PeterDennison

E-commerce Web site Development

When selling on online , an online merchant needs to have the service of credit card processing to facilitate it’s customers with easy online payment and to support the growth of its business. Credit card processing is helps to lure customers whether you have a land based store or an online website. Ecommerce supports the status and expansion of trade, but before you begin with an online merchant account there are things to keep in mind and rules to be followed

Ecommerce is any trade being done via online and to successfully manage such online trade there are guidelines to be followed such as:

– Pick and choose a good merchant account
– Make things simple and safe for customers or visitors
– Make transactions fraud free for your website

While these may sound simple steps towards a successful and uprising ecommerce via credit card processing, fact is that from opening a merchant account to doing a deal a trader needs to have a clear picture of what he or she wants.

Before going in to the detail of these steps you need to know the importance of credit card processing in an ecommerce. When you open up a website to sell your products you face visitors or buyers on your site. These visitors surf and decide to purchase your service, but when they find absence of any online payment mode or credit card processing they turn towards other sites offering them the facility of easy online purchasing. Thus, with credit card processing (which requires a merchant account) you get to serve your customers with trouble-free money transaction, as well as get to increase your sale and ranking.

For beginning with a credit card processing you need a merchant account which affiliates a trader with permission to accept credit card payments and transactions, but before you choose one take care of the conditions and the fees. Following are some of the common fee terms you may come across when dealing with a merchant account:

– Discount rate
– Qualified discount rate
– Mid qualified discount rate
– Monthly minimum charges
– Transaction fee
– Chargeback charges
– Programming fee
– Cancellation fee

It is advisable that you understand each one of the above charges and any further terms to avoid any future trouble when dealing ecommerce trading.

Now that you have chosen and begun with a desirable merchant account for your credit card processing, you need to take care of things to be done in order to please your customers and provide them with safe and contented experience. Provide your customers with safe ‘web server’ and SSL (secure socket layering) facilitated encrypted data. Make your shopping cart navigation simple and easy to discourage any complication for a novice net user. Never use big or posh words, as it can confuse some visitors who may not be vocabulary friendly. The key towards making your ecommerce credit card processing a success is, make your check in and checkout process simple and provide clear information on the stocks available.

Lastly, you may be doing everything to please your customers but do not forget to make your ecommerce a scam/fraud free. Always use the facility of AVS (address verification service) and carefully scan the order details. Make sure you call the customer once to cross check the order and shipment address.

Ecommerce credit card processing is a benefit if taken care of the important guidelines and course of action required for trouble free transaction.

Credit Card Processing service a Retail Credit Card Processing Equipment expert and writes for credit card processing pricing and Payment Processing Services.

Rules Regarding Internet Credit Card Processing

When selling on internet, an online trader needs to have the service of credit card processing to facilitate it’s customers with easy online payment and to support the growth of its business. Credit card processing is helps to lure customers whether you have a land based store or an online website. Internet supports the status and expansion of trade, but before you begin with an online merchant account there are things to keep in mind and rules to be followed

Internet is any trade being done via internet and to successfully manage such online trade there are Rules to be followed such as:

– Pick and choose a good merchant account
– Make things simple and safe for customers or visitors
– Make transactions fraud free for your website

While these may sound simple steps towards a successful and uprising Internet via credit card processing, fact is that from opening a merchant account to doing a deal a trader needs to have a clear picture of what he or she wants.

Before going in to the detail of these steps you need to know the importance of credit card processing in an Internet. When you open up a website to sell your products you face visitors or buyers on your site. These visitors surf and decide to purchase your service, but when they find absence of any online payment mode or credit card processing they turn towards other sites offering them the facility of easy online purchasing. Thus, with credit card processing (which requires a merchant account) you get to serve your customers with trouble-free money transaction, as well as get to increase your sale and ranking.

For beginning with a credit card processing you need a merchant account which affiliates a trader with permission to accept credit card payments and transactions, but before you choose one take care of the conditions and the fees. Following are some of the common fee terms you may come across when dealing with a merchant account:

– Discount rate
– Qualified discount rate
– Mid qualified discount rate
– Monthly minimum charges
– Transaction fee
– Chargeback charges
– Programming fee
– Cancellation fee

It is advisable that you understand each one of the above charges and any further terms to avoid any future trouble when dealing Internet trading.

