) it is widely recognized that consumers have greater confidence in and thus spend more with stores online and off that provide a standard checkout tied into a merchant account than others that rely on services like PayPal.
According to the Federal Reserve, there are over 600 million credit cards in circulation, so it makes sense that merchant accounts are in high demand and a necessity for any serious business. Merchant accounts not only let your company accept a variety of different credit cards, but customers will be able to make quick and secure purchases. By offering your customers a simple and secure method of payment, you ensure they return to your business for future service. Merchant account services also allow you to keep better track of your financial transactions. The provider provide monthly reporting which includes all records of your credit card transactions for efficient book keeping.
According to the Federal Reserve, there are over 600 million credit cards in circulation, so it makes sense that merchant accounts are in high demand and a necessity for any serious business. Merchant accounts not only let your company accept a variety of different credit cards, but customers will be able to make quick and secure purchases. By offering your customers a simple and secure method of payment, you ensure they return to your business for future service. Merchant account services also allow you to keep better track of your financial transactions. The provider provide monthly reporting which includes all records of your credit card transactions for efficient book keeping.
- PayPal – „is the faster, safer way to send money, make an online payment, receive money or set up a merchant account“. Accepts merchants worldwide.
- Moneybookers – „is the cheaper way to send and receive money worldwide. Secure and convenient online payments. More than 7 million customers and 35,000 merchants“
- Google Checkout – „is a fast, secure checkout process that helps increase sales by bringing you more customers and allowing them to buy from you quickly and easily with a single login“
- RBS Worldpay – „accept debit and credit card payments, subscriptions, online payments and more, in multiple currencies and languages“. Accepts merchants worldwide.
- Authorize.net – „payment gateway which enables internet merchants to accept online payments via credit card and e-check“
- eWay – „is the PCI compliant payment gateway, providing a range of eCommerce solutions to meet your eCommerce business needs“. Suitable for merchants located in UK, Australia, New Zealand, European Union, India, Hong Kong, Singapore, China, South Korea, Taiwan, Thailand, Bangladesh, Brunei, Macau, Malaysia and Sri Lanka.
- First Data (including LinkPoint and Your Pay) – „is provider of electronic commerce and payment processing services to financial institutions, governments and merchants in more than 50 markets around the world“
- PayPoint – „provides merchant services including online payments, internet merchant accounts and credit cards processing“. Accepts only European Union merchants.
- Moneris – „provides the solutions to process debit and credit card payments online in a secure, real-time environment“
- Sage Pay (former Protx) – „is the UK and Ireland’s independent payment service provider (PSP). Catering for businesses of all sizes, Sage Pay makes accepting payments online, simple, fast, secure and profitable“
- Optimal Payments – „provides the processing technology and services that merchants require to accept credit card, debit card, and electronic check payments for retail, Internet, mail order, and telephone order sales“. Accepts merchants from United States, United Kingdom and Canada.
- Ogone – „allow your customers to pay for their purchases with their preferred method of payment“. Issues online merchant accounts for vendors from Austria, Belgium, France, Germany, Luxemburg, Netherlands, Switzerland, United Kingdom.
