Accept Credit Cards Online Without A Merchant Account


It is often assumed if you want to accept creditcards on your website that you must have a merchantaccount. This is not the case. You can accept creditcards with a Third Party credit card processor.

1) What is a Third Party Credit Card Processor?

A Third Party credit card processor is a company thatwill accept credit card payments on behalf of youor your company. The payments your customers make areprocessed through the Third Party's own merchantaccount, and you the retailer is paid (minus a commissionfee) by the Third Party processor.

No need to pay for expensive processing software, monthlyfees or minimum transaction fees. As you only pay apercentage fee on a sale, you cannot lose money.

2) Should I have a Merchant Account or Third PartyProcessor?

For most businesses this decision will be made accordingto the size of the company. Most small businesses do notneed their own merchant account.

Small businesses are better off with a Third Partyprocessor. The advantage is that when you sell yourproducts, the Third Party processor takes care of thepayment by checking the card, processing it, and sendingyou a monthly check.

Larger businesses with a bigger turnover are likely toneed a full merchant account. You will pay a biggerset-up fee for an online merchant account but pay lessper transaction than with a Third Party processor.So recouping your initial outlay.

So there it is, unless you have a large business it ispossible to accept credit cards online with a ThirdParty processor.


More Resources

Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting

More E-Commerce Information:

Related Articles

Getting Started in ECommerce - Part One
In 2004, Enquiro.com conducted a study of the search behaviors of men vs.
Shopping Online: What You Should Know
For some people, shopping online is as normal as driving a car. It's become part of the norm.
Your Readers are Publishers Too
Too often we charge ahead and treat the web as if it were just like any other medium. We know it isn't, but somehow we just can't resist retaining complete control of the creation and publication of our website and newsletter content.
Government Buying and Selling on the Internet
Global Insight, a leading economic and financial forecasting company, (formerly DRI-WEFA), states that all levels of government (federal, state, and local) should see steady increases in the purchases of goods and services through the year 2009.Vendors willing to make the commitment to sell to government can reap the benefits of this projected government spending.
Maximize Your Froogling for Increased Website Profits
Are you familiar with Froogle? If you are an online merchant, you certainly should be.Froogle is Google's product search engine and was launched as a "beta product" in December 2002.
Intranet Portals - Personalisation and Customisation
The key difference between an (old-fashioned) Intranet and a PortalWhat typifies a modern intranet portal is that there is a standardised user interface ("UI") with a built in system for user authentication. In other words, the user signs in to the portal rather than simply accessing it.
Saving Money On Your E-commerce Site
After building and transferring many e-commerce sites it still amazes me that owners of e-commerce businesses are still wasting money in three basic ways. For fear of stating the obvious, saving money is the same as making money $100 saved is $100 added to your profit margin.
The Art of Being Human
This isn't the first time I have written about the benefits of inserting a human voice or presence into your online communications. And I make no excuse for writing about this again.
Mr and Mrs Smith Go Online, as Internet Technology Moves from Fantasy to Normality
According to NOP World, 48% of all Internet users have researched or purchased financial products such as insurance and loans on the internet, or used online banking facilities. In April, NOP World had already recorded estimates of 28 million people online in Great Britain, with 13.
Online Shopping: Legal Challenges for Taxing Authorities
E-commerce offers customers the chance to eliminate many stages in the sales/distribution chain. The mark-ups that occur between manufacturers, wholesalers, distributors, retailers and consumers can add the cost of goods purchased by consumers.
Website Marketing: 10 Resourceful Things You Can Do With A Product That Doesnt Sell
Do you have any product that has not been moving well?Would you like to learn what to do with it?Here are website marketing secrets to help you:1. Sell the reprint/reproduction rights to the product.
How to Receive Payments for Your Online Sales
Once you decide which products you are planning to sell on the Internet, and what type of web store you are going to use in order to display your products, next vital decision that you haveto take is to figure out how your customers are going to pay you.Whatever you plan to sell online, accepting credit card transaction is a must! A full 90 percent of all online sales occur through credit card payments.
Using Credit Cards Securely Online
Nowadays, shopping online is a very common thing. Making your purchases without leaving your house is an attractive option for many of us.
How To Eliminate Credit Card Refunds From Digital Thieves
Can you encounter the number of times where a Credit Card Sale was generated, only to receive a "Refund Notification" from your contracted e-commerce processor on behalf the "customer"?Welcome to the electronic world of "cyber-shoplifting".Unscrupulous surfers, disguised as potential "customers", systematically opt to ordering goods (using credit cards) in electronic form of delivery, only to request a refund minutes or days later after receiving the product.
One Point Two Billion
In this surreal world of the internet, anyone, even you, can put your point across to a staggering number of people inevery country on the planet.From political activists to artists and writers, can now findan audience to take notice of them where they could not getmuch attention in their local community.
Google Catalogs - Old Gashioned Mail Order Meets High Tech Search
In addition to Google's Froogle shopping service (still in beta), which features a searchable database of online merchants, Google is also beta-testing their Google Catalog service. Google Catalogs provides a searchable central repository of hundreds of mail-order catalogs.
12 Easy and Effective Ways To Create Reports
1. Combine a few of your articles into a free report.
The Origins of E-Commerce
What is the Internet?In order to provide a discussion on the Internet it is essential to provide a short description on what the Internet actually is.Put in the most basic of terms the Internet can be described of as a massive collection of computers that are sited around the world and that are connected together in order to create a huge network that allows information to be collated and shared by millions of people.
Dont Get Ripped Off Getting A Merchant Account
Far too many people get ripped off when setting up a merchant account for their online business. The biggest reason is that they don't understand their options and are intimidated by the whole process.
Bringing the World to Your Door
According to Internet.com, by the year 2008 nearly 30% of offline purchases will be influenced by online research.