Now that you have chosen and begun with a desirable merchant account for your credit card processing, you need to take care of things to be done in order to please your customers and provide them with safe and contented experience. Provide your customers with safe ‘web server’ and SSL (secure socket layering) facilitated encrypted data. Make your shopping cart navigation simple and easy to discourage any complication for a novice net user. Never use big or posh words, as it can confuse some visitors who may not be vocabulary friendly. The key towards making your Internet credit card processing a success is, make your check in and checkout process simple and provide clear information on the stocks available.

Lastly, you may be doing everything to please your customers but do not forget to make your Internet a scam/fraud free. Always use the facility of AVS (address verification service) and carefully scan the order details. Make sure you call the customer once to cross check the order and shipment address.

Internet credit card processing is a benefit if taken care of the important Rules and course of action required for trouble free transaction.

Jim Duncan is a internet credit card processing expert and writes for Payment Gateway and credit card logos web sites.

High Risk & High Volume Merchant Accounts

As your high volume business continues to grow and customers buy more goods and services, you may want to consider joining those who are applying for High Risk & High Volume Merchant Accounts. When you are approved for a high volume account, you can get good prices on mid- and non-qualified sales, along with debit processing, monthly statement fees, and additional expenses. The greater your volume of high volume business, the better deals you may be eligible for when working with financial institutions or companies who can provide this valuable service.

The way it works is that you apply for a merchant account at a bank that offers great pricing and low-cost fees. These can be packaged in a variety of ways. For example, you may want to pay a few cents for each transaction, but if you experience high-volume sales, this could become a costly option. The other route to go is to pay a low monthly overall percentage, often between 1% and 2%, for the entire sales volume you experience via your credit card and debit-processing program. High Risk & High Volume Merchant Accounts can save you money over time because you will be able to pay smaller fees for each transaction or get a better rate for the amount of profit that you bring in.

If you currently have a sizable volume of sales and perhaps expect to do more in the near future, keep in mind that High Risk & High Volume Merchant Accounts have helped others in your position. Your customers will appreciate the ease of using up-to-the-minute technology for processing their orders with your company. And your employees likewise will be happy to turn their attention to other tasks within the organization. Your company may even see profit increases within the first few months as the word spreads about your merchant account status and credit card processing capabilities.

You can apply for High Risk & High Volume Merchant Accounts through your local bank or a preferred financial institution that can process Visa and MasterCard credit accounts. Your application should demonstrate that your company is not involved in illegal or shady dealings that the underwriters are unlikely to approve, including gambling, pornography, pharmaceutical offerings, and telemarketing. Then you will want to be able to show that your company is fiscally solvent and maintains a solid credit history. You might include documentation to support the notion that your company will be able to pay merchant account fees in a timely manner.

In upgrading your high volume business to accommodate e-commerce solutions like credit card processors through a merchant account, be sure to calculate in advance the type of fees or expenses that will be affiliated with this move. You don’t want to start something you can’t finish, so project related expenditures for the coming year to see how they fit with your company budget. If it appears a credit card processor or wireless unit will tax your operating budget, you may be able to take out a low-interest loan to fund the initial start-up expenses. Discuss this option and any other questions you might have with the bank representative who manages applications for High Risk & High Volume Merchant Accounts.

James Tanaka a an expert in merchant accounts and Electronic Transfer Services.

Contactless Payments Merchant Accounts

Contactless Payments Merchant Accounts

Consumers don’t like carrying cash but are wary of handing over a credit card because of the risk of credit card fraud. But what’s the alternative?

Contactless payments.

The next generation of electronic payment, contactless payments don’t require the customer to hand over their card. The whole credit card processing transaction is completed electronically, and their card never leaves their hand. It’s faster, easier and much more secure.

But what about the merchant? Should cash-heavy merchants rush into setting up a contactless payments merchant account? The answer is a resounding yes! Contactless payments merchant accounts deliver even greater benefits to merchants than it does to consumers. Read on to find out how.

What is Contactless Payment?

Contactless payments merchant accounts are the third generation of electronic payments. (The first generation was the old plastic credit card, and the second was the magnetic stripe card.) Merchants with contactless payments merchant accounts enable customers to use their credit cards for purchases without ever handing their card over. Contactless payments merchant account transactions use one of the following methods:

. Contactless readers;
. Retailer cards/fobs;
. NFC (near field communication) enabled cell phone payment software; or
. Back end processing/over the air payment software.

Customers love it!

Research shows that 86% of consumers want to carry less cash, and most carry less than $20. (Survey was conducted in 2005 by lpsos and commissioned by MasterCard). They’re growing more comfortable using credit, but they’re still quite worried about security issues when handing over their card. In fact, 91% of likely users would feel more secure if they were allowed to hold their payment card through their entire payment process.

And then there’s ease of use, speed and convenience. Nationwide, almost 75% of respondents refuse to wait in line longer than five minutes for a purchase of less than $25, and more than 25% refuse to wait longer than just two minutes.

So how does contactless payment compare in terms of speed? Very well, in fact. It takes only 1/3 to ? of the time of the average cash or traditional credit card transaction:

. CVS Pharmacy Average Cash Transaction = 33.7 seconds
. Average Card Transaction (w/o Signature = 26.7 seconds
. Average RF Transaction = 12.5 seconds

So contactless payments increase customers’ sense of security and decrease hated wait-times. It’s no surprise, then, that customers love it!

And the growth rate of contactless payments merchant accounts shows it. According to Brian Triplett, senior vice president for emerging product development-Visa USA, “The adoption rate is the fastest we’ve seen for any new technology. I do expect we will continue to see significant growth; whether it’s double or triple we’ll have to wait and see.”

What are the Benefits for Merchants?

The most obvious benefit for merchants in having contactless payments merchant accounts is that consumers love it, so they’ll use it more often and spend more.

But the benefits don’t end there. Contactless payments merchant accounts also:

. Leverage ‘Top of Wallet’ convenience – Like traditional credit cards (and unlike cash), the customer’s card is always in their wallet, which means they’re more likely to spend, simply because they can.

. Deliver increased merchant differentiation – Particularly in the early days of adoption, merchants with contactless payments merchant accounts will ‘stand out from the crowd.’ They’ll offer consumers a new and exciting way to pay for goods and services.

. Are cheaper to operate – Transactions clear as a card-present, magnetic stripe-read transaction, but card readers are a fraction of the cost of a new POS terminal.

. Increase efficiency – Businesses with contactless payments merchant accounts enjoy much more rapid check-out times during peak hours.

. Are easy to install and upgrade – The hardware for contactless payments merchant accounts is all plug-n-play.

. Increase customer loyalty – Studies show that customers return to the participating merchant’s location on an average of two times a month.

. Leverage a general consumer movement away from cash (20%) – Even customers who don’t specifically love contactless payment probably DO specifically dislike cash. By offering them an alternative, businesses increase the likelihood of a sale.

Put simply, businesses with contactless payments merchant accounts enjoy increased transaction volume (average 45%) and increased ticket size (average 20%).

What Merchants Benefit Most from Contactless Payments Merchant Accounts?

Contactless payments merchant accounts are ideal for cash-heavy merchants. Target industries include:

. QSR
. Petroleum & C-store
. Book Stores
. Dry Cleaners
. Video Rental
. Pharmacy
. Grocery
. Parking
. Movie Theaters
. Stadiums & Arenas
. Theme Parks
. Events
. Cafeterias (Schools & Corporate)
. Taxis
. Transit
. Vending
. News Stands
. Parking Garages

Conclusion – The Future of Contactless Payments Merchant Accounts?

Contactless payment offers significant bottom-line benefits to merchants. It’s the next generation payment system that’s faster, easier, more secure and more convenient for consumers, which means it facilitates more sales (greater volume transaction) of greater value (ticket lift) for merchants. It’s a win-win situation!

Jim Duncana an expert in merchant account and internet credit card processing Services.

Accepting Payments at Your Online Website

To have an online store, the easiest way is to find some open source online script. For example oscommerce or zen-cart shopping cart. Get these script setup on your web hosting.

To accept payment online, its either customer pay through your website, or route customer to payment gateway website and make payment. Selecting which one, will depend on your needs and budget.

Having third party merchant is easiest and lowest cost. You could sign up with 2checkout payment processing or paypal or verisign payment processing. And route customer to the link provided by them. Customer will make payment at those provider webpage, and once its done, customer will return back to your website.

Be sure to pick only those famous third party merchant provider, don’t trust those that you found online and offering incredible low cost and no fees solution. Who knows, you will never get your money at the ends.

Either you can find a web hosting provider that offers merchant account as well, and they will handle all the integration work for your online store. For example you can visit ixwebhosting and their merchant account section. More review found here touch tone payment prcessing and its good to have expert taken care of the payment solution if you are unsure of what to do.

Larry Pinkerton service a Retail Credit Card Equipment expert and writes for wireless credit card processing pricing and Payment Processing Services.